Castleark Management LLC Buys Shares of 3,660 First Solar, Inc. $FSLR

Castleark Management LLC bought a new position in First Solar, Inc. (NASDAQ:FSLR) during the second quarter, HoldingsChannel reports. The fund bought 3,660 shares of the solar cell manufacturer’s stock, valued at approximately $864,000.

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

First Solar Trading Down 0.4%

Shares of NASDAQ:FSLR opened at $205.93 on Thursday. The company has a market capitalization of $22.13 billion, a PE ratio of 12.70, a P/E/G ratio of 0.45 and a beta of 1.75. First Solar, Inc. has a 12-month low of $182.99 and a 12-month high of $320.95. The business’s fifty day simple moving average is $225.43 and its 200-day simple moving average is $223.58.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings data on Thursday, July 30th. The solar cell manufacturer reported $3.92 earnings per share 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 firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the prior year, the business posted $3.18 EPS. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. Research analysts predict that First Solar, Inc. will post 17.77 EPS for the current year.

Key Headlines Impacting First Solar

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

• Positive Sentiment: Argus reaffirmed its Buy rating and set a $275 price target, implying substantial upside from recent trading levels and signaling confidence in First Solar’s valuation and outlook. Benzinga rating report
• Positive Sentiment: Potential U.S. government support could benefit First Solar. New Section 232 tariffs on polysilicon imports may encourage additional domestic-solar investment, including the possibility of government-backed equity arrangements modeled on the Intel deal. However, no such investment in First Solar has been confirmed. Trump solar tariffs article
• Positive Sentiment: Value-focused coverage remains supportive. Zacks identified FSLR as a highly ranked value stock, potentially attracting investors seeking comparatively inexpensive solar exposure. Zacks value-stock article
• Neutral Sentiment: Jim Cramer discussed First Solar alongside several other stocks, but the report provided no specific new recommendation or fundamental update for FSLR. Jim Cramer stock discussion
• Neutral Sentiment: Reported short-interest data showed zero shares and zero days to cover, making the figures unreliable or non-informative for trading analysis.
• Negative Sentiment: New FCC restrictions on foreign inverters are favoring SolarEdge more directly, while First Solar and Enphase drifted lower. The policy divergence suggests investors do not view FSLR as a primary beneficiary of the inverter-related rule change. SolarEdge and inverter import curbs article
• Negative Sentiment: Two law firms announced investigations or investor solicitations involving First Solar. These notices can weigh on sentiment by raising concerns about potential shareholder litigation, although they do not establish wrongdoing or financial liability. First Solar investor alert

Insider Activity

In other First Solar news, CTO Markus Gloeckler sold 3,425 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $218.95, for a total value of $749,903.75. Following the completion of the sale, the chief technology officer directly owned 7,471 shares in the company, valued at $1,635,775.45. This trade represents a 31.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Jason E. Dymbort sold 3,700 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $249.38, for a total value of $922,706.00. Following the sale, the general counsel owned 5,624 shares of the company’s stock, valued at approximately $1,402,513.12. This represents a 39.68% decrease in their position. 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 sold 15,081 shares of company stock worth $3,457,086 in the last quarter. 0.39% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FSLR. Sanford C. Bernstein dropped their target price on First Solar from $217.00 to $197.00 and set an “underperform” rating for the company in a report on Friday, July 31st. UBS Group lifted their price objective on shares of First Solar from $290.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Freedom Capital raised shares of First Solar from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. The Goldman Sachs Group lifted their price target on shares of First Solar from $300.00 to $310.00 in a research note on Friday, May 1st. Finally, Argus reiterated a “buy” rating and issued a $275.00 price target on shares of First Solar in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $265.37.

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.