Vetr lowered shares of First Solar, Inc.
A number of other institutional investors have also modified their holdings of the stock. Clear Harbor Asset Management LLC raised its position in shares of First Solar by 0.5% during the second quarter. Intellectus Partners LLC now owns 17,450 shares of the solar cell manufacturer’s stock worth $696,000 after acquiring an additional 200 shares during the last quarter.
As analysts monitor volatile markets in recent weeks they have updated their price targets on shares of First Solar, Inc. Public Employees Retirement Association of Colorado now owns 15,100 shares of the solar cell manufacturer’s stock worth $602,000 after purchasing an additional 165 shares in the last quarter. State Treasurer State of MI now owns 754,373 shares of the solar cell manufacturer’s stock valued at $30,084,000 after buying an additional 375,500 shares during the period. Finally, Amalgamated Bank lifted its stake in First Solar by 1.9% in the first quarter. BlackRock Inc. now owns 6,922,544 shares of the solar cell manufacturer’s stock valued at $187,601,000 after acquiring an additional 6,836,843 shares in the last quarter. The mean target price as estimated by the analysts for the company has been recorded at $52.61. If you are viewing this story on another site, it was illegally stolen and republished in violation of worldwide copyright & trademark laws. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of United States & worldwide trademark & copyright legislation.
Kempen Capital Management N.V. grew its holdings in First Solar, Inc.
Taking a look at insider trading at First Solar, Inc.
First Solar (NASDAQ:FSLR) last announced its quarterly earnings results on Thursday, July 27th. The stock’s market capitalization is 5.10B. The stock is trading at $50.45 slightly over the 50 day moving average which is $47.87 and a great deal higher than the 200 day moving average of $38.11. First Solar has an average rating of Hold and an average price target of $45.56. Stock traders purchased 15,980 put options on the company. The stock exchanged hands with 4,320,828 numbers of shares compared to its average daily volume of 2.11M shares. The solar cell manufacturer reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.60. The company had revenue of $623.00 million during the quarter, compared to analysts’ expectations of $591.55 million. First Solar had a net margin of 14.72% and a return on equity of 9.58%. During the same period past year, the firm posted $0.87 earnings per share. Cubist Systematic Strategies, LLC claims 60,830 shares worth $2,426,000. The total value of its holdings increased 27.0%. After a recent check, it is observed that the insiders for the firm now own 0.40% shares. While the company’s share hit the 52 week high on 09/15/17 stationing the value of $51.84. The stock was sold at an average price of $49.83, for a total transaction of $289,014.00. The disclosure for this sale can be found here.
Insider Trades for First Solar, Inc. show that the latest trade was made on 7 Aug 2017 where Bradley (Alexander R.), the Chief Financial Officer completed a transaction type “Sell” in which 566 shares were traded at a price of $48.66.
Several research analysts have recently commented on FSLR shares. BidaskClub upgraded First Solar from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Deutsche Bank AG restated a “hold” rating and issued a $38.00 price objective (up from $36.00) on shares of First Solar in a research note on Sunday, May 28th. Among holders that decreased their positions, 43 sold out of the stock First Solar, Inc. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have given a buy rating to the stock.
Before trading, trader, investor or shareholder must have an eye on stock’s historical performance.
FSLR is the lowest cost provider of solar panels in the US and is viewed as the biggest beneficiary if the ITC rules that the industry was damaged by module dumping from Chinese solar companies.