First Solar, Inc. $FSLR Position Reduced by Danske Bank A S

Key Points

• Danske Bank A/S trimmed its First Solar stake by 14% in Q4, selling 23,935 shares and ending the quarter with 147,641 shares worth about $38.6 million, while institutional ownership sits around 92%.
• First Solar beat Q1 expectations with $3.22 GAAP EPS (vs. $2.87 consensus) and record revenue of ~$1.04B, and management reaffirmed FY2026 guidance ($4.9B–$5.2B sales; $2.6B–$2.8B adj. EBITDA) alongside strong bookings (1.9 GW).
• Risks remain despite the beat: insiders sold ~76,562 shares (~$15M) in the past 90 days, and analyst views are mixed — MarketBeat’s consensus is a Moderate Buy with a $245.10 target amid recent price‑target cuts.

Danske Bank A S trimmed its position in First Solar, Inc. (NASDAQ:FSLR - Free Report) by 14.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 147,641 shares of the solar cell manufacturer's stock after selling 23,935 shares during the quarter. Danske Bank A S owned approximately 0.14% of First Solar worth $38,568,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Woodline Partners LP raised its holdings in shares of First Solar by 40.7% during the first quarter. Woodline Partners LP now owns 9,044 shares of the solar cell manufacturer's stock valued at $1,143,000 after acquiring an additional 2,615 shares during the period. EverSource Wealth Advisors LLC boosted its stake in First Solar by 50.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 516 shares of the solar cell manufacturer's stock worth $85,000 after purchasing an additional 174 shares during the period. Brown Advisory Inc. grew its position in First Solar by 84.3% during the 2nd quarter. Brown Advisory Inc. now owns 4,529 shares of the solar cell manufacturer's stock worth $750,000 after purchasing an additional 2,072 shares in the last quarter. Cerity Partners LLC purchased a new position in First Solar during the 2nd quarter worth approximately $494,000. Finally, AXA S.A. raised its stake in First Solar by 6.3% during the 2nd quarter. AXA S.A. now owns 18,862 shares of the solar cell manufacturer's stock valued at $3,122,000 after purchasing an additional 1,115 shares during the period. 92.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FSLR shares. Wall Street Zen lowered First Solar from a "buy" rating to a "hold" rating in a report on Saturday, February 28th. The Goldman Sachs Group dropped their price target on First Solar from $316.00 to $300.00 and set a "buy" rating on the stock in a research report on Wednesday, February 25th. Glj Research downgraded First Solar from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $314.43 to $207.82 in a research note on Wednesday, March 4th. Needham & Company LLC raised their price objective on First Solar from $286.00 to $303.00 and gave the stock a "buy" rating in a research report on Monday, February 23rd. Finally, HSBC reaffirmed a "hold" rating and set a $211.00 target price (down from $280.00) on shares of First Solar in a research note on Wednesday, February 25th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, First Solar presently has an average rating of "Moderate Buy" and a consensus target price of $245.10.

Key First Solar News

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

• Positive Sentiment: Q1 earnings and margins beat expectations: First Solar reported $3.22 GAAP EPS vs. consensus ~$2.87 and record quarterly revenue (~$1.04B), with notable margin expansion that improves near‑term earnings visibility. Company Press Release
• Positive Sentiment: Guidance reaffirmed: Management reconfirmed FY2026 net sales ($4.9B–$5.2B) and adjusted EBITDA ($2.6B–$2.8B), removing some uncertainty around full‑year expectations and supporting valuation models. Quiver Quant Article
• Positive Sentiment: Strong bookings and demand mix: Management highlighted gross bookings (1.9 GW) and growth in key markets (India and U.S. utility scale), signaling continued sales momentum. Earnings Transcript (The Motley Fool)
• Positive Sentiment: Secular demand thesis reinforced by management: CEO Mark Widmar discussed rising power demand (including AI data centers) and U.S. manufacturing scale on TV, underscoring long‑term growth drivers. CEO Interview (YouTube)
• Neutral Sentiment: Guidance nuance — midpoint slightly below some sell‑side estimates: while guidance was reaffirmed, the midpoint was reported modestly under some analyst models, which could temper upside expectations. Yahoo Finance Recap
• Neutral Sentiment: Analyst and institutional positioning mixed: median price target sits well above current levels but firms have recently trimmed or raised targets unevenly; institutional flows show major rebalances. These mixed signals can limit conviction. Quiver Quant — analyst & institutional data
• Negative Sentiment: Heavy insider selling: recent disclosures show numerous insider sales (no purchases) over the past six months, which some investors view as a governance or timing concern. Quiver Quant — insider trading
• Negative Sentiment: Ongoing trade/tariff and policy risk: multiple reports note management is navigating tariff and regulatory uncertainty; this remains a tail risk that could widen volatility despite the beat. MSN — Tariffs Article

First Solar Trading Up 4.9%

First Solar stock opened at $211.71 on Friday. The company's fifty day simple moving average is $198.46 and its 200-day simple moving average is $231.76. The company has a quick ratio of 2.35, a current ratio of 2.67 and a debt-to-equity ratio of 0.03. First Solar, Inc. has a 12 month low of $122.47 and a 12 month high of $285.99. The stock has a market cap of $22.75 billion, a P/E ratio of 14.90, a P/E/G ratio of 0.46 and a beta of 1.57.

First Solar (NASDAQ:FSLR - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The solar cell manufacturer reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.35. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. First Solar had a return on equity of 18.44% and a net margin of 30.73%.First Solar's quarterly revenue was up 23.6% compared to the same quarter last year. During the same period last year, the company earned $1.95 earnings per share. As a group, sell-side analysts forecast that First Solar, Inc. will post 17.41 EPS for the current fiscal year.

Insider Buying and Selling

In other news, General Counsel Jason E. Dymbort sold 9,022 shares of the firm's stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $199.62, for a total transaction of $1,800,971.64. Following the completion of the sale, the general counsel directly owned 9,850 shares of the company's stock, valued at $1,966,257. This trade represents a 47.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Alexander R. Bradley sold 14,106 shares of the business's stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $199.97, for a total value of $2,820,776.82. Following the completion of the sale, the chief financial officer directly owned 30,000 shares of the company's stock, valued at approximately $5,999,100. The trade was a 31.98% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 76,562 shares of company stock worth $15,042,232. Insiders own 0.39% of the company's stock.

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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