Are Hedge Funds Betting Against First Solar, Inc. (FSLR)?

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Vetr's price target points to a potential downside of 12.38% from the company's previous close. The New York-based Morgan Stanley has invested 0.01% in First Solar, Inc. On Tuesday, September 1 the stock rating was initiated by Barclays Capital with "Overweight". Roth Capital set a $80.00 price objective on shares of First Solar and gave the company a "buy" rating in a research note on Monday, December 25th.

There are 384 institutional holders with active positions, accounting for 53.16 million shares in total. (NASDAQ:AAPL), 40 have Buy rating, 1 Sell and 11 Hold. The third largest holder is Deutsche Bank Ag, which now holds $217.5 million worth of this stock and that ownership represents almost 2.73% of its market capitalization. Deutsche Bank raised First Solar from a "hold" rating to a "buy" rating and raised their price objective for the company from $50.00 to $65.00 in a research note on Friday, September 15th. The stock had a trading volume of 6,340,000 shares, compared to its average volume of 2,110,000.

The company now has an insider ownership of 0.4 Percent and Institutional ownership of 54.1 Percent. The firm has a market capitalization of $7,610.00, a P/E ratio of -18.33 and a beta of 2.04. BidaskClub lowered shares of First Solar from a "strong-buy" rating to a "buy" rating in a report on Saturday. Schroder Investment Management Group now owns 1,679,286 shares of the solar cell manufacturer's stock valued at $67,306,000 after purchasing an additional 1,666,064 shares during the last quarter. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $859.22 million. The return on assets stands at -6.3%, Return on Equity now is -8.1% and the Return on Investment value is -10.4%. The company's revenue was up 59.5% compared to the same quarter a year ago. First Trust Advisors LP now owns 1,420,890 shares of the solar cell manufacturer's stock valued at $56,111,000 after buying an additional 460,714 shares during the period. The stock grabbed 58 new institutional investments totaling 2,124,415 shares while 49 institutional investors sold out their entire positions totaling 4,049,288 shares.

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In the transaction dated August 08, 2017, the great number of shares disposed came courtesy the Chief Accounting Officer; Schumaker Bryan Robert disposed a total of 332 shares at an average price of $48.66, amounting to approximately $16,155. Following the completion of the transaction, the insider now directly owns 9,227 shares of the company's stock, valued at $646,443.62. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. $1.18M worth of stock was sold by KALETA PAUL J on Tuesday, August 1. Domini Impact Investments Llc owns 6,935 shares or 7.23% of their USA portfolio. The disclosure for this sale can be found here.

Several large investors have recently made changes to their positions in the company. Goldman Sachs downgraded First Solar, Inc. According to the latest data, the consensus recommendation for First Solar, Inc. The stock's average target of $37 is -46.87% below today's ($69.64) share price. Riverhead Capital Management LLC lifted its stake in First Solar by 82.6% during the second quarter. It also upped Yum China Hldgs Inc stake by 10,000 shares and now owns 1.11M shares. Tariffs haven't been determined yet, but customers looking to guarantee they aren't going to be subject to panels with tariffs booked over 6.7 GW of sales during 2017, a windfall for First Solar. (NASDAQ:FSLR)'s stock was 12.96%. Seaport Global upgraded the shares of FOE in report on Wednesday, January 13 to "Buy" rating. If you are accessing this news story on another website, it was copied illegally and republished in violation of USA & worldwide copyright and trademark laws. State Of Wisconsin Invest Board owns 0% invested in First Solar, Inc. The Company designs, manufactures and sells PV solar modules with a thin-film semiconductor technology. The Company also develops, designs, constructs and sells PV solar power systems that primarily use the modules it manufactures.

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