PFA Pension Forsikringsaktieselskab Makes New Investment in First Solar, Inc. $FSLR

Key Points

• PFA Pension opened a new position of 49,665 shares (about $13.13M) in Q4, and institutional investors now own roughly 92.08% of First Solar, with large firms like Vanguard, Viking and Amundi also increasing stakes.
• Operational beat and reaffirmed guidance: First Solar reported $3.22 EPS vs. $2.87 expected and ~$1.04B revenue, posted margin expansion and 1.9 GW of gross bookings, and reaffirmed FY2026 sales and adjusted EBITDA guidance.
• Sentiment is mixed—analysts have trimmed targets though the consensus is a "Moderate Buy" (average target ~$245.47), while notable insider selling and ongoing tariff/policy risks could limit upside.

PFA Pension Forsikringsaktieselskab bought a new position in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 49,665 shares of the solar cell manufacturer's stock, valued at approximately $13,127,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of First Solar by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 13,721,979 shares of the solar cell manufacturer's stock worth $3,026,108,000 after purchasing an additional 464,130 shares in the last quarter. Viking Global Investors LP grew its position in shares of First Solar by 60.6% during the 2nd quarter. Viking Global Investors LP now owns 2,266,050 shares of the solar cell manufacturer's stock worth $375,122,000 after purchasing an additional 854,919 shares in the last quarter. Amundi grew its position in shares of First Solar by 38.6% during the 3rd quarter. Amundi now owns 2,025,835 shares of the solar cell manufacturer's stock worth $459,917,000 after purchasing an additional 564,032 shares in the last quarter. Northern Trust Corp grew its position in shares of First Solar by 2.6% during the 3rd quarter. Northern Trust Corp now owns 1,349,531 shares of the solar cell manufacturer's stock worth $297,612,000 after purchasing an additional 34,313 shares in the last quarter. Finally, Clean Energy Transition LLP grew its position in shares of First Solar by 48.2% during the 3rd quarter. Clean Energy Transition LLP now owns 1,117,228 shares of the solar cell manufacturer's stock worth $246,382,000 after purchasing an additional 363,274 shares in the last quarter. Institutional investors and hedge funds own 92.08% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on FSLR. Robert W. Baird restated a "neutral" rating and set a $205.00 target price (down from $264.00) on shares of First Solar in a research report on Wednesday, February 25th. Mizuho cut their price target on shares of First Solar from $271.00 to $243.00 and set an "outperform" rating for the company in a report on Monday, April 27th. Guggenheim cut their price target on shares of First Solar from $312.00 to $269.00 and set a "buy" rating for the company in a report on Tuesday, March 17th. Argus cut their price target on shares of First Solar from $300.00 to $250.00 and set a "buy" rating for the company in a report on Tuesday, March 3rd. Finally, Barclays cut their price target on shares of First Solar from $228.00 to $213.00 and set an "overweight" rating for the company in a report on Monday, April 20th. Eighteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $245.47.

First Solar Stock Performance

Shares of First Solar stock opened at $211.71 on Monday. The company has a 50 day moving average of $198.46 and a 200-day moving average of $231.85. First Solar, Inc. has a 1-year low of $122.47 and a 1-year high of $285.99. The company has a current ratio of 2.56, a quick ratio of 2.15 and a debt-to-equity ratio of 0.02. The company has a market cap of $22.75 billion, a PE ratio of 13.68, a price-to-earnings-growth ratio of 0.48 and a beta of 1.57.

First Solar (NASDAQ:FSLR - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The solar cell manufacturer reported $3.22 EPS for the quarter, beating the consensus estimate of $2.87 by $0.35. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. First Solar had a net margin of 30.73% and a return on equity of 18.01%. The firm's revenue was up 23.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.95 EPS. As a group, equities research analysts forecast that First Solar, Inc. will post 17.33 earnings per share for the current fiscal year.

Key Headlines Impacting First Solar

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

• Positive Sentiment: Q1 earnings and margins beat expectations: First Solar reported $3.22 GAAP EPS vs. consensus ~$2.87 and record quarterly revenue (~$1.04B), with notable margin expansion that improves near‑term earnings visibility. Company Press Release
• Positive Sentiment: Guidance reaffirmed: Management reconfirmed FY2026 net sales ($4.9B–$5.2B) and adjusted EBITDA ($2.6B–$2.8B), removing some uncertainty around full‑year expectations and supporting valuation models. Quiver Quant Article
• Positive Sentiment: Strong bookings and demand mix: Management highlighted gross bookings (1.9 GW) and growth in key markets (India and U.S. utility scale), signaling continued sales momentum. Earnings Transcript (The Motley Fool)
• Positive Sentiment: Secular demand thesis reinforced by management: CEO Mark Widmar discussed rising power demand (including AI data centers) and U.S. manufacturing scale on TV, underscoring long‑term growth drivers. CEO Interview (YouTube)
• Neutral Sentiment: Guidance nuance — midpoint slightly below some sell‑side estimates: while guidance was reaffirmed, the midpoint was reported modestly under some analyst models, which could temper upside expectations. Yahoo Finance Recap
• Neutral Sentiment: Analyst and institutional positioning mixed: median price target sits well above current levels but firms have recently trimmed or raised targets unevenly; institutional flows show major rebalances. These mixed signals can limit conviction. Quiver Quant — analyst & institutional data
• Negative Sentiment: Heavy insider selling: recent disclosures show numerous insider sales (no purchases) over the past six months, which some investors view as a governance or timing concern. Quiver Quant — insider trading
• Negative Sentiment: Ongoing trade/tariff and policy risk: multiple reports note management is navigating tariff and regulatory uncertainty; this remains a tail risk that could widen volatility despite the beat. MSN — Tariffs Article

Insiders Place Their Bets

In related news, General Counsel Jason E. Dymbort sold 9,022 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $199.62, for a total value of $1,800,971.64. Following the completion of the transaction, the general counsel owned 9,850 shares of the company's stock, valued at $1,966,257. This represents a 47.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Kuntal Kumar Verma sold 3,426 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $195.93, for a total transaction of $671,256.18. Following the completion of the transaction, the insider directly owned 8,334 shares of the company's stock, valued at approximately $1,632,880.62. The trade was a 29.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 76,562 shares of company stock worth $15,042,232 over the last 90 days. Insiders own 0.39% of the company's stock.

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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