First Solar, Inc. (FSLR) Shares Bought by Dynamic Technology Lab Private Ltd
Dynamic Technology Lab Private Ltd boosted its holdings in First Solar, Inc. (NASDAQ:FSLR) by 16.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,100 shares of the solar cell manufacturer’s stock after buying an additional 2,466 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in First Solar were worth $785,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in FSLR. Morgan Stanley boosted its stake in shares of First Solar by 68.5% during the first quarter. Morgan Stanley now owns 330,709 shares of the solar cell manufacturer’s stock valued at $8,962,000 after purchasing an additional 134,447 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in shares of First Solar by 21.2% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 13,700 shares of the solar cell manufacturer’s stock valued at $371,000 after purchasing an additional 2,400 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of First Solar by 3.6% during the first quarter. Public Employees Retirement System of Ohio now owns 42,052 shares of the solar cell manufacturer’s stock valued at $1,140,000 after purchasing an additional 1,477 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of First Solar during the first quarter valued at about $629,000. Finally, Capstone Asset Management Co. boosted its stake in shares of First Solar by 3.6% during the second quarter. Capstone Asset Management Co. now owns 14,869 shares of the solar cell manufacturer’s stock valued at $593,000 after purchasing an additional 510 shares in the last quarter. 51.18% of the stock is currently owned by institutional investors and hedge funds.
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First Solar, Inc. (NASDAQ:FSLR) opened at $60.51 on Friday. First Solar, Inc. has a 1 year low of $25.56 and a 1 year high of $62.57. The company has a debt-to-equity ratio of 0.06, a quick ratio of 6.47 and a current ratio of 6.85. The stock has a market capitalization of $6,319.24, a PE ratio of 14.83 and a beta of 1.99.
First Solar (NASDAQ:FSLR) last issued its quarterly earnings data on Thursday, October 26th. The solar cell manufacturer reported $1.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.84 by $1.11. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $859.22 million. First Solar had a positive return on equity of 8.07% and a negative net margin of 14.70%. The firm’s revenue was up 59.5% compared to the same quarter last year. During the same period last year, the company earned $1.22 earnings per share. research analysts predict that First Solar, Inc. will post 2.47 EPS for the current fiscal year.
FSLR has been the topic of a number of recent research reports. Axiom Securities reissued a “buy” rating on shares of First Solar in a research note on Thursday, August 10th. Vetr raised First Solar from a “buy” rating to a “strong-buy” rating and set a $53.04 price target on the stock in a research note on Wednesday, October 11th. Deutsche Bank AG raised First Solar from a “hold” rating to a “buy” rating and lifted their price target for the company from $50.00 to $65.00 in a research note on Friday, September 15th. Needham & Company LLC upgraded First Solar from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Friday, October 27th. Finally, Zacks Investment Research upgraded First Solar from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Monday, October 2nd. Twelve equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. First Solar presently has a consensus rating of “Hold” and a consensus target price of $52.10.
First Solar Profile
First Solar, Inc is a provider of photovoltaic (PV) solar energy solutions. The Company designs, manufactures and sells PV solar modules with a thin-film semiconductor technology. The Company also develops, designs, constructs and sells PV solar power systems that primarily use the modules it manufactures.
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