First Solar, Inc. $FSLR Shares Acquired by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft lifted its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 35.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,964 shares of the solar cell manufacturer’s stock after purchasing an additional 2,887 shares during the period. Baader Bank Aktiengesellschaft’s holdings in First Solar were worth $2,413,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in First Solar by 0.4% during the second quarter. Vanguard Group Inc. now owns 13,257,849 shares of the solar cell manufacturer’s stock valued at $2,194,704,000 after buying an additional 57,507 shares in the last quarter. State Street Corp increased its holdings in shares of First Solar by 2.1% in the 2nd quarter. State Street Corp now owns 5,326,082 shares of the solar cell manufacturer’s stock valued at $881,680,000 after acquiring an additional 111,927 shares during the last quarter. Geode Capital Management LLC raised its position in shares of First Solar by 0.9% during the 2nd quarter. Geode Capital Management LLC now owns 2,857,848 shares of the solar cell manufacturer’s stock valued at $471,927,000 after acquiring an additional 26,476 shares in the last quarter. Viking Global Investors LP raised its position in shares of First Solar by 60.6% during the 2nd quarter. Viking Global Investors LP now owns 2,266,050 shares of the solar cell manufacturer’s stock valued at $375,122,000 after acquiring an additional 854,919 shares in the last quarter. Finally, Schroder Investment Management Group lifted its stake in First Solar by 3.7% during the second quarter. Schroder Investment Management Group now owns 1,350,084 shares of the solar cell manufacturer’s stock worth $223,493,000 after purchasing an additional 47,646 shares during the last quarter. 92.08% of the stock is owned by institutional investors.

First Solar Price Performance

NASDAQ FSLR opened at $226.24 on Wednesday. The company has a 50-day moving average price of $250.64 and a two-hundred day moving average price of $232.82. First Solar, Inc. has a 52 week low of $116.56 and a 52 week high of $285.99. The stock has a market cap of $24.28 billion, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 0.29 and a beta of 1.60. The company has a current ratio of 1.91, a quick ratio of 1.55 and a debt-to-equity ratio of 0.03.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Mizuho raised their price target on shares of First Solar from $278.00 to $335.00 in a research report on Friday, October 31st. DZ Bank lowered shares of First Solar from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 31st. Raymond James Financial started coverage on First Solar in a research note on Monday, January 12th. They issued a “market perform” rating for the company. Needham & Company LLC initiated coverage on First Solar in a report on Wednesday, October 22nd. They set a “buy” rating and a $286.00 target price for the company. Finally, KeyCorp reissued an “overweight” rating on shares of First Solar in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, First Solar presently has a consensus rating of “Moderate Buy” and an average price target of $275.94.

First Solar Company 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.