Coldstream Capital Management Inc. Sells 275 Shares of First Solar, Inc. (NASDAQ:FSLR)

Coldstream Capital Management Inc. lowered its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 7.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,495 shares of the solar cell manufacturer’s stock after selling 275 shares during the period. Coldstream Capital Management Inc.’s holdings in First Solar were worth $602,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of First Solar by 4.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 548,058 shares of the solar cell manufacturer’s stock valued at $94,419,000 after purchasing an additional 20,946 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of First Solar by 504.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 399,650 shares of the solar cell manufacturer’s stock valued at $68,852,000 after purchasing an additional 333,496 shares during the last quarter. Sora Investors LLC increased its position in shares of First Solar by 63.6% during the 3rd quarter. Sora Investors LLC now owns 90,000 shares of the solar cell manufacturer’s stock valued at $14,543,000 after purchasing an additional 35,000 shares during the last quarter. Vanguard Group Inc. increased its position in shares of First Solar by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 12,040,031 shares of the solar cell manufacturer’s stock valued at $1,945,549,000 after purchasing an additional 279,424 shares during the last quarter. Finally, Bull Oak Capital LLC increased its position in shares of First Solar by 304,592.2% during the 4th quarter. Bull Oak Capital LLC now owns 155,393 shares of the solar cell manufacturer’s stock valued at $26,771,000 after purchasing an additional 155,342 shares during the last quarter. Institutional investors own 92.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Susquehanna reaffirmed a “positive” rating and set a $258.00 price target on shares of First Solar in a research report on Friday, April 5th. Guggenheim reduced their target price on shares of First Solar from $359.00 to $356.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Morgan Stanley increased their target price on shares of First Solar from $245.00 to $248.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. The Goldman Sachs Group increased their target price on shares of First Solar from $265.00 to $268.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Finally, Bank of America increased their target price on shares of First Solar from $187.00 to $194.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Two research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $238.28.

First Solar Stock Up 18.7 %

Shares of FSLR opened at $251.75 on Thursday. The company has a market cap of $26.95 billion, a PE ratio of 26.39, a P/E/G ratio of 0.28 and a beta of 1.37. The business has a fifty day moving average of $177.74 and a 200 day moving average of $162.86. First Solar, Inc. has a 52-week low of $129.21 and a 52-week high of $253.99. The company has a quick ratio of 1.86, a current ratio of 2.41 and a debt-to-equity ratio of 0.06.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings results on Wednesday, May 1st. The solar cell manufacturer reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.30. The company had revenue of $794.10 million during the quarter, compared to the consensus estimate of $718.19 million. First Solar had a return on equity of 16.24% and a net margin of 28.75%. First Solar’s revenue was up 44.8% on a year-over-year basis. During the same period last year, the company earned $0.40 earnings per share. On average, sell-side analysts expect that First Solar, Inc. will post 13.56 EPS for the current year.

Insider Buying and Selling

In other First Solar news, insider Caroline Stockdale sold 12,406 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $205.00, for a total value of $2,543,230.00. Following the sale, the insider now owns 22,025 shares in the company, valued at $4,515,125. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other First Solar news, insider Caroline Stockdale sold 12,406 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $205.00, for a total value of $2,543,230.00. Following the sale, the insider now owns 22,025 shares in the company, valued at $4,515,125. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Richard D. Chapman sold 3,165 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $190.48, for a total value of $602,869.20. Following the completion of the sale, the director now owns 1,045 shares in the company, valued at approximately $199,051.60. The disclosure for this sale can be found here. Insiders sold a total of 44,191 shares of company stock worth $7,809,099 over the last three months. 0.58% of the stock is owned by insiders.

First Solar Company Profile

First Solar, Inc, a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules.