First Solar, Inc. (NASDAQ:FSLR) Shares Acquired by Doliver Advisors LP

Doliver Advisors LP grew its holdings in shares of First Solar, Inc. (NASDAQ:FSLRFree Report) by 3.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,246 shares of the solar cell manufacturer’s stock after buying an additional 163 shares during the period. Doliver Advisors LP’s holdings in First Solar were worth $886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Harbor Investment Advisory LLC raised its stake in First Solar by 36.0% during the 1st quarter. Harbor Investment Advisory LLC now owns 272 shares of the solar cell manufacturer’s stock valued at $46,000 after acquiring an additional 72 shares during the last quarter. Ballentine Partners LLC boosted its holdings in shares of First Solar by 5.9% during the first quarter. Ballentine Partners LLC now owns 1,945 shares of the solar cell manufacturer’s stock worth $328,000 after purchasing an additional 109 shares during the last quarter. Optimum Investment Advisors acquired a new stake in shares of First Solar during the first quarter worth $524,000. Banque Cantonale Vaudoise boosted its holdings in shares of First Solar by 1.8% during the first quarter. Banque Cantonale Vaudoise now owns 17,469 shares of the solar cell manufacturer’s stock worth $2,949,000 after purchasing an additional 301 shares during the last quarter. Finally, Czech National Bank boosted its holdings in First Solar by 0.5% in the first quarter. Czech National Bank now owns 18,799 shares of the solar cell manufacturer’s stock valued at $3,173,000 after acquiring an additional 86 shares during the last quarter. 92.08% of the stock is owned by hedge funds and other institutional investors.

First Solar Stock Performance

Shares of NASDAQ FSLR traded up $2.41 during midday trading on Monday, hitting $261.28. 2,516,438 shares of the company’s stock were exchanged, compared to its average volume of 2,471,671. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.41 and a quick ratio of 1.86. The stock’s 50 day moving average price is $225.27 and its 200-day moving average price is $181.84. The firm has a market cap of $27.97 billion, a P/E ratio of 27.07, a PEG ratio of 0.34 and a beta of 1.48. First Solar, Inc. has a twelve month low of $129.21 and a twelve month high of $306.77.

First Solar (NASDAQ:FSLRGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The solar cell manufacturer reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.30. The business had revenue of $794.10 million during the quarter, compared to the consensus estimate of $718.19 million. First Solar had a return on equity of 16.24% and a net margin of 28.75%. The business’s revenue was up 44.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 earnings per share. Equities research analysts anticipate that First Solar, Inc. will post 13.6 EPS for the current year.

Insiders Place Their Bets

In other First Solar news, insider Kuntal Kumar Verma sold 1,621 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $260.00, for a total value of $421,460.00. Following the completion of the sale, the insider now directly owns 3,549 shares in the company, valued at $922,740. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other First Solar news, insider Georges Antoun sold 2,400 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $176.00, for a total transaction of $422,400.00. Following the sale, the insider now directly owns 37,412 shares of the company’s stock, valued at approximately $6,584,512. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kuntal Kumar Verma sold 1,621 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $260.00, for a total transaction of $421,460.00. Following the sale, the insider now directly owns 3,549 shares in the company, valued at $922,740. The disclosure for this sale can be found here. Insiders sold 57,890 shares of company stock worth $13,709,131 over the last ninety days. Company insiders own 0.58% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on FSLR. Oppenheimer raised their price objective on First Solar from $271.00 to $325.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Bank of America lifted their target price on First Solar from $187.00 to $194.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Roth Mkm reaffirmed a “buy” rating and set a $320.00 target price (up from $230.00) on shares of First Solar in a research report on Friday, May 31st. The Goldman Sachs Group lifted their target price on First Solar from $268.00 to $302.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Finally, Robert W. Baird lifted their target price on First Solar from $246.00 to $344.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 11th. Five equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, First Solar presently has a consensus rating of “Moderate Buy” and a consensus price target of $265.72.

Check Out Our Latest Research Report on FSLR

First Solar Company Profile

(Free Report)

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.

See Also

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

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