Lecap Asset Management Ltd. Decreases Stake in First Solar, Inc. (NASDAQ:FSLR)

Lecap Asset Management Ltd. lessened its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 18.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,896 shares of the solar cell manufacturer’s stock after selling 1,368 shares during the quarter. Lecap Asset Management Ltd.’s holdings in First Solar were worth $1,039,000 at the end of the most recent quarter.

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

First Solar Stock Up 0.4 %

First Solar stock opened at $168.34 on Friday. The firm has a market cap of $18.02 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 0.19 and a beta of 1.47. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05. First Solar, Inc. has a 12 month low of $141.70 and a 12 month high of $306.77. The stock has a fifty day simple moving average of $184.14 and a two-hundred day simple moving average of $204.31.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Seaport Res Ptn raised First Solar from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Morgan Stanley reduced their price objective on shares of First Solar from $329.00 to $297.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Mizuho dropped their target price on shares of First Solar from $274.00 to $257.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. BMO Capital Markets reiterated an “outperform” rating and set a $260.00 price target (down previously from $286.00) on shares of First Solar in a research report on Wednesday, October 30th. Finally, Evercore ISI lowered their price objective on shares of First Solar from $281.00 to $278.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average 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.