Horizon Investment Services LLC Makes New $1.28 Million Investment in First Solar, Inc. $FSLR

Key Points

• Horizon Investment Services purchased 5,407 First Solar shares worth approximately $1.28 million in the second quarter. Institutional investors and hedge funds collectively own 92.08% of FSLR.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $261.79; recent targets range as high as $318.
• First Solar beat quarterly EPS expectations, reporting $3.92 versus the $2.90 consensus, although revenue declined 3.4% year over year. Insiders have sold nearly $7.7 million of stock over the past three months, primarily through pre-arranged trading plans.

Horizon Investment Services LLC purchased a new stake in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,407 shares of the solar cell manufacturer's stock, valued at approximately $1,276,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Root Financial Partners LLC boosted its stake in First Solar by 18.2% during the 4th quarter. Root Financial Partners LLC now owns 292 shares of the solar cell manufacturer's stock valued at $76,000 after purchasing an additional 45 shares during the period. Fiduciary Financial Group LLC increased its position in First Solar by 2.3% in the 2nd quarter. Fiduciary Financial Group LLC now owns 2,026 shares of the solar cell manufacturer's stock worth $478,000 after buying an additional 45 shares during the period. FIL Ltd increased its position in First Solar by 6.9% in the 4th quarter. FIL Ltd now owns 708 shares of the solar cell manufacturer's stock worth $185,000 after buying an additional 46 shares during the period. Fielder Capital Group LLC increased its position in First Solar by 4.1% in the 4th quarter. Fielder Capital Group LLC now owns 1,196 shares of the solar cell manufacturer's stock worth $312,000 after buying an additional 47 shares during the period. Finally, Burford Brothers Inc. lifted its holdings in shares of First Solar by 0.3% during the fourth quarter. Burford Brothers Inc. now owns 19,080 shares of the solar cell manufacturer's stock worth $4,984,000 after buying an additional 48 shares during the last quarter. 92.08% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FSLR has been the subject of several research reports. Roth Capital reissued a "buy" rating and issued a $300.00 price objective on shares of First Solar in a research report on Friday, July 24th. Wells Fargo & Company boosted their target price on shares of First Solar from $300.00 to $313.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Zacks Research upgraded shares of First Solar from a "strong sell" rating to a "hold" rating in a research note on Monday, April 27th. TD Cowen reissued a "buy" rating on shares of First Solar in a report on Monday, July 20th. Finally, Citigroup increased their price target on shares of First Solar from $294.00 to $297.00 and gave the company a "buy" rating in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, First Solar has an average rating of "Moderate Buy" and a consensus price target of $261.79.

More First Solar News

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

• Positive Sentiment: Robert W. Baird upgraded First Solar to Outperform and established a $318 price target. The firm said a Section 232 tariff decision removes a key overhang and could allow customers to resume bookings, improving the company’s outlook. First Solar Upgraded at Robert W. Baird
• Positive Sentiment: Solar power generated more electricity than wind globally for the first time last year and nearly matched nuclear generation. The milestone supports the broader growth case for solar manufacturers such as First Solar, although it does not represent a company-specific earnings update. Solar Power Hits Big Milestone, Trumping Wind For First Time
• Neutral Sentiment: First Solar’s general counsel sold 3,700 shares worth approximately $922,706 under a pre-arranged Rule 10b5-1 trading plan. The transaction reduced his holdings by about 40%, but the planned nature of the sale limits its value as a signal about management’s current expectations. Jason Dymbort Sells First Solar Shares
• Negative Sentiment: Multiple law firms are publicizing a securities class action against First Solar and certain officers. The alleged class period is February 26, 2025, through February 24, 2026, and investors have until August 24, 2026, to seek lead-plaintiff status. The notices allege securities-law violations and investor losses related to disclosures concerning tariffs and company guidance; the allegations have not been proven. Pomerantz First Solar Class Action Filing

Insider Activity

In other First Solar news, insider Caroline Stockdale sold 10,628 shares of First Solar stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $275.60, for a total transaction of $2,929,076.80. Following the sale, the insider owned 23,792 shares in the company, valued at $6,557,075.20. The trade was a 30.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 business's stock in a transaction on 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 directly owned 5,624 shares in the company, valued at $1,402,513.12. This trade represents 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. Over the last three months, insiders have sold 30,979 shares of company stock valued at $7,694,724. 0.39% of the stock is owned by insiders.

First Solar Stock Performance

Shares of FSLR stock opened at $225.56 on Monday. First Solar, Inc. has a 12 month low of $179.06 and a 12 month high of $320.95. The company has a market capitalization of $24.24 billion, a P/E ratio of 13.91, a P/E/G ratio of 0.49 and a beta of 1.76. The stock has a 50 day moving average of $233.60 and a two-hundred day moving average of $224.75.

First Solar (NASDAQ:FSLR - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The solar cell manufacturer reported $3.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.90 by $1.02. The business had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.06 billion. First Solar had a return on equity of 18.02% and a net margin of 32.47%.First Solar's quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the business posted $3.18 earnings per share. Sell-side analysts predict that First Solar, Inc. will post 17.75 earnings per share for the current fiscal year.

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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