Sierra Summit Advisors LLC Sells 51,226 Shares of First Solar, Inc. $FSLR

Sierra Summit Advisors LLC trimmed its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 86.5% in the first quarter, Holdings Channel.com reports. The firm owned 7,962 shares of the solar cell manufacturer’s stock after selling 51,226 shares during the quarter. Sierra Summit Advisors LLC’s holdings in First Solar were worth $1,571,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FSLR. Aventura Private Wealth LLC bought a new stake in shares of First Solar during the fourth quarter worth $25,000. Reflection Asset Management bought a new position in shares of First Solar in the 4th quarter valued at $26,000. Commonwealth Retirement Investments LLC bought a new position in shares of First Solar in the 4th quarter valued at $26,000. Larson Financial Group LLC boosted its holdings in shares of First Solar by 117.0% during the 4th quarter. Larson Financial Group LLC now owns 102 shares of the solar cell manufacturer’s stock valued at $27,000 after acquiring an additional 55 shares in the last quarter. Finally, Elyxium Wealth LLC acquired a new stake in shares of First Solar during the 4th quarter valued at $30,000. Institutional investors own 92.08% of the company’s stock.

Trending Headlines about First Solar

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

• Negative Sentiment: Multiple law firms, including Rosen, Pomerantz, Bronstein Gewirtz & Grossman, Faruqi & Faruqi, Levi & Korsinsky, and Howard G. Smith, announced or reminded investors about the First Solar securities class action and the August 24, 2026 lead-plaintiff deadline, signaling ongoing legal overhang for the stock. Article: ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages First Solar, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – FSLR
• Negative Sentiment: The newly filed class action alleges federal securities law violations by First Solar and certain officers, which could raise legal expenses and create uncertainty around management and disclosures. Article: Pomerantz Law Firm Announces the Filing of a Class Action Against First Solar, Inc. and Certain Officers – FSLR
• Neutral Sentiment: First Solar continues to draw market attention as a trending stock, while other commentary points to the company’s thin-film manufacturing expansion and module recycling strategy, which may support the long-term investment case but do not appear to be the main driver of today’s move. Article: How Is First Solar Strengthening Its Module Recycling Leadership?

Insider Buying and Selling at First Solar

In related news, CFO Alexander R. Bradley sold 498 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $215.63, for a total value of $107,383.74. Following the transaction, the chief financial officer owned 30,712 shares in the company, valued at $6,622,428.56. The trade was a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 dated Thursday, May 28th. The stock was sold at an average price of $275.60, for a total value of $2,929,076.80. Following the completion of the transaction, the insider directly owned 23,792 shares of the company’s stock, valued at approximately $6,557,075.20. This trade represents a 30.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 32,466 shares of company stock valued at $8,014,105 over the last three months. 0.39% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on FSLR shares. The Goldman Sachs Group boosted their price objective on First Solar from $300.00 to $310.00 in a research report on Friday, May 1st. UBS Group lifted their price target on First Solar from $290.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Argus boosted their price target on First Solar from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. BMO Capital Markets dropped their price objective on shares of First Solar from $252.00 to $237.00 and set a “market perform” rating for the company in a report on Monday, April 20th. Finally, Jefferies Financial Group reduced their target price on shares of First Solar from $205.00 to $187.00 and set a “hold” rating on the stock in a report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $249.78.

First Solar Trading Down 3.2%

Shares of FSLR stock opened at $224.57 on Friday. First Solar, Inc. has a 1-year low of $159.85 and a 1-year 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. The stock has a market cap of $24.13 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 0.51 and a beta of 1.73. The stock has a 50-day moving average of $246.84 and a 200-day moving average of $232.12.

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, topping analysts’ consensus estimates of $2.87 by $0.35. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. First Solar had a return on equity of 18.01% and a net margin of 30.73%.The firm’s quarterly revenue was up 23.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.95 earnings per share. On average, equities research analysts forecast that First Solar, Inc. will post 17.61 earnings per share for the current year.

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.