Family Legacy Inc. Makes New Investment in First Solar, Inc. $FSLR

Family Legacy Inc. acquired a new stake in shares of First Solar, Inc. (NASDAQ:FSLR) in the second quarter, Holdings Channel reports. The fund acquired 5,819 shares of the solar cell manufacturer’s stock, valued at approximately $1,373,000.

Several other institutional investors have also made changes to their positions in FSLR. Pictet Asset Management Holding SA raised its position in First Solar by 29.3% during the first 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 buying an additional 258,204 shares during the period. Atlatl Advisers LLC purchased a new stake in First Solar in the 4th quarter worth about $1,697,000. Northwestern Mutual Wealth Management Co. boosted its position 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 acquiring an additional 47,695 shares during the period. Genus Capital Management Inc. acquired a new stake in First Solar during the 4th quarter worth about $4,525,000. Finally, TABR Capital Management LLC purchased a new position in First Solar during the 4th quarter valued at about $5,626,000. 92.08% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at First Solar

In related 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 completion of the sale, the general counsel directly owned 5,624 shares in the company, valued at approximately $1,402,513.12. This represents a 39.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mark R. Widmar sold 4,815 shares of the company’s 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 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 30,979 shares of company stock worth $7,694,724 over the last quarter. 0.39% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

FSLR has been the topic of a number of research reports. Oppenheimer reiterated a “market perform” rating on shares of First Solar in a report on Friday, July 31st. Susquehanna raised their price target on shares of First Solar from $250.00 to $270.00 and gave the stock a “positive” rating in a report on Friday, July 10th. BMO Capital Markets lowered their price objective on shares of First Solar from $252.00 to $237.00 and set a “market perform” rating on the stock in a research report on Monday, April 20th. Morgan Stanley upped their price objective on shares of First Solar from $230.00 to $245.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Finally, Sanford C. Bernstein cut their target price on shares of First Solar from $217.00 to $197.00 and set an “underperform” rating for the company in a research report on Friday, July 31st. One equities research 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, First Solar has an average rating of “Moderate Buy” and an average price target of $261.79.

First Solar Stock Performance

Shares of NASDAQ FSLR opened at $225.56 on Friday. The stock has a market cap of $24.24 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 0.49 and a beta of 1.75. The business has a 50 day simple moving average of $233.60 and a 200 day simple moving average of $224.87. First Solar, Inc. has a 52 week low of $179.06 and a 52 week high of $320.95.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings data on Thursday, July 30th. The solar cell manufacturer reported $3.92 earnings per share for the quarter, beating the consensus estimate of $2.90 by $1.02. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.06 billion. First Solar had a net margin of 32.47% and a return on equity of 18.02%. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $3.18 earnings per share. On average, analysts predict that First Solar, Inc. will post 17.75 EPS for the current year.

Key First Solar News

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 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.