Horizon Investment Services LLC Takes $1.28 Million Position in First Solar, Inc. $FSLR

Horizon Investment Services LLC bought a new position in First Solar, Inc. (NASDAQ:FSLR) in the second quarter, HoldingsChannel.com reports. The fund bought 5,407 shares of the solar cell manufacturer’s stock, valued at approximately $1,276,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Reflection Asset Management acquired a new stake in First Solar in the 4th quarter valued at $26,000. Commonwealth Retirement Investments LLC bought a new stake in First Solar in the fourth quarter valued at $26,000. Larson Financial Group LLC raised its stake 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 worth $27,000 after acquiring an additional 55 shares in the last quarter. Elyxium Wealth LLC acquired a new position in First Solar during the fourth quarter worth $30,000. Finally, MV Capital Management Inc. bought a new position in shares of First Solar during the fourth quarter valued at $30,000. Institutional investors own 92.08% of the company’s stock.

First Solar Stock Performance

First Solar stock opened at $225.56 on Monday. The firm has a market cap of $24.24 billion, a P/E ratio of 13.91, a P/E/G ratio of 0.49 and a beta of 1.76. The business’s fifty day moving average is $233.60 and its two-hundred day moving average is $224.75. First Solar, Inc. has a 52 week low of $179.06 and a 52 week high of $320.95.

First Solar (NASDAQ:FSLR) last announced its earnings results on Thursday, July 30th. The solar cell manufacturer reported $3.92 earnings per share for the quarter, beating 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 company 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 posted $3.18 earnings per share. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. On average, equities research analysts predict that First Solar, Inc. will post 17.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FSLR. Wells Fargo & Company boosted their target price on shares of First Solar from $300.00 to $313.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Mizuho set a $324.00 target price on shares of First Solar in a research report on Thursday. Deutsche Bank Aktiengesellschaft raised shares of First Solar from a “hold” rating to a “buy” rating and lifted their price target for the company from $245.00 to $272.00 in a report on Monday, July 6th. Robert W. Baird set a $318.00 price target on shares of First Solar and gave the company an “outperform” rating in a research report on Tuesday, August 11th. Finally, BMO Capital Markets reduced their price target on shares of First Solar from $252.00 to $237.00 and set a “market perform” rating on the stock in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $261.79.

First Solar News Summary

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

• Positive Sentiment: Robert W. Baird upgraded First Solar to Outperform and established a $318 price target. The firm said a Section 232 tariff decision removes a key overhang and could allow customers to resume bookings, improving the company’s outlook. First Solar Upgraded at Robert W. Baird
• Positive Sentiment: Solar power generated more electricity than wind globally for the first time last year and nearly matched nuclear generation. The milestone supports the broader growth case for solar manufacturers such as First Solar, although it does not represent a company-specific earnings update. Solar Power Hits Big Milestone, Trumping Wind For First Time
• Neutral Sentiment: First Solar’s general counsel sold 3,700 shares worth approximately $922,706 under a pre-arranged Rule 10b5-1 trading plan. The transaction reduced his holdings by about 40%, but the planned nature of the sale limits its value as a signal about management’s current expectations. Jason Dymbort Sells First Solar Shares
• Negative Sentiment: Multiple law firms are publicizing a securities class action against First Solar and certain officers. The alleged class period is February 26, 2025, through February 24, 2026, and investors have until August 24, 2026, to seek lead-plaintiff status. The notices allege securities-law violations and investor losses related to disclosures concerning tariffs and company guidance; the allegations have not been proven. Pomerantz First Solar Class Action Filing

Insider Activity

In other First Solar news, General Counsel Jason E. Dymbort sold 3,700 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $249.38, for a total value of $922,706.00. Following the completion of the transaction, the general counsel directly owned 5,624 shares of the company’s stock, valued at approximately $1,402,513.12. The trade was a 39.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Caroline Stockdale sold 10,628 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $275.60, for a total transaction of $2,929,076.80. Following the transaction, the insider owned 23,792 shares in the company, valued at $6,557,075.20. The trade was a 30.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 30,979 shares of company stock worth $7,694,724. 0.39% of the stock is currently owned by insiders.

First Solar 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.