40,000 Shares of First Solar, Inc. $FSLR Purchased by CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in shares of First Solar, Inc. (NASDAQ:FSLR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 40,000 shares of the solar cell manufacturer’s stock, valued at approximately $7,006,000.

A number of other institutional investors have also added to or reduced their stakes in FSLR. Clearstead Trust LLC purchased a new stake in First Solar during the 2nd quarter valued at about $34,000. Vega Investment Solutions purchased a new position in shares of First Solar in the second quarter worth about $40,000. Toth Financial Advisory Corp purchased a new position in shares of First Solar in the third quarter worth about $32,000. Rakuten Securities Inc. acquired a new stake in shares of First Solar during the second quarter worth about $44,000. Finally, Allied Private Wealth LLC acquired a new stake in shares of First Solar during the second quarter worth about $45,000. Hedge funds and other institutional investors own 92.08% of the company’s stock.

Insider Activity at First Solar

In other news, General Counsel Jason E. Dymbort sold 3,700 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were 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 owned 5,624 shares of the company’s stock, valued at $1,402,513.12. The trade was a 39.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Samantha L. Sloan sold 127 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $222.95, for a total transaction of $28,314.65. Following the sale, the executive vice president directly 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. Over the last ninety days, insiders have sold 16,681 shares of company stock valued at $3,756,286. Insiders own 0.39% of the company’s stock.

Key Headlines Impacting First Solar

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

• Positive Sentiment: Truist reiterated Buy ratings on several clean-energy stocks, including First Solar, citing a favorable long-term demand outlook. The U.S. is expected to add roughly 38 GWac of utility-scale solar and 26 GW of storage capacity annually through 2030, supporting potential growth in First Solar’s project pipeline, revenue and margins. Truist names top clean energy stocks to watch ahead of Q3 earnings season
• Positive Sentiment: Wall Street brokerages collectively rate First Solar “Moderate Buy,” suggesting analysts generally see upside despite the stock’s recent decline and concerns surrounding the solar industry. First Solar Stock Rated Moderate Buy by Wall Street Brokerages
• Neutral Sentiment: Reported short-interest data showed zero shares sold short and a zero-day days-to-cover ratio. Because this conflicts with the description of a large increase in short interest, the figure may reflect a reporting or data-quality issue and provides little reliable trading insight.
• Negative Sentiment: Investors purchased 38,523 put options on First Solar, 45% above typical daily put volume. The activity signals increased demand for downside protection or bearish speculation and may be contributing to near-term selling pressure.
• Negative Sentiment: Investors continue to focus on securities class-action lawsuits concerning how management characterized the benefits of tariffs. Although First Solar has reported strong sales and margins, legal scrutiny could weaken confidence in the durability of those gains and remain an overhang on the shares. Caught Out By First Solar’s Fall? What Bears Saw

First Solar Trading Down 2.2%

NASDAQ FSLR opened at $168.15 on Tuesday. The stock has a market capitalization of $18.07 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 0.47 and a beta of 1.80. The stock has a 50-day moving average of $192.13 and a 200 day moving average of $217.50. First Solar, Inc. has a twelve month low of $165.86 and a twelve month 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 EPS for the quarter, beating the consensus estimate of $2.90 by $1.02. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.06 billion. First Solar had a return on equity of 18.02% and a net margin of 32.47%. First Solar’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period last year, the company earned $3.18 earnings per share. Equities analysts predict that First Solar, Inc. will post 17.63 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on FSLR shares. Mizuho set a $324.00 price target on shares of First Solar in a report on Thursday, August 13th. Morgan Stanley lifted their price objective on shares of First Solar from $323.00 to $326.00 and gave the company an “overweight” rating in a research note on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft downgraded shares of First Solar from a “buy” rating to a “hold” rating in a report on Thursday, August 27th. JPMorgan Chase & Co. reduced their target price on shares of First Solar from $256.00 to $252.00 and set an “overweight” rating for the company in a report on Monday, October 19th. Finally, Raymond James Financial initiated coverage on shares of First Solar in a report on Thursday, August 27th. They set a “market perform” rating for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $265.73.

First Solar Company Profile

First Solar, Inc is a vertically integrated solar technology and manufacturing company that designs, manufactures and sells photovoltaic (PV) solar modules. Its modules use advanced thin-film semiconductor technology based on cadmium telluride (CdTe), rather than the crystalline-silicon technology used by most solar manufacturers. The company serves utility-scale solar developers, commercial and industrial customers, and other large-scale energy users.

Founded in 1999 and headquartered in Tempe, Arizona, First Solar operates research and development, manufacturing and recycling facilities in the United States and internationally.