Healthcare of Ontario Pension Plan Trust Fund Sells 14,489 Shares of First Solar, Inc. (NASDAQ:FSLR)

Healthcare of Ontario Pension Plan Trust Fund decreased its position in First Solar, Inc. (NASDAQ:FSLR) by 8.5% in the third quarter, Holdings Channel.com reports. The firm owned 156,146 shares of the solar cell manufacturer’s stock after selling 14,489 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in First Solar were worth $38,949,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Electron Capital Partners LLC grew its stake in shares of 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 acquiring an additional 7,660,409 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in First Solar by 0.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,743,813 shares of the solar cell manufacturer’s stock worth $434,977,000 after purchasing an additional 15,890 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in First Solar by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 795,393 shares of the solar cell manufacturer’s stock worth $179,478,000 after purchasing an additional 64,265 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in First Solar by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 716,104 shares of the solar cell manufacturer’s stock worth $178,625,000 after purchasing an additional 34,738 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in First Solar by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 652,354 shares of the solar cell manufacturer’s stock worth $147,080,000 after purchasing an additional 2,378 shares during the last quarter. Institutional investors own 92.08% of the company’s stock.

First Solar Trading Up 0.1 %

Shares of NASDAQ FSLR opened at $192.57 on Thursday. The firm has a market cap of $20.62 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 0.34 and a beta of 1.48. The company has a quick ratio of 1.44, a current ratio of 2.14 and a debt-to-equity ratio of 0.05. First Solar, Inc. has a twelve month low of $135.88 and a twelve month high of $306.77. The business has a fifty day simple moving average of $210.88 and a two-hundred day simple moving average of $225.81.

First Solar (NASDAQ:FSLR) last released its quarterly earnings results on Tuesday, October 29th. The solar cell manufacturer reported $2.91 EPS for the quarter, missing the consensus estimate of $3.10 by ($0.19). First Solar had a return on equity of 17.56% and a net margin of 32.41%. The company had revenue of $887.70 million during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the firm posted $2.50 earnings per share. The company’s revenue was up 10.7% on a year-over-year basis. Analysts expect that First Solar, Inc. will post 13.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FSLR has been the topic of several research reports. Guggenheim dropped their target price on First Solar from $368.00 to $335.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Janney Montgomery Scott raised First Solar from a “neutral” rating to a “buy” rating and set a $260.00 target price on the stock in a research report on Tuesday, October 29th. Bank of America dropped their target price on First Solar from $321.00 to $269.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Oppenheimer raised their price objective on First Solar from $325.00 to $326.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, Clarkson Capital began coverage on First Solar in a research note on Wednesday, August 14th. They issued a “buy” rating and a $270.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $279.04.

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.