3,384 Shares in First Solar, Inc. $FSLR Purchased by Summit Global Investments

Summit Global Investments acquired a new position in First Solar, Inc. (NASDAQ:FSLR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,384 shares of the solar cell manufacturer’s stock, valued at approximately $798,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Commonwealth Retirement Investments LLC bought a new position in shares of First Solar during the 4th quarter valued at approximately $26,000. Reflection Asset Management bought a new stake in shares of First Solar in the 4th quarter worth approximately $26,000. Strategic Wealth Investment Group LLC purchased a new position in First Solar in the second quarter valued at approximately $26,000. Larson Financial Group LLC lifted its stake in First Solar by 117.0% in the fourth quarter. Larson Financial Group LLC now owns 102 shares of the solar cell manufacturer’s stock valued at $27,000 after purchasing an additional 55 shares during the last quarter. Finally, Elyxium Wealth LLC bought a new position in First Solar during the fourth quarter valued at $30,000. 92.08% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Caroline Stockdale sold 10,628 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $275.60, for a total transaction of $2,929,076.80. Following the sale, the insider directly owned 23,792 shares in the company, valued at $6,557,075.20. This represents a 30.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 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 stock in a transaction dated 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 in the company, valued at approximately $1,402,513.12. The trade was a 39.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 30,979 shares of company stock worth $7,694,724 over the last quarter. Insiders own 0.39% of the company’s stock.

First Solar Price Performance

NASDAQ:FSLR opened at $225.56 on Friday. The company has a market cap of $24.24 billion, a P/E ratio of 13.91, a P/E/G ratio of 0.49 and a beta of 1.75. The stock’s fifty day moving average price is $233.60 and its two-hundred day moving average price is $224.87. First Solar, Inc. has a 1 year low of $179.06 and a 1 year high of $320.95.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings results on Thursday, July 30th. The solar cell manufacturer reported $3.92 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $1.02. The firm had revenue of $1.06 billion during 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%.The business’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period last year, the company earned $3.18 earnings per share. On average, analysts expect that First Solar, Inc. will post 17.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Evercore raised their target price on First Solar from $212.00 to $219.00 in a research report on Monday, May 4th. Zacks Research raised First Solar from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings raised First Solar from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 25th. Wells Fargo & Company lifted their price objective on First Solar from $300.00 to $313.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Finally, Morgan Stanley boosted their price objective on First Solar from $230.00 to $245.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $261.79.

Trending Headlines about First Solar

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

• Positive Sentiment: Robert W. Baird upgraded First Solar to Outperform and established a $318 price target. The firm said a Section 232 tariff decision removes a key overhang and could allow customers to resume bookings, improving the company’s outlook. First Solar Upgraded at Robert W. Baird
• Positive Sentiment: Solar power generated more electricity than wind globally for the first time last year and nearly matched nuclear generation. The milestone supports the broader growth case for solar manufacturers such as First Solar, although it does not represent a company-specific earnings update. Solar Power Hits Big Milestone, Trumping Wind For First Time
• Neutral Sentiment: First Solar’s general counsel sold 3,700 shares worth approximately $922,706 under a pre-arranged Rule 10b5-1 trading plan. The transaction reduced his holdings by about 40%, but the planned nature of the sale limits its value as a signal about management’s current expectations. Jason Dymbort Sells First Solar Shares
• Negative Sentiment: Multiple law firms are publicizing a securities class action against First Solar and certain officers. The alleged class period is February 26, 2025, through February 24, 2026, and investors have until August 24, 2026, to seek lead-plaintiff status. The notices allege securities-law violations and investor losses related to disclosures concerning tariffs and company guidance; the allegations have not been proven. Pomerantz First Solar Class Action Filing

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.