First Solar (NASDAQ:FSLR) Insider Michael Koralewski Sells 215 Shares

Key Points

• Insider Michael Koralewski sold 215 shares on May 5 at an average price of $215.63 (total $46,360), trimming his stake by 1.45% to 14,642 shares; the sale was disclosed as being to cover tax withholding on vested equity and follows several larger sales in March.
• First Solar posted a Q1 earnings beat (EPS $3.22 vs. $2.87 expected) with revenue of $1.04B (+23.6% YoY), and the stock rallied roughly 3.7% to $219.21 as the company reaffirmed FY26 guidance and cited a large contracted backlog.
• Analysts remain broadly positive—MarketBeat shows a consensus of Moderate Buy with an average target of $246.10 despite some recent target trims—and institutional investors hold about 92.08% of the shares.

First Solar, Inc. (NASDAQ:FSLR - Get Free Report) insider Michael Koralewski sold 215 shares of First Solar stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $215.63, for a total transaction of $46,360.45. Following the transaction, the insider directly owned 14,642 shares in the company, valued at $3,157,254.46. This trade represents a 1.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Michael Koralewski also recently made the following trade(s):

• On Monday, March 16th, Michael Koralewski sold 264 shares of First Solar stock. The shares were sold at an average price of $200.80, for a total value of $53,011.20.
• On Monday, March 9th, Michael Koralewski sold 756 shares of First Solar stock. The shares were sold at an average price of $190.36, for a total value of $143,912.16.
• On Tuesday, March 3rd, Michael Koralewski sold 1,330 shares of First Solar stock. The shares were sold at an average price of $195.93, for a total value of $260,586.90.

First Solar Trading Up 3.7%

Shares of NASDAQ:FSLR traded up $7.82 on Tuesday, reaching $219.21. 3,163,381 shares of the company traded hands, compared to its average volume of 2,362,970. The business's 50-day simple moving average is $198.46 and its 200 day simple moving average is $231.85. First Solar, Inc. has a 52 week low of $125.80 and a 52 week high of $285.99. The stock has a market capitalization of $23.55 billion, a P/E ratio of 14.16, a price-to-earnings-growth ratio of 0.48 and a beta of 1.57. The company has a current ratio of 2.56, a quick ratio of 2.15 and a debt-to-equity ratio of 0.02.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on FSLR shares. HSBC increased their price objective on First Solar from $211.00 to $231.00 and gave the company a "hold" rating in a research note on Tuesday. Morgan Stanley lowered their price objective on shares of First Solar from $275.00 to $230.00 and set an "overweight" rating for the company in a research note on Tuesday, April 28th. Mizuho lowered their price objective on shares of First Solar from $271.00 to $243.00 and set an "outperform" rating for the company in a research note on Monday, April 27th. Barclays lowered their price objective on shares of First Solar from $228.00 to $213.00 and set an "overweight" rating for the company in a research note on Monday, April 20th. Finally, Citigroup lowered their price objective on shares of First Solar from $300.00 to $243.00 and set a "buy" rating for the company in a research note on Tuesday, April 21st. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, First Solar presently has a consensus rating of "Moderate Buy" and an average target price of $246.10.

More First Solar News

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

• Positive Sentiment: Q1 earnings beat — Q1 EPS of $3.22 (up ~65%) and revenue of $1.04B topped estimates, with margins and utilization highlighted as strengths. This is a primary driver of the rally. First Solar's Q1 Earnings Beat Estimates, Revenues Increase Y/Y
• Positive Sentiment: Policy optimism — a broker upgrade cites potential upside if Section 232 rulings favor U.S. module producers; investors are pricing that potential into FSLR. First Solar upgraded at Freedom Broker as Section 232 seen driving upside
• Positive Sentiment: Reaffirmed outlook & backlog — company report and market writeups note record Q1 revenue, reaffirmed FY26 guidance and a large contracted backlog (strong revenue visibility), supporting the bull case. First Solar (FSLR) Is Up 9.3% After Record Q1 Results And Reaffirmed 2026 Outlook Has The Bull Case Changed?
• Positive Sentiment: Sector tailwinds — coverage noting growing clean-energy demand and favorable sector dynamics supports sentiment toward FSLR. First Solar In Focus As Clean Energy Demand Shapes Nasdaq Composite
• Neutral Sentiment: HSBC raised its price target to $231 (hold) — a modest lift to upside expectations but stops short of a buy endorsement. HSBC adjusts price target on First Solar to $231 from $211, maintains hold rating
• Neutral Sentiment: Evercore nudged its target to $219 and kept an in-line rating — effectively neutral vs. current levels. Evercore ISI adjusts price target on First Solar to $219 from $212, maintains in-line rating
• Negative Sentiment: Regulatory and demand risk flagged — analysis warns that policy uncertainty and possible demand slowdowns could introduce meaningful downside if tailwinds (e.g., tax credits, tariffs) don’t materialize as expected. First Solar Suffers Regulatory/Demand Uncertainty - Wait On The Sidelines First
• Negative Sentiment: Bear case remains — other commentary emphasizes persistent downside risk tied to execution, margin pressures and macro/regulatory shocks. First Solar: Still Providing Plenty Of Downside Risk

Institutional Investors Weigh In On First Solar

A number of large investors have recently modified their holdings of FSLR. Woodline Partners LP boosted its stake in shares of First Solar by 40.7% during the 1st quarter. Woodline Partners LP now owns 9,044 shares of the solar cell manufacturer's stock valued at $1,143,000 after purchasing an additional 2,615 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of First Solar by 50.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 516 shares of the solar cell manufacturer's stock valued at $85,000 after purchasing an additional 174 shares in the last quarter. Brown Advisory Inc. boosted its stake in shares of First Solar by 84.3% during the 2nd quarter. Brown Advisory Inc. now owns 4,529 shares of the solar cell manufacturer's stock valued at $750,000 after purchasing an additional 2,072 shares in the last quarter. Cerity Partners LLC purchased a new position in shares of First Solar in the 2nd quarter valued at approximately $494,000. Finally, AXA S.A. lifted its stake in shares of First Solar by 6.3% in the 2nd quarter. AXA S.A. now owns 18,862 shares of the solar cell manufacturer's stock valued at $3,122,000 after purchasing an additional 1,115 shares during the period. Institutional investors own 92.08% of the company's stock.

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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