Jason Dymbort Sells 409 Shares of First Solar (NASDAQ:FSLR) Stock

Key Points

• Insider sale: First Solar General Counsel Jason Dymbort sold 409 shares at an average price of $215.63 (totaling $88,192.67) to cover tax withholding, reducing his stake by 3.78% to 10,409 shares (≈$2.24M).
• Strong Q1 results: First Solar reported Q1 EPS of $3.22 (vs. $2.87 expected) and revenue of $1.04B (up 23.6% y/y), driving a mid-day share jump to $219.21 and the company reaffirmed its FY26 outlook with a large contracted backlog.
• Mixed analyst sentiment: Several firms trimmed price targets while the consensus remains a “Moderate Buy” with an average target of $246.10, and institutional ownership is high at about 92%.

First Solar, Inc. (NASDAQ:FSLR - Get Free Report) General Counsel Jason Dymbort sold 409 shares of First Solar stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $215.63, for a total transaction of $88,192.67. Following the sale, the general counsel owned 10,409 shares in the company, valued at approximately $2,244,492.67. This represents a 3.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

First Solar Price Performance

Shares of NASDAQ FSLR traded up $7.82 during mid-day trading on Tuesday, reaching $219.21. 3,163,381 shares of the company traded hands, compared to its average volume of 2,362,970. First Solar, Inc. has a fifty-two week low of $125.80 and a fifty-two week high of $285.99. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.56 and a quick ratio of 2.15. The firm has a market cap of $23.55 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 0.48 and a beta of 1.57. The stock has a fifty day simple moving average of $198.46 and a 200-day simple moving average of $231.85.

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

Analyst Ratings Changes

Several research analysts recently weighed in on FSLR shares. Mizuho decreased their target price on First Solar from $271.00 to $243.00 and set an "outperform" rating for the company in a research note on Monday, April 27th. Wells Fargo & Company decreased their target price on First Solar from $285.00 to $255.00 and set an "overweight" rating for the company in a research note on Thursday, February 26th. Wall Street Zen cut First Solar from a "buy" rating to a "hold" rating in a research note on Saturday, February 28th. Glj Research lowered shares of First Solar from a "buy" rating to a "hold" rating and cut their target price for the company from $314.43 to $207.82 in a research note on Wednesday, March 4th. Finally, Jefferies Financial Group cut their target price on shares of First Solar from $205.00 to $187.00 and set a "hold" rating for the company in a research note on Tuesday, April 7th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $246.10.

Key Headlines Impacting First Solar

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 institutional investors and hedge funds have recently modified their holdings of FSLR. Woodline Partners LP raised its position in shares of First Solar by 40.7% during the first quarter. Woodline Partners LP now owns 9,044 shares of the solar cell manufacturer's stock worth $1,143,000 after purchasing an additional 2,615 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of First Solar by 50.9% in the second quarter. EverSource Wealth Advisors LLC now owns 516 shares of the solar cell manufacturer's stock worth $85,000 after acquiring an additional 174 shares in the last quarter. Brown Advisory Inc. increased its position in shares of First Solar by 84.3% in the second quarter. Brown Advisory Inc. now owns 4,529 shares of the solar cell manufacturer's stock worth $750,000 after acquiring an additional 2,072 shares in the last quarter. Cerity Partners LLC purchased a new position in shares of First Solar in the second quarter worth approximately $494,000. Finally, AXA S.A. increased its position in shares of First Solar by 6.3% in the second quarter. AXA S.A. now owns 18,862 shares of the solar cell manufacturer's stock worth $3,122,000 after acquiring an additional 1,115 shares in the last quarter. 92.08% of the stock is owned by institutional investors and hedge funds.

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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