Courier Capital LLC Sells 110 Shares of First Solar, Inc. $FSLR

Courier Capital LLC decreased its position in First Solar, Inc. (NASDAQ:FSLR) by 1.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,021 shares of the solar cell manufacturer’s stock after selling 110 shares during the period. Courier Capital LLC’s holdings in First Solar were worth $1,659,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of FSLR. TD Asset Management Inc raised its position in shares of First Solar by 127.5% in the 2nd quarter. TD Asset Management Inc now owns 87,069 shares of the solar cell manufacturer’s stock worth $14,413,000 after acquiring an additional 48,797 shares in the last quarter. Naviter Wealth LLC acquired a new stake in First Solar during the second quarter worth approximately $240,000. Envestnet Portfolio Solutions Inc. lifted its stake in First Solar by 6.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,877 shares of the solar cell manufacturer’s stock valued at $311,000 after buying an additional 111 shares during the period. Sequoia Financial Advisors LLC bought a new position in shares of First Solar during the 2nd quarter worth approximately $327,000. Finally, CWM LLC grew its position in shares of First Solar by 2,116.8% during the 2nd quarter. CWM LLC now owns 45,489 shares of the solar cell manufacturer’s stock worth $7,530,000 after buying an additional 43,437 shares during the period. 92.08% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Mark R. Widmar sold 23,912 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $185.47, for a total transaction of $4,434,958.64. Following the completion of the transaction, the chief executive officer owned 87,978 shares in the company, valued at approximately $16,317,279.66. This represents a 21.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Nathan B. Theurer sold 686 shares of the firm’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $182.03, for a total transaction of $124,872.58. The disclosure for this sale can be found here. Insiders sold a total of 30,715 shares of company stock valued at $5,733,305 in the last 90 days. Corporate insiders own 0.48% of the company’s stock.

Analysts Set New Price Targets

FSLR has been the topic of a number of research reports. Jefferies Financial Group boosted their target price on shares of First Solar from $212.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Bank of America upped their price objective on shares of First Solar from $185.00 to $201.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. TD Cowen raised their target price on First Solar from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Citigroup boosted their price target on shares of First Solar from $198.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of First Solar in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $236.60.

First Solar Trading Down 0.8%

Shares of FSLR stock opened at $224.43 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.41 and a current ratio of 1.90. The company has a market capitalization of $24.07 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 0.45 and a beta of 1.38. First Solar, Inc. has a 52-week low of $116.56 and a 52-week high of $237.20. The company has a 50-day simple moving average of $207.70 and a two-hundred day simple moving average of $173.01.

First Solar (NASDAQ:FSLR) last posted its earnings results on Thursday, July 31st. The solar cell manufacturer reported $3.18 EPS for the quarter, topping the consensus estimate of $2.68 by $0.50. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.03 billion. First Solar had a net margin of 28.95% and a return on equity of 15.57%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $3.25 EPS. First Solar has set its FY 2025 guidance at 13.500-16.500 EPS. Research analysts anticipate that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

About First Solar

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.