Family Legacy Inc. Acquires New Holdings in First Solar, Inc. $FSLR

Key Points

• Family Legacy Inc. acquired 5,819 First Solar shares worth approximately $1.37 million in the second quarter. Institutional investors and hedge funds collectively own 92.08% of the company.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $261.79; several firms recently raised their targets, including UBS to $330.
• First Solar exceeded quarterly earnings expectations, reporting $3.92 in EPS versus the $2.90 consensus, while revenue of $1.06 billion declined 3.4% year over year. Insiders sold 30,979 shares worth about $7.69 million over the past three months.

Family Legacy Inc. bought a new position in First Solar, Inc. (NASDAQ:FSLR - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,819 shares of the solar cell manufacturer's stock, valued at approximately $1,373,000.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of First Solar during the fourth quarter worth approximately $392,040,000. Viking Global Investors LP increased its position in First Solar by 60.6% in the 2nd quarter. Viking Global Investors LP now owns 2,266,050 shares of the solar cell manufacturer's stock valued at $375,122,000 after acquiring an additional 854,919 shares during the period. Polar Capital Holdings Plc bought a new stake in First Solar during the 4th quarter valued at $200,109,000. Amundi raised its stake in First Solar by 38.6% during the 3rd quarter. Amundi now owns 2,025,835 shares of the solar cell manufacturer's stock valued at $459,917,000 after acquiring an additional 564,032 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in First Solar by 4,606.4% during the 1st quarter. Pacer Advisors Inc. now owns 405,221 shares of the solar cell manufacturer's stock worth $79,934,000 after acquiring an additional 396,611 shares during the period. Institutional investors and hedge funds own 92.08% of the company's stock.

Insiders Place Their Bets

In other First Solar news, CTO Markus Gloeckler sold 829 shares of the company's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $248.00, for a total value of $205,592.00. Following the transaction, the chief technology officer owned 6,642 shares of the company's stock, valued at approximately $1,647,216. This represents a 11.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Caroline Stockdale sold 10,628 shares of the 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 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 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 30,979 shares of company stock worth $7,694,724. Company insiders own 0.39% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on FSLR shares. UBS Group increased their price target on First Solar from $290.00 to $330.00 and gave the stock a "buy" rating in a research note on Thursday, June 11th. Weiss Ratings upgraded shares of First Solar from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, June 25th. Citigroup upped their price objective on shares of First Solar from $294.00 to $297.00 and gave the stock a "buy" rating in a report on Monday, August 3rd. Barclays increased their target price on shares of First Solar from $213.00 to $279.00 and gave the company an "overweight" rating in a research report on Tuesday, July 14th. Finally, Zacks Research raised shares of First Solar from a "strong sell" rating to a "hold" rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $261.79.

First Solar Stock Up 0.8%

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

First Solar (NASDAQ:FSLR - Get Free Report) last released 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 firm 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. First Solar's revenue was down 3.4% compared to the same quarter last year. Analysts anticipate that First Solar, Inc. will post 17.75 earnings per share for the current fiscal year.

Key Stories Impacting 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

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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