First Solar, Inc. $FSLR Position Decreased by Boston Common Asset Management LLC

Boston Common Asset Management LLC lowered its holdings in First Solar, Inc. (NASDAQ:FSLR) by 9.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,789 shares of the solar cell manufacturer’s stock after selling 4,315 shares during the period. Boston Common Asset Management LLC’s holdings in First Solar were worth $11,178,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Aventura Private Wealth LLC acquired a new stake in First Solar during the fourth quarter valued at approximately $25,000. Strategic Wealth Investment Group LLC acquired a new position in First Solar in the second quarter worth approximately $26,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in First Solar in the third quarter worth approximately $44,000. Harbor Investment Advisory LLC increased its holdings in shares of First Solar by 41.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 204 shares of the solar cell manufacturer’s stock valued at $53,000 after buying an additional 60 shares in the last quarter. Finally, Total Investment Management Inc. bought a new position in shares of First Solar in the second quarter valued at $36,000. 92.08% of the stock is currently owned by institutional investors.

Insider Transactions at First Solar

In other First Solar news, CFO Alexander R. Bradley sold 14,106 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $199.97, for a total transaction of $2,820,776.82. Following the completion of the sale, the chief financial officer directly owned 30,000 shares in the company, valued at approximately $5,999,100. This trade represents a 31.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Caroline Stockdale sold 335 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $200.80, for a total value of $67,268.00. Following the completion of the transaction, the insider owned 34,060 shares in the company, valued at $6,839,248. This represents a 0.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 75,989 shares of company stock worth $14,921,902. 0.48% of the stock is currently owned by company insiders.

First Solar Price Performance

Shares of NASDAQ:FSLR opened at $184.70 on Tuesday. The company’s fifty day moving average is $215.52 and its two-hundred day moving average is $235.91. The company has a market cap of $19.82 billion, a P/E ratio of 13.00, a price-to-earnings-growth ratio of 0.33 and a beta of 1.65. First Solar, Inc. has a 12-month low of $116.56 and a 12-month high of $285.99. The company has a quick ratio of 2.35, a current ratio of 2.67 and a debt-to-equity ratio of 0.03.

First Solar (NASDAQ:FSLR) last issued its earnings results on Tuesday, February 24th. The solar cell manufacturer reported $4.84 EPS for the quarter, missing the consensus estimate of $5.22 by ($0.38). First Solar had a return on equity of 17.32% and a net margin of 29.28%.The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period last year, the business earned $3.65 EPS. The business’s quarterly revenue was up 11.1% on a year-over-year basis. Equities analysts expect that First Solar, Inc. will post 13.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FSLR. Bank of America reduced their price objective on First Solar from $291.00 to $271.00 and set a “buy” rating for the company in a research note on Thursday, January 22nd. Royal Bank Of Canada cut their target price on First Solar from $258.00 to $236.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. UBS Group reduced their target price on First Solar from $330.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Evercore decreased their price target on First Solar from $241.00 to $212.00 in a research report on Thursday, March 5th. Finally, Needham & Company LLC lifted their price target on First Solar from $286.00 to $303.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Twenty investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $248.17.

About First Solar

First Solar, Inc (NASDAQ: FSLR) is a United States–based solar technology company best known for designing and manufacturing thin‑film photovoltaic (PV) modules that use cadmium telluride (CdTe) semiconductor technology. The company supplies PV modules and delivers integrated solar power solutions for utility‑scale projects, positioning itself as a provider of both components and complete solar energy systems rather than solely a parts supplier. First Solar was founded in 1999 and is headquartered in Tempe, Arizona.

Beyond module manufacturing, First Solar offers a range of project services including development support, engineering, procurement and construction (EPC) services, and operations and maintenance (O&M) for large-scale solar installations.