How Institutional Investors Played First Solar in Q4



First Solar

The Vanguard Group, the top institutional investor in First Solar (FSLR), continued to trim its stake in the solar company during the fourth quarter. The Vanguard Group held 6.6% of First Solar’s total outstanding shares as of December 31. In the third quarter, the Vanguard Group sold 0.6 million shares of First Solar.


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Notable additions 

BlackRock Institutional Trust and Wellington Management each added more than 1.0 million shares of First Solar during the fourth quarter. They have been increasing their stake in the solar company for the last few quarters. At the end of the fourth quarter, BlackRock held 6.3%, while Wellington Management held ~6% in First Solar.

AQR Capital sold more than net 1.5 million shares, while Luminus Management offloaded 0.9 million First Solar shares during the fourth quarter.

First Solar stock has risen more than 20% YTD (year-to-date). The company is scheduled to release its fourth-quarter earnings on February 21.

Analysts’ recommendations

First Solar stock offers a handsome potential upside of more than 24% going forward—compared to its current market price of $52.06. Analysts have given First Solar a median target price of $64.73 for the next 12 months.

Among the 15 analysts that currently track First Solar, three recommended a “strong buy,” six recommended a “buy,” and six recommended a “hold.” None of the analysts recommended a “sell.”


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