EFG International AG Purchases Shares of 4,690 First Solar, Inc. $FSLR

EFG International AG acquired a new position in shares of First Solar, Inc. (NASDAQ:FSLR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,690 shares of the solar cell manufacturer’s stock, valued at approximately $1,107,000.

A number of other institutional investors also recently made changes to their positions in FSLR. BlackRock Inc. bought a new position in shares of First Solar during the second quarter worth approximately $3,310,298,000. Hill City Capital LP bought a new stake in First Solar in the 2nd quarter valued at $620,133,555,000. Norges Bank bought a new stake in First Solar in the 4th quarter valued at $392,040,000. Deutsche Bank AG acquired a new position in First Solar in the 2nd quarter valued at $212,626,000. Finally, Viking Global Investors LP increased its position in First Solar by 60.6% during 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. Institutional investors own 92.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FSLR shares. Mizuho set a $324.00 target price on First Solar in a report on Thursday, August 13th. Freedom Capital upgraded shares of First Solar from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Jefferies Financial Group set a $196.00 price target on shares of First Solar in a research report on Monday, August 3rd. Sanford C. Bernstein dropped their price objective on shares of First Solar from $217.00 to $197.00 and set an “underperform” rating for the company in a research note on Friday, July 31st. Finally, Evercore reissued a “positive” rating and issued a $218.00 price objective on shares of First Solar in a report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $265.37.

First Solar Trading Down 0.4%

FSLR opened at $205.93 on Thursday. The company has a market cap of $22.13 billion, a P/E ratio of 12.70, a PEG ratio of 0.45 and a beta of 1.75. The company’s 50 day moving average is $225.43 and its 200-day moving average is $223.58. First Solar, Inc. has a 1-year low of $182.99 and a 1-year high of $320.95.

First Solar (NASDAQ:FSLR) last released its quarterly earnings data on Thursday, July 30th. The solar cell manufacturer reported $3.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.90 by $1.02. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.06 billion. First Solar had a net margin of 32.47% and a return on equity of 18.02%. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.18 EPS. On average, equities analysts forecast that First Solar, Inc. will post 17.77 EPS for the current year.

Key Stories Impacting First Solar

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

• Positive Sentiment: Argus reaffirmed its Buy rating and set a $275 price target, implying substantial upside from recent trading levels and signaling confidence in First Solar’s valuation and outlook. Benzinga rating report
• Positive Sentiment: Potential U.S. government support could benefit First Solar. New Section 232 tariffs on polysilicon imports may encourage additional domestic-solar investment, including the possibility of government-backed equity arrangements modeled on the Intel deal. However, no such investment in First Solar has been confirmed. Trump solar tariffs article
• Positive Sentiment: Value-focused coverage remains supportive. Zacks identified FSLR as a highly ranked value stock, potentially attracting investors seeking comparatively inexpensive solar exposure. Zacks value-stock article
• Neutral Sentiment: Jim Cramer discussed First Solar alongside several other stocks, but the report provided no specific new recommendation or fundamental update for FSLR. Jim Cramer stock discussion
• Neutral Sentiment: Reported short-interest data showed zero shares and zero days to cover, making the figures unreliable or non-informative for trading analysis.
• Negative Sentiment: New FCC restrictions on foreign inverters are favoring SolarEdge more directly, while First Solar and Enphase drifted lower. The policy divergence suggests investors do not view FSLR as a primary beneficiary of the inverter-related rule change. SolarEdge and inverter import curbs article
• Negative Sentiment: Two law firms announced investigations or investor solicitations involving First Solar. These notices can weigh on sentiment by raising concerns about potential shareholder litigation, although they do not establish wrongdoing or financial liability. First Solar investor alert

Insider Activity at First Solar

In other news, EVP Samantha L. Sloan sold 127 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $222.95, for a total value of $28,314.65. Following the completion of the transaction, the executive vice president directly owned 2,018 shares in the company, valued at approximately $449,913.10. This represents a 5.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Markus Gloeckler sold 829 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $248.00, for a total value of $205,592.00. Following the sale, the chief technology officer owned 6,642 shares in the company, valued at $1,647,216. This represents a 11.10% 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. In the last ninety days, insiders sold 15,081 shares of company stock worth $3,457,086. Corporate insiders own 0.39% of the company’s stock.

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.