BlackRock Reduces First Solar Stake to 4.36 Percent Outstanding

BlackRock Inc. reduced its stake in First Solar Inc. 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.