Inspire Investing LLC Has $1.95 Million Stock Position in First Solar, Inc. (NASDAQ:FSLR)

Inspire Investing LLC decreased its stake in First Solar, Inc. (NASDAQ:FSLR) by 21.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,085 shares of the solar cell manufacturer’s stock after selling 2,964 shares during the period. Inspire Investing LLC’s holdings in First Solar were worth $1,954,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Massmutual Trust Co. FSB ADV boosted its stake in shares of First Solar by 14.5% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 356 shares of the solar cell manufacturer’s stock valued at $89,000 after purchasing an additional 45 shares in the last quarter. Davis Investment Partners LLC boosted its stake in shares of First Solar by 0.6% in the 3rd quarter. Davis Investment Partners LLC now owns 7,698 shares of the solar cell manufacturer’s stock valued at $1,805,000 after purchasing an additional 46 shares in the last quarter. Gilman Hill Asset Management LLC boosted its stake in shares of First Solar by 2.8% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 1,825 shares of the solar cell manufacturer’s stock valued at $455,000 after purchasing an additional 50 shares in the last quarter. Covestor Ltd boosted its stake in shares of First Solar by 6.4% in the 3rd quarter. Covestor Ltd now owns 916 shares of the solar cell manufacturer’s stock valued at $229,000 after purchasing an additional 55 shares in the last quarter. Finally, Field & Main Bank boosted its stake in shares of First Solar by 4.1% in the 3rd quarter. Field & Main Bank now owns 1,385 shares of the solar cell manufacturer’s stock valued at $345,000 after purchasing an additional 55 shares in the last quarter. Institutional investors and hedge funds own 92.08% of the company’s stock.

First Solar Price Performance

Shares of FSLR opened at $171.90 on Thursday. 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 stock has a 50 day simple moving average of $189.98 and a 200 day simple moving average of $208.83. First Solar, Inc. has a 52-week low of $135.88 and a 52-week high of $306.77. The firm has a market capitalization of $18.40 billion, a PE ratio of 14.81, a P/E/G ratio of 0.21 and a beta of 1.49.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings data on Tuesday, October 29th. The solar cell manufacturer reported $2.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.10 by ($0.19). First Solar had a net margin of 32.41% and a return on equity of 17.56%. The business had revenue of $887.70 million during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the firm posted $2.50 earnings per share. First Solar’s revenue for the quarter was up 10.7% compared to the same quarter last year. Sell-side analysts predict that First Solar, Inc. will post 13.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FSLR shares. Susquehanna cut their price target on First Solar from $280.00 to $252.00 and set a “positive” rating for the company in a report on Wednesday, October 30th. The Goldman Sachs Group cut their price target on First Solar from $311.00 to $279.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Morgan Stanley cut their price target on First Solar from $329.00 to $297.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Wells Fargo & Company cut their price target on First Solar from $240.00 to $209.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Finally, Barclays cut their price target on First Solar from $290.00 to $275.00 and set an “overweight” rating for the company in a report on Wednesday, November 13th. 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $277.75.

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.