First Solar, Inc. (NASDAQ:FSLR) is Clean Energy Transition LLP’s 5th Largest Position

Clean Energy Transition LLP decreased its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 41.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 692,542 shares of the solar cell manufacturer’s stock after selling 494,104 shares during the period. First Solar comprises about 11.8% of Clean Energy Transition LLP’s holdings, making the stock its 5th largest position. Clean Energy Transition LLP owned approximately 0.65% of First Solar worth $119,311,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. AtonRa Partners increased its position 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 valued at $620,000 after purchasing an additional 79 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in First Solar by 0.5% during the third 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 during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in First Solar by 14.2% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 691 shares of the solar cell manufacturer’s stock worth $119,000 after acquiring an additional 86 shares during the period. Blue Trust Inc. boosted its stake in First Solar by 24.3% in the fourth quarter. Blue Trust Inc. now owns 445 shares of the solar cell manufacturer’s stock valued at $71,000 after acquiring an additional 87 shares during the last quarter. Finally, ABLE Financial Group LLC grew its position 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 valued at $248,000 after acquiring an additional 100 shares during the period. 92.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FSLR has been the topic of a number of research reports. Guggenheim lowered their price target on shares of First Solar from $359.00 to $356.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Wells Fargo & Company upgraded First Solar from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $187.00 to $250.00 in a research note on Friday, April 19th. DZ Bank cut First Solar from a “buy” rating to a “hold” rating and set a $270.00 price objective on the stock. in a research note on Wednesday, May 29th. JPMorgan Chase & Co. increased their target price on shares of First Solar from $240.00 to $262.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. Finally, Mizuho reiterated a “neutral” rating and issued a $274.00 target price (up previously from $209.00) on shares of First Solar in a research note on Thursday, May 30th. Four equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $255.84.

Insiders Place Their Bets

In other news, CFO Alexander R. Bradley sold 16,051 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $274.69, for a total value of $4,409,049.19. Following the completion of the transaction, the chief financial officer now owns 30,652 shares in the company, valued at approximately $8,419,797.88. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Alexander R. Bradley sold 16,051 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $274.69, for a total value of $4,409,049.19. Following the completion of the transaction, the chief financial officer now directly owns 30,652 shares in the company, valued at approximately $8,419,797.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Caroline Stockdale sold 12,406 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $205.00, for a total transaction of $2,543,230.00. Following the sale, the insider now directly owns 22,025 shares in the company, valued at approximately $4,515,125. The disclosure for this sale can be found here. In the last quarter, insiders have sold 56,519 shares of company stock worth $13,324,756. Company insiders own 0.58% of the company’s stock.

First Solar Trading Down 2.2 %

FSLR stock traded down $6.11 on Friday, reaching $267.34. The company’s stock had a trading volume of 2,555,180 shares, compared to its average volume of 2,383,365. The firm has a market cap of $28.62 billion, a PE ratio of 27.96, a PEG ratio of 0.36 and a beta of 1.48. The business has a fifty day simple moving average of $203.76 and a two-hundred day simple moving average of $172.52. First Solar, Inc. has a 12-month low of $129.21 and a 12-month high of $286.60. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.86 and a current ratio of 2.41.

First Solar (NASDAQ:FSLR) last posted its earnings results on Wednesday, May 1st. The solar cell manufacturer reported $2.20 EPS for the quarter, topping the consensus estimate of $1.90 by $0.30. First Solar had a net margin of 28.75% and a return on equity of 16.24%. The firm had revenue of $794.10 million during the quarter, compared to analysts’ expectations of $718.19 million. During the same period last year, the company posted $0.40 EPS. The company’s quarterly revenue was up 44.8% compared to the same quarter last year. As a group, research analysts forecast that First Solar, Inc. will post 13.55 EPS for the current year.

First Solar Company 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.