Freestone Grove Partners LP Purchases New Stake in First Solar, Inc. $FSLR

Posted by Geri Gentry on Aug 29th, 2026

Freestone Grove Partners LP purchased a new stake in shares of First Solar, Inc. (NASDAQ:FSLR – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 30,449 shares of the solar cell manufacturer’s stock, valued at approximately $7,185,000.

A number of other large investors have also added to or reduced their stakes in FSLR. Root Financial Partners LLC raised its stake 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 acquiring an additional 45 shares during the last quarter. Fiduciary Financial Group LLC grew its stake in shares of First Solar by 2.3% in the second quarter. Fiduciary Financial Group LLC now owns 2,026 shares of the solar cell manufacturer’s stock worth $478,000 after purchasing an additional 45 shares during the last quarter. FIL Ltd increased its holdings in First Solar by 6.9% during the 4th quarter. FIL Ltd now owns 708 shares of the solar cell manufacturer’s stock valued at $185,000 after purchasing an additional 46 shares during the period. Fielder Capital Group LLC increased its holdings in First Solar by 4.1% during the 4th quarter. Fielder Capital Group LLC now owns 1,196 shares of the solar cell manufacturer’s stock valued at $312,000 after purchasing an additional 47 shares during the period. Finally, Burford Brothers Inc. raised its position in First Solar by 0.3% during the 4th quarter. Burford Brothers Inc. now owns 19,080 shares of the solar cell manufacturer’s stock valued at $4,984,000 after purchasing an additional 48 shares during the last quarter. Institutional investors own 92.08% of the company’s stock.

First Solar News Roundup

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

Positive Sentiment: BMO upgraded First Solar to Outperform and raised its price target to $263 from $237, implying substantial upside from the reference price. BMO reportedly believes the market reaction to the latest Section 232 tariff developments was overdone. BMO upgrades First Solar as tariff selloff looks overdone
Positive Sentiment: Argus reiterated a Buy rating on First Solar, reinforcing the view that the company’s valuation and long-term growth prospects remain attractive despite recent volatility. Argus reiterates Buy rating for First Solar
Positive Sentiment: A climate-finance expert said Wall Street may have misinterpreted the market’s response to the latest solar-tariff announcement, potentially easing concerns that trade policy will materially damage First Solar’s outlook. Wall Street misread the solar tariffs
Positive Sentiment: An emergency order restricting certain foreign bulk-power-system equipment and software could benefit U.S. solar and energy-equipment manufacturers by supporting domestic suppliers, although the direct impact on First Solar is uncertain. Why solar stocks were rising overnight
Neutral Sentiment: First Solar’s latest quarterly results exceeded earnings expectations, but revenue declined year over year, leaving investors focused on policy developments and future demand rather than the reported quarter.
Negative Sentiment: Jim Cramer advised investors to stay away from First Solar, while Evercore ISI maintained an In-Line rating and trimmed its price target to $218, highlighting continued analyst disagreement and near-term uncertainty. Jim Cramer comments on First Solar

First Solar Trading Down 2.7%

NASDAQ FSLR opened at $204.46 on Friday. First Solar, Inc. has a 12 month low of $182.99 and a 12 month high of $320.95. The stock has a market cap of $21.97 billion, a P/E ratio of 12.61, a P/E/G ratio of 0.46 and a beta of 1.75. The stock’s fifty day moving average price is $223.42 and its 200-day moving average price is $223.38.

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 (EPS) for the quarter, topping the consensus estimate of $2.90 by $1.02. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.06 billion. First Solar had a return on equity of 18.02% and a net margin of 32.47%.First Solar’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.18 EPS. As a group, analysts forecast that First Solar, Inc. will post 17.77 earnings per share for the current fiscal year.

Insider Activity

In other news, General Counsel Jason E. Dymbort sold 3,700 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were 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 in the company, valued at $1,402,513.12. This represents a 39.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Koralewski sold 7,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $221.51, for a total transaction of $1,550,570.00. Following the sale, the insider owned 7,642 shares in the company, valued at approximately $1,692,779.42. The trade was a 47.81% 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 in the last quarter. 0.39% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on FSLR. Guggenheim increased their price objective on First Solar from $279.00 to $282.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Argus reissued a “buy” rating and set a $275.00 target price on shares of First Solar in a research note on Wednesday. Robert W. Baird set a $318.00 target price on First Solar and gave the company an “outperform” rating in a report on Tuesday, August 11th. Evercore reaffirmed a “positive” rating and issued a $218.00 price target on shares of First Solar in a research note on Monday, August 17th. Finally, Morgan Stanley lifted their price target on shares of First Solar from $245.00 to $323.00 and gave the company an “overweight” rating in a report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, First Solar presently has a consensus rating of “Moderate Buy” and an average price target of $266.27.

View Our Latest Stock Report on FSLR

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.