Barlow Wealth Partners Inc. Acquires Shares of 12,050 First Solar, Inc. (NASDAQ:FSLR)

Barlow Wealth Partners Inc. acquired a new position in First Solar, Inc. (NASDAQ:FSLR) in the 4th quarter, HoldingsChannel reports. The firm acquired 12,050 shares of the solar cell manufacturer’s stock, valued at approximately $2,076,000.

Several other large investors have also bought and sold shares of the stock. Baystate Wealth Management LLC bought a new stake in First Solar during the fourth quarter worth $29,000. Estabrook Capital Management bought a new position in First Solar during the third quarter valued at about $29,000. Headinvest LLC purchased a new stake in First Solar during the third quarter worth about $30,000. Rakuten Securities Inc. bought a new stake in First Solar in the fourth quarter worth about $34,000. Finally, USCF Advisers LLC boosted its stake in First Solar by 100.0% in the fourth quarter. USCF Advisers LLC now owns 200 shares of the solar cell manufacturer’s stock valued at $34,000 after acquiring an additional 100 shares during the last quarter. 92.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FSLR has been the topic of a number of research reports. UBS Group lifted their price target on shares of First Solar from $250.00 to $252.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Janney Montgomery Scott assumed coverage on First Solar in a research note on Friday, April 12th. They set a “buy” rating and a $236.00 price target for the company. Barclays boosted their price objective on First Solar from $224.00 to $227.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Mizuho increased their target price on shares of First Solar from $196.00 to $209.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Finally, The Goldman Sachs Group boosted their price target on shares of First Solar from $265.00 to $268.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $238.16.

Insider Activity at First Solar

In other First Solar news, Director R Craig Kennedy sold 1,500 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $157.76, for a total transaction of $236,640.00. Following the transaction, the director now owns 15,641 shares in the company, valued at $2,467,524.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CTO Markus Gloeckler sold 679 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $160.00, for a total transaction of $108,640.00. Following the completion of the sale, the chief technology officer now directly owns 14,473 shares of the company’s stock, valued at $2,315,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director R Craig Kennedy sold 1,500 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $157.76, for a total transaction of $236,640.00. Following the completion of the transaction, the director now directly owns 15,641 shares in the company, valued at approximately $2,467,524.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,620 shares of company stock worth $4,663,000. Company insiders own 0.58% of the company’s stock.

First Solar Price Performance

Shares of NASDAQ FSLR traded down $3.95 during midday trading on Wednesday, reaching $190.72. 1,569,122 shares of the stock traded hands, compared to its average volume of 2,077,342. First Solar, Inc. has a one year low of $129.21 and a one year high of $232.00. The stock has a market capitalization of $20.41 billion, a PE ratio of 19.99, a P/E/G ratio of 0.33 and a beta of 1.37. The company’s 50 day moving average is $168.55 and its 200 day moving average is $158.92. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.41 and a quick ratio of 1.86.

First Solar (NASDAQ:FSLR) last released its quarterly earnings results on Wednesday, May 1st. The solar cell manufacturer reported $2.20 EPS for the quarter, topping the consensus estimate of $1.90 by $0.30. The company had revenue of $794.10 million during the quarter, compared to analyst estimates of $718.19 million. First Solar had a return on equity of 16.24% and a net margin of 28.75%. The firm’s revenue was up 44.8% on a year-over-year basis. During the same quarter last year, the business posted $0.40 earnings per share. On average, equities research analysts anticipate that First Solar, Inc. will post 13.55 earnings per share for the current 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.