Texas Permanent School Fund Corp Sells 4,009 Shares of First Solar, Inc. $FSLR

Texas Permanent School Fund Corp lowered its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 35.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,337 shares of the solar cell manufacturer’s stock after selling 4,009 shares during the period. Texas Permanent School Fund Corp’s holdings in First Solar were worth $1,215,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Harvest Portfolios Group Inc. increased its holdings in First Solar by 3.9% during the first quarter. Harvest Portfolios Group Inc. now owns 1,658 shares of the solar cell manufacturer’s stock worth $210,000 after buying an additional 63 shares during the last quarter. Harrington Investments INC grew its position in shares of First Solar by 0.5% in the 2nd quarter. Harrington Investments INC now owns 13,278 shares of the solar cell manufacturer’s stock valued at $2,198,000 after acquiring an additional 65 shares during the period. Penserra Capital Management LLC increased its stake in shares of First Solar by 13.4% during the 2nd quarter. Penserra Capital Management LLC now owns 560 shares of the solar cell manufacturer’s stock worth $92,000 after purchasing an additional 66 shares during the last quarter. Energy Income Partners LLC raised its holdings in shares of First Solar by 0.8% in the 1st quarter. Energy Income Partners LLC now owns 9,257 shares of the solar cell manufacturer’s stock valued at $1,170,000 after purchasing an additional 72 shares during the period. Finally, Hantz Financial Services Inc. raised its holdings in shares of First Solar by 69.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 183 shares of the solar cell manufacturer’s stock valued at $30,000 after purchasing an additional 75 shares during the period. Institutional investors and hedge funds own 92.08% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on FSLR. Deutsche Bank Aktiengesellschaft boosted their price target on First Solar from $225.00 to $255.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. JPMorgan Chase & Co. boosted their target price on First Solar from $278.00 to $303.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Daiwa Capital Markets increased their price target on First Solar from $215.00 to $284.00 and gave the company an “outperform” rating in a research note on Tuesday, December 9th. Royal Bank Of Canada lifted their price objective on shares of First Solar from $201.00 to $244.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. Finally, Needham & Company LLC started coverage on shares of First Solar in a report on Wednesday, October 22nd. They issued a “buy” rating and a $286.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $271.27.

First Solar News Summary

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

• Positive Sentiment: Analyst upgrade pushed FSLR to a new 12‑month high, reinforcing bullish momentum and validating recent gains. Article Title
• Positive Sentiment: Wall Street analysts are broadly optimistic on FSLR, with recent coverage highlighting buy/upgrade interest that can attract inflows and support multiple expansion. Article Title
• Positive Sentiment: Market commentary points to FSLR’s manufacturing expansions and downstream acquisitions as key fundamentals behind the stock’s strong YTD performance, supporting higher valuations. Article Title
• Positive Sentiment: Coverage noting why FSLR shares are soaring highlights bullish investor appetite and momentum flows that can amplify rallies. Article Title
• Positive Sentiment: Partner/deal flow: a report that Eastern International signed a First Solar‑related project (a ~$6M China PV project) suggests ongoing commercial traction in end markets. Article Title
• Neutral Sentiment: Short‑interest data appears effectively nil/erroneous (reports show 0 shares / 0.0 days), implying limited short pressure but also unreliable reporting — a neutral technical factor for now.
• Neutral Sentiment: Analytical deep dives and FAQs (Forbes, Yahoo Finance) are circulating — useful context for investors but not immediate catalysts. Article Title Article Title
• Negative Sentiment: Some outlets note intraday weakness/profit‑taking that has the stock trading lower at times — a reminder that elevated YTD gains make shares susceptible to pullbacks. Article Title

Insider Buying and Selling at First Solar

In related news, Director Paul H. Stebbins sold 7,000 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $262.40, for a total transaction of $1,836,800.00. Following the sale, the director owned 15,287 shares of the company’s stock, valued at $4,011,308.80. This represents a 31.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael T. Sweeney sold 4,500 shares of First Solar stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $271.11, for a total value of $1,219,995.00. Following the completion of the transaction, the director directly owned 13,662 shares of the company’s stock, valued at $3,703,904.82. This represents a 24.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 48,912 shares of company stock valued at $12,971,349 in the last quarter. Company insiders own 0.48% of the company’s stock.

First Solar Stock Performance

Shares of NASDAQ FSLR opened at $272.27 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.91 and a quick ratio of 1.55. The firm has a market cap of $29.22 billion, a price-to-earnings ratio of 20.91, a P/E/G ratio of 0.53 and a beta of 1.59. The stock’s fifty day moving average price is $256.38 and its two-hundred day moving average price is $213.46. First Solar, Inc. has a one year low of $116.56 and a one year high of $285.99.

First Solar (NASDAQ:FSLR) last posted its earnings results on Thursday, October 30th. The solar cell manufacturer reported $4.24 earnings per share for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.08). First Solar had a return on equity of 16.61% and a net margin of 27.73%.The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same period in the prior year, the business posted $2.91 EPS. The firm’s quarterly revenue was up 79.7% compared to the same quarter last year. First Solar has set its FY 2025 guidance at 14.000-15.000 EPS. On average, equities analysts forecast that First Solar, Inc. will post 13.05 EPS for the current year.

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.