First Solar, Inc. (NASDAQ:FSLR) Stake Maintained by Whittier Trust Co.

Whittier Trust Co. maintained its position in shares of First Solar, Inc. (NASDAQ:FSLR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,310 shares of the solar cell manufacturer’s stock at the end of the second quarter. Whittier Trust Co.’s holdings in First Solar were worth $291,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of FSLR. Bank of Nova Scotia bought a new position in shares of First Solar during the first quarter worth approximately $212,000. Amica Retiree Medical Trust boosted its position in shares of First Solar by 814.5% in the first quarter. Amica Retiree Medical Trust now owns 4,097 shares of the solar cell manufacturer’s stock worth $111,000 after buying an additional 3,649 shares in the last quarter. NEXT Financial Group Inc boosted its position in shares of First Solar by 23.9% in the second quarter. NEXT Financial Group Inc now owns 5,050 shares of the solar cell manufacturer’s stock worth $201,000 after buying an additional 975 shares in the last quarter. LS Investment Advisors LLC boosted its position in shares of First Solar by 36.7% in the first quarter. LS Investment Advisors LLC now owns 5,275 shares of the solar cell manufacturer’s stock worth $143,000 after buying an additional 1,417 shares in the last quarter. Finally, Trust Co. of Vermont boosted its position in shares of First Solar by 27.8% in the first quarter. Trust Co. of Vermont now owns 5,477 shares of the solar cell manufacturer’s stock worth $149,000 after buying an additional 1,190 shares in the last quarter. Institutional investors own 60.25% of the company’s stock.

Shares of First Solar, Inc. (NASDAQ:FSLR) traded up 0.61% during trading on Friday, reaching $48.06. The company had a trading volume of 983,257 shares. The firm has a 50-day moving average of $45.14 and a 200-day moving average of $36.24. First Solar, Inc. has a 12-month low of $25.56 and a 12-month high of $50.21. The company’s market cap is $5.02 billion.

First Solar (NASDAQ:FSLR) last released its earnings results on Thursday, July 27th. The solar cell manufacturer reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.60. First Solar had a negative net margin of 18.80% and a positive return on equity of 6.43%. The firm had revenue of $623 million during the quarter, compared to analyst estimates of $591.55 million. During the same quarter in the previous year, the business earned $0.87 EPS. The business’s quarterly revenue was down 38.7% compared to the same quarter last year. On average, equities research analysts anticipate that First Solar, Inc. will post $2.11 EPS for the current year.

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A number of brokerages have commented on FSLR. UBS AG upgraded First Solar from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. Axiom Securities reiterated a “buy” rating on shares of First Solar in a research note on Thursday, August 10th. JMP Securities set a $67.00 price target on First Solar and gave the stock a “buy” rating in a research note on Wednesday. ValuEngine upgraded First Solar from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Finally, BidaskClub cut First Solar from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $43.89.

In other First Solar news, CFO Alexander R. Bradley sold 566 shares of First Solar stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $48.66, for a total transaction of $27,541.56. Following the completion of the sale, the chief financial officer now owns 963 shares of the company’s stock, valued at approximately $46,859.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Raffi Garabedian sold 5,800 shares of First Solar stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $49.83, for a total transaction of $289,014.00. Following the sale, the insider now directly owns 11,474 shares of the company’s stock, valued at approximately $571,749.42. The disclosure for this sale can be found here. Insiders have sold a total of 95,909 shares of company stock valued at $4,705,246 in the last ninety days. Company insiders own 0.40% of the company’s stock.

About First Solar

First Solar, Inc is a provider of photovoltaic (PV) solar energy solutions. The Company designs, manufactures and sells PV solar modules with a thin-film semiconductor technology. The Company also develops, designs, constructs and sells PV solar power systems that primarily use the modules it manufactures.

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

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