Bank of New York Mellon Corp Purchases Shares of 699,110 First Solar, Inc. $FSLR

Bank of New York Mellon Corp purchased a new position in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 699,110 shares of the solar cell manufacturer's stock, valued at approximately $164,962,000. Bank of New York Mellon Corp owned about 0.65% of First Solar at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FSLR. Norges Bank acquired a new position in First Solar during the fourth quarter valued at approximately $392,040,000. Viking Global Investors LP increased its position in shares of First Solar by 60.6% in the second quarter. Viking Global Investors LP now owns 2,266,050 shares of the solar cell manufacturer's stock worth $375,122,000 after acquiring an additional 854,919 shares in the last quarter. Polar Capital Holdings Plc acquired a new stake in shares of First Solar in the fourth quarter worth $200,109,000. Amundi increased its position in shares of First Solar by 38.6% in the third quarter. Amundi now owns 2,025,835 shares of the solar cell manufacturer's stock worth $459,917,000 after acquiring an additional 564,032 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of First Solar by 4,606.4% in the 1st quarter. Pacer Advisors Inc. now owns 405,221 shares of the solar cell manufacturer's stock valued at $79,934,000 after acquiring an additional 396,611 shares during the period. 92.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FSLR. Freedom Capital upgraded shares of First Solar from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 5th. Weiss Ratings raised First Solar from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, June 25th. Barclays upped their target price on First Solar from $213.00 to $279.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 14th. Guggenheim increased their target price on First Solar from $279.00 to $282.00 and gave the company a "buy" rating in a research note on Monday, August 3rd. Finally, Truist Financial reiterated a "hold" rating and set a $229.00 target price (down from $249.00) on shares of First Solar in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $264.44.

Insider Buying and Selling at First Solar

In related news, EVP Samantha L. Sloan sold 127 shares of First Solar stock in a transaction on 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 owned 2,018 shares in the company, valued at approximately $449,913.10. The trade was a 5.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 the company's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $249.38, for a total transaction of $922,706.00. Following the completion of the sale, the general counsel directly owned 5,624 shares in the company, valued at $1,402,513.12. This represents a 39.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 25,709 shares of company stock valued at $6,386,163. Corporate insiders own 0.39% of the company's stock.

First Solar News Summary

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

• Positive Sentiment: First Solar could benefit competitively as a wave of bankruptcies pressures weaker solar-sector companies, potentially improving its relative market position and customer opportunities. First Solar stands to gain as bankruptcy wave hits solar sector
• Neutral Sentiment: The securities class action covers investors who purchased First Solar shares between February 26, 2025, and February 24, 2026. Investors have been urged to seek lead-plaintiff status by August 24. The deadline notices from Kaplan Fox, Pomerantz, Faruqi & Faruqi, Rosen, SBS, DJS and other firms largely repeat the same information and do not represent a new operating announcement by First Solar. Kaplan Fox class action deadline notice
• Negative Sentiment: The lawsuit alleges that First Solar and certain officers violated federal securities laws by making misleading statements or omissions. Reported areas of investor concern include underutilization in Series 6 module production and costly challenges associated with expanding domestic manufacturing operations in South Carolina. If the case advances, it could create legal costs, potential damages and reputational risk for First Solar. SueWallSt First Solar class action allegations

First Solar Price Performance

NASDAQ:FSLR opened at $214.28 on Monday. The firm has a 50-day moving average of $228.86 and a two-hundred day moving average of $224.21. The stock has a market cap of $23.02 billion, a P/E ratio of 13.21, a PEG ratio of 0.47 and a beta of 1.76. First Solar, Inc. has a 1-year low of $182.99 and a 1-year high of $320.95.

First Solar (NASDAQ:FSLR - Get Free Report) last announced its earnings results on Thursday, July 30th. The solar cell manufacturer reported $3.92 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the company earned $3.18 earnings per share. The company's revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, equities analysts expect that First Solar, Inc. will post 17.72 earnings per share 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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