This article first appeared on GuruFocus.
ETF flows into First Solar (FSLR) totaled a net $10.9 million last Thursday, as 33 ETFs bought shares and 13 sold. The buying outweighed selling by a wide margin in fund count. The move followed a net outflow of $1.0 million on Wednesday and inflows of $3.4 million on Tuesday and $0.9 million on Monday. Before that, funds added a net $2.7 million on Oct. 30.
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Which ETFs bought FSLR on Thursday?
The largest buyers by dollar value were TAN ($7.1 million), ICLN ($3.0 million) and RSP ($1.5 million). In all, 33 ETFs added shares and 13 cut them.
TAN led the buying with a $7.1 million increase in value, lifting its stake by 7.37% to 528,901 shares at a 10.0% weight. ICLN added $3.0 million, a 1.58% stake increase to 974,915 shares at a 9.16% weight. RSP contributed $1.5 million, IYE $0.3 million and XLK $0.2 million, with PBW, SPHB and SPYM each adding $0.1 million. First Solar sits in the Technology sector’s Solar industry with a market cap of $21.6 billion.
Have ETFs been buying or selling FSLR lately?
Over the last 5 reported days, ETFs were net buyers on 4 and net sellers on 1, so the recent trend is mostly buying.
What does FSLR do?
First Solar Inc. is a US-based manufacturer of solar photovoltaic modules and a provider of utility-scale solar power solutions. The company produces thin-film solar modules using cadmium telluride semiconductor technology, which it manufactures at facilities in the United States, Malaysia, Vietnam, and India.
First Solar reported trailing-12-month revenue of $5.01 billion, down 0.9% from a year earlier. Gross margin was 49.2% and net margin 37.1%. The stock trades at a P/E of 11.64, P/B of 1.99 and P/S of 4.32. Its GF Score is 89, and GF Value of $231.52 compares with a price of $201.14. The shares are down 23.0% year to date.