3,013 Shares in First Solar, Inc. $FSLR Bought by Persistent Asset Partners Ltd

Persistent Asset Partners Ltd acquired a new position in shares of First Solar, Inc. (NASDAQ:FSLRFree Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,013 shares of the solar cell manufacturer’s stock, valued at approximately $702,000.

A number of other hedge funds have also bought and sold shares of the company. Woodline Partners LP lifted its holdings in shares of First Solar by 40.7% in the 1st quarter. Woodline Partners LP now owns 9,044 shares of the solar cell manufacturer’s stock worth $1,143,000 after acquiring an additional 2,615 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in First Solar by 50.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 516 shares of the solar cell manufacturer’s stock valued at $85,000 after purchasing an additional 174 shares during the last quarter. Brown Advisory Inc. grew its holdings in First Solar by 84.3% during the 2nd quarter. Brown Advisory Inc. now owns 4,529 shares of the solar cell manufacturer’s stock valued at $750,000 after purchasing an additional 2,072 shares during the last quarter. Cerity Partners LLC purchased a new stake in First Solar in the 2nd quarter worth about $494,000. Finally, AXA S.A. raised its position in First Solar by 6.3% in the 2nd quarter. AXA S.A. now owns 18,862 shares of the solar cell manufacturer’s stock worth $3,122,000 after purchasing an additional 1,115 shares during the period. Institutional investors own 92.08% of the company’s stock.

Insider Activity

In other First Solar news, insider Michael Koralewski sold 7,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $221.51, for a total transaction of $1,550,570.00. Following the transaction, the insider directly owned 7,642 shares in the company, valued at $1,692,779.42. This trade represents a 47.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mark R. Widmar sold 4,815 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $247.43, for a total value of $1,191,375.45. Following the transaction, the chief executive officer owned 89,033 shares in the company, valued at $22,029,435.19. The trade was a 5.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 30,979 shares of company stock valued at $7,694,724. Insiders own 0.39% of the company’s stock.

First Solar Price Performance

Shares of FSLR opened at $225.56 on Monday. First Solar, Inc. has a 1-year low of $179.06 and a 1-year high of $320.95. The company has a 50-day moving average of $233.60 and a 200 day moving average of $224.75. The firm has a market capitalization of $24.24 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 0.49 and a beta of 1.76.

First Solar (NASDAQ:FSLRGet Free Report) last released its quarterly earnings data on Thursday, July 30th. The solar cell manufacturer reported $3.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $1.02. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.06 billion. First Solar had a net margin of 32.47% and a return on equity of 18.02%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the company earned $3.18 EPS. On average, equities analysts anticipate that First Solar, Inc. will post 17.75 earnings per share for the current fiscal year.

More First Solar News

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

  • Positive Sentiment: Robert W. Baird upgraded First Solar to Outperform and established a $318 price target. The firm said a Section 232 tariff decision removes a key overhang and could allow customers to resume bookings, improving the company’s outlook. First Solar Upgraded at Robert W. Baird
  • Positive Sentiment: Solar power generated more electricity than wind globally for the first time last year and nearly matched nuclear generation. The milestone supports the broader growth case for solar manufacturers such as First Solar, although it does not represent a company-specific earnings update. Solar Power Hits Big Milestone, Trumping Wind For First Time
  • Neutral Sentiment: First Solar’s general counsel sold 3,700 shares worth approximately $922,706 under a pre-arranged Rule 10b5-1 trading plan. The transaction reduced his holdings by about 40%, but the planned nature of the sale limits its value as a signal about management’s current expectations. Jason Dymbort Sells First Solar Shares
  • Negative Sentiment: Multiple law firms are publicizing a securities class action against First Solar and certain officers. The alleged class period is February 26, 2025, through February 24, 2026, and investors have until August 24, 2026, to seek lead-plaintiff status. The notices allege securities-law violations and investor losses related to disclosures concerning tariffs and company guidance; the allegations have not been proven. Pomerantz First Solar Class Action Filing

Wall Street Analyst Weigh In

Several brokerages have issued reports on FSLR. Susquehanna raised their price objective on shares of First Solar from $250.00 to $270.00 and gave the stock a “positive” rating in a research note on Friday, July 10th. Wells Fargo & Company upped their target price on First Solar from $300.00 to $313.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. BMO Capital Markets reduced their price target on First Solar from $252.00 to $237.00 and set a “market perform” rating on the stock in a report on Monday, April 20th. Roth Capital reissued a “buy” rating and set a $300.00 price target on shares of First Solar in a research note on Friday, July 24th. Finally, Weiss Ratings upgraded First Solar from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, First Solar presently has an average rating of “Moderate Buy” and a consensus target price of $261.79.

View Our Latest Report on First Solar

First Solar Company Profile

(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.

Further Reading

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Institutional Ownership by Quarter for First Solar (NASDAQ:FSLR)

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