1,293 Shares in First Solar, Inc. $FSLR Acquired by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. purchased a new position in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,293 shares of the solar cell manufacturer's stock, valued at approximately $214,000.3 Stocks You Want to Keep in Case Oil RalliesSeveral other institutional investors and hedge funds have also bought and sold shares of FSLR. Cetera Investment Advisers lifted its holdings in First Solar by 10.9% in the 1st quarter. Cetera Investment Advisers now owns 25,437 shares of the solar cell manufacturer's stock worth $3,216,000 after buying an additional 2,510 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in First Solar by 396.5% in the 1st quarter. Oppenheimer & Co. Inc. now owns 11,777 shares of the solar cell manufacturer's stock worth $1,489,000 after buying an additional 9,405 shares during the period. Asset Management One Co. Ltd. lifted its holdings in First Solar by 7.1% in the 1st quarter. Asset Management One Co. Ltd. now owns 48,722 shares of the solar cell manufacturer's stock worth $6,160,000 after buying an additional 3,226 shares during the period. Vontobel Holding Ltd. lifted its holdings in First Solar by 14.2% in the 1st quarter. Vontobel Holding Ltd. now owns 189,320 shares of the solar cell manufacturer's stock worth $23,936,000 after buying an additional 23,528 shares during the period. Finally, Oakworth Capital Inc. lifted its holdings in First Solar by 24.7% in the 1st quarter. Oakworth Capital Inc. now owns 9,682 shares of the solar cell manufacturer's stock worth $1,224,000 after buying an additional 1,916 shares during the period. 92.08% of the stock is currently owned by institutional investors. Analyst Ratings ChangesSeveral research firms have weighed in on FSLR. Glj Research reiterated a "buy" rating and issued a $214.06 price objective (up previously from $172.53) on shares of First Solar in a report on Tuesday, August 12th. Wall Street Zen upgraded First Solar from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Hsbc Global Res upgraded First Solar to a "strong-buy" rating in a report on Friday, August 1st. Jefferies Financial Group increased their price objective on First Solar from $212.00 to $260.00 and gave the stock a "buy" rating in a report on Thursday, October 2nd. Finally, The Goldman Sachs Group raised their target price on First Solar from $283.00 to $293.00 and gave the company a "buy" rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $231.04.3 Stocks Positioned to Win With Strong Recurring Revenue StreamsGet Our Latest Report on FSLRInsiders Place Their BetsIn other First Solar news, CEO Mark R. Widmar sold 23,912 shares of First Solar stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $185.47, for a total transaction of $4,434,958.64. Following the completion of the transaction, the chief executive officer owned 87,978 shares in the company, valued at approximately $16,317,279.66. The trade was a 21.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Nathan B. Theurer sold 686 shares of First Solar stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $182.03, for a total value of $124,872.58. The disclosure for this sale can be found here. Insiders have sold 30,715 shares of company stock valued at $5,733,305 in the last quarter. 0.48% of the stock is owned by company insiders. First Solar Trading Down 3.6%5 Clean Energy Stocks Poised for the Next Green RallyFSLR opened at $225.91 on Friday. The stock has a market cap of $24.23 billion, a PE ratio of 19.33, a PEG ratio of 0.47 and a beta of 1.38. The company has a quick ratio of 1.41, a current ratio of 1.90 and a debt-to-equity ratio of 0.04. The business has a 50 day moving average of $206.10 and a 200-day moving average of $171.33. First Solar, Inc. has a 52 week low of $116.56 and a 52 week high of $237.20. First Solar (NASDAQ:FSLR - Get Free Report) last released its earnings results on Thursday, July 31st. The solar cell manufacturer reported $3.18 EPS for the quarter, beating analysts' consensus estimates of $2.68 by $0.50. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.03 billion. First Solar had a return on equity of 15.57% and a net margin of 28.95%.The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $3.25 EPS. First Solar has set its FY 2025 guidance at 13.500-16.500 EPS. Equities research analysts predict that First Solar, Inc. will post 13.05 earnings per share for the current fiscal year. First Solar Profile (Free Report)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.Recommended StoriesFive stocks we like better than First SolarWhat is the FTSE 100 index? 3 Heavily Shorted Stocks That Could Pop on Rate CutsWhy Are These Companies Considered Blue Chips?Broadcom Gets Second $420 Target as CPO Win Boosts Outlook2 Rising CRM Platform Stocks That Can Surge Higher in 2025 PepsiCo’s Deep Discount Will Soon Evaporate: Buy It While You CanThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in First Solar Right Now?Before you consider First Solar, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and First Solar wasn't on the list.While First Solar currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here