First Solar, Inc. (NASDAQ:FSLR) Shares Sold by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. decreased its position in shares of First Solar, Inc. (NASDAQ:FSLR) by 7.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of FSLR. Estabrook Capital Management acquired a new position in First Solar during the 3rd quarter worth about $29,000. Baystate Wealth Management LLC purchased a new stake in First Solar during the 4th quarter worth about $29,000. Headinvest LLC purchased a new stake in First Solar during the 3rd quarter worth about $30,000. Rakuten Securities Inc. purchased a new stake in First Solar during the 4th quarter worth about $34,000. Finally, USCF Advisers LLC increased its holdings in First Solar by 100.0% during the 4th quarter. USCF Advisers LLC now owns 200 shares of the solar cell manufacturer’s stock worth $34,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 92.08% of the company’s stock.

First Solar Stock Up 18.7 %

First Solar stock opened at $251.75 on Thursday. First Solar, Inc. has a twelve month low of $129.21 and a twelve month high of $253.99. The stock has a 50 day moving average of $177.74 and a two-hundred day moving average of $162.86. The company has a current ratio of 2.41, a quick ratio of 1.86 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $26.95 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 0.28 and a beta of 1.37.

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

Analyst Ratings Changes

FSLR has been the topic of several recent research reports. Susquehanna restated a “positive” rating and set a $258.00 price target on shares of First Solar in a report on Friday, April 5th. Morgan Stanley upped their price target on First Solar from $245.00 to $248.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Oppenheimer upped their price target on First Solar from $269.00 to $271.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. Guggenheim dropped their price objective on First Solar from $359.00 to $356.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Finally, UBS Group increased their price objective on First Solar from $252.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday. Two research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, First Solar has a consensus rating of “Moderate Buy” and an average price target of $238.28.

Insider Activity

In related news, Director Richard D. Chapman sold 3,165 shares of First Solar stock in a transaction that occurred 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 sale, the director now directly owns 1,045 shares in the company, valued at $199,051.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Richard D. Chapman sold 3,165 shares of First Solar stock in a transaction that occurred 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 sale, the director now directly owns 1,045 shares in the company, valued at $199,051.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director R Craig Kennedy sold 1,500 shares of First Solar stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $157.76, for a total value of $236,640.00. Following the completion of the sale, the director now owns 15,641 shares in the company, valued at $2,467,524.16. The disclosure for this sale can be found here. Insiders sold 44,191 shares of company stock valued at $7,809,099 in the last three months. 0.58% of the stock is currently owned by company insiders.

About First Solar

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.