Nwam LLC Invests $728,000 in First Solar, Inc. $FSLR

Nwam LLC bought a new position in shares of First Solar, Inc. (NASDAQ:FSLRFree Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 3,691 shares of the solar cell manufacturer’s stock, valued at approximately $728,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Apollon Wealth Management LLC boosted its position in First Solar by 1.2% in the fourth quarter. Apollon Wealth Management LLC now owns 3,606 shares of the solar cell manufacturer’s stock valued at $942,000 after buying an additional 44 shares in the last quarter. Root Financial Partners LLC increased its holdings in shares of First Solar by 18.2% during the fourth quarter. Root Financial Partners LLC now owns 292 shares of the solar cell manufacturer’s stock worth $76,000 after buying an additional 45 shares in the last quarter. FIL Ltd raised its stake in shares of First Solar by 6.9% in the fourth quarter. FIL Ltd now owns 708 shares of the solar cell manufacturer’s stock valued at $185,000 after acquiring an additional 46 shares during the last quarter. Fielder Capital Group LLC raised its stake in shares of First Solar by 4.1% in the fourth quarter. Fielder Capital Group LLC now owns 1,196 shares of the solar cell manufacturer’s stock valued at $312,000 after acquiring an additional 47 shares during the last quarter. Finally, Burford Brothers Inc. boosted its holdings in shares of First Solar by 0.3% in the 4th quarter. Burford Brothers Inc. now owns 19,080 shares of the solar cell manufacturer’s stock worth $4,984,000 after acquiring an additional 48 shares in the last quarter. 92.08% of the stock is owned by institutional investors.

First Solar Stock Performance

FSLR stock opened at $211.93 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.56 and a quick ratio of 2.15. The company has a 50 day moving average price of $251.39 and a 200 day moving average price of $229.14. First Solar, Inc. has a fifty-two week low of $167.60 and a fifty-two week high of $320.95. The stock has a market capitalization of $22.77 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 0.50 and a beta of 1.73.

First Solar (NASDAQ:FSLRGet Free Report) last posted its quarterly earnings data on Thursday, April 30th. The solar cell manufacturer reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.35. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. First Solar had a return on equity of 18.01% and a net margin of 30.73%.The business’s revenue for the quarter was up 23.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.95 EPS. Analysts forecast that First Solar, Inc. will post 17.54 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on FSLR shares. HSBC increased their price target on First Solar from $211.00 to $231.00 and gave the stock a “hold” rating in a research report on Tuesday, May 5th. Morgan Stanley boosted their price objective on First Solar from $230.00 to $245.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Zacks Research upgraded First Solar from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Freedom Capital upgraded First Solar from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Finally, Susquehanna lifted their price target on First Solar from $250.00 to $270.00 and gave the company a “positive” rating in a report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $256.41.

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First Solar News Roundup

Here are the key news stories impacting First Solar this week:

Insider Buying and Selling at First Solar

In other First Solar news, insider Caroline Stockdale sold 10,628 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $275.60, for a total transaction of $2,929,076.80. Following the completion of the sale, the insider directly 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mark R. Widmar sold 9,926 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $233.21, for a total transaction of $2,314,842.46. Following the transaction, the chief executive officer owned 95,148 shares in the company, valued at approximately $22,189,465.08. The trade was a 9.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 31,893 shares of company stock valued at $7,893,775 over the last ninety days. Company insiders own 0.39% of the company’s stock.

About First Solar

(Free Report)

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.

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Institutional Ownership by Quarter for First Solar (NASDAQ:FSLR)

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