Mediolanum International Funds Ltd Has $4.35 Million Stock Position in First Solar, Inc. (NASDAQ:FSLR)

Mediolanum International Funds Ltd increased its position in shares of First Solar, Inc. (NASDAQ:FSLR) by 56.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,472 shares of the solar cell manufacturer’s stock after acquiring an additional 8,796 shares during the quarter. Mediolanum International Funds Ltd’s holdings in First Solar were worth $4,347,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. AlphaMark Advisors LLC acquired a new position in First Solar during the 3rd quarter valued at about $25,000. Strengthening Families & Communities LLC bought a new stake in shares of First Solar during the third quarter worth approximately $25,000. Kennebec Savings Bank acquired a new position in First Solar in the third quarter valued at approximately $29,000. Larson Financial Group LLC boosted its stake in First Solar by 214.0% in the third quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock valued at $39,000 after acquiring an additional 107 shares during the last quarter. Finally, Crews Bank & Trust acquired a new stake in First Solar during the 4th quarter worth $53,000. Institutional investors own 92.08% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on FSLR shares. Bank of America reduced their price target on First Solar from $246.00 to $236.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. BMO Capital Markets restated an “outperform” rating and set a $260.00 target price (down previously from $286.00) on shares of First Solar in a report on Wednesday, October 30th. Piper Sandler upped their price target on First Solar from $210.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. Mizuho reduced their price objective on shares of First Solar from $274.00 to $257.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Finally, Morgan Stanley decreased their price objective on shares of First Solar from $329.00 to $297.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $276.29.

First Solar Stock Up 0.1 %

NASDAQ:FSLR opened at $167.52 on Friday. The firm has a market capitalization of $17.93 billion, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 0.19 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. First Solar, Inc. has a twelve month low of $135.88 and a twelve month high of $306.77. The stock’s 50 day moving average price is $186.89 and its two-hundred day moving average price is $205.93.

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.