Green Alpha Advisors LLC Has $1.61 Million Position in First Solar, Inc. (NASDAQ:FSLR)

Green Alpha Advisors LLC lowered its position in First Solar, Inc. (NASDAQ:FSLRFree Report) by 0.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,520 shares of the solar cell manufacturer’s stock after selling 56 shares during the quarter. First Solar accounts for approximately 1.2% of Green Alpha Advisors LLC’s investment portfolio, making the stock its 26th largest position. Green Alpha Advisors LLC’s holdings in First Solar were worth $1,607,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AtonRa Partners boosted its holdings in shares of First Solar by 2.2% during the 4th quarter. AtonRa Partners now owns 3,600 shares of the solar cell manufacturer’s stock worth $620,000 after buying an additional 79 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of First Solar by 0.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 18,634 shares of the solar cell manufacturer’s stock worth $3,011,000 after buying an additional 85 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of First Solar by 14.2% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 691 shares of the solar cell manufacturer’s stock worth $119,000 after buying an additional 86 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of First Solar by 24.3% during the 4th quarter. Blue Trust Inc. now owns 445 shares of the solar cell manufacturer’s stock worth $71,000 after buying an additional 87 shares in the last quarter. Finally, ABLE Financial Group LLC boosted its holdings in shares of First Solar by 7.5% during the 4th quarter. ABLE Financial Group LLC now owns 1,440 shares of the solar cell manufacturer’s stock worth $248,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 92.08% of the company’s stock.

Insider Activity at First Solar

In related news, CTO Markus Gloeckler sold 1,937 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $175.00, for a total value of $338,975.00. Following the sale, the chief technology officer now directly owns 12,536 shares in the company, valued at approximately $2,193,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Alexander R. Bradley sold 16,051 shares of the company’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $274.69, for a total transaction of $4,409,049.19. Following the sale, the chief financial officer now directly owns 30,652 shares in the company, valued at $8,419,797.88. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CTO Markus Gloeckler sold 1,937 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $175.00, for a total value of $338,975.00. Following the sale, the chief technology officer now owns 12,536 shares in the company, valued at $2,193,800. The disclosure for this sale can be found here. In the last three months, insiders have sold 56,269 shares of company stock worth $13,287,671. Company insiders own 0.58% of the company’s stock.

Wall Street Analysts Forecast Growth

FSLR has been the topic of a number of research analyst reports. Mizuho restated a “neutral” rating and set a $274.00 price target (up from $209.00) on shares of First Solar in a report on Thursday, May 30th. Barclays increased their target price on First Solar from $227.00 to $228.00 and gave the stock an “overweight” rating in a report on Wednesday, May 15th. Oppenheimer increased their target price on First Solar from $271.00 to $325.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Bank of America increased their target price on First Solar from $187.00 to $194.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Finally, BMO Capital Markets increased their target price on First Solar from $224.00 to $311.00 and gave the stock an “outperform” rating in a report on Monday, June 10th. Five research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat, First Solar presently has an average rating of “Moderate Buy” and a consensus target price of $265.72.

View Our Latest Stock Analysis on FSLR

First Solar Stock Performance

Shares of NASDAQ FSLR traded down $2.30 during mid-day trading on Thursday, reaching $260.07. 2,812,241 shares of the company’s stock were exchanged, compared to its average volume of 2,458,407. The firm has a market capitalization of $27.84 billion, a price-to-earnings ratio of 27.05, a price-to-earnings-growth ratio of 0.34 and a beta of 1.48. First Solar, Inc. has a 52 week low of $129.21 and a 52 week high of $306.77. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.41 and a quick ratio of 1.86. The firm has a 50-day moving average price of $222.23 and a two-hundred day moving average price of $180.16.

First Solar (NASDAQ:FSLRGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The solar cell manufacturer reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.30. First Solar had a return on equity of 16.24% and a net margin of 28.75%. The business had revenue of $794.10 million for the quarter, compared to analysts’ expectations of $718.19 million. During the same period in the previous year, the business posted $0.40 EPS. The firm’s quarterly revenue was up 44.8% compared to the same quarter last year. Analysts predict that First Solar, Inc. will post 13.6 EPS for the current year.

About First Solar

(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.

See Also

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Institutional Ownership by Quarter for First Solar (NASDAQ:FSLR)

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