Picton Mahoney Asset Management Makes New Investment in First Solar, Inc. $FSLR

Picton Mahoney Asset Management bought a new stake in shares of First Solar, Inc. (NASDAQ:FSLR) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 36,983 shares of the solar cell manufacturer’s stock, valued at approximately $8,155,000.

A number of other institutional investors and hedge funds have also made changes to their positions in FSLR. Vanguard Group Inc. boosted its position in First Solar by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 13,721,979 shares of the solar cell manufacturer’s stock valued at $3,026,108,000 after purchasing an additional 464,130 shares during the period. State Street Corp lifted its stake in First Solar by 2.1% in the second quarter. State Street Corp now owns 5,326,082 shares of the solar cell manufacturer’s stock valued at $881,680,000 after buying an additional 111,927 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of First Solar by 0.9% during the second quarter. Geode Capital Management LLC now owns 2,857,848 shares of the solar cell manufacturer’s stock valued at $471,927,000 after acquiring an additional 26,476 shares during the period. Viking Global Investors LP boosted its holdings in shares of First Solar by 60.6% during the second quarter. Viking Global Investors LP now owns 2,266,050 shares of the solar cell manufacturer’s stock valued at $375,122,000 after acquiring an additional 854,919 shares during the period. Finally, Schroder Investment Management Group grew its position in shares of First Solar by 3.7% during the second quarter. Schroder Investment Management Group now owns 1,350,084 shares of the solar cell manufacturer’s stock worth $223,493,000 after acquiring an additional 47,646 shares during the last quarter. 92.08% of the stock is currently owned by institutional investors and hedge funds.

More First Solar News

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

• Positive Sentiment: Some analysts remain constructive — Argus kept a “buy” rating and trimmed its target to $250, signaling continued upside from current levels. Argus adjusts price target
• Neutral Sentiment: Some large brokerages trimmed targets but kept positive/overweight stances — Morgan Stanley and Barclays cut price targets while retaining overweight views, indicating beliefs in longer‑term upside despite near‑term headwinds. Morgan Stanley cuts price target Barclays lowers price target
• Neutral Sentiment: Published short‑interest feeds showed anomalous zero/NaN values — treat reports of a “large increase” as data errors rather than a reliable signal of short‑selling pressure.
• Negative Sentiment: Q4 results missed EPS estimates and management issued weak 2026 sales guidance — this is the proximate cause of recent selling and the main driver behind pressure on FSLR and solar ETFs. ETFs in Focus post earnings miss
• Negative Sentiment: Concentrated insider selling — multiple senior executives (including the CEO, CFO and CTO) sold sizable blocks on March 3 at roughly $196 each; heavy insider exits can amplify negative sentiment. Widmar Form 4
• Negative Sentiment: Pomerantz LLP opened an investor investigation into First Solar, creating legal/reputational risk that can keep downside pressure on the stock while inquiries proceed. Pomerantz investor alert
• Negative Sentiment: Independent commentary highlights structural risks (subsidy dependence, margin recovery uncertainty and a cited “$2B problem”), which could deepen downside if pricing or policy support falters.
• Negative Sentiment: Freedom Capital downgraded FSLR to Hold and cut its price target to $250 after the Q4 miss and weak 2026 guidance — another downdraft for near‑term sentiment. Freedom Capital downgrade

Wall Street Analyst Weigh In

A number of research analysts have issued reports on FSLR shares. Daiwa Securities Group boosted their target price on shares of First Solar from $215.00 to $284.00 and gave the company an “outperform” rating in a research note on Tuesday, December 9th. Mizuho cut their price target on First Solar from $326.00 to $271.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. JPMorgan Chase & Co. decreased their price objective on First Solar from $303.00 to $256.00 and set an “overweight” rating for the company in a report on Wednesday, February 25th. Argus lowered their target price on First Solar from $300.00 to $250.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of First Solar in a research report on Monday, December 29th. Twenty research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $250.65.

First Solar Stock Down 0.1%

Shares of FSLR stock opened at $197.27 on Thursday. First Solar, Inc. has a 1 year low of $116.56 and a 1 year high of $285.99. 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 business’s fifty day moving average is $237.31 and its 200-day moving average is $236.55. The stock has a market cap of $21.17 billion, a PE ratio of 13.88, a price-to-earnings-growth ratio of 0.31 and a beta of 1.65.

First Solar (NASDAQ:FSLR) last announced its earnings results on Tuesday, February 24th. The solar cell manufacturer reported $4.84 earnings per share for the quarter, missing the consensus estimate of $5.22 by ($0.38). The firm had revenue of $1.68 billion for 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 company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business earned $3.65 EPS. Equities analysts expect that First Solar, Inc. will post 13.05 earnings per share for the current fiscal year.

Insider Activity at First Solar

In other news, General Counsel Jason E. Dymbort sold 3,273 shares of First Solar stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $195.93, for a total value of $641,278.89. Following the transaction, the general counsel owned 16,625 shares of the company’s stock, valued at $3,257,336.25. The trade was a 16.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Mark R. Widmar sold 7,738 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $195.93, for a total transaction of $1,516,106.34. Following the completion of the sale, the chief executive officer owned 91,787 shares in the company, valued at $17,983,826.91. The trade was a 7.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 27,515 shares of company stock worth $5,389,095. Company insiders own 0.48% 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.