Mitsubishi UFJ Asset Management Co. Ltd. Acquires Shares of 261,578 First Solar, Inc. $FSLR

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in First Solar, Inc. (NASDAQ:FSLR - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 261,578 shares of the solar cell manufacturer's stock, valued at approximately $61,722,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.24% of First Solar at the end of the most recent reporting period.

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

First Solar Stock Up 1.1%

FSLR stock opened at $222.40 on Thursday. The stock has a market capitalization of $23.90 billion, a P/E ratio of 13.71, a P/E/G ratio of 0.48 and a beta of 1.75. The firm has a 50-day simple moving average of $231.07 and a 200-day simple moving average of $224.41. First Solar, Inc. has a 52 week low of $182.99 and a 52 week high of $320.95.

First Solar (NASDAQ:FSLR - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The solar cell manufacturer reported $3.92 earnings per share 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 firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the firm earned $3.18 EPS. The company's revenue for the quarter was down 3.4% on a year-over-year basis. On average, analysts expect that First Solar, Inc. will post 17.71 earnings per share for the current year.

First Solar News Summary

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

• Positive Sentiment: A valuation analysis estimated that FSLR may be about 30% undervalued based on a discounted-cash-flow assessment. The article also said the recently reported 15% tariff on polysilicon imports could support domestic pricing and First Solar’s cash flow, potentially benefiting its U.S.-focused manufacturing strategy. First Solar Stock Could Be 30% Undervalued
• Positive Sentiment: Recent coverage continues to highlight First Solar’s strong operating performance. The company’s latest quarterly EPS of $3.92 exceeded the $2.90 consensus estimate, and its substantial contracted backlog provides visibility into future demand. Analysts tracked by MarketBeat maintain a “Moderate Buy” consensus rating with an average price target of $264.44, above the referenced trading level.
• Neutral Sentiment: Solar-industry outlooks remain mixed: demand is strong, but shifting U.S. policy, tariffs and import rules could affect module pricing, customer decisions and First Solar’s earnings outlook. These policy changes may help domestic production while also increasing uncertainty. Solar Stocks to Watch as Policy Shifts Reshape the Industry
• Negative Sentiment: Several law firms are publicizing a securities class-action lawsuit against First Solar and certain officers. The complaint alleges misleading statements concerning tariffs and production utilization during the February 26, 2025–February 24, 2026 class period. The August 24 lead-plaintiff deadline is generating repeated headlines and adds legal, reputational and potential financial risk. The allegations have not been proven. Pomerantz Announces First Solar Class Action
• Neutral Sentiment: An executive sold 127 shares to cover tax withholding related to vested equity awards. Because the transaction was small and tax-related, it is unlikely to materially affect the investment thesis.

Insider Activity at First Solar

In other news, General Counsel Jason E. Dymbort sold 3,700 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $249.38, for a total value 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 represents a 39.68% decrease in their ownership of the stock. The sale 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, EVP Samantha L. Sloan sold 127 shares of the firm's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $222.95, for a total transaction of $28,314.65. Following the completion of the transaction, the executive vice president directly owned 2,018 shares in the company, valued at approximately $449,913.10. This represents a 5.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 90 days. Corporate insiders own 0.39% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on FSLR shares. Evercore restated a "positive" rating and issued a $218.00 target price on shares of First Solar in a research note on Monday. HSBC upgraded First Solar from a "hold" rating to a "buy" rating in a research report on Friday, August 7th. Susquehanna boosted their price target on First Solar from $250.00 to $270.00 and gave the company a "positive" rating in a report on Friday, July 10th. Morgan Stanley upped their price objective on First Solar from $245.00 to $323.00 and gave the stock an "overweight" rating in a research report on Tuesday. Finally, Zacks Research raised shares of First Solar from a "strong sell" rating to a "hold" rating in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $264.44.

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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