Perigon Wealth Management LLC Purchases Shares of 2,444 First Solar, Inc. $FSLR

Perigon Wealth Management LLC purchased a new stake in First Solar, Inc. (NASDAQ:FSLR) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,444 shares of the solar cell manufacturer’s stock, valued at approximately $577,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Root Financial Partners LLC boosted its stake in First Solar by 18.2% in the fourth quarter. Root Financial Partners LLC now owns 292 shares of the solar cell manufacturer’s stock valued at $76,000 after acquiring an additional 45 shares in the last quarter. Fiduciary Financial Group LLC increased its position in shares of First Solar by 2.3% during the second 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 increased its position in shares of First Solar by 6.9% during the fourth quarter. FIL Ltd now owns 708 shares of the solar cell manufacturer’s stock worth $185,000 after purchasing an additional 46 shares in the last quarter. Fielder Capital Group LLC lifted its holdings in shares of First Solar by 4.1% during the 4th quarter. Fielder Capital Group LLC now owns 1,196 shares of the solar cell manufacturer’s stock valued at $312,000 after purchasing an additional 47 shares during the last quarter. Finally, Burford Brothers Inc. lifted its holdings in shares of 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 purchasing an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 92.08% of the company’s stock.

First Solar News Summary

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

• Positive Sentiment: A valuation analysis estimated that FSLR may be about 30% undervalued based on a discounted-cash-flow assessment. The article also said the recently reported 15% tariff on polysilicon imports could support domestic pricing and First Solar’s cash flow, potentially benefiting its U.S.-focused manufacturing strategy. First Solar Stock Could Be 30% Undervalued
• Positive Sentiment: Recent coverage continues to highlight First Solar’s strong operating performance. The company’s latest quarterly EPS of $3.92 exceeded the $2.90 consensus estimate, and its substantial contracted backlog provides visibility into future demand. Analysts tracked by MarketBeat maintain a “Moderate Buy” consensus rating with an average price target of $264.44, above the referenced trading level.
• Neutral Sentiment: Solar-industry outlooks remain mixed: demand is strong, but shifting U.S. policy, tariffs and import rules could affect module pricing, customer decisions and First Solar’s earnings outlook. These policy changes may help domestic production while also increasing uncertainty. Solar Stocks to Watch as Policy Shifts Reshape the Industry
• Negative Sentiment: Several law firms are publicizing a securities class-action lawsuit against First Solar and certain officers. The complaint alleges misleading statements concerning tariffs and production utilization during the February 26, 2025–February 24, 2026 class period. The August 24 lead-plaintiff deadline is generating repeated headlines and adds legal, reputational and potential financial risk. The allegations have not been proven. Pomerantz Announces First Solar Class Action
• Neutral Sentiment: An executive sold 127 shares to cover tax withholding related to vested equity awards. Because the transaction was small and tax-related, it is unlikely to materially affect the investment thesis.

First Solar Stock Performance

Shares of FSLR opened at $222.40 on Thursday. The company has a market capitalization of $23.90 billion, a P/E ratio of 13.71, a P/E/G ratio of 0.48 and a beta of 1.75. The business’s 50-day moving average is $231.07 and its two-hundred day moving average is $224.41. First Solar, Inc. has a fifty-two week low of $182.99 and a fifty-two week high of $320.95.

First Solar (NASDAQ:FSLR) last issued its earnings results on Thursday, July 30th. The solar cell manufacturer reported $3.92 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $1.02. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.06 billion. First Solar had a return on equity of 18.02% and a net margin of 32.47%.The company’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.18 earnings per share. Analysts forecast that First Solar, Inc. will post 17.71 EPS for the current year.

Insiders Place Their Bets

In related news, General Counsel Jason E. Dymbort sold 3,700 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $249.38, for a total value of $922,706.00. Following the completion of the transaction, the general counsel directly owned 5,624 shares in the company, valued at $1,402,513.12. The trade was a 39.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Caroline Stockdale sold 10,628 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $275.60, for a total transaction of $2,929,076.80. Following the completion of 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. 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 quarter, insiders have sold 25,709 shares of company stock worth $6,386,163. Corporate insiders own 0.39% of the company’s stock.

Analysts Set New Price Targets

FSLR has been the subject of a number of recent analyst reports. TD Cowen reissued a “buy” rating on shares of First Solar in a research report on Monday, July 20th. Guggenheim upped their target price on First Solar from $279.00 to $282.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Truist Financial reiterated a “hold” rating and issued a $229.00 price target (down from $249.00) on shares of First Solar in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft raised First Solar from a “hold” rating to a “buy” rating and raised their price target for the stock from $245.00 to $272.00 in a report on Monday, July 6th. Finally, Susquehanna boosted their price target on First Solar from $250.00 to $270.00 and gave the stock a “positive” rating in a research note on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $264.44.

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.