BlackRock Reduces First Solar Stake to 4.36 Percent Outstanding

BlackRock Inc. (BLK) reduced its stake in First Solar Inc. (FSLR) to 4.36 percent of shares outstanding from 5.26 percent, according to a regulatory filing.

The world’s biggest money manager now holds about 4.2 million shares of the largest supplier of thin-film solar panels, New York-based BlackRock said today. First Solar, based in Tempe, Arizona, has more than tripled in the past year.

To contact the reporter on this story: Christopher Martin in New York at cmartin11@bloomberg.net

To contact the editor responsible for this story: Jasmina Kelemen at jkelemen2@bloomberg.net

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