Korea Investment CORP lowered its holdings in First Solar, Inc. (NASDAQ:FSLR – Free Report) by 8.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,465 shares of the solar cell manufacturer’s stock after selling 5,876 shares during the quarter. Korea Investment CORP owned 0.06% of First Solar worth $14,437,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in FSLR. Strategic Wealth Investment Group LLC bought a new stake in shares of First Solar in the 2nd quarter valued at approximately $26,000. Total Investment Management Inc. bought a new position in shares of First Solar during the 2nd quarter worth approximately $36,000. CYBER HORNET ETFs LLC acquired a new stake in First Solar in the 2nd quarter valued at $47,000. NBT Bank N A NY boosted its stake in First Solar by 550.0% in the 3rd quarter. NBT Bank N A NY now owns 221 shares of the solar cell manufacturer’s stock valued at $49,000 after buying an additional 187 shares in the last quarter. Finally, CoreFirst Bank & Trust bought a new stake in First Solar in the second quarter valued at $50,000. Institutional investors and hedge funds own 92.08% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have issued reports on the company. Royal Bank Of Canada dropped their price objective on First Solar from $258.00 to $236.00 and set an “outperform” rating for the company in a research note on Wednesday, February 25th. Weiss Ratings restated a “hold (c+)” rating on shares of First Solar in a research note on Monday, December 29th. Wall Street Zen lowered shares of First Solar from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Evercore cut their price target on shares of First Solar from $241.00 to $212.00 in a report on Thursday, March 5th. Finally, DZ Bank upgraded shares of First Solar to a “strong sell” rating in a research report on Thursday, February 26th. Twenty analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $249.65.
First Solar Price Performance
Shares of FSLR stock opened at $200.25 on Thursday. The stock’s fifty day moving average is $230.08 and its 200-day moving average is $236.15. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.35 and a current ratio of 2.67. The stock has a market capitalization of $21.49 billion, a PE ratio of 14.09, a PEG ratio of 0.32 and a beta of 1.65. First Solar, Inc. has a 52 week low of $116.56 and a 52 week high of $285.99.
First Solar (NASDAQ:FSLR – Get Free Report) last released its quarterly earnings results on Tuesday, February 24th. The solar cell manufacturer reported $4.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.22 by ($0.38). The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.59 billion. First Solar had a net margin of 29.28% and a return on equity of 17.32%. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.65 earnings per share. Equities research analysts expect that First Solar, Inc. will post 13.05 EPS for the current fiscal year.
More First Solar News
Here are the key news stories impacting First Solar this week:
- Positive Sentiment: Analyst support remains: Barclays reiterated an Overweight rating (while trimming its price target), signaling confidence in demand and the company’s growth trajectory — this helps underpin buying interest. Read More.
- Positive Sentiment: Broader analyst/backing and coverage (several buys and outperform ratings from firms such as Guggenheim and Goldman cited in recent notes) reinforce a longer‑term bullish view even as some targets were trimmed — supports conviction among growth/value investors. Read More.
- Neutral Sentiment: Market context: Zacks notes FSLR rose while the broader market dipped — a near‑term technical/flow event rather than fundamental news. Traders may have rotated into defensible renewable names on the pullback. Read More.
- Neutral Sentiment: Relative performance note: commentary that FSLR has lagged some energy peers in 2026 is more market narrative than company news, but can weigh on sentiment/flows if investors favor cyclical energy winners. Read More.
- Negative Sentiment: Significant insider selling on March 9–10: multiple senior executives — including CEO Mark Widmar (5,537 shares, ~\$1.05M) and other C‑suite members — sold stock. The breadth of sales can be perceived as reduced insider exposure or opportunistic monetization and is a short‑term negative for investor sentiment. Read More.
- Negative Sentiment: Pomerantz issued an investor alert investigating claims on behalf of First Solar investors — potential litigation/regulatory scrutiny increases uncertainty and is typically viewed as a near‑term headwind for the stock. Read More.
Insider Transactions at First Solar
In other First Solar news, CAO Nathan B. Theurer sold 324 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $195.70, for a total value of $63,406.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kuntal Kumar Verma sold 408 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $195.70, for a total transaction of $79,845.60. Following the transaction, the insider owned 9,101 shares in the company, valued at $1,781,065.70. The trade was a 4.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 47,761 shares of company stock worth $9,276,424. Corporate insiders own 0.48% of the company’s stock.
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.
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