3,384 Shares in First Solar, Inc. $FSLR Acquired by Summit Global Investments

Summit Global Investments purchased a new position in First Solar, Inc. (NASDAQ:FSLR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,384 shares of the solar cell manufacturer’s stock, valued at approximately $798,000.

A number of other hedge funds have also recently added to or reduced their stakes in FSLR. Commonwealth Retirement Investments LLC bought a new position in shares of First Solar in the 4th quarter worth $26,000. Reflection Asset Management bought a new stake in First Solar during the 4th quarter valued at $26,000. Strategic Wealth Investment Group LLC bought a new stake in First Solar during the 2nd quarter valued at $26,000. Larson Financial Group LLC raised its holdings in First Solar by 117.0% during the fourth quarter. Larson Financial Group LLC now owns 102 shares of the solar cell manufacturer’s stock worth $27,000 after buying an additional 55 shares during the last quarter. Finally, Elyxium Wealth LLC acquired a new position in First Solar during the fourth quarter worth $30,000. Institutional investors and hedge funds own 92.08% of the company’s stock.

Insider Transactions at First Solar

In related news, CEO Mark R. Widmar sold 4,815 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $247.43, for a total transaction of $1,191,375.45. Following the completion of the sale, the chief executive officer directly owned 89,033 shares of the company’s stock, valued at approximately $22,029,435.19. This trade represents a 5.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Caroline Stockdale sold 10,628 shares of First Solar stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $275.60, for a total value of $2,929,076.80. Following the sale, the insider owned 23,792 shares in the company, valued at $6,557,075.20. This trade represents a 30.88% decrease in their ownership of the stock. 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. Over the last three months, insiders have sold 30,979 shares of company stock worth $7,694,724. 0.39% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

FSLR has been the subject of a number of analyst reports. Susquehanna lifted their price objective on shares of First Solar from $250.00 to $270.00 and gave the company a “positive” rating in a report on Friday, July 10th. Morgan Stanley upped their target price on shares of First Solar from $230.00 to $245.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Citigroup raised their price target on shares of First Solar from $294.00 to $297.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Weiss Ratings upgraded First Solar from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 25th. Finally, The Goldman Sachs Group boosted their price objective on First Solar from $300.00 to $310.00 in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $261.79.

First Solar News Summary

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

• Positive Sentiment: Robert W. Baird upgraded First Solar to Outperform and established a $318 price target. The firm said a Section 232 tariff decision removes a key overhang and could allow customers to resume bookings, improving the company’s outlook. First Solar Upgraded at Robert W. Baird
• Positive Sentiment: Solar power generated more electricity than wind globally for the first time last year and nearly matched nuclear generation. The milestone supports the broader growth case for solar manufacturers such as First Solar, although it does not represent a company-specific earnings update. Solar Power Hits Big Milestone, Trumping Wind For First Time
• Neutral Sentiment: First Solar’s general counsel sold 3,700 shares worth approximately $922,706 under a pre-arranged Rule 10b5-1 trading plan. The transaction reduced his holdings by about 40%, but the planned nature of the sale limits its value as a signal about management’s current expectations. Jason Dymbort Sells First Solar Shares
• Negative Sentiment: Multiple law firms are publicizing a securities class action against First Solar and certain officers. The alleged class period is February 26, 2025, through February 24, 2026, and investors have until August 24, 2026, to seek lead-plaintiff status. The notices allege securities-law violations and investor losses related to disclosures concerning tariffs and company guidance; the allegations have not been proven. Pomerantz First Solar Class Action Filing

First Solar Price Performance

Shares of FSLR stock opened at $225.56 on Friday. The firm has a 50-day moving average of $233.60 and a 200-day moving average of $224.87. First Solar, Inc. has a one year low of $179.06 and a one year high of $320.95. The company has a market cap of $24.24 billion, a P/E ratio of 13.91, a P/E/G ratio of 0.49 and a beta of 1.75.

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 17.75 earnings per share for the current fiscal year.

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.