14,194 Shares in First Solar, Inc. $FSLR Bought by SIR Capital Management L.P.

SIR Capital Management L.P. purchased a new position in First Solar, Inc. (NASDAQ:FSLR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,194 shares of the solar cell manufacturer’s stock, valued at approximately $3,708,000.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in First Solar by 3.5% in the third quarter. Vanguard Group Inc. now owns 13,721,979 shares of the solar cell manufacturer’s stock worth $3,026,108,000 after purchasing an additional 464,130 shares during the last quarter. Geode Capital Management LLC increased its position in First Solar by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 2,919,991 shares of the solar cell manufacturer’s stock worth $761,396,000 after purchasing an additional 24,206 shares during the last quarter. Viking Global Investors LP increased its position in First Solar by 60.6% in the second quarter. Viking Global Investors LP now owns 2,266,050 shares of the solar cell manufacturer’s stock worth $375,122,000 after purchasing an additional 854,919 shares during the last quarter. Amundi increased its position in First Solar by 38.6% in the third quarter. Amundi now owns 2,025,835 shares of the solar cell manufacturer’s stock worth $459,917,000 after purchasing an additional 564,032 shares during the last quarter. Finally, Norges Bank bought a new stake in First Solar in the fourth quarter worth $392,040,000. Institutional investors own 92.08% of the company’s stock.

First Solar Stock Down 1.4%

Shares of FSLR opened at $267.31 on Friday. The firm has a market capitalization of $28.72 billion, a P/E ratio of 17.27, a P/E/G ratio of 0.60 and a beta of 1.71. First Solar, Inc. has a 12-month low of $135.50 and a 12-month high of $320.95. The firm has a fifty day moving average price of $231.95 and a 200-day moving average price of $233.65. The company has a current ratio of 2.56, a quick ratio of 2.15 and a debt-to-equity ratio of 0.02.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings data on Thursday, April 30th. The solar cell manufacturer reported $3.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.87 by $0.35. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. First Solar had a net margin of 30.73% and a return on equity of 18.01%. The firm’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same quarter last year, the business posted $1.95 EPS. Equities research analysts expect that First Solar, Inc. will post 17.61 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on FSLR shares. Guggenheim boosted their price target on shares of First Solar from $269.00 to $279.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft cut shares of First Solar from a “buy” rating to a “hold” rating and reduced their price target for the stock from $300.00 to $245.00 in a research report on Wednesday, February 25th. Mizuho boosted their price target on shares of First Solar from $243.00 to $300.00 in a research report on Friday. Evercore boosted their price target on shares of First Solar from $212.00 to $219.00 in a research report on Monday, May 4th. Finally, Argus boosted their price target on shares of First Solar from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $250.99.

First Solar News Roundup

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

• Positive Sentiment: Mizuho raised its price target on First Solar to $300 from $243, implying meaningful upside from recent trading levels and reinforcing confidence in the company’s outlook. Mizuho price target update
• Positive Sentiment: UBS Group also lifted its price target to $330 from $290 and maintained a buy rating, signaling continued optimism around First Solar’s growth prospects. UBS analyst update
• Positive Sentiment: Analyst commentary this week highlighted that First Solar has outperformed the S&P 500 over the past year, with sentiment remaining moderately bullish on the stock’s longer-term growth potential.
• Neutral Sentiment: One recent market article compared First Solar’s performance with the broader S&P 500, underscoring that the stock is still being closely watched by investors for relative performance trends. First Solar vs. S&P 500 article
• Neutral Sentiment: A separate note said First Solar declined while the broader market improved, suggesting the move may reflect normal trading volatility rather than a company-specific negative catalyst. Zacks market comparison article

Insider Activity

In related news, CFO Alexander R. Bradley sold 498 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $215.63, for a total value of $107,383.74. Following the completion of the sale, the chief financial officer owned 30,712 shares in the company, valued at approximately $6,622,428.56. The trade was a 1.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Mark R. Widmar sold 4,815 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $247.43, for a total value of $1,191,375.45. Following the completion of the sale, the chief executive officer owned 89,033 shares of the company’s stock, valued at $22,029,435.19. The trade was a 5.13% 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 ninety days, insiders have sold 60,694 shares of company stock valued at $13,659,583. Insiders own 0.39% 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.