Kayne Anderson Capital Advisors LP Invests $2.30 Million in First Solar, Inc. $FSLR

Key Points

• Kayne Anderson Capital Advisors initiated a $2.30 million position in First Solar during the second quarter, purchasing 9,730 shares. Institutional investors collectively own 92.08% of the company.
• First Solar reported quarterly EPS of $3.92, exceeding estimates of $2.90, while revenue reached $1.06 billion. Revenue declined 3.4% year over year, but analysts expect full-year EPS of approximately $17.72.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $264.44 versus the stock’s reported $214.06 price. Potential benefits from reduced competition and domestic-content policies are tempered by legal and policy risks, including a securities class-action lawsuit.

Kayne Anderson Capital Advisors LP bought a new stake in First Solar, Inc. (NASDAQ:FSLR - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 9,730 shares of the solar cell manufacturer's stock, valued at approximately $2,296,000.

Several other institutional investors also recently bought and sold shares of FSLR. Woodline Partners LP boosted its stake in shares of First Solar by 40.7% during the first quarter. Woodline Partners LP now owns 9,044 shares of the solar cell manufacturer's stock valued at $1,143,000 after purchasing an additional 2,615 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of First Solar by 50.9% in the second quarter. EverSource Wealth Advisors LLC now owns 516 shares of the solar cell manufacturer's stock worth $85,000 after purchasing an additional 174 shares during the last quarter. Brown Advisory Inc. increased its stake in shares of First Solar by 84.3% in the second quarter. Brown Advisory Inc. now owns 4,529 shares of the solar cell manufacturer's stock worth $750,000 after buying an additional 2,072 shares during the period. Cerity Partners LLC purchased a new position in shares of First Solar in the second quarter worth $494,000. Finally, AXA S.A. raised its holdings in First Solar by 6.3% during the 2nd quarter. AXA S.A. now owns 18,862 shares of the solar cell manufacturer's stock valued at $3,122,000 after buying an additional 1,115 shares during the last quarter. 92.08% of the stock is currently owned by hedge funds and other institutional investors.

First Solar Price Performance

FSLR stock opened at $214.06 on Friday. First Solar, Inc. has a 1 year low of $182.99 and a 1 year high of $320.95. The firm has a 50-day moving average of $229.93 and a 200 day moving average of $224.33. The company has a market cap of $23.00 billion, a P/E ratio of 13.20, a PEG ratio of 0.49 and a beta of 1.75.

First Solar (NASDAQ:FSLR - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The solar cell manufacturer reported $3.92 earnings per share for the quarter, beating the consensus estimate of $2.90 by $1.02. First Solar had a return on equity of 18.02% and a net margin of 32.47%.The business had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.06 billion. During the same period in the previous year, the firm posted $3.18 EPS. The business's revenue was down 3.4% on a year-over-year basis. On average, equities research analysts expect that First Solar, Inc. will post 17.72 earnings per share for the current fiscal year.

Key Stories Impacting First Solar

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

• Positive Sentiment: First Solar could benefit from a wave of solar-industry bankruptcies if weaker competitors exit the market, potentially reducing competition and supporting demand for its domestically produced thin-film modules. First Solar stands to gain as bankruptcy wave hits solar sector
• Positive Sentiment: Some market commentary argues that First Solar may be undervalued, while a 15% tariff on imported polysilicon could support domestic pricing and cash flow. These factors offer potential offsets to the company’s legal and policy risks. First Solar Stock Could Be 30% Undervalued As Tariff News Lifts Sentiment
• Neutral Sentiment: First Solar executive Samantha Sloan sold 127 shares for approximately $28,315 to cover tax withholding on vested equity awards. The small, tax-related transaction is unlikely to represent a meaningful change in management’s view of the business.
• Negative Sentiment: Several law firms are promoting a securities class action against First Solar and certain officers. The lawsuit alleges investors were misled about Series 6 module production underutilization, the costs and challenges of moving operations to South Carolina, and related tariff and production risks during the February 26, 2025–February 24, 2026 class period. The allegations have not been proven, but potential damages, legal costs and reputational harm are weighing on sentiment. Investors have until August 24, 2026, to seek lead-plaintiff status. Pomerantz Announces First Solar Class Action

Wall Street Analysts Forecast Growth

FSLR has been the subject of several analyst reports. Morgan Stanley increased their price target on shares of First Solar from $245.00 to $323.00 and gave the company an "overweight" rating in a research report on Tuesday. Robert W. Baird set a $318.00 price objective on shares of First Solar and gave the company an "outperform" rating in a research report on Tuesday, August 11th. Roth Capital reaffirmed a "buy" rating and set a $300.00 price objective on shares of First Solar in a research note on Friday, July 24th. Evercore reiterated a "positive" rating and set a $218.00 target price on shares of First Solar in a report on Monday. Finally, Wells Fargo & Company raised their target price on First Solar from $300.00 to $313.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, First Solar currently has an average rating of "Moderate Buy" and an average price target of $264.44.

Insider Buying and Selling

In related news, insider Michael Koralewski sold 7,000 shares of First Solar stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $221.51, for a total transaction of $1,550,570.00. Following the sale, the insider directly owned 7,642 shares in the company, valued at $1,692,779.42. The trade was a 47.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Samantha L. Sloan sold 127 shares of the company's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $222.95, for a total value of $28,314.65. Following the completion of the sale, the executive vice president directly owned 2,018 shares in the company, valued at approximately $449,913.10. The trade was a 5.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 25,709 shares of company stock worth $6,386,163 over the last quarter. Company insiders own 0.39% of the company's stock.

About First Solar

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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