First Solar, Inc. (NASDAQ:FSLR) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in First Solar, Inc. (NASDAQ:FSLR) by 5.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 716,104 shares of the solar cell manufacturer’s stock after acquiring an additional 34,738 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.67% of First Solar worth $178,625,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FSLR. Electron Capital Partners LLC grew its holdings in First Solar by 81,947.0% during the 2nd quarter. Electron Capital Partners LLC now owns 7,669,757 shares of the solar cell manufacturer’s stock valued at $1,729,223,000 after purchasing an additional 7,660,409 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in First Solar by 0.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,743,813 shares of the solar cell manufacturer’s stock valued at $434,977,000 after acquiring an additional 15,890 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in First Solar by 8.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 795,393 shares of the solar cell manufacturer’s stock valued at $179,478,000 after acquiring an additional 64,265 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of First Solar by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 652,354 shares of the solar cell manufacturer’s stock worth $147,080,000 after purchasing an additional 2,378 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of First Solar by 1,757.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 546,193 shares of the solar cell manufacturer’s stock valued at $136,242,000 after purchasing an additional 516,783 shares in the last quarter. Hedge funds and other institutional investors own 92.08% of the company’s stock.

First Solar Stock Up 2.3 %

Shares of First Solar stock opened at $186.05 on Friday. The company has a quick ratio of 1.44, a current ratio of 2.14 and a debt-to-equity ratio of 0.05. First Solar, Inc. has a 12-month low of $135.88 and a 12-month high of $306.77. The firm has a market capitalization of $19.92 billion, a PE ratio of 16.02, a price-to-earnings-growth ratio of 0.32 and a beta of 1.48. The stock’s fifty day moving average is $212.65 and its 200-day moving average is $225.56.

First Solar (NASDAQ:FSLR) last announced its earnings results on Tuesday, October 29th. The solar cell manufacturer reported $2.91 EPS for the quarter, missing the consensus estimate of $3.10 by ($0.19). First Solar had a return on equity of 17.56% and a net margin of 32.41%. The firm had revenue of $887.70 million during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the business earned $2.50 earnings per share. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. Equities analysts anticipate that First Solar, Inc. will post 13.15 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. BMO Capital Markets reissued an “outperform” rating and issued a $260.00 price objective (down from $286.00) on shares of First Solar in a report on Wednesday, October 30th. StockNews.com upgraded First Solar from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Oppenheimer raised their price objective on First Solar from $325.00 to $326.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Janney Montgomery Scott upgraded shares of First Solar from a “neutral” rating to a “buy” rating and set a $260.00 price target on the stock in a research report on Tuesday, October 29th. Finally, Evercore ISI decreased their price target 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. Four equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $279.04.

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.