101,500 Shares in First Solar, Inc. $FSLR Bought by Renaissance Technologies LLC

Renaissance Technologies LLC purchased a new position in First Solar, Inc. (NASDAQ:FSLR) in the 1st quarter, Holdings Channel.com reports. The fund purchased 101,500 shares of the solar cell manufacturer’s stock, valued at approximately $20,022,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Reflection Asset Management bought a new stake in shares of First Solar in the 4th quarter valued at about $26,000. Commonwealth Retirement Investments LLC bought a new position in First Solar during the 4th quarter worth approximately $26,000. Larson Financial Group LLC grew its position in First Solar by 117.0% during the 4th quarter. Larson Financial Group LLC now owns 102 shares of the solar cell manufacturer’s stock worth $27,000 after acquiring an additional 55 shares during the last quarter. Elyxium Wealth LLC purchased a new position in First Solar in the 4th quarter worth approximately $30,000. Finally, MV Capital Management Inc. purchased a new position in First Solar in the 4th quarter worth approximately $30,000. 92.08% of the stock is owned by institutional investors.

First Solar Price Performance

Shares of FSLR stock opened at $206.01 on Friday. The stock has a market cap of $22.14 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 0.44 and a beta of 1.73. The business’s fifty day moving average is $246.02 and its 200 day moving average is $225.33. First Solar, Inc. has a twelve month low of $171.99 and a twelve month high of $320.95. 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 announced its quarterly earnings data on Thursday, July 30th. The solar cell manufacturer reported $3.92 EPS for the quarter, beating the consensus estimate of $2.99 by $0.93. First Solar had a return on equity of 18.01% and a net margin of 30.73%.The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the firm posted $3.18 earnings per share. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. Research analysts expect that First Solar, Inc. will post 17.54 EPS for the current fiscal year.

First Solar News Summary

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

• Positive Sentiment: First Solar reported second-quarter diluted EPS of $3.92, well above analyst estimates of roughly $2.74–$2.90 and up from $3.18 a year earlier. Adjusted EBITDA also increased to $644 million from $560 million. First Solar Beats Q2 Earnings Estimates
• Positive Sentiment: The company reaffirmed its 2026 net sales guidance of $4.9 billion to $5.2 billion and maintained expectations for third-quarter module sales of 3.9 GW to 4.5 GW and adjusted EBITDA of $625 million to $775 million. First Solar Second Quarter Results
• Positive Sentiment: First Solar ended the quarter with approximately $1.7 billion in gross and net cash and a contracted sales backlog of 45.1 GW, supporting long-term revenue visibility. First Solar Q2 Revenue and Profit
• Neutral Sentiment: Quarterly revenue totaled $1.06 billion, essentially matching estimates but declining about 4% year over year. Full-year guidance has a midpoint of $5.05 billion, slightly below the approximately $5.1 billion analyst consensus. First Solar Misses Q2 Revenue Estimates
• Negative Sentiment: Customer contract terminations reduced revenue and offset higher third-party module sales, highlighting continued execution and demand risks despite the sizable backlog. First Solar Sales Fall on Contract Cancellations
• Negative Sentiment: Several law firms publicized a pending securities class action alleging misleading statements about tariff impacts and international production challenges. The allegations remain unresolved, but the litigation adds headline and potential financial risk. First Solar Shareholder Action Reminder

Insider Activity at First Solar

In other First Solar news, insider Kuntal Kumar Verma sold 582 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $250.00, for a total transaction of $145,500.00. Following the completion of the transaction, the insider owned 4,967 shares of the company’s stock, valued at approximately $1,241,750. This trade represents a 10.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 that occurred on 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 sale, the insider directly owned 23,792 shares in the company, valued at approximately $6,557,075.20. This represents a 30.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 31,893 shares of company stock worth $7,893,775 over the last 90 days. 0.39% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Weiss Ratings raised First Solar from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 25th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $207.00 target price on shares of First Solar in a research note on Tuesday, July 21st. Guggenheim upped their price target on shares of First Solar from $269.00 to $279.00 and gave the company a “buy” rating in a report on Thursday, May 21st. BMO Capital Markets dropped their price target on shares of First Solar from $252.00 to $237.00 and set a “market perform” rating for the company in a research report on Monday, April 20th. Finally, Mizuho raised their price target on shares of First Solar from $243.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twelve have issued 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 a consensus target price of $257.10.

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.