Clear Harbor Asset Management LLC Invests $2.03 Million in First Solar, Inc. $FSLR

Key Points

• Clear Harbor Asset Management purchased 8,616 First Solar shares worth approximately $2.03 million during the second quarter. Institutional investors collectively own 92.08% of the company.
• First Solar exceeded quarterly earnings expectations, reporting $3.92 EPS versus the $2.90 consensus estimate, while analysts maintain a “Moderate Buy” consensus with an average price target of $264.44.
• Insiders sold 25,709 shares worth $6.39 million over the past three months, and the company faces securities-class-action allegations involving production underutilization and South Carolina manufacturing expansion costs.

Clear Harbor Asset Management LLC purchased a new stake in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,616 shares of the solar cell manufacturer's stock, valued at approximately $2,033,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in First Solar during the 2nd quarter valued at $3,310,298,000. Norges Bank acquired a new stake in shares of First Solar in the fourth quarter worth $392,040,000. Deutsche Bank AG acquired a new stake in shares of First Solar in the second quarter worth $212,626,000. Viking Global Investors LP grew its holdings in shares of First Solar by 60.6% during the second quarter. Viking Global Investors LP now owns 2,266,050 shares of the solar cell manufacturer's stock valued at $375,122,000 after buying an additional 854,919 shares in the last quarter. Finally, Polar Capital Holdings Plc purchased a new position in shares of First Solar during the fourth quarter valued at $200,109,000. Institutional investors and hedge funds own 92.08% of the company's stock.

Trending Headlines about First Solar

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

Insider Activity at First Solar

In related news, insider Caroline Stockdale sold 10,628 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $275.60, for a total value of $2,929,076.80. Following the transaction, the insider owned 23,792 shares in the company, valued at approximately $6,557,075.20. This represents a 30.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Koralewski sold 7,000 shares of the firm'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 transaction, the insider directly owned 7,642 shares in the company, valued at approximately $1,692,779.42. The trade was a 47.81% 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. Over the last three months, insiders sold 25,709 shares of company stock worth $6,386,163. 0.39% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

FSLR has been the subject of several research analyst reports. TD Cowen reissued a "buy" rating on shares of First Solar in a research note on Monday, July 20th. Guggenheim raised their price objective on First Solar from $279.00 to $282.00 and gave the stock a "buy" rating in a research report on Monday, August 3rd. Susquehanna lifted their target price on First Solar from $250.00 to $270.00 and gave the company a "positive" rating in a research note on Friday, July 10th. Roth Capital reiterated a "buy" rating and issued a $300.00 target price on shares of First Solar in a report on Friday, July 24th. Finally, Zacks Research raised shares of First Solar from a "strong sell" rating to a "hold" rating in a research report on Monday, April 27th. One investment 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $264.44.

First Solar Trading Up 0.1%

NASDAQ FSLR opened at $214.28 on Friday. First Solar, Inc. has a 1-year low of $182.99 and a 1-year high of $320.95. The firm's fifty day simple moving average is $228.86 and its 200-day simple moving average is $224.26. The company has a market capitalization of $23.02 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 0.47 and a beta of 1.75.

First Solar (NASDAQ:FSLR - Get Free Report) last released its quarterly earnings data 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. First Solar had a return on equity of 18.02% and a net margin of 32.47%.The firm had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.06 billion. During the same quarter last year, the firm earned $3.18 earnings per share. The business's revenue for the quarter was down 3.4% on a year-over-year basis. As a group, analysts predict that First Solar, Inc. will post 17.72 EPS for the current year.

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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