Twin Tree Management LP Buys Shares of 6,434 First Solar, Inc. $FSLR

Key Points

• Twin Tree Management LP initiated a First Solar position by purchasing 6,434 shares valued at approximately $1.52 million. Other institutions also added stakes, with institutional investors collectively owning 92.08% of the company.
• Analyst sentiment remains favorable: First Solar has a consensus rating of “Moderate Buy” and an average price target of $264.44, with several firms recently raising their targets.
• First Solar exceeded quarterly earnings expectations, reporting $3.92 in EPS versus the $2.90 consensus estimate, although revenue declined 3.4% year over year. Insiders have sold 25,709 shares worth about $6.39 million over the past 90 days.

Twin Tree Management LP bought a new stake in First Solar, Inc. (NASDAQ:FSLR - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,434 shares of the solar cell manufacturer's stock, valued at approximately $1,518,000.

A number of other institutional investors have also recently made changes to their positions in FSLR. Clear Harbor Asset Management LLC purchased a new stake in First Solar in the 2nd quarter worth about $2,033,000. Bank of Nova Scotia bought a new stake in First Solar in the 2nd quarter valued at about $3,271,000. Compass Financial Management LLC purchased a new stake in First Solar during the second quarter valued at about $462,000. Daiichi Life Insurance Co. Ltd. purchased a new stake in First Solar during the second quarter valued at about $1,916,000. Finally, Commerce Bank purchased a new stake in First Solar during the second quarter valued at about $838,000. Hedge funds and other institutional investors own 92.08% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on FSLR. UBS Group lifted their target price on shares of First Solar from $290.00 to $330.00 and gave the stock a "buy" rating in a research note on Thursday, June 11th. Deutsche Bank Aktiengesellschaft upgraded shares of First Solar from a "hold" rating to a "buy" rating and upped their price target for the company from $245.00 to $272.00 in a research note on Monday, July 6th. Susquehanna raised their price objective on shares of First Solar from $250.00 to $270.00 and gave the stock a "positive" rating in a report on Friday, July 10th. Evercore reiterated a "positive" rating and issued a $218.00 price objective on shares of First Solar in a research note on Monday, August 17th. Finally, Citigroup boosted their target price on shares of First Solar from $294.00 to $297.00 and gave the company a "buy" rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $264.44.

Insider Buying and Selling at First Solar

In other First Solar news, insider Caroline Stockdale sold 10,628 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $275.60, for a total value of $2,929,076.80. Following the sale, the insider directly owned 23,792 shares in the company, valued at $6,557,075.20. This represents a 30.88% decrease in their position. 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, CTO Markus Gloeckler sold 829 shares of the firm's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $248.00, for a total transaction of $205,592.00. Following the completion of the transaction, the chief technology officer directly owned 6,642 shares of the company's stock, valued at approximately $1,647,216. The trade was a 11.10% 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. Insiders have sold a total of 25,709 shares of company stock worth $6,386,163 in the last ninety days. Insiders own 0.39% of the company's stock.

Key First Solar News

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 Stock Up 0.1%

FSLR stock opened at $214.28 on Friday. The firm has a market capitalization of $23.02 billion, a PE ratio of 13.21, a PEG ratio of 0.47 and a beta of 1.75. First Solar, Inc. has a twelve month low of $182.99 and a twelve month high of $320.95. The stock has a 50-day simple moving average of $228.86 and a two-hundred day simple moving average of $224.26.

First Solar (NASDAQ:FSLR - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The solar cell manufacturer reported $3.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the firm posted $3.18 earnings per share. The company's revenue for the quarter was down 3.4% on a year-over-year basis. On average, equities research analysts anticipate that First Solar, Inc. will post 17.72 EPS for the current fiscal year.

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source