First Solar, Inc. $FSLR Shares Newly Purchased by Maxi Investments CY Ltd

Maxi Investments CY Ltd acquired a new position in First Solar, Inc. (NASDAQ:FSLR) during the third quarter, HoldingsChannel.com reports. The fund acquired 26,371 shares of the solar cell manufacturer’s stock, valued at approximately $4,619,000. First Solar comprises 0.8% of Maxi Investments CY Ltd’s holdings, making the stock its 29th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Rakuten Investment Management Inc. acquired a new position in First Solar during the second quarter worth $4,019,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of First Solar by 7.0% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,535,836 shares of the solar cell manufacturer’s stock valued at $362,396,000 after buying an additional 100,694 shares in the last quarter. Jupiter Topco LLC acquired a new position in shares of First Solar during the second quarter valued at about $6,121,000. Handelsbanken Fonder AB grew its holdings in shares of First Solar by 15.0% during the second quarter. Handelsbanken Fonder AB now owns 683,112 shares of the solar cell manufacturer’s stock valued at $161,187,000 after buying an additional 89,214 shares during the last quarter. Finally, Korea Investment CORP acquired a new position in shares of First Solar during the second quarter valued at about $15,822,000. 92.08% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting First Solar

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

• Positive Sentiment: Truist reiterated Buy ratings on several clean-energy stocks, including First Solar, citing a favorable long-term demand outlook. The U.S. is expected to add roughly 38 GWac of utility-scale solar and 26 GW of storage capacity annually through 2030, supporting potential growth in First Solar’s project pipeline, revenue and margins. Truist names top clean energy stocks to watch ahead of Q3 earnings season
• Positive Sentiment: Wall Street brokerages collectively rate First Solar “Moderate Buy,” suggesting analysts generally see upside despite the stock’s recent decline and concerns surrounding the solar industry. First Solar Stock Rated Moderate Buy by Wall Street Brokerages
• Neutral Sentiment: Reported short-interest data showed zero shares sold short and a zero-day days-to-cover ratio. Because this conflicts with the description of a large increase in short interest, the figure may reflect a reporting or data-quality issue and provides little reliable trading insight.
• Negative Sentiment: Investors purchased 38,523 put options on First Solar, 45% above typical daily put volume. The activity signals increased demand for downside protection or bearish speculation and may be contributing to near-term selling pressure.
• Negative Sentiment: Investors continue to focus on securities class-action lawsuits concerning how management characterized the benefits of tariffs. Although First Solar has reported strong sales and margins, legal scrutiny could weaken confidence in the durability of those gains and remain an overhang on the shares. Caught Out By First Solar’s Fall? What Bears Saw

First Solar Price Performance

Shares of FSLR stock opened at $168.15 on Tuesday. The firm has a 50-day moving average of $192.13 and a 200-day moving average of $217.50. First Solar, Inc. has a one year low of $165.86 and a one year high of $320.95. The company has a market cap of $18.07 billion, a P/E ratio of 10.37, a P/E/G ratio of 0.47 and a beta of 1.80.

First Solar (NASDAQ:FSLR) last released 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 business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the company earned $3.18 earnings per share. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, research analysts expect that First Solar, Inc. will post 17.63 earnings per share for the current fiscal year.

Insider Activity

In other First Solar news, EVP Samantha Sloan sold 127 shares of First Solar stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $222.95, for a total transaction of $28,314.65. Following the transaction, the executive vice president owned 2,018 shares of the company’s stock, valued at $449,913.10. This trade represents a 5.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Michael Koralewski sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $221.51, for a total value of $1,550,570.00. Following the completion of the transaction, the insider owned 7,642 shares in the company, valued at $1,692,779.42. The trade was a 47.81% decrease in their position. 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. In the last 90 days, insiders have sold 16,681 shares of company stock worth $3,756,286. Corporate insiders own 0.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on FSLR shares. Evercore restated a “positive” rating and issued a $218.00 target price on shares of First Solar in a report on Monday, August 17th. JPMorgan Chase & Co. cut their price target on First Solar from $256.00 to $252.00 and set an “overweight” rating for the company in a research note on Monday, October 19th. Guggenheim reiterated a “buy” rating on shares of First Solar in a research note on Monday, September 28th. Susquehanna boosted their price objective on First Solar from $250.00 to $270.00 and gave the stock a “positive” rating in a report on Friday, July 10th. Finally, The Goldman Sachs Group lowered their price objective on First Solar from $310.00 to $272.00 and set a “buy” rating for the company in a research note on Thursday, October 8th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, First Solar currently has a consensus rating of “Moderate Buy” and an average target price of $265.73.

First Solar Profile

First Solar, Inc is a vertically integrated solar technology and manufacturing company that designs, manufactures and sells photovoltaic (PV) solar modules. Its modules use advanced thin-film semiconductor technology based on cadmium telluride (CdTe), rather than the crystalline-silicon technology used by most solar manufacturers. The company serves utility-scale solar developers, commercial and industrial customers, and other large-scale energy users.

Founded in 1999 and headquartered in Tempe, Arizona, First Solar operates research and development, manufacturing and recycling facilities in the United States and internationally.