Legal & General Group Plc purchased a new stake in shares of First Solar, Inc. (NASDAQ:FSLR – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 649,113 shares of the solar cell manufacturer’s stock, valued at approximately $153,165,000. Legal & General Group Plc owned approximately 0.60% of First Solar at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Pictet Asset Management Holding SA raised its position in shares of First Solar by 29.3% in the first quarter. Pictet Asset Management Holding SA now owns 1,138,473 shares of the solar cell manufacturer’s stock worth $224,540,000 after acquiring an additional 258,204 shares during the period. Atlatl Advisers LLC purchased a new stake in shares of First Solar during the 4th quarter worth about $1,697,000. Northwestern Mutual Wealth Management Co. grew its position in shares of First Solar by 1,054.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 52,219 shares of the solar cell manufacturer’s stock valued at $13,641,000 after acquiring an additional 47,695 shares during the period. Genus Capital Management Inc. purchased a new position in shares of First Solar in the 4th quarter valued at about $4,525,000. Finally, Norges Bank purchased a new position in shares of First Solar in the 4th quarter valued at about $392,040,000. Hedge funds and other institutional investors own 92.08% of the company’s stock.
More First Solar News
Here are the key news stories impacting First Solar this week:
- Positive Sentiment: BMO upgrades First Solar to Outperform: BMO Capital Markets raised its rating from Market Perform and increased its price target from $237 to $263, citing an overly severe post-Section 232 selloff and improved risk/reward. First Solar raised at BMO as post-Section 232 selloff looks overdone
- Positive Sentiment: Argus reiterates a Buy rating: Argus Research maintained its Buy recommendation and assigned a $275 target, implying substantial upside from recent trading levels. First Solar receives a Buy from Argus Research
- Positive Sentiment: Tariff reaction may have been excessive: A climate-finance expert argued that Wall Street misinterpreted the latest solar-tariff announcement. The view supports First Solar as a U.S.-based manufacturer that could benefit from policies favoring domestic solar supply chains. Wall Street misread the solar tariffs
- Positive Sentiment: Policy developments support domestic production: New restrictions on certain foreign bulk-power equipment and discussions around tariffs on imported polysilicon could improve the competitive position of U.S. solar manufacturers, although any government support remains speculative. Why are solar stocks rising overnight?
- Neutral Sentiment: First Solar’s latest reported quarter exceeded earnings expectations, with $3.92 in EPS versus a $2.90 consensus estimate, though revenue declined year over year. Analysts currently project approximately $17.77 in full-year EPS.
- Negative Sentiment: Not all market commentary is bullish: Jim Cramer advised caution on First Solar, while an earlier comparison showed some solar peers benefiting more directly from equipment-import restrictions. Policy uncertainty and tariff implementation remain risks. Jim Cramer commentary on First Solar
Analysts Set New Price Targets
View Our Latest Stock Report on First Solar
First Solar Trading Up 2.0%
FSLR stock opened at $210.10 on Friday. First Solar, Inc. has a 12-month low of $182.99 and a 12-month high of $320.95. The business’s 50-day moving average is $224.48 and its 200 day moving average is $223.52. The stock has a market cap of $22.58 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 0.45 and a beta of 1.75.
First Solar (NASDAQ:FSLR – Get Free Report) last announced its earnings results on Thursday, July 30th. The solar cell manufacturer reported $3.92 EPS for the quarter, beating analysts’ consensus estimates of $2.90 by $1.02. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.06 billion. First Solar had a return on equity of 18.02% and a net margin of 32.47%.The business’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.18 earnings per share. As a group, equities analysts forecast that First Solar, Inc. will post 17.77 EPS for the current fiscal year.
Insider Transactions at First Solar
In other First Solar news, EVP Samantha L. Sloan sold 127 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $222.95, for a total value of $28,314.65. Following the transaction, the executive vice president owned 2,018 shares in the company, valued at approximately $449,913.10. This trade represents a 5.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Jason E. Dymbort sold 3,700 shares of First Solar stock in a transaction on 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 directly owned 5,624 shares in the company, valued at approximately $1,402,513.12. This trade 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. Insiders have sold a total of 15,081 shares of company stock valued at $3,457,086 over the last ninety days. Company insiders own 0.39% of the company’s stock.
About First Solar
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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