Whalen Wealth Management Inc. Has $367,000 Stake in First Solar, Inc. (NASDAQ:FSLR)

Whalen Wealth Management Inc. decreased its holdings in First Solar, Inc. (NASDAQ:FSLR - Free Report) by 59.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,626 shares of the solar cell manufacturer's stock after selling 2,393 shares during the period. Whalen Wealth Management Inc.'s holdings in First Solar were worth $367,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cambridge Trust Co. grew its stake in First Solar by 1.6% in the first quarter. Cambridge Trust Co. now owns 3,232 shares of the solar cell manufacturer's stock valued at $546,000 after purchasing an additional 50 shares during the last quarter. Great Diamond Partners LLC increased its position in shares of First Solar by 3.8% in the first quarter. Great Diamond Partners LLC now owns 1,463 shares of the solar cell manufacturer's stock valued at $247,000 after buying an additional 53 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its position in shares of First Solar by 24.9% in the second quarter. Massmutual Trust Co. FSB ADV now owns 311 shares of the solar cell manufacturer's stock valued at $70,000 after buying an additional 62 shares in the last quarter. Family Legacy Inc. increased its position in shares of First Solar by 1.4% in the first quarter. Family Legacy Inc. now owns 4,950 shares of the solar cell manufacturer's stock valued at $836,000 after buying an additional 69 shares in the last quarter. Finally, Harbor Investment Advisory LLC increased its position in shares of First Solar by 36.0% during the first quarter. Harbor Investment Advisory LLC now owns 272 shares of the solar cell manufacturer's stock worth $46,000 after purchasing an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 92.08% of the company's stock.

Insider Activity

In other news, CAO Byron Michael Jeffers sold 500 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $220.00, for a total transaction of $110,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other First Solar news, insider Patrick James Buehler sold 8,619 shares of the business's stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $222.00, for a total transaction of $1,913,418.00. Following the sale, the insider now directly owns 3,468 shares of the company's stock, valued at approximately $769,896. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Byron Michael Jeffers sold 500 shares of the business's stock in a transaction on Monday, August 12th. The shares were sold at an average price of $220.00, for a total transaction of $110,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,506 shares of company stock worth $2,827,217. Insiders own 0.58% of the company's stock.

First Solar Price Performance

FSLR traded down $14.63 during trading on Tuesday, reaching $212.74. The stock had a trading volume of 2,481,228 shares, compared to its average volume of 2,421,036. The firm has a market capitalization of $22.77 billion, a price-to-earnings ratio of 23.83, a price-to-earnings-growth ratio of 0.38 and a beta of 1.44. The company has a quick ratio of 1.65, a current ratio of 2.23 and a debt-to-equity ratio of 0.06. First Solar, Inc. has a 1-year low of $129.21 and a 1-year high of $306.77. The stock has a 50 day moving average of $223.75 and a two-hundred day moving average of $206.16.

First Solar (NASDAQ:FSLR - Get Free Report) last released its earnings results on Tuesday, July 30th. The solar cell manufacturer reported $3.25 earnings per share for the quarter, topping analysts' consensus estimates of $2.69 by $0.56. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $939.71 million. First Solar had a return on equity of 17.73% and a net margin of 31.98%. The firm's revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.85 earnings per share. As a group, equities analysts anticipate that First Solar, Inc. will post 13.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the company. Mizuho reiterated a "neutral" rating and set a $274.00 price target (up from $209.00) on shares of First Solar in a research report on Thursday, May 30th. Morgan Stanley increased their price objective on First Solar from $248.00 to $331.00 and gave the company an "overweight" rating in a report on Tuesday, June 4th. DZ Bank raised First Solar from a "hold" rating to a "buy" rating and set a $280.00 target price for the company in a research report on Thursday, August 1st. Roth Mkm reissued a "buy" rating and issued a $320.00 price target (up from $230.00) on shares of First Solar in a report on Friday, May 31st. Finally, Janney Montgomery Scott downgraded First Solar from a "buy" rating to a "neutral" rating in a research note on Tuesday, June 18th. Five analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $275.36.

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.