902 Shares in First Solar, Inc. (NASDAQ:FSLR) Acquired by Simmons Bank

Simmons Bank purchased a new position in shares of First Solar, Inc. (NASDAQ:FSLR) in the 3rd quarter, Holdings Channel reports. The firm purchased 902 shares of the solar cell manufacturer’s stock, valued at approximately $225,000.

A number of other large investors also recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV grew its holdings in shares of First Solar by 14.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 356 shares of the solar cell manufacturer’s stock worth $89,000 after purchasing an additional 45 shares during the period. Davis Investment Partners LLC increased its stake in First Solar by 0.6% during the 3rd quarter. Davis Investment Partners LLC now owns 7,698 shares of the solar cell manufacturer’s stock worth $1,805,000 after buying an additional 46 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in First Solar by 0.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 9,172 shares of the solar cell manufacturer’s stock worth $2,068,000 after buying an additional 49 shares in the last quarter. Cambridge Trust Co. grew its stake in shares of First Solar by 1.6% during the first quarter. Cambridge Trust Co. now owns 3,232 shares of the solar cell manufacturer’s stock valued at $546,000 after acquiring an additional 50 shares in the last quarter. Finally, Gilman Hill Asset Management LLC boosted its holdings in First Solar by 2.8% in the third quarter. Gilman Hill Asset Management LLC now owns 1,825 shares of the solar cell manufacturer’s stock valued at $455,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 92.08% of the company’s stock.

First Solar Stock Up 7.1 %

Shares of NASDAQ:FSLR opened at $195.14 on Friday. The company has a market capitalization of $20.89 billion, a PE ratio of 16.81, a P/E/G ratio of 0.32 and a beta of 1.48. 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’s fifty day moving average is $216.64 and its 200-day moving average is $225.16. First Solar, Inc. has a 52 week low of $135.88 and a 52 week high of $306.77.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings data on Tuesday, October 29th. The solar cell manufacturer reported $2.91 earnings per share for the quarter, missing the consensus estimate of $3.10 by ($0.19). The firm had revenue of $887.70 million for the quarter, compared to analyst estimates of $1.07 billion. First Solar had a return on equity of 17.56% and a net margin of 32.41%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.50 EPS. Equities research analysts predict that First Solar, Inc. will post 13.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on FSLR shares. Barclays dropped their price target on shares of First Solar from $290.00 to $275.00 and set an “overweight” rating for the company in a research note on Wednesday. Susquehanna decreased their price target on First Solar from $280.00 to $252.00 and set a “positive” rating for the company in a research note on Wednesday, October 30th. Seaport Res Ptn upgraded First Solar to a “hold” rating in a research report on Tuesday, November 5th. UBS Group upped their price target on First Solar from $350.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Clarkson Capital started coverage on shares of First Solar in a research report on Wednesday, August 14th. They issued a “buy” rating and a $270.00 price target on the stock. Four analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.50.

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.