6,072 Shares in First Solar, Inc. $FSLR Bought by Formula Growth Ltd.

Formula Growth Ltd. purchased a new stake in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,072 shares of the solar cell manufacturer's stock, valued at approximately $1,433,000.

A number of other large investors have also added to or reduced their stakes in FSLR. Strategic Wealth Investment Group LLC purchased a new position in shares of First Solar during the 2nd quarter valued at about $26,000. Commonwealth Retirement Investments LLC purchased a new stake in First Solar in the fourth quarter worth approximately $26,000. Reflection Asset Management purchased a new stake in First Solar in the fourth quarter worth approximately $26,000. Larson Financial Group LLC grew its position in First Solar by 117.0% during the fourth 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 last quarter. Finally, Elyxium Wealth LLC bought a new position in First Solar during the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 92.08% of the company's stock.

First Solar Stock Performance

NASDAQ FSLR opened at $210.10 on Friday. First Solar, Inc. has a fifty-two week low of $182.99 and a fifty-two week high of $320.95. The stock has a 50 day simple moving average of $224.48 and a two-hundred day simple moving average of $223.52. The stock has a market cap of $22.58 billion, a P/E ratio of 12.95, a price-to-earnings-growth ratio of 0.45 and a beta of 1.75.

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

Insider Activity at First Solar

In other news, EVP Samantha L. Sloan sold 127 shares of the firm's stock in a transaction dated Monday, August 17th. The shares were 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 directly owned 2,018 shares of the company's stock, valued at approximately $449,913.10. This trade represents a 5.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Jason E. Dymbort sold 3,700 shares of First Solar 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 sale, the general counsel directly owned 5,624 shares in the company, valued at $1,402,513.12. The trade was a 39.68% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 15,081 shares of company stock valued at $3,457,086 in the last 90 days. 0.39% of the stock is owned by company insiders.

Key Stories Impacting First Solar

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

• Positive Sentiment: BMO upgrades First Solar to Outperform: BMO Capital Markets raised its rating from Market Perform and increased its price target from $237 to $263, citing an overly severe post-Section 232 selloff and improved risk/reward. First Solar raised at BMO as post-Section 232 selloff looks overdone
• Positive Sentiment: Argus reiterates a Buy rating: Argus Research maintained its Buy recommendation and assigned a $275 target, implying substantial upside from recent trading levels. First Solar receives a Buy from Argus Research
• Positive Sentiment: Tariff reaction may have been excessive: A climate-finance expert argued that Wall Street misinterpreted the latest solar-tariff announcement. The view supports First Solar as a U.S.-based manufacturer that could benefit from policies favoring domestic solar supply chains. Wall Street misread the solar tariffs
• Positive Sentiment: Policy developments support domestic production: New restrictions on certain foreign bulk-power equipment and discussions around tariffs on imported polysilicon could improve the competitive position of U.S. solar manufacturers, although any government support remains speculative. Why are solar stocks rising overnight?
• Neutral Sentiment: First Solar’s latest reported quarter exceeded earnings expectations, with $3.92 in EPS versus a $2.90 consensus estimate, though revenue declined year over year. Analysts currently project approximately $17.77 in full-year EPS.
• Negative Sentiment: Not all market commentary is bullish: Jim Cramer advised caution on First Solar, while an earlier comparison showed some solar peers benefiting more directly from equipment-import restrictions. Policy uncertainty and tariff implementation remain risks. Jim Cramer commentary on First Solar

Analyst Ratings Changes

A number of brokerages have recently weighed in on FSLR. Weiss Ratings upgraded shares of First Solar from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, June 25th. Evercore reaffirmed a "positive" rating and issued a $218.00 price objective on shares of First Solar in a research note on Monday, August 17th. Jefferies Financial Group set a $196.00 target price on shares of First Solar in a report on Monday, August 3rd. Sanford C. Bernstein decreased their target price on shares of First Solar from $217.00 to $197.00 and set an "underperform" rating on the stock in a research report on Friday, July 31st. Finally, HSBC raised shares of First Solar from a "hold" rating to a "buy" rating in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, First Solar currently has a consensus rating of "Moderate Buy" and a consensus target price of $266.27.

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.

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