Leibman Financial Services Inc. Buys 2,269 Shares of First Solar, Inc. (NASDAQ:FSLR)

Leibman Financial Services Inc. raised its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 15.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 17,226 shares of the solar cell manufacturer’s stock after purchasing an additional 2,269 shares during the quarter. First Solar accounts for about 2.2% of Leibman Financial Services Inc.’s investment portfolio, making the stock its 19th biggest position. Leibman Financial Services Inc.’s holdings in First Solar were worth $3,036,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. AlphaMark Advisors LLC acquired a new position in shares of First Solar in the 3rd quarter valued at $25,000. Strengthening Families & Communities LLC bought a new position in First Solar during the third quarter worth about $25,000. Kennebec Savings Bank acquired a new stake in First Solar during the third quarter valued at approximately $29,000. Itau Unibanco Holding S.A. bought a new stake in shares of First Solar in the 2nd quarter valued at approximately $38,000. Finally, Larson Financial Group LLC lifted its position in shares of First Solar by 214.0% during the 3rd quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock worth $39,000 after buying an additional 107 shares during the period. Institutional investors and hedge funds own 92.08% of the company’s stock.

Analysts Set New Price Targets

FSLR has been the topic of several analyst reports. The Goldman Sachs Group lowered their target price on shares of First Solar from $311.00 to $279.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Wells Fargo & Company reduced their target price on First Solar from $240.00 to $209.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Hsbc Global Res upgraded First Solar to a “strong-buy” rating in a research report on Wednesday, October 9th. Susquehanna lowered their target price on First Solar from $280.00 to $252.00 and set a “positive” rating for the company in a research note on Wednesday, October 30th. Finally, Mizuho decreased their price target on shares of First Solar from $274.00 to $257.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Four analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, First Solar presently has an average rating of “Moderate Buy” and an average target price of $277.75.

First Solar Price Performance

FSLR stock opened at $183.61 on Tuesday. The stock has a market cap of $19.66 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 0.35 and a beta of 1.49. First Solar, Inc. has a 1 year low of $135.88 and a 1 year high of $306.77. The stock has a 50-day moving average price of $191.07 and a two-hundred day moving average price of $210.62. 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 (NASDAQ:FSLR) last issued its quarterly earnings results on Tuesday, October 29th. The solar cell manufacturer reported $2.91 EPS for the quarter, missing the consensus estimate of $3.10 by ($0.19). The business had revenue of $887.70 million for the quarter, compared to the consensus estimate of $1.07 billion. First Solar had a return on equity of 17.56% and a net margin of 32.41%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the firm earned $2.50 earnings per share. Equities analysts forecast that First Solar, Inc. will post 13.15 EPS for the current fiscal year.

First Solar Company 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.