First Solar, Inc. $FSLR Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its position in First Solar, Inc. (NASDAQ:FSLR) by 4.4% in the 1st quarter, HoldingsChannel reports. The firm owned 64,402 shares of the solar cell manufacturer’s stock after selling 2,959 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in First Solar were worth $12,684,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of FSLR. Commonwealth Retirement Investments LLC purchased a new stake in First Solar in the fourth quarter valued at approximately $26,000. Reflection Asset Management purchased a new position in First Solar during the 4th quarter worth approximately $26,000. Strategic Wealth Investment Group LLC purchased a new position in First Solar during the 2nd quarter worth approximately $26,000. Larson Financial Group LLC lifted its stake in First Solar by 117.0% during the 4th quarter. Larson Financial Group LLC now owns 102 shares of the solar cell manufacturer’s stock valued at $27,000 after acquiring an additional 55 shares during the period. Finally, Elyxium Wealth LLC acquired a new stake in First Solar during the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds own 92.08% of the company’s stock.

More First Solar News

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

• Positive Sentiment: Profit and margins exceeded expectations. First Solar reported second-quarter EPS of $3.92, well above the $2.99 analyst consensus and up from $3.18 a year earlier. Gross margin expanded to approximately 57%, while adjusted EBITDA rose to $644 million from $560 million. First Solar’s Q2 Earnings Beat Estimates, Revenues Decrease Y/Y
• Positive Sentiment: Strong long-term demand visibility supported the bullish reaction. Management highlighted a record backlog, 45.1 gigawatts of contracted sales at quarter-end, domestic manufacturing expansion, technology investments and policy-driven opportunities extending through 2030. The company also cited a cumulative production milestone above 100 GW. FSLR Q2 Earnings Call Highlights Domestic Solar Push
• Positive Sentiment: Analysts maintained bullish ratings. Goldman Sachs reiterated a Buy rating with a $310 price target, while Needham maintained Buy with a $303 target, citing attractive valuation, demand momentum and potential support from Section 232 tariffs. First Solar: Strong Q2 Beat and Solid Demand Momentum
• Neutral Sentiment: Full-year guidance was reaffirmed. First Solar maintained 2026 net sales guidance of $4.9 billion to $5.2 billion, broadly in line with expectations. However, the midpoint is slightly below consensus, limiting the upside from the earnings beat. First Solar Announces Second Quarter 2026 Results
• Negative Sentiment: Revenue declined year over year. Sales fell about 4% to $1.06 billion, primarily because customer contract cancellations offset higher third-party module sales. The company is also navigating Section 232 tariff uncertainty and rising input costs. First Solar Sales Fall on Contract Cancellations
• Negative Sentiment: Securities litigation remains an overhang. Multiple law firms publicized a shareholder class action concerning alleged misrepresentations about tariffs and production challenges, with an August 24, 2026 lead-plaintiff deadline. These notices may pressure sentiment, although they do not represent a court finding of wrongdoing. Kaplan Fox First Solar Shareholder Notice

Insider Transactions at First Solar

In related news, CEO Mark R. Widmar sold 9,926 shares of First Solar stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $233.21, for a total value of $2,314,842.46. Following the completion of the transaction, the chief executive officer owned 95,148 shares in the company, valued at $22,189,465.08. The trade was a 9.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Georges Antoun sold 566 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $215.63, for a total value of $122,046.58. Following the completion of the sale, the insider directly owned 19,918 shares in the company, valued at approximately $4,294,918.34. The trade was a 2.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 31,893 shares of company stock worth $7,893,775 over the last quarter. Company insiders own 0.39% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Jefferies Financial Group reiterated a “hold” rating and issued a $207.00 price objective on shares of First Solar in a research note on Tuesday, July 21st. HSBC boosted their target price on shares of First Solar from $211.00 to $231.00 and gave the company a “hold” rating in a research report on Tuesday, May 5th. Wells Fargo & Company cut their price target on First Solar from $320.00 to $300.00 and set an “overweight” rating on the stock in a research report on Friday. The Goldman Sachs Group increased their price target on First Solar from $300.00 to $310.00 in a research report on Friday, May 1st. Finally, Freedom Capital upgraded First Solar from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, First Solar presently has a consensus rating of “Moderate Buy” and a consensus target price of $252.86.

First Solar Stock Performance

FSLR stock opened at $211.03 on Monday. The firm has a market cap of $22.68 billion, a PE ratio of 13.01, a P/E/G ratio of 0.47 and a beta of 1.76. The firm’s fifty day moving average is $245.08 and its 200 day moving average is $225.14. First Solar, Inc. has a one year low of $171.99 and a one year 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, topping analysts’ consensus estimates of $2.90 by $1.02. First Solar had a net margin of 32.47% and a return on equity of 18.02%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the firm posted $3.18 earnings per share. The company’s revenue was down 3.4% compared to the same quarter last year. Research analysts predict that First Solar, Inc. will post 17.53 earnings per share for the current fiscal year.

First Solar 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.