Courier Capital LLC Acquires 11,926 Shares of First Solar, Inc. $FSLR

Courier Capital LLC boosted its holdings in First Solar, Inc. (NASDAQ:FSLR) by 102.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 23,602 shares of the solar cell manufacturer’s stock after acquiring an additional 11,926 shares during the period. Courier Capital LLC’s holdings in First Solar were worth $4,134,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in FSLR. BlackRock Inc. acquired a new position in First Solar during the second quarter worth about $3,310,298,000. Hill City Capital LP purchased a new position in shares of First Solar during the 2nd quarter worth approximately $620,133,555. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of First Solar by 7.0% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,535,836 shares of the solar cell manufacturer’s stock worth $362,396,000 after purchasing an additional 100,694 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of First Solar by 4.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,305,471 shares of the solar cell manufacturer’s stock worth $257,441,000 after purchasing an additional 56,300 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised 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 purchasing an additional 258,204 shares during the last quarter. 92.08% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other First Solar news, insider Michael Koralewski sold 7,000 shares of First Solar stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $221.51, for a total value of $1,550,570.00. Following the completion of the sale, the insider owned 7,642 shares in the company, valued at $1,692,779.42. The trade was a 47.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Jason Dymbort sold 3,700 shares of First Solar stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $249.38, for a total value of $922,706.00. Following the completion of the sale, the general counsel owned 5,624 shares of the company’s stock, valued at $1,402,513.12. This trade represents a 39.68% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 16,681 shares of company stock valued at $3,756,286 in the last quarter. Corporate insiders own 0.39% of the company’s stock.

First Solar Stock Up 3.8%

Shares of FSLR stock traded up $6.88 during mid-day trading on Tuesday, hitting $186.60. 2,421,534 shares of the company’s stock were exchanged, compared to its average volume of 2,369,106. The stock has a market cap of $20.05 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 0.48 and a beta of 1.80. First Solar, Inc. has a fifty-two week low of $168.60 and a fifty-two week high of $320.95. The stock has a 50-day simple moving average of $203.85 and a two-hundred day simple moving average of $219.47.

First Solar (NASDAQ:FSLR) last released its earnings results on Thursday, July 30th. The solar cell manufacturer reported $3.92 EPS for the quarter, beating the consensus estimate of $2.90 by $1.02. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.06 billion. First Solar had a return on equity of 18.02% and a net margin of 32.47%. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.18 earnings per share. As a group, analysts anticipate that First Solar, Inc. will post 17.68 earnings per share for the current fiscal year.

Trending Headlines about First Solar

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

• Positive Sentiment: Truist upgraded First Solar to Buy and raised its price target to $270 from $229, implying substantial upside from recent levels. Analyst Christopher Souther cited stronger expected U.S. module pricing, raising his 2029 average selling price estimate by 17% and seeing a more supportive pricing backdrop into the 2030s. This Analyst Just Upgraded First Solar Stock
• Positive Sentiment: A Section 232 trade decision establishing a floor for imported panel pricing could improve First Solar’s competitive position by reducing pricing pressure from lower-cost foreign suppliers. The policy is viewed as more favorable for First Solar than for some other solar manufacturers. First Solar Climbs as Truist Buy Call and Tariff Policy Support Pricing
• Positive Sentiment: Options activity was unusually strong, with traders purchasing 48,646 call options—about 97% above typical volume. This indicates increased bullish speculation, although options activity does not guarantee sustained share-price gains.
• Neutral Sentiment: Investors are also positioning for First Solar’s upcoming third-quarter earnings report. Analysts expect high-single-digit earnings growth, but the results and management’s outlook will be needed to confirm the improved pricing thesis. Earnings Preview: What to Expect From First Solar’s Report
• Negative Sentiment: Morningstar lowered its fair-value estimate to $191, citing the potential expiration of tax benefits and continuing competition. The firm acknowledged rising electricity demand from artificial-intelligence infrastructure but warned that policy support remains a key risk. FSLR Stock Slips Overnight as Tax Credits Face a Test

Wall Street Analysts Forecast Growth

FSLR has been the topic of a number of recent research reports. HSBC raised First Solar from a “hold” rating to a “buy” rating in a research note on Friday, August 7th. Piper Sandler lowered their target price on First Solar from $260.00 to $251.00 and set an “overweight” rating on the stock in a report on Wednesday, September 30th. Jefferies Financial Group set a $196.00 price target on First Solar in a research report on Monday, August 3rd. Weiss Ratings raised First Solar from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. Finally, Morgan Stanley upped their price objective on First Solar from $245.00 to $323.00 and gave the company an “overweight” rating in a research report on Tuesday, August 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $266.33.

About First Solar

First Solar, Inc is a solar technology and manufacturing company that designs and produces photovoltaic (PV) solar modules for utility-scale power projects. Unlike conventional crystalline-silicon panels, its modules use thin-film semiconductor technology based on cadmium telluride (CdTe), which the company says can provide advantages in energy yield, temperature performance and lifecycle sustainability.

The company’s product portfolio includes its Series 6 and Series 7 thin-film solar modules, along with related services such as technical support, module recycling and end-of-life collection.