Citizens Financial Group Inc. RI acquired a new stake in First Solar, Inc. (NASDAQ:FSLR – Free Report) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 27,222 shares of the solar cell manufacturer’s stock, valued at approximately $5,370,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of FSLR. Aventura Private Wealth LLC acquired a new position in First Solar during the 4th quarter worth $25,000. Commonwealth Retirement Investments LLC purchased a new position in First Solar in the fourth quarter worth approximately $26,000. Reflection Asset Management purchased a new stake in shares of First Solar during the 4th quarter worth $26,000. Strategic Wealth Investment Group LLC purchased a new position in First Solar in the second quarter valued at $26,000. Finally, Larson Financial Group LLC raised its stake in First Solar by 117.0% in the fourth quarter. Larson Financial Group LLC now owns 102 shares of the solar cell manufacturer’s stock valued at $27,000 after buying an additional 55 shares in the last quarter. 92.08% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at First Solar
In other news, insider Georges Antoun sold 566 shares of First Solar stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $215.63, for a total value of $122,046.58. Following the transaction, the insider directly owned 19,918 shares of the company’s stock, valued at $4,294,918.34. The trade was a 2.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Mark R. Widmar sold 9,926 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $233.21, for a total transaction of $2,314,842.46. Following the completion of the sale, the chief executive officer owned 95,148 shares of the company’s stock, valued at approximately $22,189,465.08. This trade represents a 9.45% decrease in their position. 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 quarter, insiders sold 32,466 shares of company stock valued at $8,014,105. 0.39% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Read Our Latest Analysis on FSLR
More First Solar News
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
First Solar Price Performance
Shares of NASDAQ FSLR opened at $227.83 on Monday. The stock has a market cap of $24.48 billion, a PE ratio of 14.72, a price-to-earnings-growth ratio of 0.50 and a beta of 1.73. The company has a quick ratio of 2.15, a current ratio of 2.56 and a debt-to-equity ratio of 0.02. First Solar, Inc. has a 52-week low of $159.85 and a 52-week high of $320.95. The business has a 50-day moving average price of $250.91 and a 200 day moving average price of $230.60.
First Solar (NASDAQ:FSLR – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The solar cell manufacturer reported $3.22 EPS for the quarter, topping the consensus estimate of $2.87 by $0.35. First Solar had a return on equity of 18.01% and a net margin of 30.73%.The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the company posted $1.95 earnings per share. The firm’s revenue was up 23.6% compared to the same quarter last year. Equities research analysts forecast that First Solar, Inc. will post 17.6 earnings per share for the current year.
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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