iA Global Asset Management Inc. Purchases New Shares in First Solar, Inc. $FSLR

iA Global Asset Management Inc. purchased a new position in shares of First Solar, Inc. (NASDAQ:FSLR) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 16,480 shares of the solar cell manufacturer’s stock, valued at approximately $3,634,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. TD Private Client Wealth LLC lifted its position in shares of First Solar by 126.9% during the second quarter. TD Private Client Wealth LLC now owns 152 shares of the solar cell manufacturer’s stock worth $25,000 after purchasing an additional 85 shares in the last quarter. Strategic Wealth Investment Group LLC acquired a new stake in shares of First Solar in the second quarter valued at approximately $26,000. Hantz Financial Services Inc. raised its position in First Solar by 69.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 183 shares of the solar cell manufacturer’s stock worth $30,000 after purchasing an additional 75 shares during the last quarter. Total Investment Management Inc. acquired a new position in First Solar during the 2nd quarter worth $36,000. Finally, First Pacific Financial bought a new position in First Solar in the 2nd quarter valued at $41,000. Institutional investors own 92.08% of the company’s stock.

First Solar Stock Performance

Shares of FSLR stock opened at $242.15 on Friday. The stock has a market cap of $25.99 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 0.29 and a beta of 1.60. The stock has a 50-day moving average of $257.26 and a 200-day moving average of $226.99. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.91 and a quick ratio of 1.55. First Solar, Inc. has a one year low of $116.56 and a one year high of $285.99.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings data on Thursday, October 30th. The solar cell manufacturer reported $4.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.08). First Solar had a net margin of 27.73% and a return on equity of 16.61%. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the prior year, the firm posted $2.91 EPS. The firm’s revenue for the quarter was up 79.7% compared to the same quarter last year. First Solar has set its FY 2025 guidance at 14.000-15.000 EPS. As a group, sell-side analysts expect that First Solar, Inc. will post 13.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FSLR shares. Weiss Ratings restated a “hold (c+)” rating on shares of First Solar in a research report on Monday, December 29th. Roth Mkm set a $300.00 price objective on First Solar in a research report on Friday, October 31st. Evercore ISI upped their target price on shares of First Solar from $240.90 to $241.00 in a research report on Friday, October 31st. Morgan Stanley set a $275.00 target price on shares of First Solar in a research note on Friday, October 31st. Finally, TD Cowen lifted their price target on shares of First Solar from $260.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $276.76.

More First Solar News

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

• Positive Sentiment: Susquehanna raised its price target to $292 and kept a “positive” rating — a bullish signal implying meaningful upside from current levels. Susquehanna raises PT to $292
• Positive Sentiment: Royal Bank of Canada boosted its price target to $258, another analyst lift that supports investor confidence. RBC boosts PT to $258
• Positive Sentiment: U.S. Patent Office backing TOPCon-related protections for First Solar strengthens the company’s IP position and could improve long‑term valuation vs. competitors. Patent office backs TOPCon protections
• Positive Sentiment: Prominent market commentators (e.g., Josh Brown) are highlighting First Solar as a top pick, which can attract flows from discretionary investors. Josh Brown spotlights First Solar
• Positive Sentiment: Positive industry narratives (coverage on Saudi Arabia’s big solar push) are increasing interest in leading solar names, benefiting First Solar as a market share/technology leader. Saudi Arabia solar coverage
• Neutral Sentiment: Brokerages still show overall favorable positioning — consensus rated “Moderate Buy” — which is supportive but not unequivocally bullish. Consensus “Moderate Buy”
• Neutral Sentiment: First Solar is seeing heavy investor search/attention, which can amplify moves in either direction depending on follow‑through news. Investors heavily search FSLR
• Neutral Sentiment: Bank of America trimmed its price target to $271 but maintained a “buy” — a modest downgrade in upside expectations rather than a sell signal. BofA lowers PT to $271, keeps buy
• Negative Sentiment: Short‑term underperformance vs. peers and a recent session where the stock declined have raised near‑term caution among momentum traders. Underperforms competitors
• Negative Sentiment: Multiple legal actions and investor investigations (Pomerantz alert, potential class action filings) increase regulatory and litigation risk, a clear negative for sentiment and potential future costs. Pomerantz investor alert Class action report
• Negative Sentiment: Recent sell ratings and a new published “sell” note add downward pressure and can trigger stops or short interest. New sell rating reported

Insider Activity

In related news, insider Georges Antoun sold 37,412 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $265.01, for a total value of $9,914,554.12. Following the completion of the sale, the insider owned 15,424 shares in the company, valued at $4,087,514.24. This represents a 70.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Paul H. Stebbins sold 7,000 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $262.40, for a total value of $1,836,800.00. Following the completion of the transaction, the director directly owned 15,287 shares of the company’s stock, valued at approximately $4,011,308.80. The trade was a 31.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 48,912 shares of company stock valued at $12,971,349 in the last quarter. Company insiders own 0.48% of the company’s stock.

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.