Triodos Investment Management BV Has $36.74 Million Holdings in First Solar, Inc. (NASDAQ:FSLR)

Triodos Investment Management BV increased its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 119.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 208,450 shares of the solar cell manufacturer’s stock after acquiring an additional 113,250 shares during the quarter. First Solar comprises approximately 3.0% of Triodos Investment Management BV’s holdings, making the stock its 15th largest holding. Triodos Investment Management BV owned 0.19% of First Solar worth $36,737,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Larson Financial Group LLC increased its position in shares of First Solar by 214.0% during the 3rd quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock worth $39,000 after purchasing an additional 107 shares in the last quarter. Smartleaf Asset Management LLC grew its position 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 during the last quarter. Crews Bank & Trust acquired a new stake in First Solar during the 4th quarter valued at $53,000. Hudson Edge Investment Partners Inc. bought a new position in First Solar in the 4th quarter valued at $53,000. Finally, CoreFirst Bank & Trust bought a new stake in shares of First Solar during the fourth quarter worth $54,000. 92.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on FSLR shares. Royal Bank of Canada reduced their price target on shares of First Solar from $280.00 to $251.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Redburn Atlantic initiated coverage on First Solar in a research note on Monday, March 3rd. They issued a “neutral” rating for the company. UBS Group cut their price target on First Solar from $360.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Citigroup dropped their price target on shares of First Solar from $254.00 to $236.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. Finally, Robert W. Baird lowered their target price on shares of First Solar from $307.00 to $267.00 and set an “outperform” rating for the company in a report on Wednesday, December 18th. Four analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, First Solar has a consensus rating of “Moderate Buy” and an average price target of $262.08.

First Solar Trading Up 0.2 %

Shares of FSLR stock opened at $126.60 on Friday. The company has a quick ratio of 1.44, a current ratio of 2.14 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $13.55 billion, a PE ratio of 10.90, a price-to-earnings-growth ratio of 0.19 and a beta of 1.52. The firm has a 50 day moving average price of $151.59 and a two-hundred day moving average price of $185.87. First Solar, Inc. has a 12-month low of $124.32 and a 12-month high of $306.77.

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

Insider Transactions at First Solar

In related news, CFO Alexander R. Bradley sold 599 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $133.75, for a total value of $80,116.25. Following the completion of the sale, the chief financial officer now directly owns 45,717 shares in the company, valued at $6,114,648.75. This represents a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kuntal Kumar Verma sold 7,475 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $136.60, for a total value of $1,021,085.00. Following the completion of the sale, the insider now directly owns 3,549 shares of the company’s stock, valued at approximately $484,793.40. The trade was a 67.81 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,311 shares of company stock worth $4,767,158. Corporate insiders own 0.58% of the company’s stock.

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.