Avalon Trust Co Makes New $4.76 Million Investment in First Solar, Inc. $FSLR

Avalon Trust Co acquired a new stake in First Solar, Inc. (NASDAQ:FSLR - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 20,170 shares of the solar cell manufacturer's stock, valued at approximately $4,759,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FSLR. Strategic Wealth Investment Group LLC purchased a new stake in First Solar during the 2nd quarter worth about $26,000. Commonwealth Retirement Investments LLC purchased a new position in shares of First Solar in the 4th quarter valued at about $26,000. Reflection Asset Management acquired a new position in shares of First Solar during the fourth quarter worth about $26,000. Larson Financial Group LLC grew its position in shares of First Solar by 117.0% during the fourth 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 purchased a new stake in shares of First Solar during the fourth quarter worth approximately $30,000. 92.08% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines 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

Analysts Set New Price Targets

Several analysts recently weighed in on FSLR shares. Robert W. Baird set a $318.00 target price on shares of First Solar and gave the company an "outperform" rating in a report on Tuesday. Susquehanna raised their price objective on shares of First Solar from $250.00 to $270.00 and gave the company a "positive" rating in a report on Friday, July 10th. UBS Group lifted their price objective on shares of First Solar from $290.00 to $330.00 and gave the stock a "buy" rating in a research report on Thursday, June 11th. HSBC upgraded shares of First Solar from a "hold" rating to a "buy" rating in a research note on Friday, August 7th. Finally, Sanford C. Bernstein dropped their target price on First Solar from $217.00 to $197.00 and set an "underperform" rating on the stock in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $261.79.

First Solar Trading Up 0.8%

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

First Solar (NASDAQ:FSLR - Get Free Report) last issued its quarterly earnings data 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. First Solar had a net margin of 32.47% and a return on equity of 18.02%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the firm earned $3.18 EPS. The company's revenue was down 3.4% compared to the same quarter last year. On average, equities research analysts predict that First Solar, Inc. will post 17.75 earnings per share for the current year.

Insider Activity

In related news, CEO Mark R. Widmar sold 4,815 shares of the business's stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 89,033 shares of the company's stock, valued at $22,029,435.19. The trade was a 5.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Caroline Stockdale sold 10,628 shares of the company's stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $275.60, for a total transaction of $2,929,076.80. Following the completion of the transaction, the insider owned 23,792 shares of the company's stock, valued at $6,557,075.20. This represents a 30.88% 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 30,979 shares of company stock worth $7,694,724 over the last three months. Company insiders own 0.39% of the company's stock.

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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