First Solar, Inc. (NASDAQ:FSLR) Shares Sold by Forum Financial Management LP

Forum Financial Management LP reduced its stake in First Solar, Inc. (NASDAQ:FSLRFree Report) by 11.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,119 shares of the solar cell manufacturer’s stock after selling 400 shares during the quarter. Forum Financial Management LP’s holdings in First Solar were worth $550,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Clear Harbor Asset Management LLC lifted its stake in First Solar by 0.6% during the fourth quarter. Clear Harbor Asset Management LLC now owns 9,210 shares of the solar cell manufacturer’s stock worth $1,623,000 after purchasing an additional 55 shares in the last quarter. Doliver Advisors LP lifted its stake in First Solar by 1.2% during the 4th quarter. Doliver Advisors LP now owns 4,713 shares of the solar cell manufacturer’s stock worth $831,000 after acquiring an additional 56 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in First Solar by 31.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 262 shares of the solar cell manufacturer’s stock valued at $47,000 after acquiring an additional 63 shares during the period. Independent Advisor Alliance grew its position in First Solar by 3.1% in the 4th quarter. Independent Advisor Alliance now owns 2,090 shares of the solar cell manufacturer’s stock valued at $368,000 after acquiring an additional 63 shares in the last quarter. Finally, Huntington National Bank increased its stake in First Solar by 15.3% during the fourth quarter. Huntington National Bank now owns 511 shares of the solar cell manufacturer’s stock worth $90,000 after purchasing an additional 68 shares during the period. Hedge funds and other institutional investors own 92.08% of the company’s stock.

First Solar Stock Performance

NASDAQ FSLR opened at $127.98 on Friday. First Solar, Inc. has a 52-week low of $116.56 and a 52-week high of $306.77. The business’s 50-day moving average price is $136.14 and its 200 day moving average price is $172.03. The company has a quick ratio of 1.44, a current ratio of 2.14 and a debt-to-equity ratio of 0.05. The firm has a market cap of $13.70 billion, a P/E ratio of 11.02, a P/E/G ratio of 0.19 and a beta of 1.48.

First Solar (NASDAQ:FSLRGet Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The solar cell manufacturer reported $3.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.81 by ($1.16). First Solar had a net margin of 32.41% and a return on equity of 17.56%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. On average, equities research analysts expect that First Solar, Inc. will post 13.05 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft set a $265.00 price objective on shares of First Solar in a report on Thursday, February 27th. Susquehanna cut their price objective on First Solar from $223.00 to $217.00 and set a “positive” rating on the stock in a research report on Monday, April 14th. BMO Capital Markets reiterated an “outperform” rating and issued a $230.00 target price (down from $260.00) on shares of First Solar in a report on Wednesday, February 26th. Wells Fargo & Company cut their price target on First Solar from $240.00 to $209.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Finally, Morgan Stanley decreased their price objective on First Solar from $297.00 to $238.00 and set an “overweight” rating for the company in a research note on Thursday, February 27th. Four analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, First Solar currently has an average rating of “Moderate Buy” and an average price target of $251.63.

Check Out Our Latest Research Report on FSLR

Insider Transactions at First Solar

In other First Solar news, CEO Mark R. Widmar sold 1,272 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $132.96, for a total transaction of $169,125.12. Following the sale, the chief executive officer now directly owns 109,000 shares in the company, valued at approximately $14,492,640. The trade was a 1.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Markus Gloeckler sold 380 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $133.75, for a total transaction of $50,825.00. Following the completion of the sale, the chief technology officer now owns 17,594 shares of the company’s stock, valued at $2,353,197.50. This trade represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 34,311 shares of company stock valued at $4,767,158. Corporate insiders own 0.48% of the company’s stock.

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.

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

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