Green Alpha Advisors LLC acquired a new position in shares of First Solar, Inc. (NASDAQ:FSLR – Free Report) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 4,678 shares of the solar cell manufacturer’s stock, valued at approximately $1,104,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new stake in First Solar in the 2nd quarter valued at approximately $3,310,298,000. Norges Bank bought a new position in shares of First Solar during the 4th quarter worth approximately $392,040,000. Deutsche Bank AG bought a new position in shares of First Solar during the 2nd quarter worth approximately $212,626,000. Viking Global Investors LP raised its holdings in shares of First Solar by 60.6% in the second quarter. Viking Global Investors LP now owns 2,266,050 shares of the solar cell manufacturer’s stock valued at $375,122,000 after purchasing an additional 854,919 shares during the last quarter. Finally, Polar Capital Holdings Plc acquired a new stake in shares of First Solar in the fourth quarter valued at approximately $200,109,000. Institutional investors and hedge funds own 92.08% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts recently commented on FSLR shares. The Goldman Sachs Group increased their target price on shares of First Solar from $300.00 to $310.00 in a report on Friday, May 1st. Roth Capital reiterated a “buy” rating and issued a $300.00 price target on shares of First Solar in a research note on Friday, July 24th. Oppenheimer reissued a “market perform” rating on shares of First Solar in a research report on Friday, July 31st. Jefferies Financial Group set a $196.00 price objective on shares of First Solar in a research note on Monday, August 3rd. Finally, Weiss Ratings upgraded First Solar from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $264.44.
First Solar Trading Up 0.1%
Shares of NASDAQ FSLR opened at $214.28 on Friday. The company has a market capitalization of $23.03 billion, a P/E ratio of 13.21, a P/E/G ratio of 0.47 and a beta of 1.75. First Solar, Inc. has a 12 month low of $182.99 and a 12 month high of $320.95. The stock has a 50 day moving average of $228.86 and a 200-day moving average of $224.26.
First Solar (NASDAQ:FSLR – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The solar cell manufacturer reported $3.92 earnings per share for the quarter, beating analysts’ consensus estimates of $2.90 by $1.02. First Solar had a return on equity of 18.02% and a net margin of 32.47%.The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the business earned $3.18 EPS. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. Analysts predict that First Solar, Inc. will post 17.72 EPS for the current fiscal year.
Insider Transactions at First Solar
In other news, insider Caroline Stockdale sold 10,628 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $275.60, for a total value of $2,929,076.80. Following the transaction, the insider directly owned 23,792 shares of the company’s stock, valued at $6,557,075.20. This represents a 30.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Jason E. Dymbort sold 3,700 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $249.38, for a total transaction of $922,706.00. Following the sale, the general counsel owned 5,624 shares of the company’s stock, valued at approximately $1,402,513.12. This represents a 39.68% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 25,709 shares of company stock valued at $6,386,163. Corporate insiders own 0.39% of the company’s stock.
Key Stories Impacting First Solar
Here are the key news stories impacting First Solar this week:
- Positive Sentiment: First Solar could benefit competitively as a wave of bankruptcies pressures weaker solar-sector companies, potentially improving its relative market position and customer opportunities. First Solar stands to gain as bankruptcy wave hits solar sector
- Neutral Sentiment: The securities class action covers investors who purchased First Solar shares between February 26, 2025, and February 24, 2026. Investors have been urged to seek lead-plaintiff status by August 24. The deadline notices from Kaplan Fox, Pomerantz, Faruqi & Faruqi, Rosen, SBS, DJS and other firms largely repeat the same information and do not represent a new operating announcement by First Solar. Kaplan Fox class action deadline notice
- Negative Sentiment: The lawsuit alleges that First Solar and certain officers violated federal securities laws by making misleading statements or omissions. Reported areas of investor concern include underutilization in Series 6 module production and costly challenges associated with expanding domestic manufacturing operations in South Carolina. If the case advances, it could create legal costs, potential damages and reputational risk for First Solar. SueWallSt First Solar class action allegations
First Solar Company Profile
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.
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