Element Squared LLC Takes Position in First Solar, Inc. $FSLR

Element Squared LLC acquired a new position in First Solar, Inc. (NASDAQ:FSLR) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,361 shares of the solar cell manufacturer’s stock, valued at approximately $2,241,000. First Solar makes up 1.3% of Element Squared LLC’s investment portfolio, making the stock its 19th largest position.

A number of other institutional investors also recently bought and sold shares of FSLR. Norges Bank bought a new stake in First Solar during the fourth quarter valued at about $392,040,000. Viking Global Investors LP raised its stake in shares of First Solar by 60.6% in the second quarter. Viking Global Investors LP now owns 2,266,050 shares of the solar cell manufacturer’s stock worth $375,122,000 after buying an additional 854,919 shares during the period. Polar Capital Holdings Plc purchased a new position in shares of First Solar during the 4th quarter valued at about $200,109,000. Lightrock Netherlands B.V. lifted its position in shares of First Solar by 2,663.8% during the 4th quarter. Lightrock Netherlands B.V. now owns 666,307 shares of the solar cell manufacturer’s stock valued at $174,059,000 after buying an additional 642,199 shares in the last quarter. Finally, Amundi grew its stake in shares of First Solar by 38.6% during the 3rd quarter. Amundi now owns 2,025,835 shares of the solar cell manufacturer’s stock valued at $459,917,000 after acquiring an additional 564,032 shares during the period. 92.08% of the stock is owned by institutional investors.

Insider Transactions at First Solar

In other First Solar news, insider Kuntal Kumar Verma sold 582 shares of First Solar stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $250.00, for a total value of $145,500.00. Following the sale, the insider directly owned 4,967 shares in the company, valued at approximately $1,241,750. The trade was a 10.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Caroline Stockdale sold 10,628 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $275.60, for a total transaction of $2,929,076.80. Following the completion of the sale, the insider owned 23,792 shares in the company, valued at approximately $6,557,075.20. The trade was 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. In the last three months, insiders have sold 32,466 shares of company stock valued at $8,014,105. 0.39% of the stock is owned by corporate insiders.

First Solar Stock Up 1.4%

Shares of FSLR opened at $235.96 on Wednesday. The business’s 50 day moving average is $245.29 and its 200 day moving average is $232.62. The company has a market capitalization of $25.35 billion, a PE ratio of 15.24, a price-to-earnings-growth ratio of 0.51 and a beta of 1.71. First Solar, Inc. has a 12-month low of $158.81 and a 12-month high of $320.95. The company has a current ratio of 2.56, a quick ratio of 2.15 and a debt-to-equity ratio of 0.02.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings results on Thursday, April 30th. The solar cell manufacturer reported $3.22 earnings per share for the quarter, topping 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 business 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 company posted $1.95 EPS. The firm’s revenue for the quarter was up 23.6% compared to the same quarter last year. Research analysts expect that First Solar, Inc. will post 17.61 earnings per share for the current fiscal year.

Key Stories Impacting First Solar

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

• Positive Sentiment: Analysts highlighted First Solar’s expanding U.S. manufacturing footprint, a 47.9-GW backlog through 2030, and its CdTe technology as supports for long-term growth. Article Title
• Neutral Sentiment: Market commentary also pointed to First Solar as a solar-energy stock benefiting from broader sector momentum, which may be helping sentiment around the name. Article Title
• Negative Sentiment: Multiple law firms announced or promoted a class-action securities lawsuit against First Solar tied to purchases between February 26, 2025 and February 24, 2026, with August 24, 2026 cited as a lead-plaintiff deadline. These repeated legal headlines can pressure shares by raising litigation risk and investor uncertainty. Article Title

Analysts Set New Price Targets

FSLR has been the subject of several analyst reports. Citigroup reduced their target price on shares of First Solar from $300.00 to $243.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Glj Research lowered shares of First Solar from a “buy” rating to a “hold” rating and dropped their price target for the stock from $314.43 to $207.82 in a research report on Wednesday, March 4th. Morgan Stanley dropped their price target on shares of First Solar from $275.00 to $230.00 and set an “overweight” rating for the company in a research report on Tuesday, April 28th. Jefferies Financial Group decreased their price objective on shares of First Solar from $205.00 to $187.00 and set a “hold” rating on the stock in a research report on Tuesday, April 7th. Finally, Argus raised their price objective on shares of First Solar from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $249.78.

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.