Bradley Foster & Sargent Inc. CT Cuts Stock Position in First Solar, Inc. (NASDAQ:FSLR)

Bradley Foster & Sargent Inc. CT decreased its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 6.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,806 shares of the solar cell manufacturer’s stock after selling 1,169 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in First Solar were worth $3,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning lifted its holdings in First Solar by 7.1% during the third 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. Blue Trust Inc. lifted its stake in First Solar by 88.5% in the 3rd quarter. Blue Trust Inc. now owns 769 shares of the solar cell manufacturer’s stock valued at $192,000 after buying an additional 361 shares in the last quarter. Raymond James & Associates boosted its holdings in First Solar by 10.1% in the 3rd quarter. Raymond James & Associates now owns 13,040 shares of the solar cell manufacturer’s stock worth $3,253,000 after buying an additional 1,197 shares during the last quarter. Foundations Investment Advisors LLC purchased a new stake in First Solar during the 3rd quarter worth approximately $441,000. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of First Solar by 5.6% during the third quarter. Sequoia Financial Advisors LLC now owns 1,585 shares of the solar cell manufacturer’s stock valued at $395,000 after acquiring an additional 84 shares during the last quarter. Institutional investors and hedge funds own 92.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on FSLR shares. Seaport Res Ptn raised First Solar from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Susquehanna reduced their target price on shares of First Solar from $280.00 to $252.00 and set a “positive” rating for the company in a research report on Wednesday, October 30th. Morgan Stanley lowered their price target on shares of First Solar from $329.00 to $297.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Wells Fargo & Company dropped their price objective on shares of First Solar from $240.00 to $209.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Finally, Janney Montgomery Scott raised shares of First Solar from a “neutral” rating to a “buy” rating and set a $260.00 target price on the stock in a research note on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, First Solar currently has an average rating of “Buy” and a consensus price target of $276.38.

First Solar Stock Performance

NASDAQ FSLR opened at $155.39 on Friday. The company has a market cap of $16.64 billion, a P/E ratio of 13.38, a P/E/G ratio of 0.18 and a beta of 1.47. First Solar, Inc. has a 1-year low of $141.70 and a 1-year high of $306.77. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.14 and a quick ratio of 1.44. The stock has a 50-day moving average of $176.11 and a two-hundred day moving average of $200.39.

About First Solar

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.