First Solar, Inc. $FSLR Stock Position Increased by SFE Investment Counsel

SFE Investment Counsel lifted its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 10.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,125 shares of the solar cell manufacturer’s stock after buying an additional 6,335 shares during the quarter. First Solar makes up approximately 1.7% of SFE Investment Counsel’s investment portfolio, making the stock its 14th largest position. SFE Investment Counsel owned approximately 0.06% of First Solar worth $12,108,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in FSLR. BlackRock Inc. acquired a new position in First Solar during the second quarter worth $3,310,298,000. Hill City Capital LP purchased a new stake in shares of First Solar during the second quarter worth about $620,133,555. Deutsche Bank AG purchased a new stake in shares of First Solar during the second quarter worth about $212,626,000. Bank of America Corp DE purchased a new stake in shares of First Solar during the second quarter worth about $171,043,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of First Solar during the 2nd quarter worth about $164,962,000. Institutional investors and hedge funds own 92.08% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Piper Sandler decreased their price target on shares of First Solar from $260.00 to $251.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 30th. Mizuho set a $324.00 target price on First Solar in a research report on Thursday, August 13th. Guggenheim lifted their price target on First Solar from $282.00 to $299.00 and gave the stock a “buy” rating in a research note on Tuesday. Jefferies Financial Group reiterated a “hold” rating and set a $199.00 price target on shares of First Solar in a research report on Friday, October 16th. Finally, Truist Financial upgraded First Solar from a “hold” rating to a “buy” rating and raised their price objective for the company from $229.00 to $270.00 in a report on Monday, October 12th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $259.62.

Key Headlines Impacting First Solar

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

• Positive Sentiment: First Solar reported third-quarter adjusted earnings of $5.30 per share, beating estimates by roughly 14%, while net income increased 25% year over year. Strong margins and a reported $13.5 billion backlog provide support for longer-term earnings visibility. First Solar Announces Third Quarter 2026 Financial Results
• Positive Sentiment: The company authorized a $500 million share-repurchase program, which could support per-share results and signal management’s confidence in long-term cash generation. First Solar Posts Strong Q3 Results and Launches Buyback Plan
• Positive Sentiment: First Solar signed a U.S. patent licensing agreement with CubicPV covering perovskite technology, potentially advancing its next-generation solar-product development. The company also inaugurated the first phase of its South Carolina facility, expanding domestic manufacturing capacity. First Solar and CubicPV Enter U.S. Patent Licensing Agreement

Insiders Place Their Bets

In other news, insider Michael Koralewski sold 7,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $221.51, for a total transaction of $1,550,570.00. Following the sale, the insider owned 7,642 shares of the company’s stock, valued at approximately $1,692,779.42. This trade represents a 47.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Markus Gloeckler sold 800 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $174.00, for a total value of $139,200.00. Following the transaction, the chief technology officer owned 5,042 shares in the company, valued at $877,308. This represents a 13.69% 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. Insiders have sold 16,681 shares of company stock valued at $3,756,286 in the last three months. Corporate insiders own 0.39% of the company’s stock.

First Solar Trading Down 1.4%

Shares of NASDAQ:FSLR opened at $174.40 on Friday. The business has a 50-day moving average price of $188.72 and a 200 day moving average price of $216.19. The company has a market capitalization of $18.74 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 0.47 and a beta of 1.80. First Solar, Inc. has a 12-month low of $165.86 and a 12-month high of $320.95.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings data on Thursday, October 29th. The solar cell manufacturer reported $5.30 EPS for the quarter, topping the consensus estimate of $4.67 by $0.63. First Solar had a net margin of 37.12% and a return on equity of 18.78%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the business posted $4.24 EPS. The business’s revenue for the quarter was down 22.8% compared to the same quarter last year. As a group, equities research analysts predict that First Solar, Inc. will post 17.64 earnings per share for the current fiscal year.

First Solar 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.