Mn Services Vermogensbeheer B.V. Purchases 600 Shares of First Solar, Inc. (NASDAQ:FSLR)

Mn Services Vermogensbeheer B.V. increased its position in First Solar, Inc. (NASDAQ:FSLR) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,500 shares of the solar cell manufacturer’s stock after purchasing an additional 600 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in First Solar were worth $6,961,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of FSLR. Raymond James & Associates grew its stake in First Solar by 10.1% in the third quarter. Raymond James & Associates now owns 13,040 shares of the solar cell manufacturer’s stock worth $3,253,000 after purchasing an additional 1,197 shares in the last quarter. Private Advisor Group LLC lifted its holdings in First Solar by 4.9% during the third quarter. Private Advisor Group LLC now owns 3,877 shares of the solar cell manufacturer’s stock worth $967,000 after buying an additional 180 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in First Solar by 12.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,912 shares of the solar cell manufacturer’s stock worth $1,475,000 after buying an additional 636 shares during the period. First Trust Direct Indexing L.P. lifted its holdings in First Solar by 12.5% during the third quarter. First Trust Direct Indexing L.P. now owns 2,560 shares of the solar cell manufacturer’s stock worth $639,000 after buying an additional 284 shares during the period. Finally, Pinnacle Associates Ltd. lifted its holdings in First Solar by 12.4% during the third quarter. Pinnacle Associates Ltd. now owns 2,213 shares of the solar cell manufacturer’s stock worth $552,000 after buying an additional 244 shares during the period. Institutional investors own 92.08% of the company’s stock.

Wall Street Analysts Forecast Growth

FSLR has been the subject of a number of analyst reports. Roth Mkm restated a “buy” rating and set a $280.00 target price on shares of First Solar in a report on Wednesday. Royal Bank of Canada lowered their target price on First Solar from $280.00 to $251.00 and set an “outperform” rating for the company in a report on Wednesday. Mizuho upgraded First Solar from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $218.00 to $259.00 in a report on Tuesday, February 11th. JPMorgan Chase & Co. lowered their target price on First Solar from $282.00 to $268.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Morgan Stanley decreased their price objective on First Solar from $297.00 to $238.00 and set an “overweight” rating for the company in a report on Thursday. Three 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $262.08.

First Solar Stock Performance

Shares of FSLR stock opened at $136.18 on Friday. The business has a fifty day moving average of $172.38 and a 200 day moving average of $197.88. The firm has a market capitalization of $14.58 billion, a price-to-earnings ratio of 11.73, a price-to-earnings-growth ratio of 0.19 and a beta of 1.47. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.14 and a quick ratio of 1.44. First Solar, Inc. has a 1 year low of $133.90 and a 1 year high of $306.77.

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

First Solar 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.