CenterBook Partners LP Buys 26,771 Shares of First Solar, Inc. $FSLR

CenterBook Partners LP increased its stake in First Solar, Inc. (NASDAQ:FSLR) by 195.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,480 shares of the solar cell manufacturer’s stock after purchasing an additional 26,771 shares during the period. CenterBook Partners LP’s holdings in First Solar were worth $8,927,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of FSLR. Strategic Wealth Investment Group LLC acquired a new position in First Solar during the second quarter valued at approximately $26,000. Hantz Financial Services Inc. boosted its position in shares of First Solar by 69.4% during the second quarter. Hantz Financial Services Inc. now owns 183 shares of the solar cell manufacturer’s stock worth $30,000 after purchasing an additional 75 shares in the last quarter. Total Investment Management Inc. acquired a new position in shares of First Solar in the 2nd quarter valued at $36,000. Private Trust Co. NA increased its position in shares of First Solar by 2,610.0% in the 2nd quarter. Private Trust Co. NA now owns 271 shares of the solar cell manufacturer’s stock valued at $45,000 after buying an additional 261 shares in the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new stake in First Solar during the 2nd quarter worth $47,000. 92.08% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on FSLR shares. Mizuho decreased their target price on First Solar from $335.00 to $326.00 and set an “outperform” rating for the company in a research note on Wednesday, February 11th. Needham & Company LLC assumed coverage on First Solar in a research note on Wednesday, October 22nd. They set a “buy” rating and a $286.00 target price for the company. Raymond James Financial began coverage on shares of First Solar in a report on Monday, January 12th. They set a “market perform” rating on the stock. Daiwa Securities Group upped their price target on shares of First Solar from $215.00 to $284.00 and gave the company an “outperform” rating in a report on Tuesday, December 9th. Finally, Glj Research raised their price objective on shares of First Solar from $214.06 to $314.43 and gave the stock a “buy” rating in a report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $275.61.

First Solar Stock Up 0.2%

FSLR stock opened at $226.05 on Wednesday. First Solar, Inc. has a twelve month low of $116.56 and a twelve month high of $285.99. The company has a market cap of $24.26 billion, a price-to-earnings 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. The business has a 50 day moving average price of $247.55 and a two-hundred day moving average price of $234.39.

First Solar 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.