Mitsubishi UFJ Asset Management Co. Ltd. Makes New $61.72 Million Investment in First Solar, Inc. $FSLR

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in First Solar, Inc. (NASDAQ:FSLR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 261,578 shares of the solar cell manufacturer’s stock, valued at approximately $61,722,000.

Other large investors also recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA grew its stake in shares of First Solar by 29.3% in the 1st 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 acquired a new stake in shares of First Solar during the 4th quarter worth approximately $1,697,000. Northwestern Mutual Wealth Management Co. raised its position in shares of 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 valued at $13,641,000 after buying an additional 47,695 shares during the period. Genus Capital Management Inc. purchased a new stake in shares of First Solar during the 4th quarter valued at approximately $4,525,000. Finally, TABR Capital Management LLC acquired a new position in First Solar in the fourth quarter valued at approximately $5,626,000. 92.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FSLR. Guggenheim increased their price objective on First Solar from $279.00 to $282.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Oppenheimer restated a “market perform” rating on shares of First Solar in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft raised shares of First Solar from a “hold” rating to a “buy” rating and upped their target price for the company from $245.00 to $272.00 in a research report on Monday, July 6th. Citigroup boosted their price target on shares of First Solar from $294.00 to $297.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Finally, The Goldman Sachs Group upped their price objective on shares of First Solar from $300.00 to $310.00 in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $264.44.

Key Headlines Impacting First Solar

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

• Positive Sentiment: A valuation analysis estimated that FSLR may be about 30% undervalued based on a discounted-cash-flow assessment. The article also said the recently reported 15% tariff on polysilicon imports could support domestic pricing and First Solar’s cash flow, potentially benefiting its U.S.-focused manufacturing strategy. First Solar Stock Could Be 30% Undervalued
• Positive Sentiment: Recent coverage continues to highlight First Solar’s strong operating performance. The company’s latest quarterly EPS of $3.92 exceeded the $2.90 consensus estimate, and its substantial contracted backlog provides visibility into future demand. Analysts tracked by MarketBeat maintain a “Moderate Buy” consensus rating with an average price target of $264.44, above the referenced trading level.
• Neutral Sentiment: Solar-industry outlooks remain mixed: demand is strong, but shifting U.S. policy, tariffs and import rules could affect module pricing, customer decisions and First Solar’s earnings outlook. These policy changes may help domestic production while also increasing uncertainty. Solar Stocks to Watch as Policy Shifts Reshape the Industry
• Negative Sentiment: Several law firms are publicizing a securities class-action lawsuit against First Solar and certain officers. The complaint alleges misleading statements concerning tariffs and production utilization during the February 26, 2025–February 24, 2026 class period. The August 24 lead-plaintiff deadline is generating repeated headlines and adds legal, reputational and potential financial risk. The allegations have not been proven. Pomerantz Announces First Solar Class Action
• Neutral Sentiment: An executive sold 127 shares to cover tax withholding related to vested equity awards. Because the transaction was small and tax-related, it is unlikely to materially affect the investment thesis.

Insider Buying and Selling at First Solar

In related news, insider Caroline Stockdale sold 10,628 shares of First Solar stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $275.60, for a total value of $2,929,076.80. Following the completion of the transaction, the insider owned 23,792 shares in the company, valued at $6,557,075.20. The trade was a 30.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Samantha L. Sloan sold 127 shares of First Solar stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $222.95, for a total transaction of $28,314.65. Following the completion of the transaction, the executive vice president owned 2,018 shares of the company’s stock, valued at $449,913.10. This represents a 5.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 25,709 shares of company stock valued at $6,386,163. 0.39% of the stock is currently owned by company insiders.

First Solar Price Performance

FSLR opened at $222.40 on Thursday. First Solar, Inc. has a 12 month low of $182.99 and a 12 month high of $320.95. The stock has a market capitalization of $23.90 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 0.48 and a beta of 1.75. The business has a fifty day moving average price of $231.07 and a 200 day moving average price of $224.41.

First Solar (NASDAQ:FSLR) last issued 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. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.06 billion. First Solar had a return on equity of 18.02% and a net margin of 32.47%.First Solar’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.18 EPS. On average, research analysts anticipate that First Solar, Inc. will post 17.71 earnings per share for the current 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.