Baldwin Brothers Incma buys $7,314,398 stake in First Solar (FSLR)

First Solar (FSLR) : Baldwin Brothers Incma scooped up 57,837 additional shares in First Solar during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 188,564 shares of First Solar which is valued at $7,314,398.First Solar makes up approximately 1.46% of Baldwin Brothers Incma’s portfolio.

Other Hedge Funds, Including , Marathon Capital Management boosted its stake in FSLR in the latest quarter, The investment management firm added 21,455 additional shares and now holds a total of 27,355 shares of First Solar which is valued at $1,061,100. First Solar makes up approx 0.55% of Marathon Capital Management’s portfolio.Janney Montgomery Scott reduced its stake in FSLR by selling 319 shares or 3.22% in the most recent quarter. The Hedge Fund company now holds 9,590 shares of FSLR which is valued at $423,015. First Solar makes up approx 0.01% of Janney Montgomery Scott’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in FSLR in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 7,771 shares of First Solar which is valued at $382,644. First Solar makes up approx 0.01% of Oregon Public Employees Retirement Fund’s portfolio.Checchi Capital Advisers boosted its stake in FSLR in the latest quarter, The investment management firm added 22 additional shares and now holds a total of 271 shares of First Solar which is valued at $13,041.

First Solar closed down -0.23 points or -0.61% at $37.45 with 17,01,053 shares getting traded on Tuesday. Post opening the session at $37.74, the shares hit an intraday low of $37.3825 and an intraday high of $38 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 Reiterated by Barclays on Aug 10, 2016 to “Overweight” and Lowered the Price Target to $ 50 from a previous price target of $68 .Shares were Reiterated by Mizuho on Aug 10, 2016 to “Neutral” and Lowered the Price Target to $ 46 from a previous price target of $67 .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 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 Company’s 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.

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