Toronto Dominion Bank Grows Position in First Solar, Inc. (NASDAQ:FSLR)

Toronto Dominion Bank raised its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 68.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 60,083 shares of the solar cell manufacturer’s stock after purchasing an additional 24,312 shares during the period. Toronto Dominion Bank’s holdings in First Solar were worth $14,987,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. AlphaMark Advisors LLC acquired a new stake in shares of First Solar during the 3rd quarter worth $25,000. Strengthening Families & Communities LLC purchased a new stake in First Solar during the third quarter valued at about $25,000. Kennebec Savings Bank acquired a new stake in First Solar during the third quarter worth about $29,000. Atlas Capital Advisors LLC raised its holdings in shares of First Solar by 411.1% in the 2nd quarter. Atlas Capital Advisors LLC now owns 138 shares of the solar cell manufacturer’s stock worth $31,000 after purchasing an additional 111 shares during the period. Finally, Summit Securities Group LLC acquired a new position in shares of First Solar in the 2nd quarter valued at about $36,000. Hedge funds and other institutional investors own 92.08% of the company’s stock.

First Solar Price Performance

Shares of NASDAQ FSLR opened at $196.32 on Friday. The business has a 50 day simple moving average of $200.17 and a 200-day simple moving average of $224.38. First Solar, Inc. has a twelve month low of $135.88 and a twelve month high of $306.77. The company has a market capitalization of $21.02 billion, a price-to-earnings ratio of 16.91, a price-to-earnings-growth ratio of 0.34 and a beta of 1.46. 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 earnings results on Tuesday, October 29th. The solar cell manufacturer reported $2.91 earnings per share for the quarter, missing analysts’ consensus estimates of $3.10 by ($0.19). First Solar had a return on equity of 17.56% and a net margin of 32.41%. The business had revenue of $887.70 million for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the company posted $2.50 earnings per share. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. As a group, equities research analysts expect that First Solar, Inc. will post 13.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on FSLR shares. Janney Montgomery Scott raised shares of First Solar from a “neutral” rating to a “buy” rating and set a $260.00 target price for the company in a research report on Tuesday, October 29th. The Goldman Sachs Group dropped their price objective on shares of First Solar from $311.00 to $279.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. BMO Capital Markets reaffirmed an “outperform” rating and set a $260.00 price target (down from $286.00) on shares of First Solar in a research report on Wednesday, October 30th. William Blair initiated coverage on First Solar in a research report on Thursday, August 29th. They issued a “market perform” rating on the stock. Finally, Hsbc Global Res raised First Solar to a “strong-buy” rating in a research report on Wednesday, October 9th. Four equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, First Solar presently has an average rating of “Moderate Buy” and a consensus target price 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.