E. Ohman J or Asset Management AB Has $27.06 Million Stock Holdings in First Solar, Inc. $FSLR

E. Ohman J or Asset Management AB grew its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 1.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 137,176 shares of the solar cell manufacturer’s stock after purchasing an additional 2,154 shares during the period. E. Ohman J or Asset Management AB’s holdings in First Solar were worth $27,059,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of FSLR. Apollon Wealth Management LLC increased its stake in First Solar by 1.2% in the 4th quarter. Apollon Wealth Management LLC now owns 3,606 shares of the solar cell manufacturer’s stock worth $942,000 after purchasing an additional 44 shares in the last quarter. Root Financial Partners LLC lifted its stake in First Solar by 18.2% during the fourth quarter. Root Financial Partners LLC now owns 292 shares of the solar cell manufacturer’s stock valued at $76,000 after buying an additional 45 shares in the last quarter. FIL Ltd lifted its stake in First Solar by 6.9% during the fourth quarter. FIL Ltd now owns 708 shares of the solar cell manufacturer’s stock valued at $185,000 after buying an additional 46 shares in the last quarter. Fielder Capital Group LLC lifted its stake in First Solar by 4.1% during the fourth quarter. Fielder Capital Group LLC now owns 1,196 shares of the solar cell manufacturer’s stock valued at $312,000 after buying an additional 47 shares in the last quarter. Finally, Burford Brothers Inc. boosted its holdings in shares of First Solar by 0.3% in the fourth quarter. Burford Brothers Inc. now owns 19,080 shares of the solar cell manufacturer’s stock worth $4,984,000 after buying an additional 48 shares during the period. Institutional investors and hedge funds own 92.08% of the company’s stock.

First Solar Price Performance

NASDAQ FSLR opened at $257.70 on Friday. First Solar, Inc. has a twelve month low of $139.26 and a twelve month high of $320.95. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.15 and a current ratio of 2.56. The stock has a market capitalization of $27.69 billion, a PE ratio of 16.65, a P/E/G ratio of 0.57 and a beta of 1.71. The stock has a 50-day simple moving average of $238.53 and a 200 day simple moving average of $233.45.

First Solar (NASDAQ:FSLR) last released its earnings results on Thursday, April 30th. The solar cell manufacturer reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.87 by $0.35. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. First Solar had a return on equity of 18.01% and a net margin of 30.73%.The company’s revenue was up 23.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.95 EPS. Research analysts anticipate that First Solar, Inc. will post 17.61 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Glj Research downgraded shares of First Solar from a “buy” rating to a “hold” rating and dropped their target price for the stock from $314.43 to $207.82 in a research report on Wednesday, March 4th. Mizuho upped their price target on shares of First Solar from $243.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, June 12th. Jefferies Financial Group decreased their price objective on shares of First Solar from $205.00 to $187.00 and set a “hold” rating for the company in a research note on Tuesday, April 7th. The Goldman Sachs Group lifted their price objective on shares of First Solar from $300.00 to $310.00 in a research report on Friday, May 1st. Finally, Robert W. Baird reissued a “neutral” rating and set a $205.00 target price (down from $264.00) on shares of First Solar in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $249.78.

Insider Activity at First Solar

In related news, insider Caroline Stockdale sold 10,628 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $275.60, for a total transaction of $2,929,076.80. Following the transaction, the insider owned 23,792 shares of the company’s stock, valued at approximately $6,557,075.20. The trade was a 30.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Georges Antoun sold 566 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $215.63, for a total transaction of $122,046.58. Following the transaction, the insider directly owned 19,918 shares in the company, valued at $4,294,918.34. This trade represents a 2.76% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 32,466 shares of company stock valued at $8,014,105. 0.39% of the stock is owned by corporate insiders.

First Solar Profile

First Solar, Inc (NASDAQ: FSLR) is a United States–based solar technology company best known for designing and manufacturing thin‑film photovoltaic (PV) modules that use cadmium telluride (CdTe) semiconductor technology. The company supplies PV modules and delivers integrated solar power solutions for utility‑scale projects, positioning itself as a provider of both components and complete solar energy systems rather than solely a parts supplier. First Solar was founded in 1999 and is headquartered in Tempe, Arizona.

Beyond module manufacturing, First Solar offers a range of project services including development support, engineering, procurement and construction (EPC) services, and operations and maintenance (O&M) for large-scale solar installations.