Independent Financial Group LLC Buys New Position in First Solar, Inc. $FSLR

Independent Financial Group LLC purchased a new stake in First Solar, Inc. (NASDAQ:FSLR) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,903 shares of the solar cell manufacturer’s stock, valued at approximately $1,164,000.

Several other large investors have also bought and sold shares of the stock. Aventura Private Wealth LLC purchased a new position in First Solar during the 4th quarter worth $25,000. Commonwealth Retirement Investments LLC bought a new stake in shares of First Solar in the 4th quarter worth $26,000. Reflection Asset Management purchased a new stake in shares of First Solar in the fourth quarter valued at about $26,000. Strategic Wealth Investment Group LLC purchased a new stake in shares of First Solar in the second quarter valued at about $26,000. Finally, Larson Financial Group LLC lifted its position in shares of First Solar by 117.0% during the fourth quarter. Larson Financial Group LLC now owns 102 shares of the solar cell manufacturer’s stock valued at $27,000 after purchasing an additional 55 shares in the last quarter. 92.08% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on FSLR. The Goldman Sachs Group upped their price objective on shares of First Solar from $300.00 to $310.00 in a research report on Friday, May 1st. HSBC lifted their target price on shares of First Solar from $211.00 to $231.00 and gave the stock a “hold” rating in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft raised First Solar from a “hold” rating to a “buy” rating and upped their target price for the company from $245.00 to $272.00 in a report on Monday, July 6th. BMO Capital Markets decreased their price target on 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, Wells Fargo & Company boosted their price objective on First Solar from $255.00 to $320.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $256.41.

First Solar Trading Down 3.2%

NASDAQ:FSLR opened at $205.31 on Tuesday. First Solar, Inc. has a 12 month low of $171.99 and a 12 month 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 firm’s 50 day moving average is $250.67 and its 200 day moving average is $228.33. The stock has a market capitalization of $22.06 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 0.47 and a beta of 1.73.

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

Key First Solar News

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

• Negative Sentiment: Multiple law firms, including Rosen, Faruqi & Faruqi, Glancy Prongay Wolke & Rotter, Kaplan Fox, and Bronstein, Gewirtz & Grossman, issued reminders about the Aug. 24, 2026 lead-plaintiff deadline in a filed class action against First Solar, which keeps legal overhang front and center for shareholders.
• Negative Sentiment: Levi & Korsinsky said the case focuses on alleged misrepresentations about Series 6 module production underutilization and the challenges of onshoring operations to South Carolina, adding to concerns about operational execution and disclosure risk.
• Neutral Sentiment: Several market-related articles also highlighted First Solar as a notable solar/green-energy name, but these pieces were broad industry commentary rather than company-specific catalysts.
• Neutral Sentiment: BMO Capital reportedly kept a Hold rating on First Solar, suggesting analysts remain cautious but not outright bearish on the stock.

Insider Activity

In other news, insider Caroline Stockdale sold 10,628 shares of the stock in a transaction on 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 completion of the transaction, the insider owned 23,792 shares in the company, valued at approximately $6,557,075.20. This represents a 30.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Alexander R. Bradley sold 498 shares of First Solar stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $215.63, for a total value of $107,383.74. Following the completion of the sale, the chief financial officer directly owned 30,712 shares of the company’s stock, valued at approximately $6,622,428.56. This trade represents a 1.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 31,893 shares of company stock worth $7,893,775. 0.39% of the stock is owned by company insiders.

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.