Kentucky Trust Co Makes New $98,000 Investment in First Solar, Inc. (NASDAQ:FSLR)

Kentucky Trust Co purchased a new position in shares of First Solar, Inc. (NASDAQ:FSLR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 555 shares of the solar cell manufacturer’s stock, valued at approximately $98,000.

A number of other institutional investors also recently bought and sold shares of FSLR. CWM LLC increased its holdings in shares of First Solar by 9.1% during the 3rd quarter. CWM LLC now owns 3,971 shares of the solar cell manufacturer’s stock valued at $991,000 after purchasing an additional 331 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of First Solar by 429.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,775 shares of the solar cell manufacturer’s stock valued at $443,000 after purchasing an additional 1,440 shares in the last quarter. Wesbanco Bank Inc. purchased a new position in shares of First Solar during the 3rd quarter valued at approximately $1,702,000. Creative Planning increased its holdings in shares of First Solar by 7.1% during the 3rd quarter. Creative Planning now owns 17,003 shares of the solar cell manufacturer’s stock valued at $4,241,000 after purchasing an additional 1,121 shares in the last quarter. Finally, HTLF Bank purchased a new position in shares of First Solar during the 3rd quarter valued at approximately $201,000. 92.08% of the stock is owned by hedge funds and other institutional investors.

First Solar Trading Down 1.9 %

Shares of FSLR opened at $158.61 on Thursday. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05. First Solar, Inc. has a 12-month low of $141.70 and a 12-month high of $306.77. The firm has a 50-day moving average price of $181.46 and a 200 day moving average price of $202.92. The firm has a market capitalization of $16.98 billion, a P/E ratio of 13.66, a P/E/G ratio of 0.19 and a beta of 1.47.

Analyst Ratings Changes

Several research firms have recently weighed in on FSLR. Mizuho raised shares of First Solar from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $218.00 to $259.00 in a report on Tuesday. Wells Fargo & Company cut their target price on shares of First Solar from $240.00 to $209.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Barclays dropped their price target on shares of First Solar from $275.00 to $273.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. BMO Capital Markets reissued an “outperform” rating and issued a $260.00 price target (down previously from $286.00) on shares of First Solar in a research note on Wednesday, October 30th. Finally, Susquehanna dropped their price target on shares of First Solar from $280.00 to $252.00 and set a “positive” rating on the stock in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $276.38.

First Solar Profile

First Solar, Inc, a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules.