First Solar, Inc. (NASDAQ:FSLR) Shares Sold by Harrington Investments INC

Harrington Investments INC reduced its stake in First Solar, Inc. (NASDAQ:FSLR) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,400 shares of the solar cell manufacturer’s stock after selling 293 shares during the period. First Solar makes up about 1.3% of Harrington Investments INC’s holdings, making the stock its 27th largest holding. Harrington Investments INC’s holdings in First Solar were worth $2,362,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Strengthening Families & Communities LLC purchased a new position in shares of First Solar in the 3rd quarter valued at about $25,000. Larson Financial Group LLC lifted its stake in First Solar by 214.0% in the third quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock worth $39,000 after acquiring an additional 107 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in First Solar by 31.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 262 shares of the solar cell manufacturer’s stock worth $47,000 after acquiring an additional 63 shares in the last quarter. Crews Bank & Trust purchased a new stake in shares of First Solar in the 4th quarter valued at approximately $53,000. Finally, Hudson Edge Investment Partners Inc. acquired a new stake in shares of First Solar in the 4th quarter valued at $53,000. 92.08% of the stock is currently owned by hedge funds and other institutional investors.

First Solar Trading Down 0.2 %

NASDAQ:FSLR opened at $132.51 on Friday. First Solar, Inc. has a 1 year low of $124.96 and a 1 year high of $306.77. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.44 and a current ratio of 2.14. The stock has a fifty day moving average price of $162.48 and a two-hundred day moving average price of $191.64. The stock has a market capitalization of $14.19 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 0.19 and a beta of 1.52.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings results on Tuesday, February 25th. The solar cell manufacturer reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.81 by ($1.16). The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. First Solar had a net margin of 32.41% and a return on equity of 17.56%. As a group, sell-side analysts anticipate that First Solar, Inc. will post 13.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FSLR has been the subject of several analyst reports. Morgan Stanley lowered their price objective on First Solar from $297.00 to $238.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. Barclays dropped their price target on shares of First Solar from $273.00 to $236.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. JPMorgan Chase & Co. reduced their price objective on shares of First Solar from $282.00 to $268.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Roth Mkm reaffirmed a “buy” rating and issued a $280.00 target price on shares of First Solar in a research report on Wednesday, February 26th. Finally, Seaport Res Ptn raised shares of First Solar from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Four analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $262.08.

Insider Buying and Selling

In related news, CEO Mark R. Widmar sold 21,542 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $141.09, for a total value of $3,039,360.78. Following the sale, the chief executive officer now directly owns 103,403 shares in the company, valued at $14,589,129.27. The trade was a 17.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kuntal Kumar Verma sold 7,475 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $136.60, for a total transaction of $1,021,085.00. Following the transaction, the insider now owns 3,549 shares of the company’s stock, valued at $484,793.40. This trade represents a 67.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,739 shares of company stock valued at $4,289,403. 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.