First Solar (NASDAQ:FSLR) Trading Down 5% – What’s Next?

Shares of First Solar, Inc. (NASDAQ:FSLR) traded down 5% during mid-day trading on Wednesday . The company traded as low as $231.11 and last traded at $228.9130. 520,107 shares changed hands during trading, a decline of 78% from the average session volume of 2,413,969 shares. The stock had previously closed at $240.91.

First Solar News Roundup

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

• Positive Sentiment: Baird upgraded First Solar to “Outperform” from “Neutral” and raised its price target to $318 from $205. Analyst Ben Kallo said a Section 232 tariff decision removes a key overhang and could allow customers to resume bookings, improving visibility for the company’s U.S. solar manufacturing business. First Solar raised at Baird as Section 232 clears path for bookings
• Positive Sentiment: The bullish view follows other favorable coverage, including Mizuho’s $324 price target and a broader brokerage consensus described as “Moderate Buy.” These targets imply substantial upside if tariff clarity translates into renewed orders and bookings.
• Neutral Sentiment: Several law firms are publicizing an August 24, 2026 deadline for investors to seek lead-plaintiff status in a federal securities class action covering purchases from February 26, 2025, through February 24, 2026. The notices largely repeat the same case information rather than representing separate lawsuits or new operating developments. First Solar class action deadline notice
• Negative Sentiment: Litigation risk is the main negative catalyst. Pomerantz reported that a class action was filed against First Solar and certain officers, alleging violations of federal securities laws. Other firms allege that First Solar promoted a favorable long-term tariff environment and stronger market position before a 13.61% single-day share-price collapse and a reduction in 2026 guidance. The allegations have not been proven, but the legal uncertainty could pressure sentiment and create potential costs or reputational damage. Pomerantz First Solar class action announcement

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Robert W. Baird set a $318.00 price objective on shares of First Solar and gave the stock an “outperform” rating in a research report on Tuesday. Roth Capital reaffirmed a “buy” rating and issued a $300.00 target price on shares of First Solar in a research report on Friday, July 24th. Zacks Research raised First Solar from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Citigroup increased their price objective on First Solar from $294.00 to $297.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Finally, Freedom Capital upgraded First Solar from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.79.

First Solar Trading Down 5.9%

The firm has a market capitalization of $24.35 billion, a PE ratio of 13.97, a PEG ratio of 0.52 and a beta of 1.75. The firm’s fifty day moving average price is $238.32 and its 200 day moving average price is $225.09.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings data on Thursday, July 30th. The solar cell manufacturer reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $1.02. First Solar had a return on equity of 18.02% and a net margin of 32.47%.The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the company earned $3.18 earnings per share. First Solar’s quarterly revenue was down 3.4% compared to the same quarter last year. As a group, research analysts expect that First Solar, Inc. will post 17.75 EPS for the current year.

Insider Buying and Selling at First Solar

In related news, insider Kuntal Kumar Verma sold 582 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $250.00, for a total value of $145,500.00. Following the completion of the sale, the insider owned 4,967 shares of the company’s stock, valued at approximately $1,241,750. The trade was a 10.49% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Koralewski sold 7,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $221.51, for a total value of $1,550,570.00. Following the completion of the transaction, the insider owned 7,642 shares in the company, valued at $1,692,779.42. This represents a 47.81% decrease in their position. 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 sold 27,279 shares of company stock worth $6,772,018 over the last quarter. Insiders own 0.39% of the company’s stock.

Institutional Trading of First Solar

Hedge funds have recently modified their holdings of the company. Pictet Asset Management Holding SA boosted its position in shares of First Solar by 29.3% during the first quarter. Pictet Asset Management Holding SA now owns 1,138,473 shares of the solar cell manufacturer’s stock worth $224,540,000 after buying an additional 258,204 shares during the period. Atlatl Advisers LLC bought a new position in shares of First Solar during the fourth quarter worth about $1,697,000. Northwestern Mutual Wealth Management Co. raised its position in First Solar by 1,054.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 52,219 shares of the solar cell manufacturer’s stock valued at $13,641,000 after buying an additional 47,695 shares during the last quarter. Genus Capital Management Inc. acquired a new stake in First Solar in the 4th quarter valued at approximately $4,525,000. Finally, TABR Capital Management LLC bought a new stake in First Solar in the 4th quarter valued at approximately $5,626,000. 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.