Wealthfront Advisers LLC Acquires 3,428 Shares of First Solar, Inc. $FSLR

Wealthfront Advisers LLC lifted its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 24.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,555 shares of the solar cell manufacturer’s stock after acquiring an additional 3,428 shares during the quarter. Wealthfront Advisers LLC’s holdings in First Solar were worth $3,463,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Geode Capital Management LLC raised its stake in shares of 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 purchasing an additional 24,206 shares during the period. Viking Global Investors LP grew its position 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 increased its holdings in First Solar by 9.4% during 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 during the last quarter. Norges Bank purchased a new stake in First Solar during the fourth quarter worth about $392,040,000. Finally, Schroder Investment Management Group raised its position in First Solar by 7.6% in 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 acquiring an additional 100,908 shares during the period. 92.08% of the stock is currently owned by institutional investors.

Key First Solar News

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

• Positive Sentiment: Some recent commentary remains constructive, with articles highlighting First Solar’s attractive valuation and brokerage ratings that still lean to a “Moderate Buy,” suggesting the stock may still have longer-term support from analysts and fundamental investors.
• Neutral Sentiment: First Solar announced it will report second-quarter 2026 results on July 30, which gives traders a clear near-term event to watch for guidance, margins, and commentary on tariffs, production utilization, and demand.
• Neutral Sentiment: Several market articles noted the stock had recently been trading around fair-value estimates and reacting to broader solar demand and tariff expectations, indicating mixed sentiment ahead of earnings.
• Negative Sentiment: Multiple law firms announced or reiterated class-action lawsuits and lead-plaintiff deadlines against First Solar over alleged misleading disclosures tied to tariff-related production decisions and facility underutilization, creating a legal overhang that can weigh on the shares. Article title
• Negative Sentiment: Trading commentary also pointed to recent weakness as investors weighed the lawsuit risk, insider selling, and caution ahead of the July 30 earnings release, which can amplify profit-taking in a volatile name like FSLR.

Insider Activity

In related news, insider Caroline Stockdale sold 10,628 shares of the business’s 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 sale, the insider directly owned 23,792 shares in the company, valued at approximately $6,557,075.20. The trade was a 30.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mark R. Widmar sold 4,815 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $247.43, for a total value of $1,191,375.45. Following the sale, the chief executive officer directly owned 89,033 shares in the company, valued at $22,029,435.19. This trade represents a 5.13% decrease in their position. 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 quarter, 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.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. BMO Capital Markets dropped their target price on shares of First Solar from $252.00 to $237.00 and set a “market perform” rating on the stock in a research note on Monday, April 20th. Wells Fargo & Company raised their price target on shares of First Solar from $255.00 to $320.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. HSBC upped their price objective on First Solar from $211.00 to $231.00 and gave the company a “hold” rating in a research note on Tuesday, May 5th. Citigroup reduced their price objective on First Solar from $300.00 to $243.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft upgraded 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 note on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $256.41.

First Solar Stock Performance

NASDAQ FSLR opened at $211.99 on Monday. The firm has a market cap of $22.78 billion, a P/E ratio of 13.69, a price-to-earnings-growth ratio of 0.47 and a beta of 1.73. The company has a quick ratio of 2.15, a current ratio of 2.56 and a debt-to-equity ratio of 0.02. The company’s 50 day moving average is $251.23 and its 200-day moving average is $228.75. First Solar, Inc. has a 12-month low of $171.86 and a 12-month high of $320.95.

First Solar (NASDAQ:FSLR) last released its quarterly earnings data on Thursday, April 30th. The solar cell manufacturer reported $3.22 EPS for the quarter, topping the consensus estimate of $2.87 by $0.35. First Solar had a net margin of 30.73% and a return on equity of 18.01%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the firm earned $1.95 EPS. First Solar’s revenue for the quarter was up 23.6% on a year-over-year basis. Sell-side analysts predict that First Solar, Inc. will post 17.54 earnings per share for the current year.

First Solar 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.