ABN AMRO Bank N.V. Invests $48.05 Million in First Solar, Inc. $FSLR

Key Points

• ABN AMRO Bank N.V. acquired 203,504 First Solar shares worth approximately $48.05 million, giving it a 0.19% stake. Institutional investors collectively own 92.08% of the company.
• Analysts remain broadly positive, with First Solar receiving a “Moderate Buy” consensus rating and an average price target of $261.79; several firms recently upgraded the stock or raised their targets.
• First Solar reported quarterly EPS of $3.92, beating estimates of $2.90, while revenue reached $1.06 billion. However, revenue declined 3.4% year over year, and insiders sold nearly $7.7 million of shares over the past three months.

ABN AMRO Bank N.V. purchased a new stake in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 203,504 shares of the solar cell manufacturer's stock, valued at approximately $48,045,000. ABN AMRO Bank N.V. owned 0.19% of First Solar as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in FSLR. Root Financial Partners LLC raised its stake in shares of First Solar by 18.2% during the fourth quarter. Root Financial Partners LLC now owns 292 shares of the solar cell manufacturer's stock worth $76,000 after buying an additional 45 shares during the last quarter. Fiduciary Financial Group LLC lifted its holdings in First Solar by 2.3% in the second quarter. Fiduciary Financial Group LLC now owns 2,026 shares of the solar cell manufacturer's stock valued at $478,000 after buying an additional 45 shares during the period. FIL Ltd boosted its stake in First Solar by 6.9% in the fourth quarter. FIL Ltd now owns 708 shares of the solar cell manufacturer's stock valued at $185,000 after acquiring an additional 46 shares during the last quarter. Fielder Capital Group LLC grew its holdings in First Solar by 4.1% during the 4th quarter. Fielder Capital Group LLC now owns 1,196 shares of the solar cell manufacturer's stock worth $312,000 after acquiring an additional 47 shares during the period. Finally, Burford Brothers Inc. grew its holdings in First Solar by 0.3% during the 4th quarter. Burford Brothers Inc. now owns 19,080 shares of the solar cell manufacturer's stock worth $4,984,000 after acquiring an additional 48 shares during the period. Institutional investors own 92.08% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on FSLR. HSBC upgraded shares of First Solar from a "hold" rating to a "buy" 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 research report on Thursday, June 25th. Barclays lifted their price objective on First Solar from $213.00 to $279.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft upgraded First Solar from a "hold" rating to a "buy" rating and upped their price objective for the company from $245.00 to $272.00 in a report on Monday, July 6th. Finally, Argus increased their target price on First Solar from $250.00 to $275.00 and gave the company a "buy" rating in a research note on Wednesday, May 13th. One equities research 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 assigned a Sell rating to the company. According to data from MarketBeat, First Solar presently has an average rating of "Moderate Buy" and an average price target of $261.79.

First Solar Trading Up 0.8%

FSLR stock opened at $225.56 on Friday. The business's 50-day moving average price is $233.60 and its two-hundred day moving average price is $224.87. The firm has a market cap of $24.24 billion, a PE ratio of 13.91, a P/E/G ratio of 0.49 and a beta of 1.75. First Solar, Inc. has a 1-year low of $179.06 and a 1-year high of $320.95.

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 analysts' consensus estimates 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%.The company's revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.18 earnings per share. On average, analysts forecast that First Solar, Inc. will post 17.75 earnings per share for the current year.

Insiders Place Their Bets

In other First Solar news, CTO Markus Gloeckler sold 3,425 shares of First Solar stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $218.95, for a total value of $749,903.75. Following the transaction, the chief technology officer owned 7,471 shares of the company's stock, valued at approximately $1,635,775.45. The trade was a 31.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Koralewski sold 7,000 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $221.51, for a total transaction of $1,550,570.00. Following the completion of the transaction, the insider owned 7,642 shares of the company's stock, valued at $1,692,779.42. This trade represents a 47.81% 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. Insiders sold 30,979 shares of company stock worth $7,694,724 in the last three months. 0.39% of the stock is owned by corporate insiders.

Key Stories Impacting First Solar

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

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.

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