Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of First Solar, Inc. (NASDAQ:FSLR) by 64.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,383 shares of the solar cell manufacturer’s stock after buying an additional 1,716 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in First Solar were worth $201,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in FSLR. Daiwa Securities Group Inc. increased its holdings in shares of First Solar by 0.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 24,125 shares of the solar cell manufacturer’s stock valued at $962,000 after purchasing an additional 125 shares in the last quarter. Public Employees Retirement Association of Colorado increased its holdings in shares of First Solar by 1.1% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 15,100 shares of the solar cell manufacturer’s stock valued at $602,000 after purchasing an additional 165 shares in the last quarter. Intellectus Partners LLC increased its holdings in shares of First Solar by 1.2% in the 2nd quarter. Intellectus Partners LLC now owns 17,450 shares of the solar cell manufacturer’s stock valued at $696,000 after purchasing an additional 200 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of First Solar by 0.8% in the 2nd quarter. Alliancebernstein L.P. now owns 47,767 shares of the solar cell manufacturer’s stock valued at $1,905,000 after purchasing an additional 360 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings in shares of First Solar by 4.9% in the 2nd quarter. Pacer Advisors Inc. now owns 10,117 shares of the solar cell manufacturer’s stock valued at $403,000 after purchasing an additional 470 shares in the last quarter. Institutional investors own 51.21% of the company’s stock.

Several equities analysts have weighed in on the stock. Axiom Securities reaffirmed a “buy” rating on shares of First Solar in a research note on Thursday, August 10th. ValuEngine raised shares of First Solar from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Vetr cut shares of First Solar from a “hold” rating to a “sell” rating and set a $45.99 target price on the stock. in a research report on Monday, August 14th. JMP Securities set a $67.00 target price on shares of First Solar and gave the stock a “buy” rating in a research report on Wednesday, August 16th. Finally, Bank of America reissued a “buy” rating and issued a $64.00 target price on shares of First Solar in a research report on Tuesday, August 29th. Eleven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. First Solar currently has a consensus rating of “Buy” and an average price target of $57.51.

First Solar, Inc. (NASDAQ:FSLR) opened at $63.24 on Thursday. The firm has a market cap of $6,392.34, a P/E ratio of 15.00 and a beta of 2.03. The company has a debt-to-equity ratio of 0.06, a quick ratio of 6.47 and a current ratio of 6.85. First Solar, Inc. has a 12-month low of $25.56 and a 12-month high of $65.43.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings results on Thursday, October 26th. The solar cell manufacturer reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $1.11. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $859.22 million. First Solar had a negative net margin of 14.70% and a positive return on equity of 8.07%. First Solar’s revenue was up 59.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.22 earnings per share. equities research analysts predict that First Solar, Inc. will post 2.47 EPS for the current year.

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About First Solar

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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Institutional Ownership by Quarter for First Solar (NASDAQ:FSLR)

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