Moors & Cabot Inc. Buys 191 Shares of First Solar, Inc. (NASDAQ:FSLR)

Moors & Cabot Inc. boosted its position in First Solar, Inc. (NASDAQ:FSLR) by 17.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,313 shares of the solar cell manufacturer’s stock after purchasing an additional 191 shares during the period. Moors & Cabot Inc.’s holdings in First Solar were worth $328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in FSLR. AlphaMark Advisors LLC purchased a new position in shares of First Solar in the third quarter valued at $25,000. Strengthening Families & Communities LLC bought a new position in First Solar in the 3rd quarter valued at $25,000. Kennebec Savings Bank purchased a new position in shares of First Solar during the 3rd quarter valued at $29,000. Atlas Capital Advisors LLC increased its holdings in shares of First Solar by 411.1% in the second quarter. Atlas Capital Advisors LLC now owns 138 shares of the solar cell manufacturer’s stock worth $31,000 after purchasing an additional 111 shares during the period. Finally, Summit Securities Group LLC bought a new stake in First Solar during the second quarter valued at $36,000. 92.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on FSLR shares. Jefferies Financial Group cut their price objective on First Solar from $271.00 to $266.00 and set a “buy” rating for the company in a report on Thursday, October 10th. DZ Bank upgraded shares of First Solar from a “hold” rating to a “buy” rating and set a $280.00 price objective on the stock in a research report on Thursday, August 1st. StockNews.com upgraded shares of First Solar from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Oppenheimer lifted their price target on First Solar from $325.00 to $326.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, Janney Montgomery Scott raised First Solar from a “neutral” rating to a “buy” rating and set a $260.00 price objective on the stock in a report on Tuesday, October 29th. Four 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 stock. According to data from MarketBeat.com, First Solar currently has a consensus rating of “Moderate Buy” and a consensus target price of $279.04.

First Solar Price Performance

FSLR opened at $186.05 on Friday. The firm has a market cap of $19.92 billion, a PE ratio of 16.02, a P/E/G ratio of 0.32 and a beta of 1.48. The stock has a 50-day moving average price of $212.65 and a 200-day moving average price of $225.56. First Solar, Inc. has a 1 year low of $135.88 and a 1 year high of $306.77. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.14 and a quick ratio of 1.44.

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