Y.D. More Investments Ltd Buys 675 Shares of First Solar, Inc. (NASDAQ:FSLR)

Y.D. More Investments Ltd boosted its position in shares of First Solar, Inc. (NASDAQ:FSLR) by 67.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,675 shares of the solar cell manufacturer’s stock after acquiring an additional 675 shares during the quarter. Y.D. More Investments Ltd’s holdings in First Solar were worth $295,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Gilman Hill Asset Management LLC boosted its holdings in shares of First Solar by 2.8% during the third quarter. Gilman Hill Asset Management LLC now owns 1,825 shares of the solar cell manufacturer’s stock worth $455,000 after purchasing an additional 50 shares during the period. Covestor Ltd raised its position in First Solar by 6.4% during the 3rd quarter. Covestor Ltd now owns 916 shares of the solar cell manufacturer’s stock valued at $229,000 after purchasing an additional 55 shares during the last quarter. Field & Main Bank lifted its holdings in First Solar by 4.1% in the 3rd quarter. Field & Main Bank now owns 1,385 shares of the solar cell manufacturer’s stock worth $345,000 after buying an additional 55 shares during the period. Clear Harbor Asset Management LLC grew its position in shares of First Solar by 0.6% in the 4th quarter. Clear Harbor Asset Management LLC now owns 9,210 shares of the solar cell manufacturer’s stock worth $1,623,000 after buying an additional 55 shares during the last quarter. Finally, Demars Financial Group LLC increased its stake in shares of First Solar by 1.4% during the third quarter. Demars Financial Group LLC now owns 4,129 shares of the solar cell manufacturer’s stock valued at $1,030,000 after buying an additional 56 shares during the period. Hedge funds and other institutional investors own 92.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on FSLR shares. Mizuho cut their price target on shares of First Solar from $274.00 to $257.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Piper Sandler lifted their target price on shares of First Solar from $210.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. Robert W. Baird reduced their price target on shares of First Solar from $307.00 to $267.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 18th. Jefferies Financial Group cut their price objective on First Solar from $271.00 to $266.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Finally, Susquehanna decreased their target price on First Solar from $280.00 to $252.00 and set a “positive” rating for the company in a research 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 given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $276.29.

First Solar Price Performance

Shares of NASDAQ:FSLR opened at $162.37 on Thursday. The business has a 50-day simple moving average of $185.25 and a two-hundred day simple moving average of $204.93. 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 firm has a market cap of $17.38 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 0.19 and a beta of 1.47. First Solar, Inc. has a fifty-two week low of $138.41 and a fifty-two week high of $306.77.

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.