48,642 Shares in First Solar, Inc. (NASDAQ:FSLR) Bought by Lightrock Netherlands B.V.

Lightrock Netherlands B.V. purchased a new stake in shares of First Solar, Inc. (NASDAQ:FSLR) during the 4th quarter, HoldingsChannel reports. The firm purchased 48,642 shares of the solar cell manufacturer’s stock, valued at approximately $8,615,000. First Solar accounts for about 3.0% of Lightrock Netherlands B.V.’s holdings, making the stock its 14th biggest holding.

A number of other hedge funds have also modified their holdings of FSLR. AlphaMark Advisors LLC acquired a new position in First Solar during the third quarter valued at $25,000. Strengthening Families & Communities LLC acquired a new position in shares of First Solar in the 3rd quarter valued at about $25,000. Kennebec Savings Bank purchased a new stake in shares of First Solar in the third quarter worth about $29,000. Larson Financial Group LLC grew its holdings in First Solar by 214.0% during the third quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock worth $39,000 after acquiring an additional 107 shares during the period. Finally, Sound Income Strategies LLC raised its position in First Solar by 555.6% during the third quarter. Sound Income Strategies LLC now owns 236 shares of the solar cell manufacturer’s stock valued at $59,000 after acquiring an additional 200 shares in the last quarter. 92.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Susquehanna lowered their price objective 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. Roth Mkm dropped their price target on shares of First Solar from $320.00 to $280.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Piper Sandler upped their price objective 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. Robert W. Baird lowered their target price on shares of First Solar from $307.00 to $267.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 18th. Finally, Guggenheim restated a “buy” rating and issued a $335.00 price target on shares of First Solar in a research note on Wednesday, January 22nd. Three investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $276.29.

First Solar Price Performance

FSLR stock opened at $162.89 on Tuesday. First Solar, Inc. has a 1 year low of $141.70 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. The firm has a market capitalization of $17.44 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 0.19 and a beta of 1.47. The business has a 50 day simple moving average of $183.24 and a 200-day simple moving average of $203.69.

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.