Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 539 Shares of First Solar, Inc. (NASDAQ:FSLR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 2.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 22,764 shares of the solar cell manufacturer’s stock after selling 539 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in First Solar were worth $4,012,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC boosted 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 valued at $39,000 after acquiring an additional 107 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of First Solar by 31.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 262 shares of the solar cell manufacturer’s stock valued at $47,000 after acquiring an additional 63 shares in the last quarter. Crews Bank & Trust acquired a new stake in shares of First Solar during the 4th quarter valued at about $53,000. Hudson Edge Investment Partners Inc. acquired a new stake in shares of First Solar during the 4th quarter valued at about $53,000. Finally, Financial Avengers Inc. acquired a new stake in shares of First Solar during the 3rd quarter valued at about $77,000. Institutional investors own 92.08% of the company’s stock.

First Solar Trading Up 2.2 %

Shares of NASDAQ FSLR opened at $131.32 on Monday. The company’s 50 day simple moving average is $156.26 and its 200 day simple moving average is $187.86. First Solar, Inc. has a fifty-two week low of $124.96 and a fifty-two week high of $306.77. The firm has a market capitalization of $14.06 billion, a P/E ratio of 11.31, a P/E/G ratio of 0.19 and a beta of 1.52. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.14 and a quick ratio of 1.44.

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

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Seaport Res Ptn upgraded shares of First Solar from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Truist Financial reiterated a “buy” rating and set a $285.00 target price (down from $300.00) on shares of First Solar in a research report on Wednesday, February 26th. Bank of America reduced their price target on shares of First Solar from $246.00 to $236.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Redburn Atlantic began coverage on shares of First Solar in a research note on Monday, March 3rd. They set a “neutral” rating on the stock. Finally, Robert W. Baird decreased their price objective on shares of First Solar from $307.00 to $267.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 18th. Four analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $262.08.

Insiders Place Their Bets

In other First Solar news, CEO Mark R. Widmar sold 1,966 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $133.75, for a total value of $262,952.50. Following the sale, the chief executive officer now directly owns 111,890 shares in the company, valued at approximately $14,965,287.50. This trade represents a 1.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction of $80,116.25. Following the completion of the sale, the chief financial officer now owns 45,717 shares in the company, valued at approximately $6,114,648.75. This trade represents a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,311 shares of company stock worth $4,767,158. Company insiders own 0.58% of the company’s stock.

First Solar 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.