Stifel Financial Corp Has $6.18 Million Stake in First Solar, Inc. (FSLR)

Stifel Financial Corp cut its position in First Solar, Inc. (NASDAQ:FSLR) by 6.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 87,154 shares of the solar cell manufacturer’s stock after selling 5,883 shares during the period. Stifel Financial Corp owned about 0.08% of First Solar worth $6,179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in FSLR. Sei Investments Co. boosted its position in shares of First Solar by 25.4% during the first quarter. Sei Investments Co. now owns 7,112 shares of the solar cell manufacturer’s stock worth $504,000 after acquiring an additional 1,440 shares during the last quarter. Cambria Investment Management L.P. bought a new position in shares of First Solar during the first quarter worth $264,000. Van ECK Associates Corp boosted its position in shares of First Solar by 9.0% during the first quarter. Van ECK Associates Corp now owns 108,710 shares of the solar cell manufacturer’s stock worth $7,716,000 after acquiring an additional 8,933 shares during the last quarter. SG3 Management LLC bought a new position in shares of First Solar during the first quarter worth $887,000. Finally, Delpha Capital Management LLC bought a new position in shares of First Solar during the first quarter worth $234,000. 53.21% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Georges Antoun sold 1,800 shares of the stock in a transaction on Wednesday, March 21st. The shares were sold at an average price of $74.25, for a total value of $133,650.00. Following the sale, the insider now owns 92,229 shares of the company’s stock, valued at $6,848,003.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Bryan Robert Schumaker sold 848 shares of the stock in a transaction on Friday, April 27th. The shares were sold at an average price of $80.00, for a total transaction of $67,840.00. The disclosure for this sale can be found here. In the last three months, insiders sold 23,531 shares of company stock worth $1,681,977. Insiders own 0.54% of the company’s stock.

Several equities analysts have commented on FSLR shares. Standpoint Research upgraded shares of First Solar from a “hold” rating to an “accumulate” rating and set a $84.00 price objective for the company in a research report on Wednesday, March 7th. TheStreet upgraded shares of First Solar from a “c” rating to a “b-” rating in a research report on Friday, May 11th. UBS Group started coverage on shares of First Solar in a research report on Thursday, March 15th. They set a “buy” rating and a $81.00 price objective for the company. BidaskClub upgraded shares of First Solar from a “hold” rating to a “buy” rating in a research report on Friday, February 16th. Finally, Zacks Investment Research upgraded shares of First Solar from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Tuesday, February 13th. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. First Solar presently has an average rating of “Hold” and a consensus price target of $68.50.

Shares of FSLR opened at $53.85 on Wednesday. First Solar, Inc. has a twelve month low of $35.33 and a twelve month high of $81.72. The firm has a market capitalization of $5.43 billion, a PE ratio of 20.79, a PEG ratio of 2.93 and a beta of 1.78. The company has a current ratio of 6.81, a quick ratio of 6.49 and a debt-to-equity ratio of 0.08.

First Solar (NASDAQ:FSLR) last announced its earnings results on Thursday, April 26th. The solar cell manufacturer reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.86. First Solar had a negative net margin of 3.51% and a positive return on equity of 6.26%. The business had revenue of $567.00 million for the quarter, compared to the consensus estimate of $421.47 million. During the same quarter in the prior year, the firm posted $0.25 earnings per share. The business’s revenue for the quarter was down 36.4% on a year-over-year basis. equities research analysts predict that First Solar, Inc. will post 1.77 earnings per share for the current year.

About First Solar

First Solar, Inc provides photovoltaic solar energy solutions in the United States and internationally. It operates through two segments, Components and Systems. The Components segment designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity. This segment offers its products to integrators and operators.

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

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