First Solar, Inc. (NASDAQ:FSLR) Holdings Lifted by Aviso Wealth Management

Aviso Wealth Management increased its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 21.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,211 shares of the solar cell manufacturer’s stock after purchasing an additional 575 shares during the quarter. Aviso Wealth Management’s holdings in First Solar were worth $801,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FSLR. Kingsview Wealth Management LLC purchased a new position in First Solar in the first quarter valued at about $275,000. Blair William & Co. IL lifted its position in shares of First Solar by 5.8% in the first quarter. Blair William & Co. IL now owns 4,454 shares of the solar cell manufacturer’s stock worth $752,000 after buying an additional 243 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of First Solar by 0.9% in the first quarter. Vanguard Group Inc. now owns 12,257,053 shares of the solar cell manufacturer’s stock worth $2,068,991,000 after buying an additional 105,236 shares during the last quarter. Bessemer Group Inc. increased its stake in First Solar by 10.6% during the first quarter. Bessemer Group Inc. now owns 7,751 shares of the solar cell manufacturer’s stock valued at $1,309,000 after acquiring an additional 740 shares during the period. Finally, National Bank of Canada FI increased its stake in First Solar by 102.4% during the first quarter. National Bank of Canada FI now owns 122,407 shares of the solar cell manufacturer’s stock valued at $20,662,000 after acquiring an additional 61,942 shares during the period. Hedge funds and other institutional investors own 92.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FSLR shares. Morgan Stanley lowered their price target on First Solar from $329.00 to $297.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Wells Fargo & Company lowered their price objective on First Solar from $250.00 to $240.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Susquehanna decreased their price target on First Solar from $280.00 to $252.00 and set a “positive” rating on the stock in a research report on Wednesday, October 30th. Piper Sandler decreased their price target on First Solar from $250.00 to $245.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Finally, UBS Group increased their price target on First Solar from $350.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, First Solar currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.50.

First Solar Stock Performance

Shares of First Solar stock opened at $190.45 on Monday. The company has a market capitalization of $20.39 billion, a PE ratio of 16.40, a PEG ratio of 0.33 and a beta of 1.48. First Solar, Inc. has a 12 month low of $135.88 and a 12 month high of $306.77. 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’s fifty day simple moving average is $216.28 and its 200 day simple moving average is $225.91.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings data on Tuesday, October 29th. The solar cell manufacturer reported $2.91 EPS for the quarter, missing the consensus estimate of $3.10 by ($0.19). The business had revenue of $887.70 million for the quarter, compared to analyst estimates of $1.07 billion. First Solar had a return on equity of 17.56% and a net margin of 32.41%. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.50 EPS. On average, research analysts predict that First Solar, Inc. will post 13.16 EPS for the current 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.