First Solar, Inc. (NASDAQ:FSLR) Shares Sold by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC lessened its holdings in First Solar, Inc. (NASDAQ:FSLR) by 18.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,871 shares of the solar cell manufacturer’s stock after selling 1,100 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in First Solar were worth $858,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in FSLR. Strengthening Families & Communities LLC bought a new position in shares of First Solar in the 3rd quarter worth about $25,000. Kennebec Savings Bank acquired a new stake in First Solar during the third quarter worth about $29,000. Larson Financial Group LLC lifted its holdings in First Solar by 214.0% in the third quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock worth $39,000 after acquiring an additional 107 shares during the last quarter. Crews Bank & Trust acquired a new position in First Solar in the fourth quarter valued at approximately $53,000. Finally, Hudson Edge Investment Partners Inc. bought a new position in shares of First Solar during the fourth quarter valued at approximately $53,000. Institutional investors and hedge funds own 92.08% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on FSLR. The Goldman Sachs Group cut their price target on First Solar from $311.00 to $279.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. BMO Capital Markets restated an “outperform” rating and issued a $230.00 target price (down from $260.00) on shares of First Solar in a research report on Wednesday. Truist Financial reiterated a “buy” rating and set a $285.00 price target (down previously from $300.00) on shares of First Solar in a research report on Wednesday. Mizuho raised First Solar from a “neutral” rating to an “outperform” rating and raised their price target for the company from $218.00 to $259.00 in a report on Tuesday, February 11th. Finally, Evercore ISI reduced their price objective on shares of First Solar from $281.00 to $278.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $268.00.

First Solar Stock Up 6.4 %

Shares of NASDAQ:FSLR opened at $156.84 on Thursday. First Solar, Inc. has a 52 week low of $144.28 and a 52 week high of $306.77. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.44 and a current ratio of 2.14. The company has a market cap of $16.79 billion, a PE ratio of 13.51, a price-to-earnings-growth ratio of 0.19 and a beta of 1.47. The firm has a 50 day simple moving average of $174.00 and a 200 day simple moving average of $199.08.

First Solar (NASDAQ:FSLR) last issued its earnings results on Tuesday, February 25th. The solar cell manufacturer reported $3.65 EPS for the quarter, missing the consensus estimate of $4.81 by ($1.16). First Solar had a return on equity of 17.56% and a net margin of 32.41%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. As a group, research analysts expect that First Solar, Inc. will post 13.05 earnings per share for the current year.

First Solar Company Profile

First Solar, Inc, a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules.