Trillium Asset Management LLC Invests $32.43 Million in First Solar, Inc. $FSLR

Trillium Asset Management LLC bought a new stake in shares of First Solar, Inc. (NASDAQ:FSLR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 137,423 shares of the solar cell manufacturer’s stock, valued at approximately $32,427,000. First Solar comprises approximately 1.0% of Trillium Asset Management LLC’s portfolio, making the stock its 23rd biggest holding. Trillium Asset Management LLC owned about 0.13% of First Solar at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of First Solar in the 2nd quarter worth $3,310,298,000. Geode Capital Management LLC lifted its holdings in shares of First Solar by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 2,919,991 shares of the solar cell manufacturer’s stock valued at $761,396,000 after acquiring an additional 24,206 shares during the last quarter. Viking Global Investors LP lifted its holdings in shares of First Solar by 60.6% in the 2nd quarter. Viking Global Investors LP now owns 2,266,050 shares of the solar cell manufacturer’s stock valued at $375,122,000 after acquiring an additional 854,919 shares during the last quarter. Amundi grew its position 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 acquiring an additional 189,626 shares in the last quarter. Finally, Norges Bank purchased a new position in First Solar in the fourth quarter worth about $392,040,000. 92.08% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting First Solar

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

• Positive Sentiment: First Solar could benefit from a wave of solar-industry bankruptcies if weaker competitors exit the market, potentially reducing competition and supporting demand for its domestically produced thin-film modules. First Solar stands to gain as bankruptcy wave hits solar sector
• Positive Sentiment: Some market commentary argues that First Solar may be undervalued, while a 15% tariff on imported polysilicon could support domestic pricing and cash flow. These factors offer potential offsets to the company’s legal and policy risks. First Solar Stock Could Be 30% Undervalued As Tariff News Lifts Sentiment
• Neutral Sentiment: First Solar executive Samantha Sloan sold 127 shares for approximately $28,315 to cover tax withholding on vested equity awards. The small, tax-related transaction is unlikely to represent a meaningful change in management’s view of the business.
• Negative Sentiment: Several law firms are promoting a securities class action against First Solar and certain officers. The lawsuit alleges investors were misled about Series 6 module production underutilization, the costs and challenges of moving operations to South Carolina, and related tariff and production risks during the February 26, 2025–February 24, 2026 class period. The allegations have not been proven, but potential damages, legal costs and reputational harm are weighing on sentiment. Investors have until August 24, 2026, to seek lead-plaintiff status. Pomerantz Announces First Solar Class Action

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FSLR. HSBC upgraded First Solar from a “hold” rating to a “buy” rating in a research report on Friday, August 7th. Jefferies Financial Group set a $196.00 target price on First Solar in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft raised First Solar from a “hold” rating to a “buy” rating and boosted their target price for the company from $245.00 to $272.00 in a research report on Monday, July 6th. Argus raised 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. Finally, Robert W. Baird set a $318.00 price objective on shares of First Solar and gave the stock an “outperform” rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $264.44.

Insider Buying and Selling

In other news, General Counsel Jason E. Dymbort sold 3,700 shares of the company’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 sale, the general counsel directly owned 5,624 shares of the company’s stock, valued at $1,402,513.12. This represents a 39.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $275.60, for a total transaction of $2,929,076.80. Following the completion of the sale, the insider owned 23,792 shares in the company, valued at $6,557,075.20. The trade was a 30.88% 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. Insiders have sold 25,709 shares of company stock worth $6,386,163 in the last quarter. 0.39% of the stock is currently owned by corporate insiders.

First Solar Price Performance

Shares of FSLR opened at $214.06 on Friday. First Solar, Inc. has a 1-year low of $182.99 and a 1-year high of $320.95. The company has a 50-day moving average of $229.93 and a 200 day moving average of $224.33. The firm has a market capitalization of $23.00 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 0.49 and a beta of 1.75.

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. 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 the consensus estimate of $1.06 billion. During the same period in the prior year, the firm earned $3.18 EPS. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, equities analysts anticipate that First Solar, Inc. will post 17.72 earnings per share for the current fiscal year.

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.