First Solar, Inc. $FSLR Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC increased its stake in First Solar, Inc. (NASDAQ:FSLR) by 19.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,404 shares of the solar cell manufacturer’s stock after purchasing an additional 3,026 shares during the quarter. Janus Henderson Group PLC’s holdings in First Solar were worth $3,629,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FSLR. Centaurus Financial Inc. increased its stake in First Solar by 303.1% during the 1st quarter. Centaurus Financial Inc. now owns 4,611 shares of the solar cell manufacturer’s stock valued at $910,000 after buying an additional 3,467 shares during the period. Altshuler Shaham Ltd boosted its holdings in shares of First Solar by 10.8% in the first quarter. Altshuler Shaham Ltd now owns 10,485 shares of the solar cell manufacturer’s stock valued at $2,068,000 after acquiring an additional 1,025 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of First Solar by 17.7% in the first quarter. EverSource Wealth Advisors LLC now owns 672 shares of the solar cell manufacturer’s stock valued at $133,000 after acquiring an additional 101 shares in the last quarter. Rithm Capital Corp. increased its stake in shares of First Solar by 12.5% during the first quarter. Rithm Capital Corp. now owns 4,500 shares of the solar cell manufacturer’s stock valued at $888,000 after acquiring an additional 500 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of First Solar by 351.8% during the first quarter. Empowered Funds LLC now owns 73,404 shares of the solar cell manufacturer’s stock valued at $14,480,000 after acquiring an additional 57,158 shares during the period. Institutional investors own 92.08% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Evercore upped their target price on First Solar from $212.00 to $219.00 in a research report on Monday, May 4th. Truist Financial reissued a “hold” rating and issued a $229.00 price objective (down from $249.00) on shares of First Solar in a research note on Friday, July 31st. Guggenheim upped their price objective on First Solar from $279.00 to $282.00 and gave the company a “buy” rating in a report on Monday, August 3rd. The Goldman Sachs Group raised their target price on First Solar from $300.00 to $310.00 in a research note on Friday, May 1st. Finally, Jefferies Financial Group set a $196.00 price target on shares of First Solar in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, twenty have given 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, First Solar currently has an average rating of “Moderate Buy” and a consensus target price of $254.89.

More First Solar News

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

• Positive Sentiment: The Trump administration imposed a 15% tariff and minimum import-price requirements on polysilicon and downstream products under Section 232. The policy, scheduled to take effect December 4, could reduce low-cost Chinese competition and support pricing for U.S. solar manufacturers. Solar stocks shine after Trump extends China tariffs to polysilicon products
• Positive Sentiment: First Solar publicly supported the action, saying it could help loosen China’s control of a critical solar-material supply chain. Chinese producers reportedly account for more than 90% of global polysilicon supply. First Solar applauds Section 232 action
• Positive Sentiment: Wells Fargo raised its price target from $300 to $313 and maintained an overweight rating, saying the trade action could benefit First Solar more than previously expected. HSBC also upgraded the stock from hold to buy, reinforcing improving analyst sentiment. First Solar clears aggressive buy point
• Neutral Sentiment: The company’s earlier quarterly earnings beat remains a supportive backdrop: First Solar reported $3.92 in earnings per share versus the $2.90 consensus estimate, although revenue declined 3.4% year over year. Its contracted backlog and domestic capacity expansion provide longer-term visibility, but investors remain focused on earnings durability.
• Negative Sentiment: Several law firms are promoting a securities class action against First Solar and certain executives concerning alleged disclosures about production underutilization, South Carolina onshoring costs and related risks. The allegations remain unproven, but the August 24 lead-plaintiff deadline adds legal and reputational uncertainty. Pomerantz class action announcement

First Solar Stock Performance

Shares of NASDAQ:FSLR opened at $250.05 on Friday. The company has a market capitalization of $26.87 billion, a PE ratio of 15.42, a price-to-earnings-growth ratio of 0.53 and a beta of 1.75. The stock has a fifty day moving average of $241.00 and a 200-day moving average of $225.26. First Solar, Inc. has a one year low of $176.47 and a one year high of $320.95.

First Solar (NASDAQ:FSLR) last announced its earnings results on Thursday, July 30th. The solar cell manufacturer reported $3.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.90 by $1.02. First Solar had a return on equity of 18.02% and a net margin of 32.47%.The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the firm earned $3.18 earnings per share. First Solar’s revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, research analysts forecast that First Solar, Inc. will post 17.75 EPS for the current fiscal year.

Insider Activity

In other First Solar news, CEO Mark R. Widmar sold 4,815 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $247.43, for a total transaction of $1,191,375.45. Following the completion of the sale, the chief executive officer directly owned 89,033 shares of the company’s stock, valued at approximately $22,029,435.19. This represents a 5.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kuntal Kumar Verma sold 582 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was 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. The trade was a 10.49% 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. In the last quarter, insiders have sold 38,505 shares of company stock worth $9,398,886. 0.39% of the stock is owned by company insiders.

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.