Vigilant Capital Management buys $6,418,428 stake in First Solar (FSLR)

First Solar (FSLR) : Vigilant Capital Management scooped up 41,530 additional shares in First Solar during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 132,530 shares of First Solar which is valued at $6,418,428.First Solar makes up approximately 1.19% of Vigilant Capital Management’s portfolio.

Other Hedge Funds, Including , Regentatlantic Capital reduced its stake in FSLR by selling 2,490 shares or 29.37% in the most recent quarter. The Hedge Fund company now holds 5,989 shares of FSLR which is valued at $290,047. First Solar makes up approx 0.03% of Regentatlantic Capital’s portfolio.Capstone Asset Management Co reduced its stake in FSLR by selling 2,147 shares or 13.16% in the most recent quarter. The Hedge Fund company now holds 14,167 shares of FSLR which is valued at $654,515. First Solar makes up approx 0.02% of Capstone Asset Management Co’s portfolio.Creative Planning boosted its stake in FSLR in the latest quarter, The investment management firm added 2,908 additional shares and now holds a total of 5,451 shares of First Solar which is valued at $251,836. Alpha Windward sold out all of its stake in FSLR during the most recent quarter. The investment firm sold 7,054 shares of FSLR which is valued $321,662.Next Financial Group Inc boosted its stake in FSLR in the latest quarter, The investment management firm added 530 additional shares and now holds a total of 880 shares of First Solar which is valued at $40,128. First Solar makes up approx 0.01% of Next Financial Group Inc’s portfolio.

First Solar opened for trading at $47.93 and hit $48.93 on the upside on Wednesday, eventually ending the session at $48.43, with a gain of 1.45% or 0.69 points. The heightened volatility saw the trading volume jump to 19,99,244 shares. Company has a market cap of $4,952 M.

On the company’s financial health, First Solar reported $1.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.63 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.97. The company had revenue of $848.00 million for the quarter, compared to analysts expectations of $940.04 million. The company’s revenue was up 80.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.62 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 was Upgraded by Standpoint Research to ” Buy” on Apr 29, 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 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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