Mirae Asset Global Investments Co. Ltd. Sells 22,681 Shares of First Solar, Inc. (NASDAQ:FSLR)

Mirae Asset Global Investments Co. Ltd. reduced its position in First Solar, Inc. (NASDAQ:FSLR) by 40.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 33,629 shares of the solar cell manufacturer’s stock after selling 22,681 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in First Solar were worth $6,033,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Western Financial Corp CA bought a new position in shares of First Solar during the 3rd quarter worth approximately $1,209,000. Whalen Wealth Management Inc. lifted its position in First Solar by 47.0% during the fourth quarter. Whalen Wealth Management Inc. now owns 4,859 shares of the solar cell manufacturer’s stock worth $856,000 after acquiring an additional 1,554 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of First Solar by 36.9% during the third quarter. Stifel Financial Corp now owns 21,446 shares of the solar cell manufacturer’s stock worth $5,350,000 after acquiring an additional 5,780 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of First Solar by 9.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 595,267 shares of the solar cell manufacturer’s stock valued at $104,910,000 after purchasing an additional 49,074 shares during the last quarter. Finally, iA Global Asset Management Inc. increased its stake in shares of First Solar by 802.1% during the third quarter. iA Global Asset Management Inc. now owns 20,460 shares of the solar cell manufacturer’s stock worth $5,104,000 after purchasing an additional 18,192 shares during the period. Institutional investors own 92.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on FSLR shares. Piper Sandler increased their target price on shares of First Solar from $210.00 to $250.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Janney Montgomery Scott upgraded First Solar from a “neutral” rating to a “buy” rating and set a $260.00 price objective on the stock in a research note on Tuesday, October 29th. Wells Fargo & Company cut their target price on First Solar from $240.00 to $209.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Barclays decreased their price target on First Solar from $275.00 to $273.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Finally, StockNews.com raised First Solar from a “sell” rating to a “hold” rating in a report on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $276.29.

First Solar Stock Up 0.4 %

Shares of First Solar stock opened at $168.34 on Friday. The firm has a market cap of $18.02 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 0.19 and a beta of 1.47. The stock’s 50-day moving average is $184.14 and its 200 day moving average is $204.31. 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, Inc. has a one year low of $141.70 and a one year high of $306.77.

About First Solar

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.