300 Shares in First Solar, Inc. (NASDAQ:FSLR) Bought by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. acquired a new position in shares of First Solar, Inc. (NASDAQ:FSLR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 300 shares of the solar cell manufacturer’s stock, valued at approximately $53,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Summerhill Capital Management lnc. increased its holdings in First Solar by 20.7% in the 4th quarter. Summerhill Capital Management lnc. now owns 44,243 shares of the solar cell manufacturer’s stock worth $7,797,000 after purchasing an additional 7,576 shares in the last quarter. ING Groep NV bought a new stake in First Solar in the fourth quarter valued at approximately $2,600,000. Mader & Shannon Wealth Management Inc. boosted its holdings in First Solar by 69.7% in the fourth quarter. Mader & Shannon Wealth Management Inc. now owns 14,363 shares of the solar cell manufacturer’s stock valued at $2,531,000 after acquiring an additional 5,897 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of First Solar by 110.4% during the 4th quarter. Handelsbanken Fonder AB now owns 375,010 shares of the solar cell manufacturer’s stock worth $66,092,000 after buying an additional 196,744 shares in the last quarter. Finally, Private Wealth Partners LLC grew its holdings in First Solar by 8.0% in the fourth quarter. Private Wealth Partners LLC now owns 3,647 shares of the solar cell manufacturer’s stock worth $643,000 after purchasing an additional 270 shares during the period. 92.08% of the stock is currently owned by institutional investors.

First Solar Stock Performance

NASDAQ FSLR opened at $155.39 on Friday. First Solar, Inc. has a 52-week low of $141.70 and a 52-week high of $306.77. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.44 and a current ratio of 2.14. The company has a market capitalization of $16.64 billion, a P/E ratio of 13.38, a P/E/G ratio of 0.19 and a beta of 1.47. The company has a fifty day moving average of $176.11 and a 200-day moving average of $200.32.

Wall Street Analysts Forecast Growth

FSLR has been the subject of a number of research reports. Susquehanna reduced their price objective on First Solar from $280.00 to $252.00 and set a “positive” rating for the company in a research note on Wednesday, October 30th. The Goldman Sachs Group decreased their price target on First Solar from $311.00 to $279.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Royal Bank of Canada lowered their price objective on shares of First Solar from $315.00 to $280.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. StockNews.com raised shares of First Solar from a “sell” rating to a “hold” rating in a report on Thursday, January 2nd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $260.00 price target (down previously from $286.00) on shares of First Solar in a report on Wednesday, October 30th. 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. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $276.38.

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.