Hartline Investment Corp Has $337,000 Holdings in First Solar, Inc. (NASDAQ:FSLR)

Hartline Investment Corp lessened its position in shares of First Solar, Inc. (NASDAQ:FSLR) by 6.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,912 shares of the solar cell manufacturer’s stock after selling 138 shares during the quarter. Hartline Investment Corp’s holdings in First Solar were worth $337,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. AlphaMark Advisors LLC acquired a new stake in First Solar during the 3rd quarter valued at approximately $25,000. Strengthening Families & Communities LLC acquired a new stake in shares of First Solar during the 3rd quarter worth approximately $25,000. Kennebec Savings Bank acquired a new stake in shares of First Solar during the 3rd quarter worth approximately $29,000. Larson Financial Group LLC grew its position in shares of 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 buying an additional 107 shares during the period. Finally, Sound Income Strategies LLC grew its position in shares of 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 buying an additional 200 shares during the period. Institutional investors and hedge funds own 92.08% of the company’s stock.

First Solar Stock Performance

Shares of FSLR stock opened at $162.89 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.44 and a current ratio of 2.14. First Solar, Inc. has a fifty-two week low of $141.70 and a fifty-two week high of $306.77. The stock has a 50 day moving average price of $183.24 and a two-hundred day moving average price of $203.69. The company has a market capitalization of $17.44 billion, a P/E ratio of 14.03, a PEG ratio of 0.19 and a beta of 1.47.

Analyst Ratings Changes

Several brokerages have recently commented on FSLR. Susquehanna reduced their price objective on shares of First Solar from $280.00 to $252.00 and set a “positive” rating for the company in a research report on Wednesday, October 30th. The Goldman Sachs Group reduced their price objective on shares of First Solar from $311.00 to $279.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Bank of America reduced their price objective on shares of First Solar from $246.00 to $236.00 and set a “buy” rating for the company in a research report on Tuesday, January 28th. Barclays reduced their price target on shares of First Solar from $275.00 to $273.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Finally, Morgan Stanley reduced their price target on shares of First Solar from $329.00 to $297.00 and set an “overweight” rating for the company in a research 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 company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $276.29.

First Solar Company 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.