Perigon Wealth Management LLC Acquires Shares of 2,444 First Solar, Inc. $FSLR

Perigon Wealth Management LLC acquired a new stake in First Solar, Inc. (NASDAQ:FSLR) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,444 shares of the solar cell manufacturer’s stock, valued at approximately $577,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Woodline Partners LP increased its position in shares of First Solar by 40.7% during the first quarter. Woodline Partners LP now owns 9,044 shares of the solar cell manufacturer’s stock worth $1,143,000 after purchasing an additional 2,615 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of First Solar by 50.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 516 shares of the solar cell manufacturer’s stock worth $85,000 after buying an additional 174 shares during the last quarter. Brown Advisory Inc. raised its position in First Solar by 84.3% in the second quarter. Brown Advisory Inc. now owns 4,529 shares of the solar cell manufacturer’s stock valued at $750,000 after purchasing an additional 2,072 shares during the period. Cerity Partners LLC purchased a new stake in First Solar in the 2nd quarter valued at about $494,000. Finally, AXA S.A. lifted its position in First Solar by 6.3% in the second quarter. AXA S.A. now owns 18,862 shares of the solar cell manufacturer’s stock valued at $3,122,000 after buying an additional 1,115 shares during the last quarter. 92.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on FSLR shares. The Goldman Sachs Group lifted their price target on shares of First Solar from $300.00 to $310.00 in a research report on Friday, May 1st. Morgan Stanley upped their price objective on shares of First Solar from $245.00 to $323.00 and gave the stock an “overweight” rating in a report on Tuesday. Wells Fargo & Company increased their price objective on shares of First Solar from $300.00 to $313.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Weiss Ratings upgraded shares of First Solar from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 25th. Finally, Susquehanna boosted their target price on First Solar from $250.00 to $270.00 and gave the company a “positive” rating in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $264.44.

Insider Activity at First Solar

In other First Solar news, General Counsel Jason E. Dymbort sold 3,700 shares of First Solar 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 of the company’s stock, valued at $1,402,513.12. The trade was a 39.68% decrease in their position. The sale was disclosed in a filing 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, CTO Markus Gloeckler sold 829 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $248.00, for a total value of $205,592.00. Following the transaction, the chief technology officer directly owned 6,642 shares of the company’s stock, valued at approximately $1,647,216. This represents a 11.10% 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 sold 25,709 shares of company stock worth $6,386,163 over the last three months. Company insiders own 0.39% of the company’s stock.

First Solar Trading Up 1.1%

Shares of FSLR opened at $222.40 on Thursday. First Solar, Inc. has a twelve month low of $182.99 and a twelve month high of $320.95. The firm’s fifty day simple moving average is $231.07 and its 200-day simple moving average is $224.41. The firm 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.

First Solar (NASDAQ:FSLR) last issued its 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 the consensus estimate of $1.06 billion. First Solar had a net margin of 32.47% and a return on equity of 18.02%. The company’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.18 earnings per share. On average, analysts predict that First Solar, Inc. will post 17.71 earnings per share for the current fiscal year.

Key First Solar News

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.

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.