The Manufacturers Life Insurance Company Sells 2,959 Shares of First Solar, Inc. $FSLR

The Manufacturers Life Insurance Company lowered its position in shares of First Solar, Inc. (NASDAQ:FSLR) by 4.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,402 shares of the solar cell manufacturer’s stock after selling 2,959 shares during the period. The Manufacturers Life Insurance Company owned about 0.06% of First Solar worth $12,684,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in FSLR. Geode Capital Management LLC grew its holdings in First Solar by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 2,919,991 shares of the solar cell manufacturer’s stock worth $761,396,000 after acquiring an additional 24,206 shares in the last quarter. Viking Global Investors LP increased its holdings in First Solar by 60.6% during the second quarter. Viking Global Investors LP now owns 2,266,050 shares of the solar cell manufacturer’s stock valued at $375,122,000 after buying an additional 854,919 shares during the period. Amundi raised its stake in First Solar by 9.4% in the fourth quarter. Amundi now owns 2,215,461 shares of the solar cell manufacturer’s stock worth $578,791,000 after buying an additional 189,626 shares in the last quarter. Norges Bank bought a new position in First Solar in the fourth quarter worth approximately $392,040,000. Finally, Schroder Investment Management Group lifted its holdings in First Solar by 7.6% during the fourth quarter. Schroder Investment Management Group now owns 1,427,105 shares of the solar cell manufacturer’s stock worth $372,803,000 after buying an additional 100,908 shares during the period. 92.08% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on FSLR. Morgan Stanley increased their target price on First Solar from $230.00 to $245.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Argus boosted their price target on First Solar from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Oppenheimer restated a “market perform” rating on shares of First Solar in a research note on Friday. Sanford C. Bernstein dropped their price objective on First Solar from $217.00 to $197.00 and set an “underperform” rating on the stock in a research report on Friday. Finally, Guggenheim lifted their target price on First Solar from $269.00 to $279.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $252.86.

First Solar Stock Performance

Shares of FSLR opened at $211.03 on Monday. The firm has a market cap of $22.68 billion, a PE ratio of 13.01, a P/E/G ratio of 0.47 and a beta of 1.76. First Solar, Inc. has a 12 month low of $171.99 and a 12 month high of $320.95. The stock has a fifty day moving average price of $245.08 and a 200-day moving average price of $225.14.

First Solar (NASDAQ:FSLR) last announced its 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 return on equity of 18.02% and a net margin of 32.47%.The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the business earned $3.18 EPS. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. As a group, research analysts forecast that First Solar, Inc. will post 17.53 EPS for the current year.

Insiders Place Their Bets

In other news, insider Kuntal Kumar Verma sold 582 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $250.00, for a total transaction of $145,500.00. Following the sale, the insider owned 4,967 shares in the company, valued at approximately $1,241,750. The trade was a 10.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Jason E. Dymbort sold 409 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $215.63, for a total transaction of $88,192.67. Following the transaction, the general counsel owned 10,409 shares in the company, valued at approximately $2,244,492.67. This trade represents a 3.78% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 31,893 shares of company stock valued at $7,893,775. 0.39% of the stock is currently owned by corporate insiders.

Key First Solar News

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

• Positive Sentiment: Profit and margins exceeded expectations. First Solar reported second-quarter EPS of $3.92, well above the $2.99 analyst consensus and up from $3.18 a year earlier. Gross margin expanded to approximately 57%, while adjusted EBITDA rose to $644 million from $560 million. First Solar’s Q2 Earnings Beat Estimates, Revenues Decrease Y/Y
• Positive Sentiment: Strong long-term demand visibility supported the bullish reaction. Management highlighted a record backlog, 45.1 gigawatts of contracted sales at quarter-end, domestic manufacturing expansion, technology investments and policy-driven opportunities extending through 2030. The company also cited a cumulative production milestone above 100 GW. FSLR Q2 Earnings Call Highlights Domestic Solar Push
• Positive Sentiment: Analysts maintained bullish ratings. Goldman Sachs reiterated a Buy rating with a $310 price target, while Needham maintained Buy with a $303 target, citing attractive valuation, demand momentum and potential support from Section 232 tariffs. First Solar: Strong Q2 Beat and Solid Demand Momentum
• Neutral Sentiment: Full-year guidance was reaffirmed. First Solar maintained 2026 net sales guidance of $4.9 billion to $5.2 billion, broadly in line with expectations. However, the midpoint is slightly below consensus, limiting the upside from the earnings beat. First Solar Announces Second Quarter 2026 Results
• Negative Sentiment: Revenue declined year over year. Sales fell about 4% to $1.06 billion, primarily because customer contract cancellations offset higher third-party module sales. The company is also navigating Section 232 tariff uncertainty and rising input costs. First Solar Sales Fall on Contract Cancellations
• Negative Sentiment: Securities litigation remains an overhang. Multiple law firms publicized a shareholder class action concerning alleged misrepresentations about tariffs and production challenges, with an August 24, 2026 lead-plaintiff deadline. These notices may pressure sentiment, although they do not represent a court finding of wrongdoing. Kaplan Fox First Solar Shareholder Notice

First Solar Company Profile

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.