CenterBook Partners LP Has $8.93 Million Holdings in First Solar, Inc. $FSLR

CenterBook Partners LP raised its holdings in First Solar, Inc. (NASDAQ:FSLR) by 195.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 40,480 shares of the solar cell manufacturer’s stock after purchasing an additional 26,771 shares during the quarter. CenterBook Partners LP’s holdings in First Solar were worth $8,927,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SFE Investment Counsel boosted its holdings in shares of First Solar by 9.1% in the 2nd quarter. SFE Investment Counsel now owns 69,810 shares of the solar cell manufacturer’s stock valued at $11,556,000 after purchasing an additional 5,852 shares in the last quarter. Joule Financial LLC bought a new stake in shares of First Solar during the 3rd quarter worth $950,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in First Solar by 22.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 77,155 shares of the solar cell manufacturer’s stock valued at $17,015,000 after buying an additional 13,904 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in First Solar in the second quarter valued at about $1,323,000. Finally, State Street Corp raised its stake in First Solar by 2.1% during the second quarter. State Street Corp now owns 5,326,082 shares of the solar cell manufacturer’s stock worth $881,680,000 after acquiring an additional 111,927 shares in the last quarter. 92.08% of the stock is currently owned by institutional investors.

First Solar Price Performance

Shares of NASDAQ FSLR opened at $226.05 on Wednesday. The company has a market capitalization of $24.26 billion, a PE ratio of 17.36, a P/E/G ratio of 0.29 and a beta of 1.60. The company has a quick ratio of 1.55, a current ratio of 1.91 and a debt-to-equity ratio of 0.03. First Solar, Inc. has a twelve month low of $116.56 and a twelve month high of $285.99. The firm has a fifty day simple moving average of $247.55 and a 200 day simple moving average of $234.39.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. DZ Bank downgraded shares of First Solar from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 31st. Morgan Stanley set a $275.00 target price on shares of First Solar in a research report on Friday, October 31st. UBS Group upped their price target on shares of First Solar from $275.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Daiwa Securities Group increased their price target on First Solar from $215.00 to $284.00 and gave the company an “outperform” rating in a research note on Tuesday, December 9th. Finally, Bank of America reduced their price objective on First Solar from $291.00 to $271.00 and set a “buy” rating on the stock in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $275.61.

First Solar Company Profile

First Solar, Inc (NASDAQ: FSLR) is a United States–based solar technology company best known for designing and manufacturing thin‑film photovoltaic (PV) modules that use cadmium telluride (CdTe) semiconductor technology. The company supplies PV modules and delivers integrated solar power solutions for utility‑scale projects, positioning itself as a provider of both components and complete solar energy systems rather than solely a parts supplier. First Solar was founded in 1999 and is headquartered in Tempe, Arizona.

Beyond module manufacturing, First Solar offers a range of project services including development support, engineering, procurement and construction (EPC) services, and operations and maintenance (O&M) for large-scale solar installations.