Aperio Group LLC Buys 2,326 Shares of First Solar, Inc. (FSLR)
Aperio Group LLC lifted its stake in First Solar, Inc. (NASDAQ:FSLR) by 2.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,946 shares of the solar cell manufacturer’s stock after buying an additional 2,326 shares during the quarter. Aperio Group LLC owned about 0.10% of First Solar worth $4,769,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of FSLR. Benjamin F. Edwards & Company Inc. raised its stake in First Solar by 57.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,600 shares of the solar cell manufacturer’s stock valued at $104,000 after purchasing an additional 950 shares during the period. Fiduciary Trust Co. bought a new stake in First Solar during the 2nd quarter valued at approximately $128,000. NEXT Financial Group Inc raised its stake in First Solar by 23.9% during the 2nd quarter. NEXT Financial Group Inc now owns 5,050 shares of the solar cell manufacturer’s stock valued at $201,000 after purchasing an additional 975 shares during the period. Parsec Financial Management Inc. bought a new stake in First Solar during the 2nd quarter valued at approximately $204,000. Finally, Garner Asset Management Corp bought a new stake in First Solar during the 2nd quarter valued at approximately $208,000. 53.22% of the stock is currently owned by hedge funds and other institutional investors.
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FSLR has been the subject of several research analyst reports. Zacks Investment Research upgraded First Solar from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Tuesday, October 31st. Vetr upgraded First Solar from a “sell” rating to a “buy” rating and set a $64.01 price target for the company in a report on Tuesday, October 31st. Roth Capital set a $60.00 price target on First Solar and gave the company a “buy” rating in a report on Monday, October 30th. JMP Securities set a $67.00 price target on First Solar and gave the company a “buy” rating in a report on Wednesday, August 16th. Finally, Cowen and Company set a $57.00 price target on First Solar and gave the company a “buy” rating in a report on Saturday, July 29th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have issued a buy rating to the stock. First Solar has a consensus rating of “Hold” and a consensus target price of $47.61.
Shares of First Solar, Inc. (FSLR) opened at $60.96 on Wednesday. First Solar, Inc. has a one year low of $25.56 and a one year high of $62.57. The company has a quick ratio of 6.47, a current ratio of 6.85 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $6,419.50, a PE ratio of 15.07 and a beta of 1.99.
First Solar (NASDAQ:FSLR) last released its quarterly earnings results on Thursday, October 26th. The solar cell manufacturer reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $1.11. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $859.22 million. First Solar had a positive return on equity of 8.07% and a negative net margin of 14.70%. First Solar’s quarterly revenue was up 59.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.22 EPS. research analysts expect that First Solar, Inc. will post 2.53 EPS for the current fiscal year.
First Solar Company Profile
First Solar, Inc is a provider of photovoltaic (PV) solar energy solutions. The Company designs, manufactures and sells PV solar modules with a thin-film semiconductor technology. The Company also develops, designs, constructs and sells PV solar power systems that primarily use the modules it manufactures.
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