Cozad Asset Management Inc. Cuts Stake in First Solar, Inc. $FSLR

Cozad Asset Management Inc. cut its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 11.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 6,222 shares of the solar cell manufacturer’s stock after selling 800 shares during the period. Cozad Asset Management Inc.’s holdings in First Solar were worth $1,030,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Wealth Preservation Advisors LLC purchased a new stake in First Solar during the 1st quarter valued at about $25,000. TD Private Client Wealth LLC lifted its stake in shares of First Solar by 126.9% in the second quarter. TD Private Client Wealth LLC now owns 152 shares of the solar cell manufacturer’s stock worth $25,000 after buying an additional 85 shares in the last quarter. Harbor Investment Advisory LLC grew its holdings in shares of First Solar by 138.9% during the second quarter. Harbor Investment Advisory LLC now owns 172 shares of the solar cell manufacturer’s stock valued at $28,000 after buying an additional 100 shares during the last quarter. Hantz Financial Services Inc. increased 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 valued at $30,000 after acquiring an additional 75 shares in the last quarter. Finally, Colonial Trust Advisors purchased a new position in First Solar in the 1st quarter worth approximately $32,000. Institutional investors own 92.08% of the company’s stock.

Insiders Place Their Bets

In other news, Director Paul H. Stebbins sold 7,000 shares of First Solar stock in a transaction on Friday, November 7th. The shares were sold at an average price of $262.40, for a total transaction of $1,836,800.00. Following the transaction, the director owned 15,287 shares in the company, valued at $4,011,308.80. This trade represents a 31.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Georges Antoun sold 37,412 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $265.01, for a total value of $9,914,554.12. Following the completion of the sale, the insider owned 15,424 shares of the company’s stock, valued at $4,087,514.24. This trade represents a 70.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 48,912 shares of company stock worth $12,971,349. Company insiders own 0.48% of the company’s stock.

First Solar Trading Up 1.7%

First Solar stock opened at $249.91 on Friday. First Solar, Inc. has a 52-week low of $116.56 and a 52-week high of $281.55. The company has a market cap of $26.82 billion, a P/E ratio of 21.38, a P/E/G ratio of 0.46 and a beta of 1.51. The company has a quick ratio of 1.41, a current ratio of 1.90 and a debt-to-equity ratio of 0.04. The business has a 50-day simple moving average of $237.58 and a two-hundred day simple moving average of $197.01.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings data on Thursday, October 30th. The solar cell manufacturer reported $4.24 earnings per share for the quarter, missing the consensus estimate of $4.32 by ($0.08). The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.56 billion. First Solar had a return on equity of 15.57% and a net margin of 28.95%.First Solar’s revenue for the quarter was up 79.7% on a year-over-year basis. During the same quarter last year, the company earned $2.91 EPS. First Solar has set its FY 2025 guidance at 14.000-15.000 EPS. Analysts predict that First Solar, Inc. will post 13.05 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on FSLR. KeyCorp reiterated an “overweight” rating on shares of First Solar in a research note on Friday, October 31st. Jefferies Financial Group set a $269.00 price objective on First Solar and gave the company a “buy” rating in a research report on Friday, October 31st. Evercore ISI lifted their price objective on First Solar from $240.90 to $241.00 in a report on Friday, October 31st. UBS Group upped their target price on shares of First Solar from $275.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Finally, Cowen reissued a “buy” rating on shares of First Solar in a report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, First Solar presently has a consensus rating of “Moderate Buy” and an average target price of $269.79.

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.