Bokf Na Has $332,000 Stock Holdings in First Solar, Inc. (NASDAQ:FSLR)

Bokf Na boosted its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 87,650.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,755 shares of the solar cell manufacturer’s stock after buying 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.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of First Solar during the fourth quarter worth $317,399,000. Demars Financial Group LLC raised its stake in shares of First Solar by 17,404.5% during the 4th quarter. Demars Financial Group LLC now owns 722,760 shares of the solar cell manufacturer’s stock worth $127,379,000 after purchasing an additional 718,631 shares in the last quarter. Mirova US LLC lifted its holdings in shares of First Solar by 961.0% during the 4th quarter. Mirova US LLC now owns 646,310 shares of the solar cell manufacturer’s stock valued at $113,906,000 after buying an additional 585,394 shares during the last quarter. Amundi grew its stake in shares of First Solar by 31.0% in the 4th quarter. Amundi now owns 1,805,244 shares of the solar cell manufacturer’s stock valued at $336,871,000 after buying an additional 426,797 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in First Solar by 30.7% in the fourth quarter. Northern Trust Corp now owns 1,248,552 shares of the solar cell manufacturer’s stock worth $220,045,000 after buying an additional 293,134 shares during the last quarter. 92.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on FSLR. Oppenheimer downgraded shares of First Solar from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 30th. Morgan Stanley set a $223.00 target price on shares of First Solar and gave the stock an “overweight” rating in a research report on Wednesday, April 23rd. StockNews.com cut First Solar from a “hold” rating to a “sell” rating in a research report on Friday, May 2nd. Susquehanna lowered their price objective on First Solar from $223.00 to $217.00 and set a “positive” rating on the stock in a report on Monday, April 14th. Finally, Piper Sandler reduced their target price on First Solar from $230.00 to $205.00 and set an “overweight” rating for the company in a report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $223.87.

First Solar Trading Up 5.2 %

Shares of FSLR stock opened at $140.74 on Friday. The firm has a fifty day moving average of $130.33 and a 200-day moving average of $163.77. The stock has a market cap of $15.09 billion, a price-to-earnings ratio of 12.12, a P/E/G ratio of 0.19 and a beta of 1.46. First Solar, Inc. has a 52-week low of $116.56 and a 52-week high of $306.77. 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 (NASDAQ:FSLR) last announced its quarterly earnings results on Tuesday, April 29th. The solar cell manufacturer reported $1.95 EPS for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.55). First Solar had a return on equity of 17.56% and a net margin of 32.41%. The business had revenue of $844.57 million for the quarter, compared to the consensus estimate of $863.11 million. During the same quarter in the prior year, the business earned $2.20 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities research analysts forecast that First Solar, Inc. will post 13.05 earnings per share for the current fiscal year.

Insider Activity at First Solar

In other First Solar news, CEO Mark R. Widmar sold 1,272 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $132.96, for a total value of $169,125.12. Following the transaction, the chief executive officer now directly owns 109,000 shares in the company, valued at $14,492,640. The trade was a 1.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Alexander R. Bradley sold 599 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $133.75, for a total transaction of $80,116.25. Following the sale, the chief financial officer now directly owns 45,717 shares in the company, valued at $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 have sold a total of 34,311 shares of company stock valued at $4,767,158 in the last 90 days. 0.48% of the stock is owned by corporate insiders.

About First Solar

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.