First Solar (NASDAQ:FSLR) Insider Sells $122,046.58 in Stock

Key Points

• Insider sale: Georges Antoun sold 566 shares on May 5 at an average of $215.63 for $122,046.58 to cover tax withholding, leaving him with 19,918 shares (a 2.76% reduction).
• Strong Q1 results: First Solar reported EPS of $3.22 (vs. $2.87 est.) and $1.04B revenue (up 23.6%), reaffirmed FY26 guidance and cited a large contracted backlog, helping drive a rally to roughly $219.
• Mixed analyst outlook and risks: MarketBeat shows a consensus "Moderate Buy" with a $246.10 target, but several firms trimmed targets/ratings and commentary flags regulatory and demand uncertainty as potential downside.

First Solar, Inc. (NASDAQ:FSLR - Get Free Report) insider Georges Antoun sold 566 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $215.63, for a total transaction of $122,046.58. Following the completion of the transaction, the insider owned 19,918 shares of the company's stock, valued at $4,294,918.34. This represents a 2.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Georges Antoun also recently made the following trade(s):

• On Monday, March 16th, Georges Antoun sold 245 shares of First Solar stock. The shares were sold at an average price of $200.80, for a total transaction of $49,196.00.
• On Monday, March 9th, Georges Antoun sold 791 shares of First Solar stock. The shares were sold at an average price of $190.36, for a total transaction of $150,574.76.
• On Tuesday, March 3rd, Georges Antoun sold 1,958 shares of First Solar stock. The shares were sold at an average price of $194.95, for a total transaction of $381,712.10.

First Solar Price Performance

FSLR traded up $7.82 on Tuesday, reaching $219.21. The company had a trading volume of 3,163,381 shares, compared to its average volume of 2,362,970. The company has a market capitalization of $23.55 billion, a P/E ratio of 14.16, a PEG 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, Inc. has a one year low of $125.80 and a one year high of $285.99. The company has a fifty day moving average of $198.46 and a 200-day moving average of $231.85.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FSLR. Aventura Private Wealth LLC acquired a new position in First Solar during the fourth quarter valued at $25,000. Commonwealth Retirement Investments LLC acquired a new position in First Solar during the fourth quarter valued at $26,000. Reflection Asset Management acquired a new position in First Solar during the fourth quarter valued at $26,000. Strategic Wealth Investment Group LLC purchased a new position in First Solar during the second quarter valued at approximately $26,000. Finally, Larson Financial Group LLC grew its position in First Solar by 117.0% during the fourth quarter. Larson Financial Group LLC now owns 102 shares of the solar cell manufacturer's stock valued at $27,000 after purchasing an additional 55 shares in the last quarter. 92.08% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Mizuho dropped their price target on shares of First Solar from $271.00 to $243.00 and set an "outperform" rating on the stock in a research report on Monday, April 27th. Morgan Stanley dropped their price target on shares of First Solar from $275.00 to $230.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 28th. HSBC boosted their price target on shares of First Solar from $211.00 to $231.00 and gave the stock a "hold" rating in a research report on Tuesday. Wolfe Research cut shares of First Solar from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 26th. Finally, Freedom Capital lowered shares of First Solar from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 26th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $246.10.

First Solar News Summary

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

About First Solar

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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