Formula Growth Ltd. Purchases New Shares in First Solar, Inc. $FSLR

Posted by Francis Steltz on Aug 28th, 2026

Formula Growth Ltd. bought a new position in First Solar, Inc. (NASDAQ:FSLR – Free Report) during the second quarter, Holdings Channel reports. The fund bought 6,072 shares of the solar cell manufacturer’s stock, valued at approximately $1,433,000.

Several other hedge funds have also bought and sold shares of FSLR. Root Financial Partners LLC increased 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 purchasing an additional 45 shares in the last quarter. Fiduciary Financial Group LLC boosted its position in shares of First Solar by 2.3% in the 2nd 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 in the last quarter. FIL Ltd grew its stake in shares of First Solar by 6.9% in the 4th quarter. FIL Ltd now owns 708 shares of the solar cell manufacturer’s stock worth $185,000 after buying an additional 46 shares during the last quarter. Fielder Capital Group LLC grew its stake in shares of First Solar by 4.1% in the 4th quarter. Fielder Capital Group LLC now owns 1,196 shares of the solar cell manufacturer’s stock worth $312,000 after buying an additional 47 shares during the last quarter. Finally, Burford Brothers Inc. increased 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 buying an additional 48 shares in the last quarter. Institutional investors own 92.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on FSLR shares. Wells Fargo & Company lifted their price objective on First Solar from $300.00 to $313.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Oppenheimer reissued a “market perform” rating on shares of First Solar in a research note on Friday, July 31st. Roth Capital restated a “buy” rating and set a $300.00 price target on shares of First Solar in a report on Friday, July 24th. Weiss Ratings raised First Solar from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 25th. Finally, Argus reiterated a “buy” rating and issued a $275.00 price target on shares of First Solar in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $266.27.

Read Our Latest Analysis on FSLR

First Solar Stock Up 2.0%

Shares of FSLR stock opened at $210.10 on Friday. The company has a 50 day moving average price of $224.48 and a 200-day moving average price of $223.52. First Solar, Inc. has a 52 week low of $182.99 and a 52 week high of $320.95. The firm has a market capitalization of $22.58 billion, a PE ratio of 12.95, a P/E/G ratio of 0.45 and a beta of 1.75.

First Solar (NASDAQ:FSLR – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The solar cell manufacturer reported $3.92 earnings per share for the quarter, beating analysts’ consensus estimates of $2.90 by $1.02. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate 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 for the quarter 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. Analysts anticipate that First Solar, Inc. will post 17.77 earnings per share for the current year.

Key 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

Insider Activity at First Solar

In other news, CTO Markus Gloeckler sold 829 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $248.00, for a total value of $205,592.00. Following the transaction, the chief technology officer directly owned 6,642 shares in the company, valued at $1,647,216. This trade represents a 11.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 value of $922,706.00. Following the completion of the sale, the general counsel directly owned 5,624 shares of the company’s stock, valued at $1,402,513.12. The trade was a 39.68% 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. 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 currently owned by corporate insiders.

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.