ING Groep NV Buys New Holdings in First Solar, Inc. (FSLR)

ING Groep NV bought a new stake in First Solar, Inc. (NASDAQ:FSLR) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,791 shares of the solar cell manufacturer’s stock, valued at approximately $796,000.

Several other large investors have also recently modified their holdings of the company. Alliancebernstein L.P. boosted its holdings in shares of First Solar by 0.8% in the second quarter. Alliancebernstein L.P. now owns 47,767 shares of the solar cell manufacturer’s stock valued at $1,905,000 after acquiring an additional 360 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of First Solar by 19.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,220 shares of the solar cell manufacturer’s stock valued at $352,000 after acquiring an additional 837 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of First Solar by 1.5% in the third quarter. Allianz Asset Management GmbH now owns 70,126 shares of the solar cell manufacturer’s stock valued at $3,218,000 after acquiring an additional 1,018 shares in the last quarter. Cetera Advisors LLC boosted its holdings in shares of First Solar by 16.0% in the third quarter. Cetera Advisors LLC now owns 7,963 shares of the solar cell manufacturer’s stock valued at $365,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Harrington Investments INC boosted its holdings in shares of First Solar by 8.5% in the fourth quarter. Harrington Investments INC now owns 14,185 shares of the solar cell manufacturer’s stock valued at $958,000 after acquiring an additional 1,110 shares in the last quarter. 51.00% of the stock is currently owned by institutional investors and hedge funds.

First Solar, Inc. (FSLR) opened at $65.24 on Thursday. The company has a current ratio of 6.85, a quick ratio of 6.47 and a debt-to-equity ratio of 0.06. The stock has a market cap of $6,706.69, a PE ratio of 15.74 and a beta of 2.09. First Solar, Inc. has a 52-week low of $25.56 and a 52-week high of $76.61.

Several analysts have recently weighed in on FSLR shares. Zacks Investment Research raised shares of First Solar from a “hold” rating to a “strong-buy” rating and set a $73.00 target price on the stock in a report on Wednesday, February 7th. ValuEngine raised shares of First Solar from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Vetr downgraded shares of First Solar from a “strong-buy” rating to a “buy” rating and set a $51.52 price objective on the stock. in a report on Wednesday, October 18th. Guggenheim reissued a “neutral” rating on shares of First Solar in a report on Thursday, January 18th. They noted that the move was a valuation call. Finally, Bank of America started coverage on shares of First Solar in a report on Thursday, December 14th. They set a “neutral” rating and a $70.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $66.60.

In other First Solar news, COO Philip Dejong sold 15,304 shares of First Solar stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $67.83, for a total transaction of $1,038,070.32. Following the completion of the transaction, the chief operating officer now owns 10,424 shares in the company, valued at $707,059.92. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mark R. Widmar sold 20,270 shares of First Solar stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $64.40, for a total transaction of $1,305,388.00. Following the transaction, the chief executive officer now owns 100,754 shares of the company’s stock, valued at approximately $6,488,557.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,858 shares of company stock valued at $3,134,015. 0.58% of the stock is currently owned by company insiders.

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First Solar Profile

First Solar, Inc is a provider of photovoltaic (PV) solar energy solutions. The Company designs, manufactures and sells PV solar modules with a thin-film semiconductor technology. The Company also develops, designs, constructs and sells PV solar power systems that primarily use the modules it manufactures.

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

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