9,771 Shares in First Solar, Inc. $FSLR Bought by Global Retirement Partners LLC

Key Points

• Global Retirement Partners LLC purchased 9,771 First Solar shares worth approximately $2.3 million in the second quarter. Institutional investors collectively own 92.08% of FSLR.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $261.79; Wells Fargo and Mizuho set targets of $313 and $324, respectively.
• First Solar exceeded quarterly earnings expectations, reporting $3.92 in EPS versus the $2.90 consensus on $1.06 billion in revenue, though revenue declined 3.4% year over year.

Global Retirement Partners LLC purchased a new stake in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 9,771 shares of the solar cell manufacturer's stock, valued at approximately $2,306,000.

Several other institutional investors and hedge funds have also made changes to their positions in FSLR. Woodline Partners LP boosted its holdings in First Solar by 40.7% in the first quarter. Woodline Partners LP now owns 9,044 shares of the solar cell manufacturer's stock valued at $1,143,000 after purchasing an additional 2,615 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in First Solar by 50.9% in the second quarter. EverSource Wealth Advisors LLC now owns 516 shares of the solar cell manufacturer's stock valued at $85,000 after acquiring an additional 174 shares during the period. Brown Advisory Inc. grew its stake in First Solar by 84.3% during the 2nd quarter. Brown Advisory Inc. now owns 4,529 shares of the solar cell manufacturer's stock worth $750,000 after buying an additional 2,072 shares during the last quarter. Cerity Partners LLC bought a new position in shares of First Solar during the second quarter worth about $494,000. Finally, AXA S.A. raised its holdings in shares of First Solar by 6.3% during 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 currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on FSLR shares. Wells Fargo & Company upped their target price on 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 First Solar from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, June 25th. Mizuho set a $324.00 price target on First Solar in a report on Thursday. Deutsche Bank Aktiengesellschaft upgraded shares of First Solar from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $245.00 to $272.00 in a research note on Monday, July 6th. Finally, BMO Capital Markets reduced their price target on shares of First Solar from $252.00 to $237.00 and set a "market perform" rating for the company in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $261.79.

First Solar Price Performance

Shares of NASDAQ FSLR opened at $225.56 on Monday. First Solar, Inc. has a fifty-two week low of $179.06 and a fifty-two week high of $320.95. The firm has a market capitalization of $24.24 billion, a P/E ratio of 13.91, a P/E/G ratio of 0.49 and a beta of 1.76. The company's 50 day simple moving average is $233.60 and its 200 day simple moving average is $224.75.

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 for the quarter, topping the consensus estimate of $2.90 by $1.02. The firm had revenue of $1.06 billion for 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 company's revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $3.18 earnings per share. Sell-side analysts expect that First Solar, Inc. will post 17.75 EPS for the current fiscal year.

First Solar News Roundup

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

Insider Activity

In other news, CEO Mark R. Widmar sold 4,815 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $247.43, for a total value of $1,191,375.45. Following the transaction, the chief executive officer directly owned 89,033 shares of the company's stock, valued at $22,029,435.19. This represents a 5.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 First Solar stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $249.38, for a total value of $922,706.00. Following the sale, the general counsel directly owned 5,624 shares of the company's stock, valued at $1,402,513.12. This represents a 39.68% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 30,979 shares of company stock valued at $7,694,724. 0.39% of the stock is owned by insiders.

First Solar Company 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.

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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