Forsta AP Fonden Sells 3,600 Shares of First Solar, Inc. (NASDAQ:FSLR)

Forsta AP Fonden decreased its holdings in First Solar, Inc. (NASDAQ:FSLR) by 14.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,100 shares of the solar cell manufacturer’s stock after selling 3,600 shares during the period. Forsta AP Fonden’s holdings in First Solar were worth $3,895,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of FSLR. AlphaMark Advisors LLC purchased a new position in First Solar in the 3rd quarter worth about $25,000. Strengthening Families & Communities LLC purchased a new position in shares of First Solar during the third quarter valued at approximately $25,000. Kennebec Savings Bank bought a new position in First Solar during the third quarter valued at approximately $29,000. Larson Financial Group LLC boosted its holdings in First Solar by 214.0% in the third quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock worth $39,000 after purchasing an additional 107 shares during the last quarter. Finally, Sound Income Strategies LLC grew its position in First Solar by 555.6% in the 3rd quarter. Sound Income Strategies LLC now owns 236 shares of the solar cell manufacturer’s stock worth $59,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 92.08% of the company’s stock.

First Solar Stock Up 0.1 %

Shares of FSLR stock opened at $167.52 on Friday. The company’s fifty day simple moving average is $186.89 and its two-hundred day simple moving average is $205.93. First Solar, Inc. has a 52 week low of $135.88 and a 52 week high of $306.77. The stock has a market cap of $17.93 billion, a P/E ratio of 14.43, a PEG ratio of 0.19 and a beta of 1.49. The company has a quick ratio of 1.44, a current ratio of 2.14 and a debt-to-equity ratio of 0.05.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FSLR. Jefferies Financial Group dropped their price target on First Solar from $271.00 to $266.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Morgan Stanley dropped their target price on First Solar from $329.00 to $297.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Evercore ISI lowered their price objective on shares of First Solar from $281.00 to $278.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Robert W. Baird cut their target price on shares of First Solar from $307.00 to $267.00 and set an “outperform” rating for the company in a research report on Wednesday, December 18th. Finally, StockNews.com upgraded shares of First Solar from a “sell” rating to a “hold” rating in a research report on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, First Solar currently has a consensus rating of “Moderate Buy” and a consensus price target of $276.29.

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.