BlackRock Inc. Acquires Shares of 14,029,065 First Solar, Inc. $FSLR

BlackRock Inc. acquired a new position in First Solar, Inc. (NASDAQ:FSLR - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,029,065 shares of the solar cell manufacturer's stock, valued at approximately $3,310,298,000. BlackRock Inc. owned approximately 13.06% of First Solar as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the business. Pictet Asset Management Holding SA increased its position in First Solar by 29.3% in the first quarter. Pictet Asset Management Holding SA now owns 1,138,473 shares of the solar cell manufacturer's stock worth $224,540,000 after purchasing an additional 258,204 shares during the period. Atlatl Advisers LLC acquired a new position in First Solar during the 4th quarter valued at about $1,697,000. Northwestern Mutual Wealth Management Co. lifted its position in First Solar by 1,054.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 52,219 shares of the solar cell manufacturer's stock valued at $13,641,000 after purchasing an additional 47,695 shares during the period. Genus Capital Management Inc. bought a new position in shares of First Solar in the 4th quarter valued at about $4,525,000. Finally, TABR Capital Management LLC bought a new position in shares of First Solar in the 4th quarter valued at about $5,626,000. 92.08% of the stock is owned by institutional investors.

First Solar Stock Performance

Shares of FSLR opened at $220.01 on Wednesday. The stock has a 50 day simple moving average of $231.60 and a 200 day simple moving average of $224.42. First Solar, Inc. has a 52-week low of $182.99 and a 52-week high of $320.95. The firm has a market capitalization of $23.64 billion, a PE ratio of 13.56, a P/E/G ratio of 0.49 and a beta of 1.76.

First Solar (NASDAQ:FSLR - Get Free Report) last announced its earnings results on Thursday, July 30th. The solar cell manufacturer reported $3.92 EPS 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 the consensus estimate of $1.06 billion. First Solar had a net margin of 32.47% and a return on equity of 18.02%. The business's quarterly revenue was down 3.4% on a year-over-year basis. During the same period last year, the company posted $3.18 EPS. Equities research analysts predict that First Solar, Inc. will post 17.75 EPS for the current fiscal year.

Key First Solar News

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

• Positive Sentiment: First Solar was highlighted among the stronger second-quarter renewable-energy performers. The company’s latest results included adjusted EPS of $3.92, well above the $2.90 consensus estimate, while its contracted backlog remains substantial. Q2 Earnings Outperformers: First Solar and the Rest of the Renewable Energy Stocks
• Positive Sentiment: Zacks identified FSLR as a strong momentum stock, which may support investor interest following its earnings outperformance and relatively attractive valuation metrics. Why First Solar Is a Strong Momentum Stock
• Neutral Sentiment: Analyst and industry coverage continues to focus on strong solar demand, but changing U.S. policies, tariffs and import rules could affect pricing, customer decisions and First Solar’s 2026 earnings outlook. Solar Stocks to Watch as Policy Shifts Reshape the Industry
• Neutral Sentiment: Institutional positioning was mixed: several large investors added FSLR shares in the second quarter, while others reduced holdings. Separately, unusually heavy put-option activity suggests increased hedging or bearish speculation, but does not establish the market’s future direction.
• Negative Sentiment: First Solar faces a securities class-action lawsuit filed in federal court. The complaint alleges that the company and certain executives made misleading statements regarding tariffs and production utilization during the February 26, 2025–February 24, 2026 class period. Multiple law firms are publicizing an August 24 lead-plaintiff deadline. The allegations have not been proven, but the litigation adds reputational, financial and sentiment risk. Pomerantz Announces First Solar Class Action
• Neutral Sentiment: An executive sold a small number of shares to cover tax withholding obligations related to vested equity awards. Because the sale was designated for taxes and represented only 127 shares, it is unlikely to be a major fundamental signal.

Analysts Set New Price Targets

A number of research firms recently weighed in on FSLR. Robert W. Baird set a $318.00 price target on shares of First Solar and gave the stock an "outperform" rating in a research note on Tuesday, August 11th. Argus raised their price objective on shares of First Solar from $250.00 to $275.00 and gave the company a "buy" rating in a research note on Wednesday, May 13th. UBS Group lifted their price objective on First Solar from $290.00 to $330.00 and gave the stock a "buy" rating in a research note on Thursday, June 11th. Sanford C. Bernstein dropped their price objective on First Solar from $217.00 to $197.00 and set an "underperform" rating for the company in a report on Friday, July 31st. Finally, Zacks Research upgraded First Solar from a "strong sell" rating to a "hold" rating in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $264.44.

Insiders Place Their Bets

In other news, insider Caroline Stockdale sold 10,628 shares of the firm's stock in a transaction that occurred 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 directly owned 23,792 shares of the company's stock, valued at $6,557,075.20. This trade represents a 30.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Markus Gloeckler sold 829 shares of First Solar stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $248.00, for a total transaction of $205,592.00. Following the completion of the sale, the chief technology officer owned 6,642 shares in the company, valued at $1,647,216. This trade represents a 11.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 31,106 shares of company stock worth $7,723,039 in the last 90 days. Company insiders own 0.39% of the company's stock.

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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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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