First Solar, Inc. (NASDAQ:FSLR) Stake Lifted by CENTRAL TRUST Co

CENTRAL TRUST Co grew its holdings in First Solar, Inc. (NASDAQ:FSLR) by 4.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,376 shares of the solar cell manufacturer’s stock after buying an additional 420 shares during the quarter. CENTRAL TRUST Co’s holdings in First Solar were worth $549,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. S&CO Inc. increased its position in shares of First Solar by 1.6% during the first quarter. S&CO Inc. now owns 10,741 shares of the solar cell manufacturer’s stock worth $568,000 after purchasing an additional 165 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of First Solar by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 20,200 shares of the solar cell manufacturer’s stock worth $1,067,000 after purchasing an additional 200 shares in the last quarter. Winfield Associates Inc. increased its position in shares of First Solar by 3.9% during the first quarter. Winfield Associates Inc. now owns 5,300 shares of the solar cell manufacturer’s stock worth $280,000 after purchasing an additional 200 shares in the last quarter. Deane Retirement Strategies Inc. increased its position in shares of First Solar by 0.6% during the first quarter. Deane Retirement Strategies Inc. now owns 36,789 shares of the solar cell manufacturer’s stock worth $1,942,000 after purchasing an additional 217 shares in the last quarter. Finally, Bank of Montreal Can increased its position in shares of First Solar by 1.5% during the first quarter. Bank of Montreal Can now owns 16,076 shares of the solar cell manufacturer’s stock worth $849,000 after purchasing an additional 233 shares in the last quarter. Institutional investors and hedge funds own 61.50% of the company’s stock.

In other news, CFO Alexander R. Bradley sold 6,427 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $53.65, for a total value of $344,808.55. Following the transaction, the chief financial officer now owns 6,427 shares of the company’s stock, valued at approximately $344,808.55. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Alexander R. Bradley sold 754 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $49.67, for a total value of $37,451.18. Following the completion of the transaction, the chief financial officer now directly owns 13,296 shares in the company, valued at approximately $660,412.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 117,572 shares of company stock worth $6,997,116. Corporate insiders own 0.72% of the company’s stock.

Several brokerages recently commented on FSLR. Goldman Sachs Group set a $75.00 price target on First Solar and gave the stock a “buy” rating in a research report on Wednesday, April 10th. BidaskClub cut First Solar from a “hold” rating to a “sell” rating in a research report on Saturday, February 9th. JPMorgan Chase & Co. dropped their price target on First Solar to $70.00 and set an “overweight” rating for the company in a research report on Friday, February 22nd. ValuEngine upgraded First Solar from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Finally, Argus boosted their price target on First Solar to $66.00 and gave the stock an “average” rating in a research report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $63.85.

NASDAQ:FSLR traded up $0.12 during trading hours on Wednesday, hitting $59.06. The company had a trading volume of 643,232 shares, compared to its average volume of 1,487,363. The company has a quick ratio of 3.83, a current ratio of 4.38 and a debt-to-equity ratio of 0.11. The stock has a market cap of $6.22 billion, a P/E ratio of 43.43, a PEG ratio of 1.04 and a beta of 1.32. First Solar, Inc. has a 1 year low of $36.51 and a 1 year high of $69.89.

First Solar (NASDAQ:FSLR) last issued its earnings results on Thursday, May 2nd. The solar cell manufacturer reported ($0.64) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.52). The company had revenue of $532.00 million during the quarter, compared to analysts’ expectations of $596.32 million. First Solar had a negative net margin of 0.28% and a negative return on equity of 0.12%. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.78 earnings per share. On average, equities analysts anticipate that First Solar, Inc. will post 2.41 earnings per share for the current year.

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First Solar Company 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 Components segment designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity. This segment offers its products 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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