Centaurus Financial Inc. Sells 92 Shares of First Solar, Inc. (NASDAQ:FSLR)

Centaurus Financial Inc. decreased its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 11.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 702 shares of the solar cell manufacturer’s stock after selling 92 shares during the period. Centaurus Financial Inc.’s holdings in First Solar were worth $175,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of FSLR. Electron Capital Partners LLC increased its position in First Solar by 81,947.0% during the 2nd quarter. Electron Capital Partners LLC now owns 7,669,757 shares of the solar cell manufacturer’s stock worth $1,729,223,000 after buying an additional 7,660,409 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of First Solar by 0.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,743,813 shares of the solar cell manufacturer’s stock valued at $434,977,000 after acquiring an additional 15,890 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in First Solar by 8.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 795,393 shares of the solar cell manufacturer’s stock worth $179,478,000 after purchasing an additional 64,265 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in First Solar by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 716,104 shares of the solar cell manufacturer’s stock valued at $178,625,000 after purchasing an additional 34,738 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of First Solar by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 652,354 shares of the solar cell manufacturer’s stock worth $147,080,000 after purchasing an additional 2,378 shares in the last quarter. Institutional investors and hedge funds own 92.08% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FSLR shares. Bank of America cut their price target on First Solar from $321.00 to $269.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. StockNews.com raised First Solar from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $260.00 price target (down previously from $286.00) on shares of First Solar in a research note on Wednesday, October 30th. UBS Group increased their price objective on shares of First Solar from $350.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada cut their price target on shares of First Solar from $315.00 to $280.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Four 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $279.04.

First Solar Stock Up 0.1 %

Shares of NASDAQ:FSLR opened at $192.57 on Thursday. The firm has a market cap of $20.62 billion, a P/E ratio of 16.59, a P/E/G ratio of 0.34 and a beta of 1.48. First Solar, Inc. has a 12-month low of $135.88 and a 12-month high of $306.77. The business has a fifty day simple moving average of $210.88 and a 200 day simple moving average of $225.81. The company has a quick ratio of 1.44, a current ratio of 2.14 and a debt-to-equity ratio of 0.05.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings data 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). The company had revenue of $887.70 million for the quarter, compared to the consensus estimate of $1.07 billion. First Solar had a return on equity of 17.56% and a net margin of 32.41%. First Solar’s revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.50 earnings per share. Analysts predict that First Solar, Inc. will post 13.15 earnings per share for the current year.

First Solar Company Profile

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.