Shelton Capital Management raised its holdings in First Solar, Inc. (NASDAQ:FSLR) by 6.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,026 shares of the solar cell manufacturer’s stock after buying an additional 2,400 shares during the period. Shelton Capital Management’s holdings in First Solar were worth $2,500,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in FSLR. Thompson Davis & CO. Inc. bought a new position in shares of First Solar during the fourth quarter valued at about $101,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of First Solar by 64.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,383 shares of the solar cell manufacturer’s stock valued at $201,000 after purchasing an additional 1,716 shares in the last quarter. Cigna Investments Inc. New bought a new position in shares of First Solar during the fourth quarter valued at about $201,000. Eagle Ridge Investment Management bought a new position in shares of First Solar during the fourth quarter valued at about $204,000. Finally, First Mercantile Trust Co. bought a new position in shares of First Solar during the fourth quarter valued at about $205,000. 50.74% of the stock is currently owned by hedge funds and other institutional investors.

FSLR has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of First Solar from a “hold” rating to a “strong-buy” rating and set a $73.00 price target on the stock in a research report on Wednesday. ValuEngine raised shares of First Solar from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Vetr lowered shares of First Solar from a “strong-buy” rating to a “buy” rating and set a $51.52 price target on the stock. in a research report on Wednesday, October 18th. Guggenheim reissued a “neutral” rating on shares of First Solar in a research report on Thursday, January 18th. They noted that the move was a valuation call. Finally, Bank of America initiated coverage on shares of First Solar in a research report on Thursday, December 14th. They set a “neutral” rating and a $70.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $65.20.

First Solar, Inc. (FSLR) opened at $60.69 on Friday. The firm has a market cap of $6,340.00, a PE ratio of -14.59 and a beta of 2.08. The company has a debt-to-equity ratio of 0.06, a current ratio of 6.85 and a quick ratio of 6.47. First Solar, Inc. has a 12 month low of $25.56 and a 12 month high of $76.61.

In other news, COO Philip Dejong sold 15,304 shares of First Solar stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $67.83, for a total value of $1,038,070.32. Following the completion of the transaction, the chief operating officer now owns 10,424 shares in the company, valued at $707,059.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Raffi Garabedian sold 11,284 shares of First Solar stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $70.06, for a total transaction of $790,557.04. Following the completion of the transaction, the insider now owns 9,227 shares of the company’s stock, valued at approximately $646,443.62. The disclosure for this sale can be found here. Insiders sold 46,858 shares of company stock valued at $3,134,015 in the last quarter. Corporate insiders own 0.58% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Shelton Capital Management Acquires 2,400 Shares of First Solar, Inc. (FSLR)” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another website, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this report can be read at https://www.thecerbatgem.com/2018/02/09/shelton-capital-management-acquires-2400-shares-of-first-solar-inc-fslr.html.

First Solar Profile

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.

Want to see what other hedge funds are holding FSLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Solar, Inc. (NASDAQ:FSLR).

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

Receive News & Ratings for First Solar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Solar and related companies with MarketBeat.com's FREE daily email newsletter.