11,926 First Solar, Inc. $FSLR Shares Purchased by Courier Capital LLC

Key Points

• Courier Capital more than doubled its First Solar stake in the third quarter, purchasing 11,926 additional shares to bring its holdings to 23,602 shares valued at approximately $4.13 million.
• Institutional ownership remains substantial, with hedge funds and other institutional investors holding 92.08% of First Solar’s shares. Several major firms, including BlackRock and UBS Asset Management, also reported significant positions.
• Analyst sentiment is broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $266.33, though risks include potential tax-credit expirations, foreign competition and policy uncertainty.

Courier Capital LLC boosted its stake in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) by 102.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,602 shares of the solar cell manufacturer's stock after acquiring an additional 11,926 shares during the quarter. Courier Capital LLC's holdings in First Solar were worth $4,134,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of First Solar in the second quarter valued at approximately $3,310,298,000. ABS Investment Management LLC acquired a new stake in shares of First Solar during the second quarter worth $1,297,780,000. Hill City Capital LP purchased a new position in First Solar in the 2nd quarter valued at $620,133,555. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in First Solar by 7.0% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,535,836 shares of the solar cell manufacturer's stock valued at $362,396,000 after buying an additional 100,694 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in First Solar by 4.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,305,471 shares of the solar cell manufacturer's stock valued at $257,441,000 after buying an additional 56,300 shares during the last quarter. 92.08% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about First Solar

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

• Positive Sentiment: Truist upgraded First Solar to Buy and raised its price target to $270 from $229, implying substantial upside from recent levels. Analyst Christopher Souther cited stronger expected U.S. module pricing, raising his 2029 average selling price estimate by 17% and seeing a more supportive pricing backdrop into the 2030s. This Analyst Just Upgraded First Solar Stock
• Positive Sentiment: A Section 232 trade decision establishing a floor for imported panel pricing could improve First Solar’s competitive position by reducing pricing pressure from lower-cost foreign suppliers. The policy is viewed as more favorable for First Solar than for some other solar manufacturers. First Solar Climbs as Truist Buy Call and Tariff Policy Support Pricing
• Positive Sentiment: Options activity was unusually strong, with traders purchasing 48,646 call options—about 97% above typical volume. This indicates increased bullish speculation, although options activity does not guarantee sustained share-price gains.
• Neutral Sentiment: Investors are also positioning for First Solar’s upcoming third-quarter earnings report. Analysts expect high-single-digit earnings growth, but the results and management’s outlook will be needed to confirm the improved pricing thesis. Earnings Preview: What to Expect From First Solar’s Report
• Negative Sentiment: Morningstar lowered its fair-value estimate to $191, citing the potential expiration of tax benefits and continuing competition. The firm acknowledged rising electricity demand from artificial-intelligence infrastructure but warned that policy support remains a key risk. FSLR Stock Slips Overnight as Tax Credits Face a Test

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Roth Capital reissued a "buy" rating and issued a $300.00 price objective on shares of First Solar in a research note on Friday, July 24th. HSBC upgraded shares of First Solar from a "hold" rating to a "buy" rating in a research note on Friday, August 7th. Evercore restated a "positive" rating and issued a $218.00 target price on shares of First Solar in a research note on Monday, August 17th. Robert W. Baird lowered their target price on shares of First Solar from $318.00 to $290.00 and set an "outperform" rating on the stock in a report on Tuesday, September 22nd. Finally, Guggenheim reiterated a "buy" rating on shares of First Solar in a research note on Monday, September 28th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $266.33.

Insider Activity at First Solar

In other First Solar news, CTO Markus Gloeckler sold 800 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $174.00, for a total value of $139,200.00. Following the completion of the transaction, the chief technology officer directly owned 5,042 shares of the company's stock, valued at approximately $877,308. This trade represents a 13.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Jason Dymbort sold 3,700 shares of the 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 transaction, the general counsel directly owned 5,624 shares of the company's stock, valued at approximately $1,402,513.12. This trade represents a 39.68% decrease in their ownership of the stock. 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 sold a total of 16,681 shares of company stock worth $3,756,286 in the last ninety days. Corporate insiders own 0.39% of the company's stock.

First Solar Stock Up 3.8%

Shares of First Solar stock traded up $6.88 during trading on Tuesday, reaching $186.60. The company's stock had a trading volume of 2,421,534 shares, compared to its average volume of 2,369,106. The business has a 50 day moving average price of $203.85 and a 200-day moving average price of $219.47. First Solar, Inc. has a 12-month low of $168.60 and a 12-month high of $320.95. The company has a market capitalization of $20.05 billion, a P/E ratio of 11.50, a price-to-earnings-growth ratio of 0.48 and a beta of 1.80.

First Solar (NASDAQ:FSLR - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The solar cell manufacturer reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $1.02. The firm had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.06 billion. First Solar had a return on equity of 18.02% and a net margin of 32.47%. First Solar's revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.18 earnings per share. Research analysts predict that First Solar, Inc. will post 17.68 EPS for the current fiscal year.

About First Solar

First Solar, Inc is a solar technology and manufacturing company that designs and produces photovoltaic (PV) solar modules for utility-scale power projects. Unlike conventional crystalline-silicon panels, its modules use thin-film semiconductor technology based on cadmium telluride (CdTe), which the company says can provide advantages in energy yield, temperature performance and lifecycle sustainability.

The company's product portfolio includes its Series 6 and Series 7 thin-film solar modules, along with related services such as technical support, module recycling and end-of-life collection.

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