Nykredit A S Takes $13.55 Million Position in First Solar, Inc. $FSLR

Key Points

• Nykredit A/S purchased 57,427 First Solar shares worth approximately $13.55 million in the second quarter, giving it a 0.05% stake. Institutional investors collectively own 92.08% of the company.
• Wall Street maintains a generally favorable view, with a “Moderate Buy” consensus and an average price target of $266.06, despite First Solar shares trading near $195.96 and well below their 52-week high.
• First Solar exceeded quarterly earnings expectations, reporting $3.92 in EPS versus the $2.90 consensus, although revenue fell 3.4% year over year. Meanwhile, insiders sold $3.62 million of stock over the past 90 days under pre-arranged trading plans.

Nykredit A S purchased a new position in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 57,427 shares of the solar cell manufacturer's stock, valued at approximately $13,550,000. Nykredit A S owned approximately 0.05% of First Solar at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Wedmont Private Capital bought a new position in First Solar during the 2nd quarter valued at $269,000. Figure 8 Investment Strategies LLC increased its position in shares of First Solar by 2.6% in the 2nd quarter. Figure 8 Investment Strategies LLC now owns 8,088 shares of the solar cell manufacturer's stock worth $1,908,000 after purchasing an additional 203 shares during the last quarter. HB Wealth Management LLC raised its stake in shares of First Solar by 1.5% in the 2nd quarter. HB Wealth Management LLC now owns 4,054 shares of the solar cell manufacturer's stock valued at $957,000 after purchasing an additional 60 shares in the last quarter. Saudi Central Bank raised its stake in shares of First Solar by 89.9% in the 2nd quarter. Saudi Central Bank now owns 7,145 shares of the solar cell manufacturer's stock valued at $1,686,000 after purchasing an additional 3,382 shares in the last quarter. Finally, Angeles Wealth Management LLC acquired a new stake in shares of First Solar in the 2nd quarter valued at about $500,000. Institutional investors own 92.08% of the company's stock.

More First Solar News

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

• Positive Sentiment: Analysts remain cautiously bullish, with one assessment indicating that First Solar may be trading about 26% below estimated fair value. The company’s valuation and long-term U.S. solar manufacturing outlook could provide support if investor sentiment improves. First Solar Slides on Mixed Expectations
• Positive Sentiment: Unusually high call-option activity was reported Thursday, with investors purchasing 40,306 calls—about 61% above average—signaling speculative bullish interest in FSLR despite recent volatility.
• Neutral Sentiment: First Solar has lagged the Nasdaq over the past year, but analysts continue to see potential for recovery. The performance gap highlights both the stock’s weaker recent momentum and the possibility of an eventual catch-up trade. Is First Solar Stock Underperforming the Nasdaq?
• Neutral Sentiment: First Solar plans to withdraw its U.S. International Trade Commission complaint involving TOPCon intellectual property while continuing related lawsuits in U.S. District Court. The decision follows new polysilicon tariffs and removes one regulatory proceeding, but the ongoing litigation preserves legal uncertainty. First Solar to Withdraw USITC Patent Case
• Negative Sentiment: Solar stocks are giving back Thursday’s broad rebound. First Solar, Enphase Energy, Sunrun and the Invesco Solar ETF are declining as investors reassess how the interest-rate path will affect financing costs, renewable-energy demand and sector valuations. The prior rally had no earnings, analyst-upgrade or policy catalyst, making it vulnerable to reversal. Solar Selling Resumes

Insider Buying and Selling

In other First Solar news, CTO Markus Gloeckler sold 3,425 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $218.95, for a total value of $749,903.75. Following the sale, the chief technology officer directly owned 7,471 shares of the company's stock, valued at $1,635,775.45. This trade represents a 31.43% 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, General Counsel Jason Dymbort sold 3,700 shares of the firm's stock in a transaction on 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 owned 5,624 shares in the company, valued at $1,402,513.12. The trade was a 39.68% 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 have sold 15,881 shares of company stock valued at $3,617,086 in the last 90 days. Corporate insiders own 0.39% of the company's stock.

Wall Street Analyst Weigh In

FSLR has been the subject of a number of research reports. Wells Fargo & Company lifted their price target on First Solar from $300.00 to $313.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Evercore restated a "positive" rating and set a $218.00 price objective on shares of First Solar in a research note on Monday, August 17th. Truist Financial reaffirmed a "hold" rating and set a $229.00 target price (down from $249.00) on shares of First Solar in a report on Friday, July 31st. HC Wainwright assumed coverage on First Solar in a research report on Thursday, August 27th. They issued a "buy" rating for the company. Finally, UBS Group boosted their price target on First Solar from $290.00 to $330.00 and gave the company a "buy" rating in a report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, First Solar has an average rating of "Moderate Buy" and an average price target of $266.06.

First Solar Stock Down 2.6%

FSLR opened at $195.96 on Friday. The company's 50-day moving average price is $213.63 and its 200 day moving average price is $221.08. First Solar, Inc. has a fifty-two week low of $182.99 and a fifty-two week high of $320.95. The firm has a market cap of $21.06 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 0.52 and a beta of 1.74.

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, beating the consensus estimate of $2.90 by $1.02. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.06 billion. First Solar had a return on equity of 18.02% and a net margin of 32.47%.The business's revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.18 earnings per share. Research analysts anticipate that First Solar, Inc. will post 17.78 earnings per share for the current year.

First Solar Profile

First Solar, Inc is a renewable energy technology company that designs and manufactures photovoltaic (PV) solar modules. Unlike conventional crystalline-silicon panels, its modules use thin-film semiconductor technology based on cadmium telluride (CdTe). The company also provides supporting services, including project development, engineering, procurement and construction support, operations and maintenance, and module recycling.

First Solar primarily serves utility-scale solar developers, system owners and operators, commercial customers, and government entities.

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