Bokf Na Raises Stock Position in First Solar, Inc. (NASDAQ:FSLR)

Bokf Na increased its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 87,650.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,755 shares of the solar cell manufacturer’s stock after purchasing an additional 1,753 shares during the period. Bokf Na’s holdings in First Solar were worth $332,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. BROOKFIELD Corp ON raised its stake in shares of First Solar by 25.4% during the fourth quarter. BROOKFIELD Corp ON now owns 16,910 shares of the solar cell manufacturer’s stock valued at $2,980,000 after purchasing an additional 3,425 shares during the period. Blackstone Inc. purchased a new stake in First Solar during the 4th quarter worth $208,000. Brevan Howard Capital Management LP purchased a new position in First Solar in the 4th quarter valued at about $644,000. Caxton Associates LP grew its stake in shares of First Solar by 2,700.0% during the fourth quarter. Caxton Associates LP now owns 70,000 shares of the solar cell manufacturer’s stock valued at $12,337,000 after acquiring an additional 67,500 shares in the last quarter. Finally, Banque Transatlantique SA purchased a new stake in shares of First Solar during the fourth quarter worth about $53,000. 92.08% of the stock is currently owned by institutional investors and hedge funds.

First Solar Stock Up 5.2 %

First Solar stock opened at $140.74 on Friday. First Solar, Inc. has a 52 week low of $116.56 and a 52 week high of $306.77. The stock has a market cap of $15.09 billion, a price-to-earnings ratio of 12.12, a PEG ratio of 0.19 and a beta of 1.46. The company’s 50-day moving average price is $130.33 and its two-hundred day moving average price is $163.77. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05.

First Solar (NASDAQ:FSLR) last announced its earnings results on Tuesday, April 29th. The solar cell manufacturer reported $1.95 EPS for the quarter, missing the consensus estimate of $2.50 by ($0.55). The firm had revenue of $844.57 million for the quarter, compared to the consensus estimate of $863.11 million. First Solar had a return on equity of 17.56% and a net margin of 32.41%. First Solar’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.20 EPS. On average, analysts expect that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. UBS Group lowered their price objective on First Solar from $240.00 to $235.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. BMO Capital Markets dropped their price target on shares of First Solar from $200.00 to $187.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. The Goldman Sachs Group reduced their price objective on shares of First Solar from $235.00 to $204.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Seaport Res Ptn upgraded shares of First Solar from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Finally, Deutsche Bank Aktiengesellschaft set a $265.00 price target on First Solar in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, First Solar currently has a consensus rating of “Moderate Buy” and a consensus price target of $223.87.

Insider Activity at First Solar

In other First Solar news, CEO Mark R. Widmar sold 1,272 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $132.96, for a total value of $169,125.12. Following the transaction, the chief executive officer now owns 109,000 shares of the company’s stock, valued at approximately $14,492,640. This represents a 1.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Alexander R. Bradley sold 599 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $133.75, for a total value of $80,116.25. Following the sale, the chief financial officer now directly owns 45,717 shares of the company’s stock, valued at approximately $6,114,648.75. This represents a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,311 shares of company stock valued at $4,767,158 over the last 90 days. 0.48% of the stock is currently owned by corporate insiders.

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.