WINTON GROUP Ltd Sells 46,348 Shares of First Solar, Inc. $FSLR

WINTON GROUP Ltd decreased its position in shares of First Solar, Inc. (NASDAQ:FSLRFree Report) by 93.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,185 shares of the solar cell manufacturer’s stock after selling 46,348 shares during the quarter. WINTON GROUP Ltd’s holdings in First Solar were worth $832,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FSLR. Aventura Private Wealth LLC bought a new stake in First Solar during the fourth quarter worth about $25,000. Strategic Wealth Investment Group LLC bought a new stake in First Solar during the second quarter worth about $26,000. Larson Financial Group LLC lifted its position in First Solar by 117.0% during the fourth quarter. Larson Financial Group LLC now owns 102 shares of the solar cell manufacturer’s stock worth $27,000 after purchasing an additional 55 shares during the period. Elyxium Wealth LLC bought a new stake in First Solar during the fourth quarter worth about $30,000. Finally, Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in First Solar during the third quarter worth about $44,000. Institutional investors own 92.08% of the company’s stock.

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Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Citigroup cut their price objective on shares of First Solar from $300.00 to $243.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. BMO Capital Markets cut their price objective on shares of First Solar from $252.00 to $237.00 and set a “market perform” rating for the company in a research report on Monday, April 20th. Guggenheim increased their target price on shares of First Solar from $269.00 to $279.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Evercore raised their price target on shares of First Solar from $212.00 to $219.00 in a research note on Monday, May 4th. Finally, DZ Bank upgraded shares of First Solar to a “strong sell” rating in a research note on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $247.40.

View Our Latest Stock Analysis on FSLR

Insider Buying and Selling

In related news, insider Caroline Stockdale sold 10,628 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $275.60, for a total value of $2,929,076.80. Following the completion of the transaction, the insider owned 23,792 shares in the company, valued at $6,557,075.20. This trade represents a 30.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mark R. Widmar sold 4,815 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $247.43, for a total transaction of $1,191,375.45. Following the completion of the transaction, the chief executive officer owned 89,033 shares of the company’s stock, valued at approximately $22,029,435.19. This trade represents a 5.13% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 60,694 shares of company stock worth $13,659,583 in the last quarter. Corporate insiders own 0.39% of the company’s stock.

First Solar Trading Down 4.8%

FSLR opened at $262.19 on Wednesday. The company’s 50 day moving average is $227.83 and its 200-day moving average is $233.24. First Solar, Inc. has a 1-year low of $135.50 and a 1-year high of $320.95. The company has a current ratio of 2.56, a quick ratio of 2.15 and a debt-to-equity ratio of 0.02. The company has a market cap of $28.17 billion, a P/E ratio of 16.94, a PEG ratio of 0.61 and a beta of 1.71.

First Solar (NASDAQ:FSLRGet Free Report) last posted its quarterly earnings results on Thursday, April 30th. The solar cell manufacturer reported $3.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.87 by $0.35. First Solar had a net margin of 30.73% and a return on equity of 18.01%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the company posted $1.95 EPS. The firm’s quarterly revenue was up 23.6% compared to the same quarter last year. Equities research analysts predict that First Solar, Inc. will post 17.61 earnings per share for the current fiscal year.

First Solar Company Profile

(Free Report)

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.

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

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