Mirador Capital Partners LP Increases Stock Holdings in First Solar, Inc. (NASDAQ:FSLR)

Mirador Capital Partners LP increased its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 34.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,275 shares of the solar cell manufacturer’s stock after acquiring an additional 585 shares during the period. Mirador Capital Partners LP’s holdings in First Solar were worth $401,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AlphaMark Advisors LLC acquired a new position in shares of First Solar during the third quarter worth $25,000. Strengthening Families & Communities LLC acquired a new stake in First Solar during the 3rd quarter valued at $25,000. Kennebec Savings Bank purchased a new stake in First Solar during the 3rd quarter worth $29,000. Larson Financial Group LLC lifted its holdings in First Solar by 214.0% in the 3rd quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock worth $39,000 after buying an additional 107 shares in the last quarter. Finally, Itau Unibanco Holding S.A. purchased a new position in First Solar in the 2nd quarter valued at about $38,000. Hedge funds and other institutional investors own 92.08% of the company’s stock.

First Solar Price Performance

Shares of NASDAQ FSLR opened at $190.89 on Friday. First Solar, Inc. has a 1-year low of $135.88 and a 1-year high of $306.77. The firm has a market capitalization of $20.44 billion, a PE ratio of 16.44, a P/E/G ratio of 0.21 and a beta of 1.49. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.14 and a quick ratio of 1.44. The business’s fifty day moving average price is $190.31 and its two-hundred day moving average price is $210.17.

First Solar (NASDAQ:FSLR) last released its quarterly earnings data on Tuesday, October 29th. The solar cell manufacturer reported $2.91 earnings per share for the quarter, missing analysts’ consensus estimates of $3.10 by ($0.19). The firm had revenue of $887.70 million during 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 firm’s revenue was up 10.7% on a year-over-year basis. During the same period last year, the business earned $2.50 EPS. On average, research analysts expect that First Solar, Inc. will post 13.09 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Bank of America dropped their target price on First Solar from $321.00 to $269.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Royal Bank of Canada dropped their price objective on First Solar from $315.00 to $280.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Wells Fargo & Company reduced their target price on First Solar from $240.00 to $209.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Robert W. Baird dropped their price target on shares of First Solar from $307.00 to $267.00 and set an “outperform” rating for the company in a research note on Wednesday, December 18th. Finally, Truist Financial assumed coverage on shares of First Solar in a report on Thursday, September 26th. They issued a “buy” rating and a $300.00 price target on the stock. Four investment 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $277.75.

About First Solar

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.