NewEdge Wealth LLC Buys Shares of 4,792 First Solar, Inc. $FSLR

NewEdge Wealth LLC purchased a new position in shares of First Solar, Inc. (NASDAQ:FSLR) in the second quarter, Holdings Channel reports. The fund purchased 4,792 shares of the solar cell manufacturer’s stock, valued at approximately $1,131,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Compass Wealth Management LLC bought a new stake in shares of First Solar during the second quarter valued at about $363,000. Danske Bank A S acquired a new position in First Solar during the 2nd quarter valued at about $21,843,000. Wealthfront Advisers LLC acquired a new position in First Solar during the 2nd quarter valued at about $3,690,000. Figure 8 Investment Strategies LLC bought a new stake in shares of First Solar during the 2nd quarter worth about $1,908,000. Finally, M. Kulyk & Associates LLC bought a new stake in shares of First Solar during the 2nd quarter worth about $3,016,000. Institutional investors own 92.08% of the company’s stock.

First Solar Trading Up 0.1%

NASDAQ:FSLR opened at $214.28 on Friday. The company has a 50-day moving average of $228.86 and a 200-day moving average of $224.26. The firm has a market cap of $23.03 billion, a price-to-earnings ratio of 13.21, a price-to-earnings-growth ratio of 0.47 and a beta of 1.75. First Solar, Inc. has a twelve month low of $182.99 and a twelve month high of $320.95.

First Solar (NASDAQ:FSLR) last released its earnings results on Thursday, July 30th. The solar cell manufacturer reported $3.92 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $1.02. First Solar had a net margin of 32.47% and a return on equity of 18.02%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the firm earned $3.18 EPS. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, research analysts forecast that First Solar, Inc. will post 17.72 earnings per share for the current year.

Insider Transactions at First Solar

In other news, insider Michael Koralewski sold 7,000 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $221.51, for a total transaction of $1,550,570.00. Following the completion of the sale, the insider owned 7,642 shares in the company, valued at approximately $1,692,779.42. This represents a 47.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Samantha L. Sloan sold 127 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $222.95, for a total value of $28,314.65. Following the sale, the executive vice president directly owned 2,018 shares of the company’s stock, valued at approximately $449,913.10. This represents a 5.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 25,709 shares of company stock valued at $6,386,163 in the last 90 days. 0.39% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Roth Capital reiterated a “buy” rating and issued a $300.00 price objective on shares of First Solar in a report on Friday, July 24th. Truist Financial reissued a “hold” rating and set a $229.00 target price (down from $249.00) on shares of First Solar in a report on Friday, July 31st. Morgan Stanley upped their target price on First Solar from $245.00 to $323.00 and gave the stock an “overweight” rating in a research report on Tuesday. Barclays increased their price target on First Solar from $213.00 to $279.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Finally, Citigroup lifted their price target on First Solar from $294.00 to $297.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, First Solar currently has a consensus rating of “Moderate Buy” and an average target price of $264.44.

Key First Solar News

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

• Positive Sentiment: First Solar could benefit competitively as a wave of bankruptcies pressures weaker solar-sector companies, potentially improving its relative market position and customer opportunities. First Solar stands to gain as bankruptcy wave hits solar sector
• Neutral Sentiment: The securities class action covers investors who purchased First Solar shares between February 26, 2025, and February 24, 2026. Investors have been urged to seek lead-plaintiff status by August 24. The deadline notices from Kaplan Fox, Pomerantz, Faruqi & Faruqi, Rosen, SBS, DJS and other firms largely repeat the same information and do not represent a new operating announcement by First Solar. Kaplan Fox class action deadline notice
• Negative Sentiment: The lawsuit alleges that First Solar and certain officers violated federal securities laws by making misleading statements or omissions. Reported areas of investor concern include underutilization in Series 6 module production and costly challenges associated with expanding domestic manufacturing operations in South Carolina. If the case advances, it could create legal costs, potential damages and reputational risk for First Solar. SueWallSt First Solar class action allegations

First Solar 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.