Sumitomo Mitsui Financial Group Inc. Grows Stock Position in First Solar, Inc. $FSLR

Posted by Brian Himes on Jun 12th, 2026

Sumitomo Mitsui Financial Group Inc. raised its holdings in shares of First Solar, Inc. (NASDAQ:FSLR – Free Report) by 7.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,125 shares of the solar cell manufacturer’s stock after purchasing an additional 7,333 shares during the period. Sumitomo Mitsui Financial Group Inc.’s holdings in First Solar were worth $29,290,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Norges Bank bought a new stake in shares of First Solar in the 4th quarter worth approximately $392,040,000. Viking Global Investors LP grew its position in shares of First Solar by 60.6% in the 2nd quarter. Viking Global Investors LP now owns 2,266,050 shares of the solar cell manufacturer’s stock worth $375,122,000 after buying an additional 854,919 shares during the last quarter. Lightrock Netherlands B.V. grew its position in shares of First Solar by 2,663.8% in the 4th quarter. Lightrock Netherlands B.V. now owns 666,307 shares of the solar cell manufacturer’s stock worth $174,059,000 after buying an additional 642,199 shares during the last quarter. Amundi grew its position in shares of First Solar by 38.6% in the 3rd quarter. Amundi now owns 2,025,835 shares of the solar cell manufacturer’s stock worth $459,917,000 after buying an additional 564,032 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of First Solar by 3.5% in the 3rd quarter. Vanguard Group Inc. now owns 13,721,979 shares of the solar cell manufacturer’s stock worth $3,026,108,000 after buying an additional 464,130 shares during the last quarter. Hedge funds and other institutional investors own 92.08% of the company’s stock.

Insider Activity

In related news, insider Caroline Stockdale sold 10,628 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $275.60, for a total value of $2,929,076.80. Following the sale, the insider owned 23,792 shares in the company, valued at $6,557,075.20. This represents a 30.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Georges Antoun sold 566 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $215.63, for a total value of $122,046.58. Following the transaction, the insider directly owned 19,918 shares of the company’s stock, valued at approximately $4,294,918.34. This trade represents a 2.76% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 60,694 shares of company stock worth $13,659,583. 0.39% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. DZ Bank upgraded First Solar to a “strong sell” rating in a research report on Thursday, February 26th. Freedom Capital upgraded First Solar from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Barclays cut their price objective on First Solar from $228.00 to $213.00 and set an “overweight” rating on the stock in a research report on Monday, April 20th. Deutsche Bank Aktiengesellschaft lowered First Solar from a “buy” rating to a “hold” rating and cut their price objective for the stock from $300.00 to $245.00 in a research report on Wednesday, February 25th. Finally, The Goldman Sachs Group lifted their price objective on First Solar from $300.00 to $310.00 in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $248.88.

Read Our Latest Stock Analysis on FSLR

First Solar Stock Performance

Shares of FSLR stock opened at $271.17 on Friday. First Solar, Inc. has a 12 month low of $135.50 and a 12 month high of $320.95. The stock has a market cap of $29.14 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 0.55 and a beta of 1.71. The company has a current ratio of 2.56, a quick ratio of 2.15 and a debt-to-equity ratio of 0.02. The company’s fifty day moving average price is $230.60 and its 200-day moving average price is $233.42.

First Solar (NASDAQ:FSLR – Get Free Report) last announced its earnings results on Thursday, April 30th. The solar cell manufacturer reported $3.22 EPS for the quarter, beating analysts’ consensus estimates of $2.87 by $0.35. First Solar had a net margin of 30.73% and a return on equity of 18.01%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the business posted $1.95 EPS. The company’s quarterly revenue was up 23.6% on a year-over-year basis. On average, equities analysts expect that First Solar, Inc. will post 17.61 EPS for the current fiscal year.

About First Solar

(Free Report)

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.