Thrivent Financial for Lutherans Has $1.09 Million Stock Position in First Solar, Inc. (NASDAQ:FSLR)

Thrivent Financial for Lutherans lowered its stake in First Solar, Inc. (NASDAQ:FSLR) by 2.6% during the third quarter, Holdings Channel reports. The firm owned 4,387 shares of the solar cell manufacturer’s stock after selling 119 shares during the period. Thrivent Financial for Lutherans’ holdings in First Solar were worth $1,094,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FSLR. Electron Capital Partners LLC raised its position in shares of First Solar by 81,947.0% in the 2nd quarter. Electron Capital Partners LLC now owns 7,669,757 shares of the solar cell manufacturer’s stock valued at $1,729,223,000 after buying an additional 7,660,409 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in First Solar by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 795,393 shares of the solar cell manufacturer’s stock valued at $179,478,000 after acquiring an additional 64,265 shares during the last quarter. Bank of New York Mellon Corp raised its position in First Solar by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 652,354 shares of the solar cell manufacturer’s stock valued at $147,080,000 after purchasing an additional 2,378 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in First Solar by 1,757.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 546,193 shares of the solar cell manufacturer’s stock worth $136,242,000 after purchasing an additional 516,783 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of First Solar by 4.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 524,203 shares of the solar cell manufacturer’s stock valued at $134,476,000 after purchasing an additional 23,393 shares in the last quarter. Institutional investors own 92.08% of the company’s stock.

First Solar Stock Performance

NASDAQ:FSLR opened at $199.27 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.44 and a current ratio of 2.14. First Solar, Inc. has a fifty-two week low of $135.88 and a fifty-two week high of $306.77. The company has a 50 day simple moving average of $208.12 and a two-hundred day simple moving average of $225.68. The company has a market capitalization of $21.33 billion, a PE ratio of 17.16, a P/E/G ratio of 0.35 and a beta of 1.48.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on FSLR shares. Hsbc Global Res raised First Solar to a “strong-buy” rating in a report on Wednesday, October 9th. Roth Mkm lowered their target price on First Solar from $320.00 to $280.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. William Blair assumed coverage on shares of First Solar in a research note on Thursday, August 29th. They issued a “market perform” rating on the stock. The Goldman Sachs Group lowered their price objective on shares of First Solar from $311.00 to $279.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, Mizuho cut their target price on shares of First Solar from $274.00 to $257.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $279.04.

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.