Glenmede Trust Co. NA Buys 4,980 Shares of First Solar, Inc. $FSLR

Glenmede Trust Co. NA increased its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 113.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 9,386 shares of the solar cell manufacturer’s stock after acquiring an additional 4,980 shares during the period. Glenmede Trust Co. NA’s holdings in First Solar were worth $1,851,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Pictet Asset Management Holding SA grew its position in shares of First Solar by 29.3% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,138,473 shares of the solar cell manufacturer’s stock worth $224,540,000 after buying an additional 258,204 shares during the period. Atlatl Advisers LLC acquired a new position in First Solar in the fourth quarter valued at approximately $1,697,000. Northwestern Mutual Wealth Management Co. boosted its stake in First Solar by 1,054.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 52,219 shares of the solar cell manufacturer’s stock valued at $13,641,000 after acquiring an additional 47,695 shares during the last quarter. Genus Capital Management Inc. bought a new position in First Solar in the fourth quarter valued at approximately $4,525,000. Finally, TABR Capital Management LLC bought a new position in First Solar in the fourth quarter valued at approximately $5,626,000. Institutional investors and hedge funds own 92.08% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on FSLR shares. TD Cowen restated a “buy” rating on shares of First Solar in a research report on Monday, July 20th. Oppenheimer restated a “market perform” rating on shares of First Solar in a research report on Friday, July 31st. Freedom Capital raised First Solar from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. UBS Group lifted their target price on First Solar from $290.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Finally, Citigroup raised their price target on First Solar from $294.00 to $297.00 and gave the stock a “buy” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $254.44.

Insider Activity at First Solar

In other First Solar news, insider Caroline Stockdale sold 10,628 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $275.60, for a total transaction of $2,929,076.80. Following the sale, the insider directly owned 23,792 shares of the company’s stock, valued at $6,557,075.20. The trade was a 30.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Markus Gloeckler sold 3,425 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $218.95, for a total transaction of $749,903.75. Following the transaction, the chief technology officer owned 7,471 shares of the company’s stock, valued at approximately $1,635,775.45. This represents a 31.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 38,505 shares of company stock worth $9,398,886. 0.39% of the stock is currently owned by corporate insiders.

Key Headlines Impacting First Solar

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

• Positive Sentiment: First Solar’s quarterly results exceeded expectations, with earnings per share of $3.92 versus the $2.90 consensus estimate. Revenue was approximately $1.06 billion, and management reaffirmed its outlook, supporting confidence in execution and the company’s contracted backlog. ETFs in Spotlight as First Solar Shares Jump Post Q2 Earnings Beat
• Positive Sentiment: Reports that the Trump administration may consider tariffs or a price floor for solar-panel raw materials have boosted expectations for stronger protection of U.S. manufacturers, a potential benefit to First Solar’s domestic production and pricing. Solar Policy Reports
• Positive Sentiment: Analyst optimism and substantial call-option activity indicate that some market participants continue to expect additional upside, supported by First Solar’s reported 45-gigawatt backlog and long-term growth prospects. First Solar Stock Price Expected to Rise
• Neutral Sentiment: A valuation analysis argues that FSLR may still trade below estimated intrinsic value, though such projections depend heavily on future earnings, backlog conversion and industry conditions. Is First Solar Still Reasonable After Its 45 GW Backlog?
• Negative Sentiment: Several law firms publicized a securities class action alleging that First Solar and certain officers inadequately disclosed Series 6 production underutilization, South Carolina onshoring costs and related business risks. The August 24 lead-plaintiff deadline is keeping the allegations in focus, although the claims have not been proven. Pomerantz Class Action Announcement
• Negative Sentiment: Two executives, including CTO Markus Gloeckler, sold shares under pre-arranged Rule 10b5-1 plans. While scheduled sales do not necessarily signal deteriorating fundamentals, the reduction in their holdings may add short-term investor caution.

First Solar Price Performance

FSLR opened at $236.80 on Thursday. The company has a market capitalization of $25.44 billion, a price-to-earnings ratio of 14.60, a P/E/G ratio of 0.53 and a beta of 1.75. The business’s 50-day moving average price is $243.32 and its two-hundred day moving average price is $225.08. First Solar, Inc. has a 1 year low of $176.47 and a 1 year high of $320.95.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings data 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 business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the company earned $3.18 earnings per share. First Solar’s quarterly revenue was down 3.4% on a year-over-year basis. Sell-side analysts anticipate that First Solar, Inc. will post 17.74 earnings per share for the current fiscal year.

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.