First Solar, Inc. $FSLR Stock Position Lifted by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft grew its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 35.7% during the third quarter, Holdings Channel.com reports. The firm owned 10,964 shares of the solar cell manufacturer’s stock after buying an additional 2,887 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in First Solar were worth $2,413,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Strategic Wealth Investment Group LLC acquired a new position in First Solar during the 2nd quarter valued at about $26,000. Hantz Financial Services Inc. lifted its stake in shares of First Solar by 69.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 183 shares of the solar cell manufacturer’s stock worth $30,000 after acquiring an additional 75 shares during the period. Total Investment Management Inc. bought a new position in shares of First Solar in the second quarter valued at approximately $36,000. Private Trust Co. NA increased its stake in shares of First Solar by 2,610.0% during the second quarter. Private Trust Co. NA now owns 271 shares of the solar cell manufacturer’s stock valued at $45,000 after acquiring an additional 261 shares during the period. Finally, CYBER HORNET ETFs LLC bought a new stake in First Solar during the second quarter worth approximately $47,000. Institutional investors and hedge funds own 92.08% of the company’s stock.

First Solar Trading Up 1.9%

Shares of NASDAQ FSLR opened at $226.24 on Wednesday. The company has a quick ratio of 1.55, a current ratio of 1.91 and a debt-to-equity ratio of 0.03. First Solar, Inc. has a 12 month low of $116.56 and a 12 month high of $285.99. The company has a market cap of $24.28 billion, a price-to-earnings ratio of 17.38, a P/E/G ratio of 0.29 and a beta of 1.60. The business has a fifty day simple moving average of $250.64 and a 200-day simple moving average of $232.82.

Analyst Ratings Changes

A number of brokerages have issued reports on FSLR. Wall Street Zen raised First Solar from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. UBS Group upped their price objective on First Solar from $275.00 to $330.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Morgan Stanley set a $275.00 target price on First Solar in a report on Friday, October 31st. Needham & Company LLC started coverage on shares of First Solar in a research report on Wednesday, October 22nd. They issued a “buy” rating and a $286.00 price target on the stock. Finally, Mizuho raised their price objective on shares of First Solar from $278.00 to $335.00 in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, First Solar has an average rating of “Moderate Buy” and a consensus price target of $275.94.

First Solar Profile

First Solar, Inc (NASDAQ: FSLR) is a United States–based solar technology company best known for designing and manufacturing thin‑film photovoltaic (PV) modules that use cadmium telluride (CdTe) semiconductor technology. The company supplies PV modules and delivers integrated solar power solutions for utility‑scale projects, positioning itself as a provider of both components and complete solar energy systems rather than solely a parts supplier. First Solar was founded in 1999 and is headquartered in Tempe, Arizona.

Beyond module manufacturing, First Solar offers a range of project services including development support, engineering, procurement and construction (EPC) services, and operations and maintenance (O&M) for large-scale solar installations.