Will First Solar’s Largest Investors Sell More After This News?

In 2012, First Solar’s (NASDAQ:FSLR) shares are down 44.76 percent. Last week, the company stopped panel deliveries to the $1.8 billion photovoltaic power plant they’re building in Arizona. They said construction is ahead of schedule and it needs to move slower to achieve its contractual milestones.

First Solar won’t ship any modules until January for the project and it said panels will not be installed for now. The solar farm has an end of 2013 date; it currently is 85 percent complete.

With the project slowdown, will First Solar’s largest shareholders decrease their holdings? 367 institutional firms indicated owning shares of First Solar, Inc. (NASDAQ:FSLR) in Q2 2012. These firms reported owning a total of 82.832 million shares on 06/30/2012. The shares closed at $15.06 on 06/30/2012.

Here are the ten largest positions in First Solar, Inc. at the end of June 30th, 2012.

Price T Rowe Associates Inc /MD/ held 7,623,761 shares on 06/30/2012 worth $114,813,844. This brought the portfolio total to 0.04%.

Morgan Stanley held 6,732,835 shares on 06/30/2012 worth $101,396,498. This brought the portfolio total to 0.06%.

Putnam Investment Management LLC held 4,011,700 shares on 06/30/2012 worth $60,416,204. This brought the portfolio total to 0.17%.

Vanguard Group Inc held 3,780,735 shares on 06/30/2012 worth $56,937,871. This brought the portfolio total to 0.01%.

Susquehanna International Group LLP held 3,381,300 shares on 06/30/2012 worth $50,923. This brought the portfolio total to 0.0%.

Coatue Management LLC held 2,928,677 shares on 06/30/2012 worth $44,105,877. This brought the portfolio total to 0.83%.

Citigroup Inc held 2,633,966 shares on 06/30/2012 worth $39,668,000. This brought the portfolio total to 0.03%.

State Street Corp held 2,630,665 shares on 06/30/2012 worth $39,617,816. This brought the portfolio total to 0.01%.

Susquehanna International Group LLP held 2,438,500 shares on 06/30/2012 worth $36,723.

I.G. Investment Management Ltd. held 2,193,600 shares on 06/30/2012 worth $33,035,617. This brought the portfolio total to 0.15%.

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