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Schroder Investment Management Group boosted its stake in First Solar despite the company's recent earnings miss.
Schroder Investment Management Group increased its stake in First Solar by 7.4%, now owning 1.26% of the company with a $237.41 million holding.
Despite First Solar's recent earnings miss, where it reported an EPS of $3.65 compared to analysts' estimates of $4.81, the company's stock is forecasted to post 13.05 earnings per share for the year.
First Solar's market cap stands at $13.63 billion, with a P/E ratio of 10.97.
The stock opened at $127.32 on Friday, with a "Moderate Buy" rating and a target price of $262.08.
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Schroder Investment Management Group aumentó su participación en First Solar a pesar de la reciente pérdida de ganancias de la compañía.