Teachers Retirement System of The State of Kentucky Has $35.98 Million Stake in First Solar, Inc. $FSLR

Posted by Brenda Bartman on Jul 13th, 2026

Teachers Retirement System of The State of Kentucky grew its stake in shares of First Solar, Inc. (NASDAQ:FSLR – Free Report) by 35.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 182,379 shares of the solar cell manufacturer’s stock after purchasing an additional 48,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in First Solar were worth $35,976,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of FSLR. Apollon Wealth Management LLC lifted its holdings in shares of First Solar by 1.2% in the fourth quarter. Apollon Wealth Management LLC now owns 3,606 shares of the solar cell manufacturer’s stock valued at $942,000 after purchasing an additional 44 shares in the last quarter. Root Financial Partners LLC boosted its position in shares of First Solar by 18.2% during the fourth quarter. Root Financial Partners LLC now owns 292 shares of the solar cell manufacturer’s stock valued at $76,000 after buying an additional 45 shares during the last quarter. FIL Ltd grew its holdings in First Solar by 6.9% during the fourth quarter. FIL Ltd now owns 708 shares of the solar cell manufacturer’s stock worth $185,000 after buying an additional 46 shares in the last quarter. Fielder Capital Group LLC grew its holdings in First Solar by 4.1% during the fourth quarter. Fielder Capital Group LLC now owns 1,196 shares of the solar cell manufacturer’s stock worth $312,000 after buying an additional 47 shares in the last quarter. Finally, Burford Brothers Inc. raised its position in First Solar by 0.3% in the 4th quarter. Burford Brothers Inc. now owns 19,080 shares of the solar cell manufacturer’s stock valued at $4,984,000 after buying an additional 48 shares during the last quarter. 92.08% of the stock is owned by hedge funds and other institutional investors.

First Solar Stock Performance

Shares of First Solar stock opened at $227.83 on Monday. The business’s fifty day simple moving average is $250.91 and its 200 day simple moving average is $230.60. The company has a current ratio of 2.56, a quick ratio of 2.15 and a debt-to-equity ratio of 0.02. First Solar, Inc. has a 12 month low of $159.85 and a 12 month high of $320.95. The firm has a market capitalization of $24.48 billion, a P/E ratio of 14.72, a price-to-earnings-growth ratio of 0.50 and a beta of 1.73.

First Solar (NASDAQ:FSLR – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The solar cell manufacturer reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.87 by $0.35. First Solar had a return on equity of 18.01% and a net margin of 30.73%.The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the company earned $1.95 EPS. The business’s revenue for the quarter was up 23.6% on a year-over-year basis. As a group, analysts anticipate that First Solar, Inc. will post 17.6 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FSLR. BMO Capital Markets dropped their price objective on First Solar from $252.00 to $237.00 and set a “market perform” rating on the stock in a research note on Monday, April 20th. Zacks Research upgraded shares of First Solar from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings upgraded shares of First Solar from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 25th. Morgan Stanley raised their price target on shares of First Solar from $230.00 to $245.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, HSBC raised their price target on shares of First Solar from $211.00 to $231.00 and gave the company a “hold” rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $254.31.

Read Our Latest Stock Analysis on First Solar

Trending Headlines about First Solar

Here are the key news stories impacting First Solar this week:

Positive Sentiment: Susquehanna raised its price target on First Solar to $270 from $250 and maintained a positive rating, signaling continued analyst confidence in the stock’s upside potential. Benzinga report on Susquehanna price target increase
Neutral Sentiment: Zacks highlighted First Solar as a strong value stock, which may support the longer-term investment case but is unlikely to move the shares on its own. Zacks value stock article
Negative Sentiment: Multiple law firms issued class-action reminders and lead-plaintiff deadline alerts tied to First Solar, reinforcing legal uncertainty and potential investor concern around the company. Newsfile class action alert
Negative Sentiment: Recent coverage also tied the stock’s weakness to the earlier steep selloff and reduced 2026 guidance, which continues to hang over sentiment. PR Newswire class action alert

Insider Buying and Selling

In other First Solar news, insider Kuntal Kumar Verma sold 582 shares of First Solar stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $250.00, for a total value of $145,500.00. Following the sale, the insider owned 4,967 shares of the company’s stock, valued at approximately $1,241,750. The trade was a 10.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Georges Antoun sold 566 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $215.63, for a total transaction of $122,046.58. Following the completion of the transaction, the insider owned 19,918 shares in the company, valued at approximately $4,294,918.34. The trade was a 2.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 32,466 shares of company stock worth $8,014,105 in the last ninety days. Corporate insiders own 0.39% of the company’s stock.

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.