First Solar (NASDAQ:FSLR) Stock Price Down 5% – Here’s Why

Shares of First Solar, Inc. (NASDAQ:FSLR) dropped 5% during trading on Wednesday . The company traded as low as $231.11 and last traded at $228.9130. Approximately 520,107 shares were traded during mid-day trading, a decline of 78% from the average session volume of 2,413,969 shares. The stock had previously closed at $240.91.

First Solar News Roundup

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

• Positive Sentiment: Baird upgraded First Solar to “Outperform” from “Neutral” and raised its price target to $318 from $205. Analyst Ben Kallo said a Section 232 tariff decision removes a key overhang and could allow customers to resume bookings, improving visibility for the company’s U.S. solar manufacturing business. First Solar raised at Baird as Section 232 clears path for bookings
• Positive Sentiment: The bullish view follows other favorable coverage, including Mizuho’s $324 price target and a broader brokerage consensus described as “Moderate Buy.” These targets imply substantial upside if tariff clarity translates into renewed orders and bookings.
• Neutral Sentiment: Several law firms are publicizing an August 24, 2026 deadline for investors to seek lead-plaintiff status in a federal securities class action covering purchases from February 26, 2025, through February 24, 2026. The notices largely repeat the same case information rather than representing separate lawsuits or new operating developments. First Solar class action deadline notice
• Negative Sentiment: Litigation risk is the main negative catalyst. Pomerantz reported that a class action was filed against First Solar and certain officers, alleging violations of federal securities laws. Other firms allege that First Solar promoted a favorable long-term tariff environment and stronger market position before a 13.61% single-day share-price collapse and a reduction in 2026 guidance. The allegations have not been proven, but the legal uncertainty could pressure sentiment and create potential costs or reputational damage. Pomerantz First Solar class action announcement

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Evercore raised their target price on shares of First Solar from $212.00 to $219.00 in a research report on Monday, May 4th. UBS Group increased their price objective on shares of First Solar from $290.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Sanford C. Bernstein decreased their price objective on First Solar from $217.00 to $197.00 and set an “underperform” rating for the company in a report on Friday, July 31st. Mizuho set a $237.00 target price on First Solar in a research report on Friday, July 31st. Finally, HSBC raised First Solar from a “hold” rating to a “buy” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $258.79.

First Solar Stock Down 5.9%

The business’s 50 day simple moving average is $238.32 and its 200 day simple moving average is $225.09. The stock has a market cap of $24.35 billion, a price-to-earnings ratio of 13.97, a PEG ratio of 0.52 and a beta of 1.75.

First Solar (NASDAQ:FSLR) last released its quarterly earnings data 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 company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the business earned $3.18 EPS. First Solar’s revenue for the quarter was down 3.4% compared to the same quarter last year. Equities research analysts forecast that First Solar, Inc. will post 17.75 earnings per share for the current fiscal year.

Insider Transactions at First Solar

In other First Solar news, insider Michael Koralewski sold 7,000 shares of the company’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 sale, the insider owned 7,642 shares in the company, valued at $1,692,779.42. This represents a 47.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Caroline Stockdale sold 10,628 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $275.60, for a total value of $2,929,076.80. Following the completion of the sale, the insider directly owned 23,792 shares of the company’s stock, valued at approximately $6,557,075.20. The trade was 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. Over the last ninety days, insiders have sold 27,279 shares of company stock valued at $6,772,018. Company insiders own 0.39% of the company’s stock.

Hedge Funds Weigh In On First Solar

Large investors have recently modified their holdings of the stock. Pictet Asset Management Holding SA raised its holdings in First Solar by 29.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,138,473 shares of the solar cell manufacturer’s stock valued at $224,540,000 after acquiring an additional 258,204 shares during the period. Atlatl Advisers LLC bought a new position in shares of First Solar during the fourth quarter worth approximately $1,697,000. Northwestern Mutual Wealth Management Co. lifted its holdings in First Solar by 1,054.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 52,219 shares of the solar cell manufacturer’s stock worth $13,641,000 after purchasing an additional 47,695 shares during the last quarter. Genus Capital Management Inc. acquired a new stake in First Solar during the 4th quarter worth approximately $4,525,000. Finally, TABR Capital Management LLC bought a new stake in First Solar in the 4th quarter valued at $5,626,000. 92.08% of the stock is owned by institutional investors.

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.