Kayne Anderson Capital Advisors LP Takes $2.30 Million Position in First Solar, Inc. $FSLR

Kayne Anderson Capital Advisors LP purchased a new position in First Solar, Inc. (NASDAQ:FSLR) during the second quarter, HoldingsChannel.com reports. The fund purchased 9,730 shares of the solar cell manufacturer’s stock, valued at approximately $2,296,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pictet Asset Management Holding SA boosted 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 purchasing an additional 258,204 shares in the last quarter. Atlatl Advisers LLC bought a new stake in First Solar during the 4th quarter valued at about $1,697,000. Northwestern Mutual Wealth Management Co. increased its stake in First Solar by 1,054.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 52,219 shares of the solar cell manufacturer’s stock valued at $13,641,000 after purchasing an additional 47,695 shares in the last quarter. Genus Capital Management Inc. purchased a new position in First Solar in the fourth quarter worth about $4,525,000. Finally, Norges Bank purchased a new position in First Solar in the fourth quarter worth about $392,040,000. Hedge funds and other institutional investors own 92.08% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on FSLR shares. Oppenheimer reiterated a “market perform” rating on shares of First Solar in a report on Friday, July 31st. Zacks Research upgraded shares of First Solar from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. TD Cowen reaffirmed a “buy” rating on shares of First Solar in a research report on Monday, July 20th. Morgan Stanley upped their price objective on First Solar from $245.00 to $323.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, The Goldman Sachs Group increased their target price on First Solar from $300.00 to $310.00 in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, First Solar presently has a consensus rating of “Moderate Buy” and a consensus price target of $264.44.

First Solar Stock Down 3.8%

First Solar stock opened at $214.06 on Friday. The business has a 50-day simple moving average of $229.93 and a two-hundred day simple moving average of $224.33. The company has a market cap of $23.00 billion, a P/E ratio of 13.20, a P/E/G ratio of 0.49 and a beta of 1.75. First Solar, Inc. has a 52-week low of $182.99 and a 52-week high of $320.95.

First Solar (NASDAQ:FSLR) last released its quarterly earnings results on Thursday, July 30th. The solar cell manufacturer reported $3.92 EPS for the quarter, beating 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 firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the firm earned $3.18 EPS. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. Research analysts anticipate that First Solar, Inc. will post 17.72 EPS for the current fiscal year.

Trending Headlines about First Solar

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

• Positive Sentiment: First Solar could benefit from a wave of solar-industry bankruptcies if weaker competitors exit the market, potentially reducing competition and supporting demand for its domestically produced thin-film modules. First Solar stands to gain as bankruptcy wave hits solar sector
• Positive Sentiment: Some market commentary argues that First Solar may be undervalued, while a 15% tariff on imported polysilicon could support domestic pricing and cash flow. These factors offer potential offsets to the company’s legal and policy risks. First Solar Stock Could Be 30% Undervalued As Tariff News Lifts Sentiment
• Neutral Sentiment: First Solar executive Samantha Sloan sold 127 shares for approximately $28,315 to cover tax withholding on vested equity awards. The small, tax-related transaction is unlikely to represent a meaningful change in management’s view of the business.
• Negative Sentiment: Several law firms are promoting a securities class action against First Solar and certain officers. The lawsuit alleges investors were misled about Series 6 module production underutilization, the costs and challenges of moving operations to South Carolina, and related tariff and production risks during the February 26, 2025–February 24, 2026 class period. The allegations have not been proven, but potential damages, legal costs and reputational harm are weighing on sentiment. Investors have until August 24, 2026, to seek lead-plaintiff status. Pomerantz Announces First Solar Class Action

Insider Buying and Selling at First Solar

In other news, EVP Samantha L. Sloan sold 127 shares of First Solar stock in a transaction on Monday, August 17th. The shares were sold at an average price of $222.95, for a total transaction of $28,314.65. Following the transaction, the executive vice president owned 2,018 shares in the company, valued at $449,913.10. This trade represents a 5.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Michael Koralewski sold 7,000 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $221.51, for a total transaction of $1,550,570.00. Following the sale, the insider directly owned 7,642 shares of the company’s stock, valued at approximately $1,692,779.42. The trade was a 47.81% 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. Insiders sold 25,709 shares of company stock valued at $6,386,163 in the last quarter. Insiders own 0.39% of the company’s stock.

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.