Persistent Asset Partners Ltd Invests $702,000 in First Solar, Inc. $FSLR

Persistent Asset Partners Ltd bought a new position in First Solar, Inc. (NASDAQ:FSLR) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 3,013 shares of the solar cell manufacturer’s stock, valued at approximately $702,000.

A number of other institutional investors also recently bought and sold shares of the stock. Pictet Asset Management Holding SA increased its stake in First Solar by 29.3% in the 1st 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 in the last quarter. Atlatl Advisers LLC purchased a new position in shares of First Solar in the fourth quarter valued at about $1,697,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of First Solar by 1,054.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 52,219 shares of the solar cell manufacturer’s stock valued at $13,641,000 after acquiring an additional 47,695 shares in the last quarter. Genus Capital Management Inc. bought a new position in shares of First Solar in the fourth quarter worth about $4,525,000. Finally, TABR Capital Management LLC bought a new position in shares of First Solar in the fourth quarter worth about $5,626,000. 92.08% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FSLR has been the topic of several recent analyst reports. Wells Fargo & Company lifted their target price on First Solar from $300.00 to $313.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Barclays upped their price target on First Solar from $213.00 to $279.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Oppenheimer reaffirmed a “market perform” rating on shares of First Solar in a report on Friday, July 31st. Mizuho set a $324.00 target price on shares of First Solar in a report on Thursday. Finally, Sanford C. Bernstein dropped their target price on shares of First Solar from $217.00 to $197.00 and set an “underperform” rating for the company in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $261.79.

Insider Transactions at First Solar

In other news, insider Michael Koralewski sold 7,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $221.51, for a total value of $1,550,570.00. Following the sale, the insider directly owned 7,642 shares in the company, valued at $1,692,779.42. The trade was a 47.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 dated Thursday, May 28th. The shares were sold at an average price of $275.60, for a total transaction of $2,929,076.80. Following the sale, the insider owned 23,792 shares in the company, valued at $6,557,075.20. This represents a 30.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 30,979 shares of company stock worth $7,694,724. 0.39% of the stock is currently owned by corporate insiders.

Key First Solar News

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

First Solar Stock Performance

FSLR stock opened at $225.56 on Monday. The firm has a fifty day moving average price of $233.60 and a 200 day moving average price of $224.75. First Solar, Inc. has a fifty-two week low of $179.06 and a fifty-two week high of $320.95. The firm has a market cap of $24.24 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 0.49 and a beta of 1.76.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings results on Thursday, July 30th. The solar cell manufacturer reported $3.92 earnings per share for the quarter, topping the consensus estimate of $2.90 by $1.02. First Solar had a net margin of 32.47% and a return on equity of 18.02%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the business posted $3.18 earnings per share. First Solar’s quarterly revenue was down 3.4% on a year-over-year basis. On average, equities analysts predict that First Solar, Inc. will post 17.75 EPS for the current year.

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.