K2 Principal Fund L.P. Buys Shares of 23,500 First Solar, Inc. $FSLR

K2 Principal Fund L.P. bought a new stake in shares of First Solar, Inc. (NASDAQ:FSLR) in the 2nd quarter, Holdings Channel reports. The firm bought 23,500 shares of the solar cell manufacturer’s stock, valued at approximately $5,545,000.

A number of other hedge funds have also recently modified their holdings of FSLR. BlackRock Inc. purchased a new stake in shares of First Solar in the second quarter worth approximately $3,310,298,000. Geode Capital Management LLC increased its stake in First Solar by 0.8% in the fourth 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 lifted its position in shares of 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 worth $375,122,000 after purchasing an additional 854,919 shares during the last quarter. Amundi lifted its position in shares of 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 purchasing an additional 189,626 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of First Solar during the fourth quarter valued at $392,040,000. Institutional investors own 92.08% of the company’s stock.

First Solar Trading Up 1.0%

Shares of First Solar stock opened at $220.01 on Wednesday. The firm has a market cap of $23.64 billion, a P/E ratio of 13.56, a P/E/G ratio of 0.49 and a beta of 1.76. First Solar, Inc. has a 12 month low of $182.99 and a 12 month high of $320.95. The stock’s fifty day moving average price is $231.60 and its 200-day moving average price is $224.42.

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, beating the consensus estimate of $2.90 by $1.02. First Solar had a return on equity of 18.02% and a net margin of 32.47%.The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the company posted $3.18 earnings per share. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. Analysts forecast that First Solar, Inc. will post 17.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on FSLR shares. Sanford C. Bernstein reduced their price target on shares of First Solar from $217.00 to $197.00 and set an “underperform” rating on the stock in a research note on Friday, July 31st. Truist Financial reissued a “hold” rating and issued a $229.00 price objective (down from $249.00) on shares of First Solar in a research report on Friday, July 31st. Argus upped their target price on shares of First Solar from $250.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Zacks Research raised shares of First Solar from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Morgan Stanley lifted their price target on shares of First Solar from $245.00 to $323.00 and gave the company an “overweight” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, First Solar has a consensus rating of “Moderate Buy” and an average price target of $264.44.

Key Stories Impacting First Solar

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

• Positive Sentiment: First Solar was highlighted among the stronger second-quarter renewable-energy performers. The company’s latest results included adjusted EPS of $3.92, well above the $2.90 consensus estimate, while its contracted backlog remains substantial. Q2 Earnings Outperformers: First Solar and the Rest of the Renewable Energy Stocks
• Positive Sentiment: Zacks identified FSLR as a strong momentum stock, which may support investor interest following its earnings outperformance and relatively attractive valuation metrics. Why First Solar Is a Strong Momentum Stock
• Neutral Sentiment: Analyst and industry coverage continues to focus on strong solar demand, but changing U.S. policies, tariffs and import rules could affect pricing, customer decisions and First Solar’s 2026 earnings outlook. Solar Stocks to Watch as Policy Shifts Reshape the Industry
• Neutral Sentiment: Institutional positioning was mixed: several large investors added FSLR shares in the second quarter, while others reduced holdings. Separately, unusually heavy put-option activity suggests increased hedging or bearish speculation, but does not establish the market’s future direction.
• Negative Sentiment: First Solar faces a securities class-action lawsuit filed in federal court. The complaint alleges that the company and certain executives made misleading statements regarding tariffs and production utilization during the February 26, 2025–February 24, 2026 class period. Multiple law firms are publicizing an August 24 lead-plaintiff deadline. The allegations have not been proven, but the litigation adds reputational, financial and sentiment risk. Pomerantz Announces First Solar Class Action
• Neutral Sentiment: An executive sold a small number of shares to cover tax withholding obligations related to vested equity awards. Because the sale was designated for taxes and represented only 127 shares, it is unlikely to be a major fundamental signal.

Insider Buying and Selling at First Solar

In other news, insider Michael Koralewski sold 7,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $221.51, for a total value of $1,550,570.00. Following the completion of the sale, the insider owned 7,642 shares in the company, valued at approximately $1,692,779.42. The trade was a 47.81% 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, General Counsel Jason E. Dymbort sold 3,700 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $249.38, for a total transaction of $922,706.00. Following the completion of the sale, the general counsel directly owned 5,624 shares of the company’s stock, valued at $1,402,513.12. The trade was a 39.68% 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. In the last ninety days, insiders have sold 31,106 shares of company stock worth $7,723,039. 0.39% of the stock is currently owned by company insiders.

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.