First Solar, Inc. (NASDAQ:FSLR) Shares Sold by Hanson & Doremus Investment Management

Hanson & Doremus Investment Management reduced its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,540 shares of the solar cell manufacturer’s stock after selling 276 shares during the quarter. Hanson & Doremus Investment Management’s holdings in First Solar were worth $1,858,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. AlphaMark Advisors LLC purchased a new stake in shares of First Solar in the 3rd quarter valued at about $25,000. Strengthening Families & Communities LLC purchased a new position in shares of First Solar during the third quarter worth approximately $25,000. Kennebec Savings Bank purchased a new stake in First Solar in the 3rd quarter valued at $29,000. Larson Financial Group LLC boosted its stake in First Solar by 214.0% during the 3rd quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock worth $39,000 after purchasing an additional 107 shares during the period. Finally, Sound Income Strategies LLC grew its position in First Solar by 555.6% during the 3rd quarter. Sound Income Strategies LLC now owns 236 shares of the solar cell manufacturer’s stock worth $59,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 92.08% of the company’s stock.

Analyst Ratings Changes

FSLR has been the topic of several recent research reports. Guggenheim restated a “buy” rating and issued a $335.00 price target on shares of First Solar in a research report on Wednesday, January 22nd. Robert W. Baird decreased their price target on First Solar from $307.00 to $267.00 and set an “outperform” rating for the company in a report on Wednesday, December 18th. Roth Mkm dropped their price objective on shares of First Solar from $320.00 to $280.00 and set a “buy” rating on the stock in a research note 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. Finally, Evercore ISI lowered their target price on shares of First Solar from $281.00 to $278.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $276.29.

First Solar Stock Up 3.6 %

Shares of NASDAQ FSLR opened at $166.01 on Thursday. The stock has a market capitalization of $17.77 billion, a PE ratio of 14.30, a P/E/G ratio of 0.20 and a beta of 1.49. The company has a quick ratio of 1.44, a current ratio of 2.14 and a debt-to-equity ratio of 0.05. The firm has a fifty day moving average of $187.57 and a 200-day moving average of $206.63. First Solar, Inc. has a 52-week low of $135.88 and a 52-week high of $306.77.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings results on Tuesday, October 29th. The solar cell manufacturer reported $2.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.10 by ($0.19). The firm had revenue of $887.70 million for the quarter, compared to analysts’ expectations of $1.07 billion. First Solar had a net margin of 32.41% and a return on equity of 17.56%. First Solar’s revenue was up 10.7% on a year-over-year basis. During the same period last year, the firm posted $2.50 EPS. On average, analysts anticipate that First Solar, Inc. will post 13.07 EPS for the current year.

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.