First Solar, Inc. $FSLR Stock: SteelPeak Wealth LLC Decreases Stake

Key Points

• SteelPeak Wealth LLC cut its First Solar stake by 65.9% in the third quarter, selling 15,483 shares and retaining 8,000 shares worth approximately $1.4 million. Institutional investors collectively own 92.08% of FSLR.
• Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $265.87, despite some recent target reductions and broader clean-energy sector weakness.
• First Solar shares opened at $172.64, near their 12-month low, while the company’s latest quarterly earnings beat expectations. Investors are awaiting third-quarter 2026 results on October 29, which should provide updates on demand, margins, production and guidance.

SteelPeak Wealth LLC decreased its stake in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) by 65.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 8,000 shares of the solar cell manufacturer's stock after selling 15,483 shares during the period. SteelPeak Wealth LLC's holdings in First Solar were worth $1,401,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in FSLR. Fiduciary Financial Group LLC increased its stake in shares of First Solar by 2.3% during the second quarter. Fiduciary Financial Group LLC now owns 2,026 shares of the solar cell manufacturer's stock valued at $478,000 after buying an additional 45 shares during the period. Burford Brothers Inc. lifted its stake in shares of First Solar by 0.3% during the 1st quarter. Burford Brothers Inc. now owns 19,131 shares of the solar cell manufacturer's stock worth $3,774,000 after purchasing an additional 51 shares during the last quarter. Hilltop Holdings Inc. lifted its stake in shares of First Solar by 3.5% during the 1st quarter. Hilltop Holdings Inc. now owns 1,608 shares of the solar cell manufacturer's stock worth $317,000 after purchasing an additional 54 shares during the last quarter. TD Waterhouse Canada Inc. boosted its position in First Solar by 0.3% during the second quarter. TD Waterhouse Canada Inc. now owns 17,102 shares of the solar cell manufacturer's stock valued at $3,973,000 after purchasing an additional 55 shares in the last quarter. Finally, Cox Capital Mgt LLC boosted its position in First Solar by 0.4% during the third quarter. Cox Capital Mgt LLC now owns 13,989 shares of the solar cell manufacturer's stock valued at $2,450,000 after purchasing an additional 58 shares in the last quarter. 92.08% of the stock is owned by institutional investors.

More First Solar News

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

• Positive Sentiment: Investor attention remains focused on First Solar’s strong annual revenue growth, positive free cash flow, improving returns on capital and expanding market share. These factors support the long-term investment case despite near-term market volatility. How Investors Are Reacting To First Solar Strong Fundamentals And Market Share Gains
• Positive Sentiment: High trading volume in First Solar call options suggests some traders are positioning for a potential rebound or increased volatility ahead of the company’s earnings report, although options activity is not a guarantee of future gains. Traders Purchase High Volume of First Solar Call Options
• Neutral Sentiment: First Solar will release third-quarter 2026 results after the market closes on October 29 and host an investor webcast. The report could provide important updates on demand, margins, production and guidance. First Solar to Announce Third Quarter 2026 Financial Results
• Negative Sentiment: Higher interest rates are pressuring clean-tech valuations and encouraging investors to rotate away from growth-oriented renewable-energy stocks. This macro backdrop has weighed on the Guinness Sustainable Energy Fund and the broader solar group. Guinness Sustainable Energy Fund Discusses First Solar Amid Solar Industry Weakness
• Negative Sentiment: First Solar declined more sharply than the broader market in the latest session, reflecting continued sector weakness and risk aversion rather than a newly reported company-specific deterioration. First Solar Falls More Steeply Than Broader Market

Analyst Ratings Changes

Several analysts have recently commented on FSLR shares. Roth Capital reiterated a "buy" rating and set a $300.00 price objective on shares of First Solar in a report on Friday, July 24th. TD Cowen raised First Solar to a "strong-buy" rating in a research report on Monday, October 5th. Sanford C. Bernstein decreased their price target on First Solar from $217.00 to $197.00 and set an "underperform" rating for the company in a research note on Friday, July 31st. Robert W. Baird decreased their price target on First Solar from $318.00 to $290.00 and set an "outperform" rating for the company in a research note on Tuesday, September 22nd. Finally, Guggenheim reissued a "buy" rating on shares of First Solar in a report on Monday, September 28th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $265.87.

First Solar Stock Performance

NASDAQ:FSLR opened at $172.64 on Monday. The company has a market capitalization of $18.55 billion, a P/E ratio of 10.64, a PEG ratio of 0.47 and a beta of 1.80. First Solar, Inc. has a 12 month low of $168.60 and a 12 month high of $320.95. The firm has a fifty day simple moving average of $198.70 and a 200-day simple moving average of $219.21.

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, beating the consensus estimate of $2.90 by $1.02. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.06 billion. First Solar had a return on equity of 18.02% and a net margin of 32.47%. The firm's revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.18 EPS. Equities analysts forecast that First Solar, Inc. will post 17.63 EPS for the current year.

Insider Transactions at First Solar

In other news, EVP Samantha Sloan sold 127 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $222.95, for a total value of $28,314.65. Following the transaction, the executive vice president directly owned 2,018 shares of the company's stock, valued at approximately $449,913.10. This represents a 5.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Markus Gloeckler sold 3,425 shares of the firm's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $218.95, for a total value of $749,903.75. Following the completion of the transaction, the chief technology officer owned 7,471 shares of the company's stock, valued at approximately $1,635,775.45. The trade was a 31.43% decrease in their ownership of the stock. 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 16,681 shares of company stock valued at $3,756,286 over the last three months. Company insiders own 0.39% of the company's stock.

About First Solar

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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