Danske Bank A S Makes New Investment in First Solar, Inc. $FSLR

Key Points

• Danske Bank A/S bought 92,572 First Solar shares in the second quarter, valued at approximately $21.8 million. Institutional investors collectively own 92.08% of the company.
• First Solar reported quarterly EPS of $3.92, beating consensus estimates of $2.90, while revenue reached $1.06 billion but declined 3.4% year over year.
• Shares opened at $214.06, down 3.8%, despite a consensus “Moderate Buy” rating and an average analyst price target of $264.44. Insiders have sold 25,709 shares worth $6.4 million over the past 90 days.

Danske Bank A S purchased a new stake in First Solar, Inc. (NASDAQ:FSLR - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 92,572 shares of the solar cell manufacturer's stock, valued at approximately $21,843,000. Danske Bank A S owned approximately 0.09% of First Solar as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of FSLR. Commonwealth Retirement Investments LLC purchased a new stake in First Solar during the fourth quarter valued at approximately $26,000. Reflection Asset Management purchased a new position in First Solar in the fourth quarter worth $26,000. Strategic Wealth Investment Group LLC purchased a new position in First Solar in the second quarter worth $26,000. Larson Financial Group LLC increased 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 purchasing an additional 55 shares in the last quarter. Finally, Elyxium Wealth LLC acquired a new position in shares of First Solar during the fourth quarter worth $30,000. Hedge funds and other institutional investors own 92.08% of the company's stock.

Insider Buying and Selling at First Solar

In other news, 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 value of $922,706.00. Following the sale, the general counsel directly owned 5,624 shares of the company's stock, valued at $1,402,513.12. This represents a 39.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Samantha L. Sloan sold 127 shares of the company's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $222.95, for a total transaction of $28,314.65. Following the completion of the sale, the executive vice president directly owned 2,018 shares in the company, valued at $449,913.10. This trade represents a 5.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 25,709 shares of company stock worth $6,386,163. Corporate insiders own 0.39% of the company's stock.

First Solar Stock Down 3.8%

Shares of NASDAQ:FSLR opened at $214.06 on Friday. First Solar, Inc. has a 52-week low of $182.99 and a 52-week high of $320.95. The stock has a market cap of $23.00 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 0.49 and a beta of 1.75. The business has a 50-day moving average price of $229.93 and a 200-day moving average price of $224.33.

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FSLR. TD Cowen reissued a "buy" rating on shares of First Solar in a research report on Monday, July 20th. Oppenheimer reaffirmed a "market perform" rating on shares of First Solar in a research report on Friday, July 31st. Argus increased their price target on First Solar from $250.00 to $275.00 and gave the company a "buy" rating in a research note on Wednesday, May 13th. Jefferies Financial Group set a $196.00 price target on First Solar in a report on Monday, August 3rd. Finally, Guggenheim boosted their price target on First Solar from $279.00 to $282.00 and gave the stock a "buy" rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, First Solar presently has a consensus rating of "Moderate Buy" and an average price target of $264.44.

First Solar News Roundup

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

• Positive Sentiment: First Solar could benefit from a wave of solar-industry bankruptcies if weaker competitors exit the market, potentially reducing competition and supporting demand for its domestically produced thin-film modules. First Solar stands to gain as bankruptcy wave hits solar sector
• Positive Sentiment: Some market commentary argues that First Solar may be undervalued, while a 15% tariff on imported polysilicon could support domestic pricing and cash flow. These factors offer potential offsets to the company’s legal and policy risks. First Solar Stock Could Be 30% Undervalued As Tariff News Lifts Sentiment
• Neutral Sentiment: First Solar executive Samantha Sloan sold 127 shares for approximately $28,315 to cover tax withholding on vested equity awards. The small, tax-related transaction is unlikely to represent a meaningful change in management’s view of the business.
• Negative Sentiment: Several law firms are promoting a securities class action against First Solar and certain officers. The lawsuit alleges investors were misled about Series 6 module production underutilization, the costs and challenges of moving operations to South Carolina, and related tariff and production risks during the February 26, 2025–February 24, 2026 class period. The allegations have not been proven, but potential damages, legal costs and reputational harm are weighing on sentiment. Investors have until August 24, 2026, to seek lead-plaintiff status. Pomerantz Announces First Solar Class Action

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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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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