Generali Investments CEE investicni spolecnost a.s. Takes $640,000 Position in First Solar, Inc. (NASDAQ:FSLR)

Generali Investments CEE investicni spolecnost a.s. purchased a new stake in First Solar, Inc. (NASDAQ:FSLR) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,630 shares of the solar cell manufacturer’s stock, valued at approximately $640,000.

A number of other institutional investors also recently modified their holdings of FSLR. QRG Capital Management Inc. lifted its holdings in shares of First Solar by 29.2% in the third quarter. QRG Capital Management Inc. now owns 2,307 shares of the solar cell manufacturer’s stock valued at $576,000 after purchasing an additional 522 shares in the last quarter. Windward Capital Management Co. CA bought a new stake in First Solar during the third quarter worth about $352,000. Lindbrook Capital LLC raised its holdings in First Solar by 182.6% during the third quarter. Lindbrook Capital LLC now owns 1,232 shares of the solar cell manufacturer’s stock worth $307,000 after acquiring an additional 796 shares in the last quarter. Demars Financial Group LLC raised its holdings in 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 worth $1,030,000 after acquiring an additional 56 shares in the last quarter. Finally, Field & Main Bank raised its holdings in First Solar by 4.1% during the third quarter. Field & Main Bank now owns 1,385 shares of the solar cell manufacturer’s stock worth $345,000 after acquiring an additional 55 shares in the last quarter. 92.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on FSLR. Bank of America dropped their target price on First Solar from $246.00 to $236.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Robert W. Baird lowered their price target on shares of First Solar from $307.00 to $267.00 and set an “outperform” rating on the stock in a report on Wednesday, December 18th. Barclays lowered their price target on shares of First Solar from $273.00 to $236.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Citigroup lowered their price target on shares of First Solar from $254.00 to $236.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Finally, Roth Mkm reissued a “buy” rating and issued a $280.00 price target on shares of First Solar in a report on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $262.08.

Insider Buying and Selling at First Solar

In other First Solar news, CEO Mark R. Widmar sold 21,542 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $141.09, for a total value of $3,039,360.78. Following the sale, the chief executive officer now owns 103,403 shares in the company, valued at $14,589,129.27. This trade represents a 17.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Kuntal Kumar Verma sold 7,475 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $136.60, for a total transaction of $1,021,085.00. Following the completion of the sale, the insider now owns 3,549 shares in the company, valued at $484,793.40. This represents a 67.81 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.58% of the company’s stock.

First Solar Stock Performance

NASDAQ FSLR opened at $139.13 on Friday. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $14.90 billion, a price-to-earnings ratio of 11.98, a P/E/G ratio of 0.19 and a beta of 1.52. The firm’s 50 day simple moving average is $167.08 and its 200 day simple moving average is $194.60. First Solar, Inc. has a 1 year low of $124.96 and a 1 year high of $306.77.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings results on Tuesday, February 25th. The solar cell manufacturer reported $3.65 earnings per share (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 firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. As a group, research analysts expect that First Solar, Inc. will post 13.05 earnings per share for the current fiscal year.

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.