854 Shares in First Solar, Inc. (NASDAQ:FSLR) Purchased by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI purchased a new position in First Solar, Inc. (NASDAQ:FSLR) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 854 shares of the solar cell manufacturer’s stock, valued at approximately $213,000.

A number of other institutional investors also recently bought and sold shares of FSLR. Massmutual Trust Co. FSB ADV increased its stake in shares of First Solar by 14.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 356 shares of the solar cell manufacturer’s stock worth $89,000 after acquiring an additional 45 shares during the period. Davis Investment Partners LLC raised its position in First Solar by 0.6% during the third quarter. Davis Investment Partners LLC now owns 7,698 shares of the solar cell manufacturer’s stock valued at $1,805,000 after acquiring an additional 46 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in First Solar by 0.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 9,172 shares of the solar cell manufacturer’s stock valued at $2,068,000 after acquiring an additional 49 shares during the period. Cambridge Trust Co. grew its stake in shares of First Solar by 1.6% during the 1st quarter. Cambridge Trust Co. now owns 3,232 shares of the solar cell manufacturer’s stock worth $546,000 after purchasing an additional 50 shares during the period. Finally, Gilman Hill Asset Management LLC increased its holdings in shares of First Solar by 2.8% during the 3rd quarter. Gilman Hill Asset Management LLC now owns 1,825 shares of the solar cell manufacturer’s stock valued at $455,000 after purchasing an additional 50 shares in the last quarter. 92.08% of the stock is owned by hedge funds and other institutional investors.

First Solar Trading Up 2.3 %

NASDAQ FSLR opened at $186.05 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.14 and a quick ratio of 1.44. The stock has a market capitalization of $19.92 billion, a P/E ratio of 16.02, a PEG ratio of 0.32 and a beta of 1.48. The firm’s 50-day moving average is $212.65 and its two-hundred day moving average is $225.56. First Solar, Inc. has a 12 month low of $135.88 and a 12 month high of $306.77.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings data on Tuesday, October 29th. The solar cell manufacturer reported $2.91 earnings per share for the quarter, missing analysts’ consensus estimates of $3.10 by ($0.19). The company had revenue of $887.70 million for the quarter, compared to analysts’ expectations of $1.07 billion. First Solar had a return on equity of 17.56% and a net margin of 32.41%. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.50 EPS. On average, sell-side analysts anticipate that First Solar, Inc. will post 13.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FSLR. BMO Capital Markets reiterated an “outperform” rating and set a $260.00 target price (down previously from $286.00) on shares of First Solar in a research report on Wednesday, October 30th. StockNews.com raised shares of First Solar from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Seaport Res Ptn upgraded shares of First Solar to a “hold” rating in a research report on Tuesday, November 5th. Piper Sandler lowered their price objective on First Solar from $245.00 to $210.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Guggenheim decreased their target price on First Solar from $368.00 to $335.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $279.04.

First Solar 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.