ProShare Advisors LLC Acquires 23,238 Shares of First Solar, Inc. $FSLR

ProShare Advisors LLC raised its holdings in First Solar, Inc. (NASDAQ:FSLR) by 99.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 46,668 shares of the solar cell manufacturer’s stock after acquiring an additional 23,238 shares during the quarter. ProShare Advisors LLC’s holdings in First Solar were worth $10,292,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Woodline Partners LP lifted its stake in shares of First Solar by 40.7% in the 1st quarter. Woodline Partners LP now owns 9,044 shares of the solar cell manufacturer’s stock valued at $1,143,000 after purchasing an additional 2,615 shares during the period. Blair William & Co. IL increased its holdings in First Solar by 5.7% in the second quarter. Blair William & Co. IL now owns 7,596 shares of the solar cell manufacturer’s stock valued at $1,257,000 after purchasing an additional 413 shares during the last quarter. Callan Family Office LLC bought a new stake in First Solar in the second quarter valued at about $244,000. Vanguard Personalized Indexing Management LLC lifted its stake in First Solar by 34.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,635 shares of the solar cell manufacturer’s stock valued at $2,423,000 after buying an additional 3,716 shares during the period. Finally, CWM LLC boosted its holdings in First Solar by 2,116.8% during the second quarter. CWM LLC now owns 45,489 shares of the solar cell manufacturer’s stock worth $7,530,000 after buying an additional 43,437 shares during the last quarter. Institutional investors and hedge funds own 92.08% of the company’s stock.

First Solar Price Performance

FSLR stock opened at $227.74 on Thursday. The stock has a 50-day moving average price of $250.08 and a two-hundred day moving average price of $232.78. First Solar, Inc. has a 1 year low of $116.56 and a 1 year high of $285.99. The stock has a market cap of $24.44 billion, a PE ratio of 17.49, 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.

Analyst Ratings Changes

Several research firms have recently issued reports on FSLR. Bank of America decreased their target price on First Solar from $291.00 to $271.00 and set a “buy” rating for the company in a research report on Thursday, January 22nd. Seaport Research Partners boosted their price objective on shares of First Solar from $217.00 to $305.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Raymond James Financial began coverage on shares of First Solar in a research note on Monday, January 12th. They issued a “market perform” rating for the company. Wolfe Research increased their target price on shares of First Solar from $232.00 to $247.00 in a report on Friday, October 31st. Finally, Mizuho decreased their price target on shares of First Solar from $335.00 to $326.00 and set an “outperform” rating for the company in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $275.61.

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.