First Solar, Inc. $FSLR Shares Sold by Duff & Phelps Investment Management Co.

Key Points

• Duff & Phelps trimmed its position in First Solar by 21.3% in Q3, selling 5,795 shares and retaining 21,396 shares valued at about $4.72 million.
• Significant insider selling has occurred recently — including CEO Mark Widmar (7,738 shares at ~$195.93) — with insiders selling 47,761 shares (~$9.28M) in the past 90 days while corporate insiders hold just 0.48% of the stock.
• Analysts remain generally positive with a consensus "Moderate Buy" and an average target of $249.65, despite First Solar posting an EPS miss ($4.84 vs. $5.22) alongside a revenue beat and strong margins.

Duff & Phelps Investment Management Co. trimmed its position in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) by 21.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,396 shares of the solar cell manufacturer's stock after selling 5,795 shares during the quarter. Duff & Phelps Investment Management Co.'s holdings in First Solar were worth $4,718,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Strategic Wealth Investment Group LLC acquired a new position in shares of First Solar during the 2nd quarter worth approximately $26,000. Total Investment Management Inc. purchased a new stake in shares of First Solar in the second quarter valued at approximately $36,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of First Solar in the third quarter valued at approximately $44,000. CYBER HORNET ETFs LLC purchased a new position in First Solar during the second quarter worth approximately $47,000. Finally, NBT Bank N A NY lifted its position in First Solar by 550.0% during the third quarter. NBT Bank N A NY now owns 221 shares of the solar cell manufacturer's stock worth $49,000 after buying an additional 187 shares in the last quarter. Institutional investors and hedge funds own 92.08% of the company's stock.

Insider Activity at First Solar

In other news, insider Kuntal Kumar Verma sold 3,426 shares of First Solar stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $195.93, for a total transaction of $671,256.18. Following the sale, the insider owned 8,334 shares in the company, valued at approximately $1,632,880.62. The trade was a 29.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark R. Widmar sold 7,738 shares of the firm's stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $195.93, for a total transaction of $1,516,106.34. Following the transaction, the chief executive officer owned 91,787 shares in the company, valued at approximately $17,983,826.91. This trade represents a 7.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 47,761 shares of company stock valued at $9,276,424. Corporate insiders own 0.48% of the company's stock.

First Solar Stock Up 1.2%

Shares of First Solar stock opened at $200.25 on Thursday. First Solar, Inc. has a 52-week low of $116.56 and a 52-week high of $285.99. The company has a 50 day moving average of $230.08 and a 200 day moving average of $236.15. The company has a quick ratio of 2.35, a current ratio of 2.67 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $21.49 billion, a P/E ratio of 14.09, a P/E/G ratio of 0.32 and a beta of 1.65.

First Solar (NASDAQ:FSLR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 24th. The solar cell manufacturer reported $4.84 EPS for the quarter, missing analysts' consensus estimates of $5.22 by ($0.38). The firm had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.59 billion. First Solar had a net margin of 29.28% and a return on equity of 17.32%. The company's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the company posted $3.65 earnings per share. As a group, research analysts forecast that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

Key Headlines Impacting First Solar

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

• Positive Sentiment: Analyst support remains: Barclays reiterated an Overweight rating (while trimming its price target), signaling confidence in demand and the company’s growth trajectory — this helps underpin buying interest. Read More.
• Positive Sentiment: Broader analyst/backing and coverage (several buys and outperform ratings from firms such as Guggenheim and Goldman cited in recent notes) reinforce a longer‑term bullish view even as some targets were trimmed — supports conviction among growth/value investors. Read More.
• Neutral Sentiment: Market context: Zacks notes FSLR rose while the broader market dipped — a near‑term technical/flow event rather than fundamental news. Traders may have rotated into defensible renewable names on the pullback. Read More.
• Neutral Sentiment: Relative performance note: commentary that FSLR has lagged some energy peers in 2026 is more market narrative than company news, but can weigh on sentiment/flows if investors favor cyclical energy winners. Read More.
• Negative Sentiment: Significant insider selling on March 9–10: multiple senior executives — including CEO Mark Widmar (5,537 shares, ~\$1.05M) and other C‑suite members — sold stock. The breadth of sales can be perceived as reduced insider exposure or opportunistic monetization and is a short‑term negative for investor sentiment. Read More.
• Negative Sentiment: Pomerantz issued an investor alert investigating claims on behalf of First Solar investors — potential litigation/regulatory scrutiny increases uncertainty and is typically viewed as a near‑term headwind for the stock. Read More.

Analysts Set New Price Targets

FSLR has been the subject of several analyst reports. Mizuho dropped their target price on First Solar from $326.00 to $271.00 and set an "outperform" rating for the company in a report on Wednesday, February 25th. Rothschild & Co Redburn lifted their price target on shares of First Solar from $150.00 to $260.00 and gave the company a "neutral" rating in a research report on Thursday, November 13th. Morgan Stanley reduced their price objective on shares of First Solar from $275.00 to $230.00 and set an "overweight" rating on the stock in a report on Monday, March 2nd. The Goldman Sachs Group decreased their target price on shares of First Solar from $316.00 to $300.00 and set a "buy" rating on the stock in a research report on Wednesday, February 25th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of First Solar in a research report on Monday, December 29th. Twenty equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $249.65.

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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