Insider Selling: First Solar (NASDAQ:FSLR) General Counsel Sells $922,706.00 in Stock

Key Points

• First Solar General Counsel Jason Dymbort sold 3,700 shares for approximately $922,706 at an average price of $249.38, reducing his holdings by 39.68% to 5,624 shares. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
• First Solar reported quarterly earnings of $3.92 per share, beating analyst expectations of $2.90, while revenue totaled $1.06 billion and declined 3.4% year over year.
• FSLR shares recently traded at $226.77, down $14.14, despite predominantly positive analyst coverage and substantial institutional ownership of 92.08%; the company also faces securities litigation allegations that have not been proven.

First Solar, Inc. (NASDAQ:FSLR - Get Free Report) General Counsel Jason Dymbort sold 3,700 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $249.38, for a total transaction of $922,706.00. Following the completion of the transaction, the general counsel owned 5,624 shares of the company's stock, valued at $1,402,513.12. This trade represents a 39.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

First Solar Price Performance

Shares of NASDAQ FSLR traded down $14.14 during mid-day trading on Wednesday, reaching $226.77. 3,070,222 shares of the company traded hands, compared to its average volume of 2,580,672. First Solar, Inc. has a fifty-two week low of $176.47 and a fifty-two week high of $320.95. The firm has a market cap of $24.37 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 0.53 and a beta of 1.75. The stock has a fifty day simple moving average of $236.49 and a 200-day simple moving average of $225.00.

First Solar (NASDAQ:FSLR - Get Free Report) last released its earnings results on Thursday, July 30th. The solar cell manufacturer reported $3.92 earnings per share for the quarter, topping analysts' consensus estimates of $2.90 by $1.02. First Solar had a return on equity of 18.02% and a net margin of 32.47%.The firm had revenue of $1.06 billion during 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 firm's revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, analysts predict that First Solar, Inc. will post 17.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FSLR. BlackRock Inc. purchased a new position in First Solar during the second quarter valued at approximately $3,310,298,000. Norges Bank acquired a new position in shares of First Solar during the 4th quarter worth about $392,040,000. Deutsche Bank AG bought a new position in First Solar in the 2nd quarter worth approximately $212,626,000. Viking Global Investors LP increased its position in First Solar by 60.6% in 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 buying an additional 854,919 shares during the period. Finally, Polar Capital Holdings Plc acquired a new position in shares of First Solar during the fourth quarter worth approximately $200,109,000. 92.08% of the stock is owned by hedge funds and other institutional investors.

First Solar News Roundup

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

• Positive Sentiment: New U.S. solar-panel trade measures—including a $0.38-per-watt minimum import price and a 15% duty on certain polysilicon imports—could raise costs for competitors that rely on overseas manufacturing. UBS and BNP Paribas said the changes may give First Solar a meaningful competitive advantage in the domestic market. The Tariff That Helps First Solar And Hurts Everyone Else
• Positive Sentiment: Robert W. Baird upgraded First Solar from Neutral to Outperform and set a $318 price target. The firm said a Section 232 tariff decision removes a key overhang and could allow customer bookings to resume. Baird Just Upgraded First Solar Stock. Here's Why.
• Neutral Sentiment: Recent coverage also cited Mizuho’s $324 price target and a broader brokerage consensus of “Moderate Buy,” reinforcing a constructive analyst view but offering limited new fundamental information. First Solar Receives Average Rating of Moderate Buy
• Negative Sentiment: Several law firms publicized a securities class action against First Solar and certain officers. The alleged class period runs from February 26, 2025, through February 24, 2026, with an August 24 lead-plaintiff deadline. The notices cite investor losses, a sharp single-day decline, and reduced 2026 guidance; the allegations have not been proven. Pomerantz Class Action Filing

Analyst Upgrades and Downgrades

Several brokerages have commented on FSLR. TD Cowen reiterated a "buy" rating on shares of First Solar in a research report on Monday, July 20th. Weiss Ratings upgraded shares of First Solar from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, June 25th. Citigroup raised their price objective on shares of First Solar from $294.00 to $297.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. Roth Capital reiterated a "buy" rating and issued a $300.00 target price on shares of First Solar in a report on Friday, July 24th. Finally, HSBC upgraded shares of First Solar from a "hold" rating to a "buy" rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $258.79.

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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