First Solar, Inc. $FSLR Shares Sold by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC trimmed its holdings in First Solar, Inc. (NASDAQ:FSLR) by 47.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,263 shares of the solar cell manufacturer’s stock after selling 20,331 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in First Solar were worth $4,910,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FSLR. Strategic Wealth Investment Group LLC acquired a new stake in shares of First Solar in the 2nd quarter worth $26,000. Hantz Financial Services Inc. raised its stake in First Solar by 69.4% during the second quarter. Hantz Financial Services Inc. now owns 183 shares of the solar cell manufacturer’s stock worth $30,000 after purchasing an additional 75 shares during the period. Total Investment Management Inc. acquired a new position in First Solar in the 2nd quarter valued at about $36,000. NBT Bank N A NY boosted its holdings in First Solar by 550.0% in the 3rd quarter. NBT Bank N A NY now owns 221 shares of the solar cell manufacturer’s stock valued at $49,000 after purchasing an additional 187 shares during the last quarter. Finally, Mather Group LLC. purchased a new stake in shares of First Solar in the 3rd quarter valued at approximately $52,000. Institutional investors and hedge funds own 92.08% of the company’s stock.

First Solar Stock Performance

Shares of First Solar stock opened at $238.06 on Thursday. The business has a 50-day moving average of $254.04 and a 200 day moving average of $231.21. First Solar, Inc. has a 12 month low of $116.56 and a 12 month high of $285.99. The stock has a market capitalization of $25.55 billion, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 0.31 and a beta of 1.60. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.91 and a quick ratio of 1.55.

Insider Activity

In other news, Director Paul H. Stebbins sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $262.40, for a total value of $1,836,800.00. Following the completion of the transaction, the director owned 15,287 shares of the company’s stock, valued at approximately $4,011,308.80. This trade represents a 31.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.48% of the company’s stock.

Wall Street Analyst Weigh In

FSLR has been the topic of several analyst reports. Wells Fargo & Company lifted their price target on shares of First Solar from $270.00 to $285.00 and gave the company an “overweight” rating in a research report on Friday, December 19th. Mizuho lifted their target price on First Solar from $278.00 to $335.00 in a research report on Friday, October 31st. Robert W. Baird increased their price target on First Solar from $240.00 to $264.00 and gave the stock an “outperform” rating in a report on Monday, October 13th. Barclays restated an “overweight” rating and issued a $279.00 price objective on shares of First Solar in a report on Monday, November 3rd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $316.00 target price on shares of First Solar in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.