18,428 Shares in First Solar, Inc. $FSLR Acquired by Brooklands Fund Management Ltd

Brooklands Fund Management Ltd acquired a new stake in First Solar, Inc. (NASDAQ:FSLR) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 18,428 shares of the solar cell manufacturer’s stock, valued at approximately $3,635,000. First Solar comprises approximately 4.1% of Brooklands Fund Management Ltd’s investment portfolio, making the stock its 9th biggest holding.

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

Analyst Ratings Changes

A number of brokerages recently weighed in on FSLR. Barclays raised their price target on shares of First Solar from $213.00 to $279.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Morgan Stanley boosted their target price on First Solar from $230.00 to $245.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Zacks Research raised First Solar from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. TD Cowen reiterated a “buy” rating on shares of First Solar in a research report on Monday. Finally, Guggenheim upped their target price on shares of First Solar from $269.00 to $279.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, First Solar presently has a consensus rating of “Moderate Buy” and an average price target of $257.10.

First Solar Stock Performance

Shares of NASDAQ:FSLR opened at $205.92 on Friday. The firm’s 50 day simple moving average is $249.20 and its 200 day simple moving average is $227.09. First Solar, Inc. has a fifty-two week low of $171.99 and a fifty-two week high of $320.95. The company has a market capitalization of $22.13 billion, a price-to-earnings ratio of 13.30, a P/E/G ratio of 0.46 and a beta of 1.73. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.56 and a quick ratio of 2.15.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings data on Thursday, April 30th. The solar cell manufacturer reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.87 by $0.35. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. First Solar had a net margin of 30.73% and a return on equity of 18.01%. The business’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.95 earnings per share. As a group, sell-side analysts forecast that First Solar, Inc. will post 17.54 earnings per share for the current year.

Insider Buying and Selling at First Solar

In other First Solar news, insider Caroline Stockdale sold 10,628 shares of First Solar stock in a transaction dated 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 transaction, the insider directly owned 23,792 shares in the company, valued at approximately $6,557,075.20. The trade was a 30.88% decrease in their ownership of the stock. The transaction 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, CTO Markus Gloeckler sold 420 shares of the business’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 $90,564.60. Following the completion of the transaction, the chief technology officer directly owned 10,896 shares of the company’s stock, valued at approximately $2,349,504.48. The trade was a 3.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 31,893 shares of company stock worth $7,893,775 in the last three months. 0.39% of the stock is owned by insiders.

First Solar News Summary

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

• Negative Sentiment: Several firms, including Bronstein, Gewirtz & Grossman, Pomerantz, Faruqi & Faruqi, Levi & Korsinsky, and others, announced or reminded investors about a securities class-action lawsuit against First Solar, adding legal overhang and uncertainty for the stock. Article Title
• Negative Sentiment: The lawsuit allegations focus on alleged investor harm and claims that First Solar overstated favorable long-term conditions while its international facilities faced mounting headwinds, which could raise concerns about future disclosures and potential settlement costs. Article Title
• Neutral Sentiment: TD Cowen reportedly reiterated a Buy rating, and Zacks highlighted that First Solar may be positioned to beat upcoming earnings estimates, offering some offsetting support from the analyst and fundamentals side. Article Title
• Neutral Sentiment: Recent trading has been choppy, with one session showing a modest rise and another showing the stock underperforming the broader market, suggesting investors are balancing earnings optimism against legal headlines. Article Title

First Solar 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.