Todd Asset Management LLC Has $41.32 Million Holdings in First Solar, Inc. $FSLR

Todd Asset Management LLC boosted its position in First Solar, Inc. (NASDAQ:FSLR) by 18.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 187,376 shares of the solar cell manufacturer’s stock after buying an additional 28,817 shares during the period. Todd Asset Management LLC owned approximately 0.17% of First Solar worth $41,322,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. State of New Jersey Common Pension Fund D lifted its stake in shares of First Solar by 3.9% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 35,379 shares of the solar cell manufacturer’s stock valued at $7,802,000 after purchasing an additional 1,317 shares during the period. PNC Financial Services Group Inc. increased its holdings in First Solar by 6.6% in the third quarter. PNC Financial Services Group Inc. now owns 21,781 shares of the solar cell manufacturer’s stock worth $4,803,000 after purchasing an additional 1,340 shares in the last quarter. HighTower Advisors LLC lifted its stake in First Solar by 5.8% in the third quarter. HighTower Advisors LLC now owns 77,154 shares of the solar cell manufacturer’s stock valued at $17,015,000 after buying an additional 4,264 shares during the period. Abich Financial Wealth Management LLC bought a new position in shares of First Solar during the 3rd quarter worth approximately $123,000. Finally, Assetmark Inc. grew its position in shares of First Solar by 14.9% during the 3rd quarter. Assetmark Inc. now owns 448 shares of the solar cell manufacturer’s stock worth $99,000 after buying an additional 58 shares during the period. Institutional investors own 92.08% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on FSLR shares. Raymond James Financial initiated coverage on shares of First Solar in a research note on Monday, January 12th. They set a “market perform” rating on the stock. Seaport Research Partners raised their price target on shares of First Solar from $217.00 to $305.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. The Goldman Sachs Group reiterated a “buy” rating and set a $316.00 price target on shares of First Solar in a report on Friday, October 31st. DZ Bank downgraded shares of First Solar from a “strong-buy” rating to a “hold” rating in a report on Friday, October 31st. Finally, Guggenheim raised their price target on shares of First Solar from $289.00 to $312.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $275.61.

First Solar Stock Up 2.4%

Shares of NASDAQ FSLR opened at $225.65 on Monday. The stock has a market capitalization of $24.21 billion, a PE ratio of 17.33, a P/E/G ratio of 0.29 and a beta of 1.60. First Solar, Inc. has a one year low of $116.56 and a one year high of $285.99. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.91 and a quick ratio of 1.55. The business’s fifty day moving average price is $248.70 and its 200-day moving average price is $233.73.

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.