Aviso Wealth Management Decreases Stock Position in First Solar, Inc. (NASDAQ:FSLR)

Aviso Wealth Management reduced its position in First Solar, Inc. (NASDAQ:FSLR) by 21.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,636 shares of the solar cell manufacturer’s stock after selling 732 shares during the quarter. Aviso Wealth Management’s holdings in First Solar were worth $594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in First Solar by 0.9% in the first quarter. Vanguard Group Inc. now owns 12,257,053 shares of the solar cell manufacturer’s stock worth $2,068,991,000 after buying an additional 105,236 shares during the last quarter. Electron Capital Partners LLC increased its position in First Solar by 81,947.0% in the second quarter. Electron Capital Partners LLC now owns 7,669,757 shares of the solar cell manufacturer’s stock worth $1,729,223,000 after buying an additional 7,660,409 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in First Solar by 11.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,801,916 shares of the solar cell manufacturer’s stock worth $472,963,000 after buying an additional 279,719 shares during the last quarter. Schroder Investment Management Group increased its position in First Solar by 16.7% in the fourth quarter. Schroder Investment Management Group now owns 2,454,499 shares of the solar cell manufacturer’s stock worth $422,861,000 after buying an additional 351,540 shares during the last quarter. Finally, Northern Trust Corp increased its position in First Solar by 1.7% in the fourth quarter. Northern Trust Corp now owns 1,020,527 shares of the solar cell manufacturer’s stock worth $175,816,000 after buying an additional 16,756 shares during the last quarter. 92.08% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other First Solar news, CAO Byron Michael Jeffers sold 500 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $220.00, for a total value of $110,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other First Solar news, CAO Byron Michael Jeffers sold 500 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $220.00, for a total value of $110,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Patrick James Buehler sold 8,619 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $222.00, for a total transaction of $1,913,418.00. Following the completion of the sale, the insider now directly owns 3,468 shares in the company, valued at approximately $769,896. The disclosure for this sale can be found here. Insiders have sold a total of 10,885 shares of company stock valued at $2,405,757 in the last quarter. Insiders own 0.58% of the company’s stock.

First Solar Stock Up 0.0 %

FSLR opened at $255.75 on Friday. The company has a market cap of $27.38 billion, a P/E ratio of 26.81, a P/E/G ratio of 0.42 and a beta of 1.44. First Solar, Inc. has a 12 month low of $129.21 and a 12 month high of $306.77. The business’s 50-day moving average price is $225.51 and its 200-day moving average price is $216.19. The company has a current ratio of 2.23, a quick ratio of 1.65 and a debt-to-equity ratio of 0.06.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings data on Tuesday, July 30th. The solar cell manufacturer reported $3.25 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.56. First Solar had a return on equity of 17.73% and a net margin of 31.98%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $939.71 million. During the same quarter in the previous year, the company posted $1.85 earnings per share. The business’s revenue was up 24.6% on a year-over-year basis. On average, equities analysts expect that First Solar, Inc. will post 13.62 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FSLR. William Blair began coverage on First Solar in a research report on Thursday, August 29th. They issued a “market perform” rating for the company. Truist Financial began coverage on First Solar in a research report on Thursday. They issued a “buy” rating and a $300.00 price target for the company. UBS Group lifted their price target on First Solar from $350.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Susquehanna lifted their price target on First Solar from $258.00 to $285.00 and gave the company a “positive” rating in a research report on Wednesday, July 3rd. Finally, Janney Montgomery Scott cut First Solar from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 18th. Five investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $284.12.

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.