5,170 Shares in First Solar, Inc. $FSLR Acquired by Orion Capital Management LLC

Key Points

• Orion Capital Management acquired 5,170 First Solar shares in the second quarter, valued at approximately $1.22 million. Institutional investors collectively own 92.08% of the company.
• First Solar’s latest quarterly earnings beat estimates, with EPS of $3.92 versus the $2.90 consensus, although revenue declined 3.4% year over year to $1.06 billion.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $266.27, though some analysts remain cautious and insiders have sold shares recently.

Orion Capital Management LLC purchased a new stake in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,170 shares of the solar cell manufacturer's stock, valued at approximately $1,220,000.

Other institutional investors have also recently bought and sold shares of the company. Commonwealth Retirement Investments LLC bought a new stake in shares of First Solar during the fourth quarter worth $26,000. Reflection Asset Management bought a new position in shares of First Solar in the fourth quarter valued at about $26,000. Strategic Wealth Investment Group LLC acquired a new position in First Solar during the 2nd quarter worth about $26,000. Larson Financial Group LLC lifted its position 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 worth $27,000 after buying an additional 55 shares in the last quarter. Finally, Elyxium Wealth LLC acquired a new position in First Solar during the 4th quarter worth about $30,000. Institutional investors own 92.08% of the company's stock.

Trending Headlines about First Solar

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

• Positive Sentiment: BMO upgraded First Solar to Outperform and raised its price target to $263 from $237, implying substantial upside from the reference price. BMO reportedly believes the market reaction to the latest Section 232 tariff developments was overdone. BMO upgrades First Solar as tariff selloff looks overdone
• Positive Sentiment: Argus reiterated a Buy rating on First Solar, reinforcing the view that the company’s valuation and long-term growth prospects remain attractive despite recent volatility. Argus reiterates Buy rating for First Solar
• Positive Sentiment: A climate-finance expert said Wall Street may have misinterpreted the market’s response to the latest solar-tariff announcement, potentially easing concerns that trade policy will materially damage First Solar’s outlook. Wall Street misread the solar tariffs
• Positive Sentiment: An emergency order restricting certain foreign bulk-power-system equipment and software could benefit U.S. solar and energy-equipment manufacturers by supporting domestic suppliers, although the direct impact on First Solar is uncertain. Why solar stocks were rising overnight
• Neutral Sentiment: First Solar’s latest quarterly results exceeded earnings expectations, but revenue declined year over year, leaving investors focused on policy developments and future demand rather than the reported quarter.
• Negative Sentiment: Jim Cramer advised investors to stay away from First Solar, while Evercore ISI maintained an In-Line rating and trimmed its price target to $218, highlighting continued analyst disagreement and near-term uncertainty. Jim Cramer comments on First Solar

Insider Buying and Selling

In related news, insider Michael Koralewski sold 7,000 shares of the company's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $221.51, for a total value of $1,550,570.00. Following the completion of the sale, the insider owned 7,642 shares in the company, valued at $1,692,779.42. This represents a 47.81% decrease in their position. The transaction 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, EVP Samantha L. Sloan sold 127 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $222.95, for a total value of $28,314.65. Following the completion of the sale, the executive vice president owned 2,018 shares of the company's stock, valued at $449,913.10. This trade represents a 5.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 15,081 shares of company stock valued at $3,457,086 over the last 90 days. 0.39% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

FSLR has been the subject of several research reports. Jefferies Financial Group set a $196.00 price objective on shares of First Solar in a research report on Monday, August 3rd. Oppenheimer reiterated a "market perform" rating on shares of First Solar in a research report on Friday, July 31st. Guggenheim increased their price target on shares of First Solar from $279.00 to $282.00 and gave the company a "buy" rating in a research note on Monday, August 3rd. Weiss Ratings raised 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 price objective on shares of First Solar from $250.00 to $270.00 and gave the stock 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-one have given a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $266.27.

First Solar Stock Performance

FSLR opened at $204.46 on Friday. The company has a fifty day moving average price of $223.42 and a two-hundred day moving average price of $223.38. First Solar, Inc. has a 52 week low of $182.99 and a 52 week high of $320.95. The firm has a market capitalization of $21.97 billion, a PE ratio of 12.61, a P/E/G ratio of 0.46 and a beta of 1.75.

First Solar (NASDAQ:FSLR - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The solar cell manufacturer reported $3.92 earnings per share for the quarter, beating analysts' consensus estimates of $2.90 by $1.02. First Solar had a return on equity of 18.02% and a net margin of 32.47%.The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the business posted $3.18 EPS. The firm's quarterly revenue was down 3.4% on a year-over-year basis. Equities analysts forecast that First Solar, Inc. will post 17.77 EPS for the current year.

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.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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