BCGM Wealth Management LLC Grows Stock Position in First Solar, Inc. (NASDAQ:FSLR)

BCGM Wealth Management LLC boosted its position in shares of First Solar, Inc. (NASDAQ:FSLR) by 34.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,975 shares of the solar cell manufacturer’s stock after buying an additional 2,279 shares during the quarter. BCGM Wealth Management LLC’s holdings in First Solar were worth $1,582,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of FSLR. State Street Corp boosted its stake in shares of First Solar by 2.2% during the 3rd quarter. State Street Corp now owns 4,956,633 shares of the solar cell manufacturer’s stock worth $1,236,383,000 after purchasing an additional 108,984 shares during the period. Geode Capital Management LLC lifted its stake in First Solar by 0.9% in the third quarter. Geode Capital Management LLC now owns 2,602,503 shares of the solar cell manufacturer’s stock worth $647,440,000 after purchasing an additional 24,143 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of First Solar by 75.8% during the third quarter. Wellington Management Group LLP now owns 2,097,364 shares of the solar cell manufacturer’s stock valued at $523,166,000 after buying an additional 904,498 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of First Solar by 0.9% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,743,813 shares of the solar cell manufacturer’s stock valued at $434,977,000 after buying an additional 15,890 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of First Solar by 7.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,330,675 shares of the solar cell manufacturer’s stock worth $331,924,000 after buying an additional 90,249 shares during the period. Institutional investors own 92.08% of the company’s stock.

First Solar Price Performance

NASDAQ FSLR opened at $155.39 on Monday. The firm’s fifty day simple moving average is $176.11 and its two-hundred day simple moving average is $200.26. The firm 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 current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05. First Solar, Inc. has a 12-month low of $141.70 and a 12-month high of $306.77.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. StockNews.com raised First Solar from a “sell” rating to a “hold” rating in a research report on Thursday, January 2nd. Bank of America cut their price target on shares of First Solar from $246.00 to $236.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Guggenheim reiterated a “buy” rating and set a $335.00 price objective on shares of First Solar in a report on Wednesday, January 22nd. Wells Fargo & Company dropped their target price on shares of First Solar from $240.00 to $209.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Finally, Mizuho raised shares of First Solar from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $218.00 to $259.00 in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price 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.