First Solar (NASDAQ:FSLR – Free Report) had its target price raised by Citigroup from $294.00 to $297.00 in a research note released on Monday morning,Benzinga reports. They currently have a buy rating on the solar cell manufacturer’s stock.
A number of other equities research analysts also recently weighed in on the company. The Goldman Sachs Group lifted their price objective on First Solar from $300.00 to $310.00 in a report on Friday, May 1st. Truist Financial reissued a “hold” rating and issued a $229.00 target price (down from $249.00) on shares of First Solar in a report on Friday, July 31st. Susquehanna raised their target price on First Solar from $250.00 to $270.00 and gave the stock a “positive” rating in a research report on Friday, July 10th. Freedom Capital raised First Solar from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Finally, Oppenheimer reiterated a “market perform” rating on shares of First Solar in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, First Solar presently has a consensus rating of “Moderate Buy” and an average target price of $254.44.
Check Out Our Latest Report on First Solar
First Solar Stock Performance
First Solar (NASDAQ:FSLR – Get Free Report) last issued its earnings results on Thursday, July 30th. The solar cell manufacturer reported $3.92 earnings per share for the quarter, beating the consensus estimate of $2.90 by $1.02. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.06 billion. First Solar had a net margin of 32.47% and a return on equity of 18.02%. The firm’s revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the business earned $3.18 EPS. On average, sell-side analysts predict that First Solar will post 17.74 earnings per share for the current year.
Insider Activity
In other news, insider Michael Koralewski sold 7,000 shares of the firm’s 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 completion of the sale, the insider owned 7,642 shares of the company’s stock, valued at approximately $1,692,779.42. This trade represents a 47.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kuntal Kumar Verma sold 582 shares of First Solar stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $250.00, for a total transaction of $145,500.00. Following the completion of the transaction, the insider owned 4,967 shares of the company’s stock, valued at $1,241,750. This trade represents a 10.49% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 38,505 shares of company stock valued at $9,398,886. Corporate insiders own 0.39% of the company’s stock.
Hedge Funds Weigh In On First Solar
Institutional investors have recently bought and sold shares of the business. Pictet Asset Management Holding SA increased its stake 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 valued at $224,540,000 after buying an additional 258,204 shares in the last quarter. Atlatl Advisers LLC acquired a new position in First Solar during the 4th quarter worth about $1,697,000. Northwestern Mutual Wealth Management Co. lifted its position in 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 worth $13,641,000 after buying an additional 47,695 shares in the last quarter. Genus Capital Management Inc. bought a new stake in First Solar during the 4th quarter worth about $4,525,000. Finally, TABR Capital Management LLC acquired a new stake in First Solar in the 4th quarter valued at about $5,626,000. Institutional investors own 92.08% of the company’s stock.
Key Headlines Impacting First Solar
Here are the key news stories impacting First Solar this week:
- Positive Sentiment: First Solar’s quarterly results exceeded expectations, with earnings per share of $3.92 versus the $2.90 consensus estimate. Revenue was approximately $1.06 billion, and management reaffirmed its outlook, supporting confidence in execution and the company’s contracted backlog. ETFs in Spotlight as First Solar Shares Jump Post Q2 Earnings Beat
- Positive Sentiment: Reports that the Trump administration may consider tariffs or a price floor for solar-panel raw materials have boosted expectations for stronger protection of U.S. manufacturers, a potential benefit to First Solar’s domestic production and pricing. Solar Policy Reports
- Positive Sentiment: Analyst optimism and substantial call-option activity indicate that some market participants continue to expect additional upside, supported by First Solar’s reported 45-gigawatt backlog and long-term growth prospects. First Solar Stock Price Expected to Rise
- Neutral Sentiment: A valuation analysis argues that FSLR may still trade below estimated intrinsic value, though such projections depend heavily on future earnings, backlog conversion and industry conditions. Is First Solar Still Reasonable After Its 45 GW Backlog?
- Negative Sentiment: Several law firms publicized a securities class action alleging that First Solar and certain officers inadequately disclosed Series 6 production underutilization, South Carolina onshoring costs and related business risks. The August 24 lead-plaintiff deadline is keeping the allegations in focus, although the claims have not been proven. Pomerantz Class Action Announcement
- Negative Sentiment: Two executives, including CTO Markus Gloeckler, sold shares under pre-arranged Rule 10b5-1 plans. While scheduled sales do not necessarily signal deteriorating fundamentals, the reduction in their holdings may add short-term investor caution.
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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