First Solar, Inc. $FSLR Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. decreased its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 3.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 235,718 shares of the solar cell manufacturer’s stock after selling 8,681 shares during the quarter. Assenagon Asset Management S.A.’s holdings in First Solar were worth $46,498,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hanson & Doremus Investment Management increased its stake in First Solar by 6.1% in the first quarter. Hanson & Doremus Investment Management now owns 10,482 shares of the solar cell manufacturer’s stock valued at $2,068,000 after purchasing an additional 607 shares during the last quarter. Brookstone Capital Management lifted its position in shares of First Solar by 19.2% during the 1st quarter. Brookstone Capital Management now owns 1,977 shares of the solar cell manufacturer’s stock worth $390,000 after buying an additional 318 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of First Solar by 100.5% during the 1st quarter. SG Americas Securities LLC now owns 197,258 shares of the solar cell manufacturer’s stock worth $38,911,000 after buying an additional 98,877 shares during the last quarter. Evexia Wealth LLC boosted its holdings in shares of First Solar by 4.3% in the 1st quarter. Evexia Wealth LLC now owns 2,941 shares of the solar cell manufacturer’s stock valued at $589,000 after buying an additional 120 shares in the last quarter. Finally, E. Ohman J or Asset Management AB boosted its holdings in shares of First Solar by 1.6% in the 1st quarter. E. Ohman J or Asset Management AB now owns 137,176 shares of the solar cell manufacturer’s stock valued at $27,059,000 after buying an additional 2,154 shares in the last quarter. 92.08% of the stock is owned by institutional investors and hedge funds.

First Solar Stock Performance

NASDAQ FSLR opened at $248.64 on Friday. The firm has a market cap of $26.72 billion, a P/E ratio of 16.06, a P/E/G ratio of 0.55 and a beta of 1.71. First Solar, Inc. has a 52-week low of $149.54 and a 52-week high of $320.95. The business’s 50-day moving average price is $242.68 and its 200 day moving average price is $233.06. The company has a quick ratio of 2.15, a current ratio of 2.56 and a debt-to-equity ratio of 0.02.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings data on Thursday, April 30th. The solar cell manufacturer reported $3.22 EPS for the quarter, beating the consensus estimate of $2.87 by $0.35. First Solar had a return on equity of 18.01% and a net margin of 30.73%.The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the business earned $1.95 EPS. The firm’s revenue was up 23.6% compared to the same quarter last year. On average, equities research analysts expect that First Solar, Inc. will post 17.61 earnings per share for the current year.

Key Stories Impacting First Solar

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

• Positive Sentiment: Zacks highlighted First Solar as a strong growth stock, pointing to its capacity expansion and innovation efforts as reasons investors may remain constructive on the long-term story.
• Positive Sentiment: Another Zacks note said First Solar is accelerating growth through manufacturing expansion and next-generation solar technology, reinforcing the company’s competitive positioning in solar manufacturing.
• Neutral Sentiment: Short-interest data released during the day showed no reported short interest, offering little clear directional signal for the stock.
• Negative Sentiment: Multiple law firms announced or promoted a class action lawsuit against First Solar and certain officers, alleging federal securities law violations for investors who bought shares between February 26, 2025 and February 24, 2026. These developments can weigh on sentiment by increasing legal and headline risk. Pomerantz Law Firm Announces the Filing of a Class Action Against First Solar, Inc. and Certain Officers – FSLR
• Negative Sentiment: Additional investor-rights firms, including Rosen, Portnoy, Robbins, Schall, Gainey McKenna, Bronstein, and DJS, issued notices tied to the lawsuit or launched investigations, increasing the chance of prolonged litigation-related pressure on First Solar shares.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Evercore lifted their price target on shares of First Solar from $212.00 to $219.00 in a research note on Monday, May 4th. Sanford C. Bernstein initiated coverage on shares of First Solar in a research note on Tuesday, June 16th. They issued an “underperform” rating and a $217.00 price objective for the company. Jefferies Financial Group dropped their price objective on First Solar from $205.00 to $187.00 and set a “hold” rating on the stock in a report on Tuesday, April 7th. Freedom Capital upgraded First Solar from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Finally, Glj Research downgraded First Solar from a “buy” rating to a “hold” rating and reduced their target price for the company from $314.43 to $207.82 in a report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $249.78.

Insider Buying and Selling at First Solar

In related news, General Counsel Jason E. Dymbort sold 409 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $215.63, for a total value of $88,192.67. Following the completion of the sale, the general counsel owned 10,409 shares in the company, valued at $2,244,492.67. This trade represents a 3.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Caroline Stockdale sold 10,628 shares of First Solar stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $275.60, for a total value of $2,929,076.80. Following the completion of the sale, the insider directly owned 23,792 shares in the company, valued at $6,557,075.20. This represents a 30.88% decrease in their position. 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 three months, insiders have sold 32,466 shares of company stock valued at $8,014,105. 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.