First Solar, Inc. (NASDAQ:FSLR – Get Free Report) 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 transaction of $749,903.75. Following the completion of the sale, the chief technology officer owned 7,471 shares in the company, valued at $1,635,775.45. This represents a 31.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Markus Gloeckler also recently made the following trade(s):
- On Tuesday, August 4th, Markus Gloeckler sold 829 shares of First Solar stock. The stock was sold at an average price of $248.00, for a total transaction of $205,592.00.
First Solar Stock Performance
Shares of FSLR traded down $6.83 during trading hours on Wednesday, reaching $236.80. The stock had a trading volume of 3,235,051 shares, compared to its average volume of 2,403,244. First Solar, Inc. has a 12 month low of $176.47 and a 12 month high of $320.95. The stock has a market capitalization of $25.44 billion, a PE ratio of 14.60, a PEG ratio of 0.51 and a beta of 1.75. The company’s 50-day moving average is $244.06 and its two-hundred day moving average is $225.13.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on FSLR. Jefferies Financial Group set a $196.00 price objective on First Solar in a research note on Monday. Roth Capital reissued a “buy” rating and set a $300.00 target price on shares of First Solar in a report on Friday, July 24th. BMO Capital Markets decreased their price target on shares of 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. Evercore upped their price target on shares of First Solar from $212.00 to $219.00 in a research report on Monday, May 4th. Finally, Susquehanna raised their price target on shares of First Solar from $250.00 to $270.00 and gave the company a “positive” rating in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, First Solar currently has a consensus rating of “Moderate Buy” and an average target price of $254.44.
Check Out Our Latest Stock Analysis on FSLR
Hedge Funds Weigh In On First Solar
A number of hedge funds have recently made changes to their positions in FSLR. Reflection Asset Management acquired a new position in shares of First Solar in the fourth quarter worth approximately $26,000. Commonwealth Retirement Investments LLC acquired a new stake in First Solar during the 4th quarter valued at approximately $26,000. Larson Financial Group LLC raised its holdings in First Solar by 117.0% during the 4th quarter. Larson Financial Group LLC now owns 102 shares of the solar cell manufacturer’s stock worth $27,000 after purchasing an additional 55 shares during the last quarter. Elyxium Wealth LLC bought a new position in First Solar during the 4th quarter worth approximately $30,000. Finally, MV Capital Management Inc. bought a new position in First Solar during the 4th quarter worth approximately $30,000. 92.08% of the stock is currently owned by institutional investors.
Key First Solar News
Here are the key news stories impacting First Solar this week:
- Positive Sentiment: First Solar’s second-quarter earnings beat and reaffirmed outlook remain supportive. The company previously reported adjusted EPS of $3.92 versus the $2.90 consensus, while revenue was broadly in line with expectations. Analysts also continue to highlight the company’s contracted backlog and potential undervaluation. 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, potentially benefiting First Solar’s domestic production footprint. Solar Stocks Rally on Potential Pro-Solar Policy
- Positive Sentiment: Recent reports of heavy First Solar call-option buying and a Guggenheim analyst’s positive price outlook indicate continued bullish positioning among some traders and analysts. First Solar Stock Price Expected to Rise, Guggenheim Analyst Says
- Neutral Sentiment: SolarEdge’s earnings beat and stronger European and battery demand are drawing attention to the broader solar sector, but its sharp post-earnings reversal underscores the volatility and uncertain sentiment affecting solar-equipment stocks. SolarEdge Technologies’ Q2 Earnings Top Estimates
- Negative Sentiment: Several law firms are publicizing a securities class action against First Solar and certain officers. The complaints allege that the company inadequately disclosed tariff risks, Series 6 module underutilization and challenges related to expanding South Carolina operations. The allegations have not been proven, but the legal overhang may pressure the stock and raise concerns about potential costs or reputational damage. Investors in the stated February 26, 2025–February 24, 2026 class period face an August 24 lead-plaintiff deadline. First Solar Class Action Filed Alleging Investor Harm
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.
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