Korea Investment CORP Takes $15.82 Million Position in First Solar, Inc. $FSLR

Korea Investment CORP purchased a new stake in First Solar, Inc. (NASDAQ:FSLR - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 67,052 shares of the solar cell manufacturer's stock, valued at approximately $15,822,000. Korea Investment CORP owned approximately 0.06% of First Solar as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Pictet Asset Management Holding SA increased its stake in shares of First Solar by 29.3% in the first quarter. Pictet Asset Management Holding SA now owns 1,138,473 shares of the solar cell manufacturer's stock valued at $224,540,000 after buying an additional 258,204 shares during the period. Atlatl Advisers LLC acquired a new stake in First Solar during the 4th quarter valued at approximately $1,697,000. Northwestern Mutual Wealth Management Co. raised its holdings in First Solar by 1,054.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 52,219 shares of the solar cell manufacturer's stock worth $13,641,000 after purchasing an additional 47,695 shares during the last quarter. Genus Capital Management Inc. acquired a new stake in shares of First Solar during the fourth quarter worth $4,525,000. Finally, Norges Bank bought a new position in First Solar during the fourth quarter worth $392,040,000. Institutional investors own 92.08% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Wells Fargo & Company increased their price target on First Solar from $300.00 to $313.00 and gave the stock an "overweight" rating in a report on Friday, August 7th. Citigroup raised their target price on First Solar from $294.00 to $297.00 and gave the stock a "buy" rating in a research note on Monday, August 3rd. Truist Financial reissued a "hold" rating and issued a $229.00 price target (down from $249.00) on shares of First Solar in a research note on Friday, July 31st. Freedom Capital upgraded First Solar from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 5th. Finally, UBS Group raised their price objective on shares of First Solar from $290.00 to $330.00 and gave the stock a "buy" rating in a research report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $264.44.

Insider Buying and Selling

In other news, insider Michael Koralewski sold 7,000 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $221.51, for a total value of $1,550,570.00. Following the completion of the sale, the insider owned 7,642 shares in the company, valued at $1,692,779.42. This represents a 47.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Caroline Stockdale sold 10,628 shares of the company's stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $275.60, for a total transaction of $2,929,076.80. Following the completion of the sale, the insider directly owned 23,792 shares of the company's stock, valued at $6,557,075.20. The trade was a 30.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 25,709 shares of company stock valued at $6,386,163. 0.39% of the stock is currently owned by company insiders.

First Solar Stock Performance

Shares of FSLR stock opened at $214.28 on Monday. First Solar, Inc. has a 12 month low of $182.99 and a 12 month high of $320.95. The firm has a market capitalization of $23.02 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 0.47 and a beta of 1.76. The firm has a fifty day simple moving average of $228.86 and a two-hundred day simple moving average of $224.21.

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, topping the consensus estimate of $2.90 by $1.02. First Solar had a net margin of 32.47% and a return on equity of 18.02%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the firm posted $3.18 earnings per share. The firm's revenue for the quarter was down 3.4% on a year-over-year basis. On average, equities analysts predict that First Solar, Inc. will post 17.72 earnings per share for the current fiscal year.

Trending Headlines about First Solar

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

• Positive Sentiment: First Solar could benefit competitively as a wave of bankruptcies pressures weaker solar-sector companies, potentially improving its relative market position and customer opportunities. First Solar stands to gain as bankruptcy wave hits solar sector
• Neutral Sentiment: The securities class action covers investors who purchased First Solar shares between February 26, 2025, and February 24, 2026. Investors have been urged to seek lead-plaintiff status by August 24. The deadline notices from Kaplan Fox, Pomerantz, Faruqi & Faruqi, Rosen, SBS, DJS and other firms largely repeat the same information and do not represent a new operating announcement by First Solar. Kaplan Fox class action deadline notice
• Negative Sentiment: The lawsuit alleges that First Solar and certain officers violated federal securities laws by making misleading statements or omissions. Reported areas of investor concern include underutilization in Series 6 module production and costly challenges associated with expanding domestic manufacturing operations in South Carolina. If the case advances, it could create legal costs, potential damages and reputational risk for First Solar. SueWallSt First Solar class action allegations

First Solar Company 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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