First Solar (FSLR) : Agf Investments America scooped up 8,825 additional shares in First Solar during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 58,405 shares of First Solar which is valued at $2,875,862.First Solar makes up approximately 1.25% of Agf Investments America’s portfolio.
Other Hedge Funds, Including , Hussman Strategic Advisors reduced its stake in FSLR by selling 75,000 shares or 37.5% in the most recent quarter. The Hedge Fund company now holds 125,000 shares of FSLR which is valued at $6,155,000. First Solar makes up approx 0.91% of Hussman Strategic Advisors’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in FSLR by selling 832 shares or 4.71% in the most recent quarter. The Hedge Fund company now holds 16,843 shares of FSLR which is valued at $786,231. First Solar makes up approx 0.01% of Public Employees Retirement Association Of Colorado’s portfolio.Ibm Retirement Fund boosted its stake in FSLR in the latest quarter, The investment management firm added 49 additional shares and now holds a total of 7,643 shares of First Solar which is valued at $367,781. First Solar makes up approx 0.01% of Ibm Retirement Fund’s portfolio. Simplex Trading sold out all of its stake in FSLR during the most recent quarter. The investment firm sold 5,101 shares of FSLR which is valued $247,041.
First Solar closed down -5.52 points or -11.21% at $43.72 with 1,89,75,891 shares getting traded on Thursday. Post opening the session at $49.48, the shares hit an intraday low of $42.77 and an intraday high of $49.5 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, First Solar reported $0.87 EPS for the quarter, beating the analyst consensus estimate by $ 0.32 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.55. The company had revenue of $934.00 million for the quarter, compared to analysts expectations of $862.68 million. The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS.
Many Wall Street Analysts have commented on First Solar. Shares were Downgraded by Deutsche Bank on Jul 7, 2016 to ” Hold” and Lowered the Price Target to $ 44 from a previous price target of $80 .First Solar was Initiated by Wells Fargo to “Market Perform” on Jun 2, 2016.
First Solar Inc. is a global provider of solar energy solutions. The Company designs manufactures and sells photovoltaic (PV) solar modules and also develops designs constructs and sells PV solar power solutions. The Company operates through two segments: components and systems. The Companys components segment involves the design manufacture and sale of solar modules which convert sunlight into electricity. The systems segment provides turn-key PV solar power systems or solar solutions for systems primarily using its solar modules. The Company also manufactures crystalline silicon solar modules and single-axis mounting systems with tracking capabilities. The Company offers its products and services for residential commercial and industrial applications including solar power system project developers system integrators and solar plant operators throughout the Americas Asia Australia the Middle East and Africa.