Clean Yield Group cut its position in shares of First Solar, Inc. (NASDAQ:FSLR) by 1.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,155 shares of the solar cell manufacturer’s stock after selling 195 shares during the period. Clean Yield Group’s holdings in First Solar were worth $1,136,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Bartlett & Co. LLC acquired a new position in shares of First Solar during the 2nd quarter worth about $25,000. Barrett Asset Management LLC grew its stake in First Solar by 150.0% in the 2nd quarter. Barrett Asset Management LLC now owns 625 shares of the solar cell manufacturer’s stock valued at $31,000 after buying an additional 375 shares during the last quarter. Glenmede Trust Co. NA grew its stake in First Solar by 237.0% in the 2nd quarter. Glenmede Trust Co. NA now owns 792 shares of the solar cell manufacturer’s stock valued at $39,000 after buying an additional 557 shares during the last quarter. Cullen Frost Bankers Inc. grew its stake in First Solar by 238.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,335 shares of the solar cell manufacturer’s stock valued at $66,000 after buying an additional 940 shares during the last quarter. Finally, Citizens Financial Group Inc RI grew its stake in First Solar by 149.2% in the 2nd quarter. Citizens Financial Group Inc RI now owns 1,378 shares of the solar cell manufacturer’s stock valued at $68,000 after buying an additional 825 shares during the last quarter. Institutional investors own 60.90% of the company’s stock.

FSLR has been the topic of a number of research reports. BofA Securities lowered shares of First Solar from a “buy” rating to a “neutral” rating and set a $88.00 price target on the stock. in a research note on Friday. BidaskClub lowered shares of First Solar from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 19th. JMP Securities upped their price target on shares of First Solar from $57.00 to $91.00 in a research note on Friday, August 28th. Roth Capital upped their price target on shares of First Solar from $56.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Finally, Bank of America lowered shares of First Solar from a “buy” rating to a “neutral” rating and set a $88.00 target price on the stock. in a research report on Friday. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $68.56.

Shares of First Solar stock traded up $1.90 on Friday, reaching $84.18. 3,270,855 shares of the stock were exchanged, compared to its average volume of 1,793,169. The firm’s 50 day moving average is $71.32 and its 200-day moving average is $56.58. First Solar, Inc. has a one year low of $28.47 and a one year high of $85.66. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.96 and a current ratio of 3.66. The firm has a market cap of $8.92 billion, a PE ratio of 90.52, a P/E/G ratio of 1.56 and a beta of 1.55.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings results on Thursday, August 6th. The solar cell manufacturer reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.07. First Solar had a net margin of 3.17% and a return on equity of 7.18%. The company had revenue of $642.41 million during the quarter, compared to the consensus estimate of $490.53 million. During the same quarter in the prior year, the firm posted ($0.18) EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. On average, equities research analysts expect that First Solar, Inc. will post 2.89 EPS for the current fiscal year.

In related news, CEO Mark R. Widmar sold 79,918 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $73.31, for a total value of $5,858,788.58. Following the completion of the transaction, the chief executive officer now owns 150,008 shares of the company’s stock, valued at approximately $10,997,086.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Lukas T. Walton sold 8,649,074 shares of the stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $68.50, for a total transaction of $592,461,569.00. Following the completion of the transaction, the insider now directly owns 13,841,358 shares of the company’s stock, valued at approximately $948,133,023. The disclosure for this sale can be found here. In the last three months, insiders sold 8,730,642 shares of company stock valued at $598,445,989. 0.54% of the stock is owned by insiders.

First Solar Profile

First Solar, Inc provides photovoltaic (PV) solar energy solutions in the United States and internationally. It operates in two segments, Modules and Systems. The Modules segment designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity to integrators and operators of PV solar power systems.

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

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