First Solar, Inc. $FSLR Shares Acquired by Brooklands Fund Management Ltd

Key Points

• Brooklands Fund Management increased its First Solar stake by 89.1% in the third quarter, purchasing 19,900 additional shares. Institutional investors and hedge funds collectively own 92.08% of FSLR.
• First Solar’s quarterly EPS of $5.30 exceeded expectations, but revenue of $1.23 billion missed estimates and fell 22.8% year over year. The stock recently traded at $176.89, well below its 12-month high of $320.95.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $266.30 price target, although insider selling and continued interest-rate and solar-demand pressures remain risks.

Brooklands Fund Management Ltd increased its holdings in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) by 89.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,228 shares of the solar cell manufacturer's stock after purchasing an additional 19,900 shares during the quarter. First Solar makes up approximately 1.1% of Brooklands Fund Management Ltd's portfolio, making the stock its 23rd biggest position. Brooklands Fund Management Ltd's holdings in First Solar were worth $7,397,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. North Dakota State Investment Board increased its position in shares of First Solar by 3.2% during the third quarter. North Dakota State Investment Board now owns 3,115 shares of the solar cell manufacturer's stock worth $546,000 after purchasing an additional 96 shares in the last quarter. Generali Asset Management SPA SGR lifted its holdings in shares of First Solar by 3,903.0% in the 3rd quarter. Generali Asset Management SPA SGR now owns 3,963 shares of the solar cell manufacturer's stock valued at $694,000 after purchasing an additional 3,864 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in shares of First Solar by 1.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 54,216 shares of the solar cell manufacturer's stock valued at $9,496,000 after purchasing an additional 691 shares during the period. Angeles Wealth Management LLC boosted its position in shares of First Solar by 43.7% in the 3rd quarter. Angeles Wealth Management LLC now owns 3,043 shares of the solar cell manufacturer's stock valued at $533,000 after purchasing an additional 926 shares during the period. Finally, Verdence Capital Advisors LLC boosted its position in shares of First Solar by 11.3% in the 3rd quarter. Verdence Capital Advisors LLC now owns 3,828 shares of the solar cell manufacturer's stock valued at $671,000 after purchasing an additional 389 shares during the period. 92.08% of the stock is owned by institutional investors and hedge funds.

First Solar Trading Up 0.3%

NASDAQ:FSLR opened at $176.89 on Friday. First Solar, Inc. has a 12-month low of $165.86 and a 12-month high of $320.95. The stock's 50 day simple moving average is $189.51 and its 200-day simple moving average is $216.51. The firm has a market cap of $19.01 billion, a P/E ratio of 10.91, a PEG ratio of 0.48 and a beta of 1.80.

First Solar (NASDAQ:FSLR - Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The solar cell manufacturer reported $5.30 earnings per share for the quarter, topping the consensus estimate of $4.67 by $0.63. First Solar had a return on equity of 18.02% and a net margin of 32.47%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the company earned $4.24 earnings per share. The company's revenue for the quarter was down 22.8% on a year-over-year basis. Research analysts forecast that First Solar, Inc. will post 17.63 EPS for the current fiscal year.

Insider Activity

In related news, insider Michael Koralewski sold 7,000 shares of the stock in a transaction dated 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 completion of the transaction, the insider directly owned 7,642 shares of the company's stock, valued at $1,692,779.42. This represents a 47.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Jason Dymbort sold 3,700 shares of the firm's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $249.38, for a total transaction of $922,706.00. Following the completion of the sale, the general counsel 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 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. In the last three months, insiders have sold 16,681 shares of company stock valued at $3,756,286. 0.39% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on FSLR. Morgan Stanley raised their price target on First Solar from $323.00 to $326.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 14th. Barclays reduced their price objective on First Solar from $279.00 to $259.00 and set an "overweight" rating for the company in a research note on Thursday, October 15th. TD Cowen raised First Solar to a "strong-buy" rating in a report on Monday, October 5th. JPMorgan Chase & Co. lowered their target price on shares of First Solar from $256.00 to $252.00 and set an "overweight" rating on the stock in a research report on Monday, October 19th. Finally, Truist Financial raised shares of First Solar from a "hold" rating to a "buy" rating and lifted their target price for the company from $229.00 to $270.00 in a report on Monday, October 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $266.30.

First Solar News Roundup

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

• Positive Sentiment: First Solar reported third-quarter earnings of $5.30 per share, above the consensus estimate of roughly $4.64–$4.67 and up from $4.24 a year earlier. The company also posted a robust 32.47% net margin. First Solar Tops Q3 Earnings Estimates
• Positive Sentiment: Management launched a share-repurchase plan alongside the quarterly report, which could support earnings per share and signal confidence in the company’s valuation and cash-generation outlook. First Solar Posts Strong Q3 Results and Launches Buyback Plan
• Positive Sentiment: First Solar inaugurated the first phase of its South Carolina facility. The approximately $330 million plant is expected to double annual nameplate capacity to 3.4 gigawatts when its second phase is completed in mid-2027, strengthening domestic manufacturing capacity. First Solar Inaugurates South Carolina Production Facility
• Positive Sentiment: Guggenheim raised its price target to $299 from $282 ahead of the report, citing attractive valuation and expected earnings growth. Guggenheim Raises First Solar Price Target
• Neutral Sentiment: The earnings-call transcript is likely to provide further detail on backlog, demand, policy support, capacity expansion and full-year guidance—key factors that could determine whether the earnings beat is sustainable. First Solar Q3 2026 Earnings Call Transcript
• Negative Sentiment: Revenue of $1.23 billion missed the $1.29 billion consensus estimate and declined 22.8% year over year, tempering the impact of the EPS beat.
• Negative Sentiment: Investors continue to monitor elevated interest rates, which can raise financing costs for utility-scale solar projects and pressure renewable-energy valuations. First Solar Faces Interest Rate Pressure
• Negative Sentiment: Weak guidance from Enphase highlighted continuing weakness in U.S. residential solar demand, weighing on sentiment across solar stocks even though First Solar primarily serves the utility-scale market. Solar Sector Falls After Enphase Guidance

First Solar Profile

First Solar, Inc is a vertically integrated solar technology and manufacturing company that designs, manufactures and sells photovoltaic (PV) solar modules. Its modules use advanced thin-film semiconductor technology based on cadmium telluride (CdTe), rather than the crystalline-silicon technology used by most solar manufacturers. The company serves utility-scale solar developers, commercial and industrial customers, and other large-scale energy users.

Founded in 1999 and headquartered in Tempe, Arizona, First Solar operates research and development, manufacturing and recycling facilities in the United States and internationally.

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