MML Investors Services LLC Has $2.09 Million Stock Holdings in First Solar, Inc. (NASDAQ:FSLR)

MML Investors Services LLC decreased its position in First Solar, Inc. (NASDAQ:FSLR) by 3.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,374 shares of the solar cell manufacturer’s stock after selling 344 shares during the period. MML Investors Services LLC’s holdings in First Solar were worth $2,089,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in FSLR. Electron Capital Partners LLC increased its holdings in shares of First Solar by 81,947.0% in the second quarter. Electron Capital Partners LLC now owns 7,669,757 shares of the solar cell manufacturer’s stock worth $1,729,223,000 after acquiring an additional 7,660,409 shares in the last quarter. State Street Corp increased its stake in First Solar by 2.2% during the 3rd quarter. State Street Corp now owns 4,956,633 shares of the solar cell manufacturer’s stock worth $1,236,383,000 after purchasing an additional 108,984 shares in the last quarter. Wellington Management Group LLP raised its holdings in First Solar by 75.8% during the 3rd quarter. Wellington Management Group LLP now owns 2,097,364 shares of the solar cell manufacturer’s stock worth $523,166,000 after buying an additional 904,498 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in First Solar by 0.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,743,813 shares of the solar cell manufacturer’s stock valued at $434,977,000 after buying an additional 15,890 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of First Solar by 7.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,330,675 shares of the solar cell manufacturer’s stock valued at $331,924,000 after buying an additional 90,249 shares during the period. Institutional investors and hedge funds own 92.08% of the company’s stock.

First Solar Price Performance

Shares of FSLR opened at $190.53 on Tuesday. The firm has a market capitalization of $20.40 billion, a PE ratio of 16.41, a PEG ratio of 0.35 and a beta of 1.46. 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 company’s 50-day moving average is $198.76 and its 200-day moving average is $222.46. First Solar, Inc. has a fifty-two week low of $135.88 and a fifty-two week high of $306.77.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings data on Tuesday, October 29th. The solar cell manufacturer reported $2.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.10 by ($0.19). First Solar had a return on equity of 17.56% and a net margin of 32.41%. The company had revenue of $887.70 million for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business earned $2.50 earnings per share. The company’s revenue was up 10.7% on a year-over-year basis. Equities analysts forecast that First Solar, Inc. will post 13.15 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on FSLR shares. Hsbc Global Res upgraded shares of First Solar to a “strong-buy” rating in a report on Wednesday, October 9th. Barclays dropped their price target on First Solar from $290.00 to $275.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 13th. BMO Capital Markets reaffirmed an “outperform” rating and set a $260.00 price objective (down from $286.00) on shares of First Solar in a research report on Wednesday, October 30th. William Blair started coverage on First Solar in a research report on Thursday, August 29th. They issued a “market perform” rating on the stock. Finally, Janney Montgomery Scott upgraded 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. Four investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $280.71.

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.