First Solar, Inc. (NASDAQ:FSLR) Shares Sold by Centiva Capital LP

Centiva Capital LP lowered its stake in First Solar, Inc. (NASDAQ:FSLR) by 62.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 5,889 shares of the solar cell manufacturer’s stock after selling 9,686 shares during the period. Centiva Capital LP’s holdings in First Solar were worth $1,469,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Massmutual Trust Co. FSB ADV grew its position in First Solar by 14.5% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 356 shares of the solar cell manufacturer’s stock worth $89,000 after purchasing an additional 45 shares during the last quarter. Davis Investment Partners LLC lifted its stake in shares of First Solar by 0.6% in the 3rd quarter. Davis Investment Partners LLC now owns 7,698 shares of the solar cell manufacturer’s stock worth $1,805,000 after acquiring an additional 46 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of First Solar by 0.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 9,172 shares of the solar cell manufacturer’s stock valued at $2,068,000 after acquiring an additional 49 shares in the last quarter. Gilman Hill Asset Management LLC increased its stake in shares of First Solar by 2.8% during the third quarter. Gilman Hill Asset Management LLC now owns 1,825 shares of the solar cell manufacturer’s stock valued at $455,000 after acquiring an additional 50 shares during the period. Finally, Covestor Ltd lifted its position in First Solar by 6.4% in the third quarter. Covestor Ltd now owns 916 shares of the solar cell manufacturer’s stock worth $229,000 after purchasing an additional 55 shares during the period. 92.08% of the stock is currently owned by institutional investors.

First Solar Stock Down 0.2 %

FSLR opened at $207.51 on Wednesday. The firm has a market cap of $22.22 billion, a P/E ratio of 17.87, a price-to-earnings-growth ratio of 0.36 and a beta of 1.46. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.44 and a current ratio of 2.14. The business has a 50 day moving average price of $207.29 and a 200 day moving average price of $226.01. First Solar, Inc. has a twelve month low of $135.88 and a twelve month high of $306.77.

First Solar (NASDAQ:FSLR) last released its earnings results on Tuesday, October 29th. The solar cell manufacturer reported $2.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.10 by ($0.19). First Solar had a net margin of 32.41% and a return on equity of 17.56%. The business had revenue of $887.70 million during the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the business earned $2.50 EPS. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. Research analysts forecast that First Solar, Inc. will post 13.15 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on FSLR shares. Bank of America dropped their price objective on First Solar from $321.00 to $269.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. BMO Capital Markets restated an “outperform” rating and set a $260.00 price objective (down previously from $286.00) on shares of First Solar in a research report on Wednesday, October 30th. The Goldman Sachs Group dropped their price target on First Solar from $311.00 to $279.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Guggenheim decreased their target price on shares of First Solar from $368.00 to $335.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, Evercore ISI cut their price target on shares of First Solar from $281.00 to $278.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $280.71.

About First Solar

First Solar, Inc, a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules.