First Solar, Inc. $FSLR Shares Acquired by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. grew its position in First Solar, Inc. (NASDAQ:FSLR - Free Report) by 440.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,764 shares of the solar cell manufacturer's stock after acquiring an additional 8,773 shares during the quarter. Cookson Peirce & Co. Inc.'s holdings in First Solar were worth $2,540,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Commonwealth Retirement Investments LLC acquired a new stake in First Solar during the 4th quarter worth $26,000. Reflection Asset Management acquired a new stake in shares of First Solar in the fourth quarter valued at about $26,000. Strategic Wealth Investment Group LLC purchased a new position in shares of First Solar in the second quarter worth about $26,000. Larson Financial Group LLC lifted its stake in shares of First Solar by 117.0% in the fourth quarter. Larson Financial Group LLC now owns 102 shares of the solar cell manufacturer's stock worth $27,000 after buying an additional 55 shares in the last quarter. Finally, Elyxium Wealth LLC acquired a new position in First Solar during the fourth quarter worth about $30,000. 92.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. UBS Group upped their price objective on shares of First Solar from $290.00 to $330.00 and gave the company a "buy" rating in a research note on Thursday, June 11th. Oppenheimer restated a "market perform" rating on shares of First Solar in a report on Friday, July 31st. Truist Financial restated a "hold" rating and issued a $229.00 price target (down from $249.00) on shares of First Solar in a research report on Friday, July 31st. Wells Fargo & Company lifted their price objective on First Solar from $300.00 to $313.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Finally, Evercore reissued a "positive" rating and set a $218.00 price objective on shares of First Solar in a research note on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $266.27.

First Solar Stock Performance

Shares of First Solar stock opened at $204.46 on Friday. The firm has a market capitalization of $21.97 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 0.45 and a beta of 1.75. First Solar, Inc. has a fifty-two week low of $182.99 and a fifty-two week high of $320.95. The stock has a 50 day moving average of $223.42 and a 200 day moving average of $223.38.

First Solar (NASDAQ:FSLR - Get Free Report) last posted 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 company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the business earned $3.18 earnings per share. The company's revenue for the quarter was down 3.4% on a year-over-year basis. Analysts forecast that First Solar, Inc. will post 17.77 EPS for the current year.

Insiders Place Their Bets

In related news, CTO Markus Gloeckler sold 829 shares of the business's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $248.00, for a total value of $205,592.00. Following the sale, the chief technology officer directly owned 6,642 shares in the company, valued at approximately $1,647,216. The trade was a 11.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Jason E. Dymbort sold 3,700 shares of the company'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 transaction, the general counsel directly owned 5,624 shares in the company, valued at $1,402,513.12. The trade was a 39.68% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 15,081 shares of company stock valued at $3,457,086 over the last 90 days. Company insiders own 0.39% of the company's stock.

Key Stories Impacting First Solar

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

• Positive Sentiment: BMO upgraded First Solar to Outperform and raised its price target to $263 from $237, implying substantial upside from the reference price. BMO reportedly believes the market reaction to the latest Section 232 tariff developments was overdone. BMO upgrades First Solar as tariff selloff looks overdone
• Positive Sentiment: Argus reiterated a Buy rating on First Solar, reinforcing the view that the company’s valuation and long-term growth prospects remain attractive despite recent volatility. Argus reiterates Buy rating for First Solar
• Positive Sentiment: A climate-finance expert said Wall Street may have misinterpreted the market’s response to the latest solar-tariff announcement, potentially easing concerns that trade policy will materially damage First Solar’s outlook. Wall Street misread the solar tariffs
• Positive Sentiment: An emergency order restricting certain foreign bulk-power-system equipment and software could benefit U.S. solar and energy-equipment manufacturers by supporting domestic suppliers, although the direct impact on First Solar is uncertain. Why solar stocks were rising overnight
• Neutral Sentiment: First Solar’s latest quarterly results exceeded earnings expectations, but revenue declined year over year, leaving investors focused on policy developments and future demand rather than the reported quarter.
• Negative Sentiment: Jim Cramer advised investors to stay away from First Solar, while Evercore ISI maintained an In-Line rating and trimmed its price target to $218, highlighting continued analyst disagreement and near-term uncertainty. Jim Cramer comments on First Solar

First Solar 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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