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Principal Financial Group Inc. Has $42.67 Million Stock Position in First Solar, Inc. $FSLR
Principal Financial Group Inc. reduced its stake in First Solar, Inc. (NASDAQ:FSLR) by 13% in Q4, but still holds 163,337 shares valued at $42.67 million. First Solar recently reported strong Q1 results, exceeding analyst expectations with EPS of $3.22 and revenue of $1.04 billion. The stock maintains a “Moderate Buy” consensus rating from analysts, with an average price target of $246.10, despite some recent insider selling.