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

Thrivent Financial for Lutherans trimmed its holdings in First Solar, Inc. (NASDAQ:FSLR) by 2.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of FSLR. Electron Capital Partners LLC grew 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 purchasing an additional 7,660,409 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of 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 buying an additional 64,265 shares during the period. Bank of New York Mellon Corp increased its position in shares of 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 worth $147,080,000 after acquiring an additional 2,378 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of 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 acquiring an additional 516,783 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of First Solar by 4.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 524,203 shares of the solar cell manufacturer’s stock worth $134,476,000 after acquiring an additional 23,393 shares during the period. 92.08% of the stock is currently owned by institutional investors.

First Solar Stock Up 3.5 %

Shares of FSLR opened at $199.27 on Monday. The firm has a market cap of $21.33 billion, a P/E ratio of 17.16, a price-to-earnings-growth ratio of 0.35 and a beta of 1.48. 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 52 week low of $135.88 and a 52 week high of $306.77. The firm’s 50-day simple moving average is $208.12 and its 200 day simple moving average is $225.68.

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

Analyst Ratings Changes

A number of brokerages recently weighed in on FSLR. Mizuho reduced their target price on shares of First Solar from $274.00 to $257.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Morgan Stanley decreased their price objective on First Solar from $329.00 to $297.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Jefferies Financial Group cut their target price on First Solar from $271.00 to $266.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Wells Fargo & Company reduced their price target on First Solar from $250.00 to $240.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Finally, Seaport Res Ptn upgraded shares of First Solar to a “hold” rating in a report on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.