First Solar, Inc. (NASDAQ:FSLR) Shares Acquired by Mirova US LLC

Mirova US LLC increased its position in shares of First Solar, Inc. (NASDAQ:FSLR) by 961.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 646,310 shares of the solar cell manufacturer’s stock after purchasing an additional 585,394 shares during the quarter. First Solar accounts for about 1.4% of Mirova US LLC’s investment portfolio, making the stock its 27th largest holding. Mirova US LLC’s holdings in First Solar were worth $113,906,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Strengthening Families & Communities LLC bought a new stake in First Solar in the third quarter valued at $25,000. Larson Financial Group LLC raised its stake in shares of First Solar by 214.0% during the third quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock valued at $39,000 after purchasing an additional 107 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of First Solar by 31.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 262 shares of the solar cell manufacturer’s stock valued at $47,000 after purchasing an additional 63 shares in the last quarter. Crews Bank & Trust bought a new stake in shares of First Solar during the fourth quarter valued at about $53,000. Finally, Hudson Edge Investment Partners Inc. bought a new stake in shares of First Solar during the fourth quarter valued at about $53,000. 92.08% of the stock is currently owned by institutional investors.

Insider Transactions at First Solar

In other news, CEO Mark R. Widmar sold 1,272 shares of First Solar stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $132.96, for a total transaction of $169,125.12. Following the completion of the transaction, the chief executive officer now directly owns 109,000 shares in the company, valued at approximately $14,492,640. The trade was a 1.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kuntal Kumar Verma sold 7,475 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $136.60, for a total value of $1,021,085.00. Following the completion of the sale, the insider now owns 3,549 shares of the company’s stock, valued at $484,793.40. This trade represents a 67.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 30,739 shares of company stock worth $4,289,403. 0.58% of the stock is owned by company insiders.

First Solar Stock Up 0.4 %

NASDAQ:FSLR opened at $133.03 on Tuesday. The firm has a market capitalization of $14.24 billion, a price-to-earnings ratio of 11.46, a price-to-earnings-growth ratio of 0.19 and a beta of 1.52. First Solar, Inc. has a twelve month low of $124.96 and a twelve month high of $306.77. The stock’s 50 day moving average price is $161.31 and its two-hundred day moving average price is $190.44. 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 (NASDAQ:FSLR) last issued its earnings results on Tuesday, February 25th. The solar cell manufacturer reported $3.65 EPS for the quarter, missing the consensus estimate of $4.81 by ($1.16). First Solar had a return on equity of 17.56% and a net margin of 32.41%. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. Equities research analysts expect that First Solar, Inc. will post 13.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FSLR shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $230.00 target price (down from $260.00) on shares of First Solar in a report on Wednesday, February 26th. JPMorgan Chase & Co. dropped their price target on First Solar from $282.00 to $268.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Roth Mkm reissued a “buy” rating and issued a $280.00 price target on shares of First Solar in a research note on Wednesday, February 26th. StockNews.com raised First Solar from a “sell” rating to a “hold” rating in a research note on Thursday, January 2nd. Finally, Robert W. Baird dropped their price target on First Solar from $307.00 to $267.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 18th. Four analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, First Solar has a consensus rating of “Moderate Buy” and a consensus price target of $262.08.

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.