Will First Solar’s Stock Overreaction Worry These Top Institutional Shareholders?
Analysts are viewing First Solar’s (NASDAQ:FSLR) 45 percent stock surge on Tuesday as an overreaction, when the company revealed upside guidance. ”We continue to see [First Solar] as the best house in a bad neighborhood, however we don’t believe the outlook has radically changed to prompt the move,” said Jefferies. The firm remains bullish on the company’s long-term positioning.
These institutional firms indicated owning shares of First Solar, Inc. in Q1 2013. They reported owning a total of 104,540 shares on 03/31/2013. The shares closed at $26.96 on 03/31/2013.
Here are the six largest positions in First Solar, Inc. at the end of March 31st, 2013.
British Columbia Investment Management Corp. held 45,249 shares on 03/31/2013 worth $1,220,000. This brought the portfolio total to 0.01%.
Wolverine Asset Management LLC held 13,819 shares on 03/31/2013 worth $372,000. This brought the portfolio total to 0.01%.
Advantus Capital Management Inc. held 5,073 shares on 03/31/2013 worth $136,768. This brought the portfolio total to 0.01%.
Creative Planning held 1,133 shares on 03/31/2013 worth $31,000.
LS Investment Advisors LLC held 727 shares on 03/31/2013 worth $20,000.
Penseco Financial Services Corp. held 200 shares on 03/31/2013 worth $5,000.
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