Bryn Mawr Trust Advisors LLC Buys Shares of 6,035 First Solar, Inc. $FSLR

Key Points

• Bryn Mawr Trust Advisors purchased 6,035 First Solar shares during the second quarter, valued at approximately $1.42 million.
• Institutional ownership remains high at 92.08%, with several hedge funds increasing or initiating positions in First Solar.
• Analysts hold a consensus Moderate Buy rating with an average price target of $261.79; the company also exceeded quarterly earnings expectations, reporting $3.92 in EPS versus the $2.90 consensus estimate.

Bryn Mawr Trust Advisors LLC purchased a new stake 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. The institutional investor purchased 6,035 shares of the solar cell manufacturer's stock, valued at approximately $1,424,000.

Several other hedge funds and other institutional investors have also made changes to their positions in FSLR. Pictet Asset Management Holding SA grew its position in shares of First Solar by 29.3% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,138,473 shares of the solar cell manufacturer's stock worth $224,540,000 after buying an additional 258,204 shares during the period. Atlatl Advisers LLC acquired a new stake in shares of First Solar in the 4th quarter valued at approximately $1,697,000. Northwestern Mutual Wealth Management Co. raised its position in shares of First Solar by 1,054.3% in 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 acquiring an additional 47,695 shares during the period. Genus Capital Management Inc. bought a new position in First Solar during the 4th quarter worth approximately $4,525,000. Finally, TABR Capital Management LLC bought a new position in First Solar during the 4th quarter worth approximately $5,626,000. 92.08% of the stock is currently owned by institutional investors.

Trending Headlines about 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

Insider Buying and Selling at First Solar

In related news, insider Caroline Stockdale sold 10,628 shares of the business's stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $275.60, for a total value of $2,929,076.80. Following the sale, the insider directly owned 23,792 shares of the company's stock, valued at approximately $6,557,075.20. The trade was a 30.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Jason E. Dymbort sold 3,700 shares of the company's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $249.38, for a total transaction of $922,706.00. Following the completion of the transaction, the general counsel directly owned 5,624 shares of the company's stock, valued at approximately $1,402,513.12. The trade was a 39.68% 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 sold a total of 30,979 shares of company stock valued at $7,694,724 over the last quarter. 0.39% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Susquehanna upped their target price on shares of First Solar from $250.00 to $270.00 and gave the company a "positive" rating in a research note on Friday, July 10th. Oppenheimer reiterated a "market perform" rating on shares of First Solar in a report on Friday, July 31st. Weiss Ratings raised shares of First Solar from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, June 25th. Citigroup boosted their price target on shares of First Solar from $294.00 to $297.00 and gave the company a "buy" rating in a report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of 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 research report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $261.79.

First Solar Stock Performance

NASDAQ FSLR opened at $225.56 on Friday. The stock has a market cap of $24.24 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 0.49 and a beta of 1.75. The business has a 50 day simple moving average of $233.60 and a 200 day simple moving average of $224.87. First Solar, Inc. has a 52-week low of $179.06 and a 52-week high of $320.95.

First Solar (NASDAQ:FSLR - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The solar cell manufacturer reported $3.92 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 32.47% and a return on equity of 18.02%. The business's revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.18 earnings per share. On average, analysts predict that First Solar, Inc. will post 17.75 EPS 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.

Want to see what other hedge funds are holding FSLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Solar, Inc. (NASDAQ:FSLR - Free Report).

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source