D.A. Davidson & CO. Sells 1,704 Shares of First Solar, Inc. (NASDAQ:FSLR)

D.A. Davidson & CO. trimmed its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 28.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,335 shares of the solar cell manufacturer’s stock after selling 1,704 shares during the quarter. D.A. Davidson & CO.’s holdings in First Solar were worth $764,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Whalen Wealth Management Inc. boosted its position in shares of First Solar by 47.0% in the fourth quarter. Whalen Wealth Management Inc. now owns 4,859 shares of the solar cell manufacturer’s stock worth $856,000 after purchasing an additional 1,554 shares during the period. Stifel Financial Corp boosted its position in shares of First Solar by 36.9% in the third quarter. Stifel Financial Corp now owns 21,446 shares of the solar cell manufacturer’s stock worth $5,350,000 after purchasing an additional 5,780 shares during the period. Robeco Institutional Asset Management B.V. boosted 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 worth $104,910,000 after purchasing an additional 49,074 shares during the period. Paragon Capital Management Inc. bought a new position in shares of First Solar in the fourth quarter worth approximately $1,240,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of First Solar by 665.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 39,192 shares of the solar cell manufacturer’s stock worth $7,308,000 after purchasing an additional 34,074 shares during the period. 92.08% of the stock is currently owned by institutional investors.

First Solar Trading Down 1.6 %

NASDAQ FSLR opened at $152.91 on Tuesday. The company’s 50-day moving average price is $175.36 and its 200-day moving average price is $199.83. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05. The stock has a market cap of $16.37 billion, a PE ratio of 13.17, a PEG ratio of 0.19 and a beta of 1.47. First Solar, Inc. has a 12 month low of $141.76 and a 12 month high of $306.77.

Analyst Ratings Changes

A number of equities analysts have weighed in on FSLR shares. Evercore ISI dropped their price target on shares of First Solar from $281.00 to $278.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Susquehanna dropped their target price on shares of First Solar from $280.00 to $252.00 and set a “positive” rating for the company in a research report on Wednesday, October 30th. Royal Bank of Canada dropped their target price on shares of First Solar from $315.00 to $280.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Bank of America dropped their target price on shares of First Solar from $246.00 to $236.00 and set a “buy” rating for the company in a research report on Tuesday, January 28th. Finally, Guggenheim restated a “buy” rating and set a $335.00 target price on shares of First Solar in a research report on Wednesday, January 22nd. Two investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, First Solar has a consensus rating of “Buy” and an average price target of $276.38.

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.