Daiichi Life Insurance Co. Ltd. Buys Shares of 8,122 First Solar, Inc. $FSLR

Daiichi Life Insurance Co. Ltd. bought a new position in First Solar, Inc. (NASDAQ:FSLR – Free Report) during the 2nd quarter, HoldingsChannel reports. The firm bought 8,122 shares of the solar cell manufacturer’s stock, valued at approximately $1,916,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FSLR. Reflection Asset Management bought a new position in First Solar during the fourth quarter worth about $26,000. Commonwealth Retirement Investments LLC bought a new stake in shares of First Solar in the fourth quarter worth about $26,000. Larson Financial Group LLC increased its holdings in shares of First Solar by 117.0% in the fourth quarter. Larson Financial Group LLC now owns 102 shares of the solar cell manufacturer’s stock worth $27,000 after acquiring an additional 55 shares in the last quarter. Elyxium Wealth LLC bought a new stake in shares of First Solar in the fourth quarter worth about $30,000. Finally, MV Capital Management Inc. acquired a new stake in shares of First Solar during the fourth quarter worth about $30,000. 92.08% of the stock is owned by institutional investors.

Get First Solar alerts:

Insider Buying and Selling at First Solar

In other First Solar news, CTO Markus Gloeckler sold 3,425 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $218.95, for a total transaction of $749,903.75. Following the sale, the chief technology officer directly owned 7,471 shares of the company’s stock, valued at $1,635,775.45. The trade was a 31.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Caroline Stockdale sold 10,628 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $275.60, for a total transaction of $2,929,076.80. Following the transaction, the insider owned 23,792 shares of the company’s stock, valued at approximately $6,557,075.20. This represents a 30.88% decrease in their ownership of the stock. 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. Insiders have sold a total of 25,709 shares of company stock valued at $6,386,163 in the last three months. 0.39% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

FSLR has been the subject of several research analyst reports. Truist Financial reiterated a “hold” rating and issued a $229.00 price objective (down from $249.00) on shares of First Solar in a research report on Friday, July 31st. Barclays upped their price target on shares of First Solar from $213.00 to $279.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Jefferies Financial Group set a $196.00 price objective on shares of First Solar in a research report on Monday, August 3rd. Zacks Research upgraded shares of First Solar from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Finally, Sanford C. Bernstein reduced their target price on shares of First Solar from $217.00 to $197.00 and set an “underperform” rating for the company in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $264.44.

View Our Latest Stock Report on First Solar

First Solar Stock Performance

NASDAQ FSLR opened at $214.28 on Monday. The stock has a market capitalization of $23.02 billion, a price-to-earnings ratio of 13.21, a PEG ratio of 0.47 and a beta of 1.76. The stock’s 50 day moving average price is $228.86 and its two-hundred day moving average price is $224.21. First Solar, Inc. has a 52 week low of $182.99 and a 52 week high of $320.95.

First Solar (NASDAQ:FSLR – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The solar cell manufacturer reported $3.92 earnings per share for the quarter, topping the consensus estimate of $2.90 by $1.02. First Solar had a net margin of 32.47% and a return on equity of 18.02%. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the business earned $3.18 EPS. The business’s quarterly revenue was down 3.4% on a year-over-year basis. On average, equities research analysts forecast that First Solar, Inc. will post 17.72 EPS for the current year.

More First Solar News

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

About First Solar

(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.

Featured Stories

• Five stocks we like better than First Solar
• VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You?
• 3 Closed-End Funds to Maximize Dividend Payments
• Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy?
• $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over

Want to see what other hedge funds are holding FSLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Solar, Inc. (NASDAQ:FSLR – Free Report).

Receive News & Ratings for First Solar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Solar and related companies with MarketBeat.com's FREE daily email newsletter.