Corient Private Wealth LLC Raises Stock Position in First Solar, Inc. $FSLR

Corient Private Wealth LLC lifted its stake in First Solar, Inc. (NASDAQ:FSLR) by 39.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,193 shares of the solar cell manufacturer’s stock after purchasing an additional 3,452 shares during the period. Corient Private Wealth LLC’s holdings in First Solar were worth $2,018,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in First Solar by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 13,257,849 shares of the solar cell manufacturer’s stock valued at $2,194,704,000 after acquiring an additional 57,507 shares in the last quarter. State Street Corp lifted its stake in shares of First Solar by 2.1% in the 2nd quarter. State Street Corp now owns 5,326,082 shares of the solar cell manufacturer’s stock valued at $881,680,000 after purchasing an additional 111,927 shares during the period. Geode Capital Management LLC lifted its stake in shares of First Solar by 0.9% in the 2nd quarter. Geode Capital Management LLC now owns 2,857,848 shares of the solar cell manufacturer’s stock valued at $471,927,000 after purchasing an additional 26,476 shares during the period. Viking Global Investors LP boosted its position in shares of First Solar by 60.6% during the second quarter. Viking Global Investors LP now owns 2,266,050 shares of the solar cell manufacturer’s stock valued at $375,122,000 after purchasing an additional 854,919 shares in the last quarter. Finally, Samlyn Capital LLC grew its stake in First Solar by 6.3% in the first quarter. Samlyn Capital LLC now owns 1,741,794 shares of the solar cell manufacturer’s stock worth $220,215,000 after purchasing an additional 103,403 shares during the period. Hedge funds and other institutional investors own 92.08% of the company’s stock.

First Solar Trading Down 5.3%

NASDAQ:FSLR opened at $269.39 on Wednesday. The company’s 50 day moving average price is $255.82 and its 200-day moving average price is $213.04. First Solar, Inc. has a 52 week low of $116.56 and a 52 week high of $285.99. The company has a quick ratio of 1.55, a current ratio of 1.91 and a debt-to-equity ratio of 0.03. The stock has a market cap of $28.91 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 0.56 and a beta of 1.59.

First Solar (NASDAQ:FSLR) last released its quarterly earnings data on Thursday, October 30th. The solar cell manufacturer reported $4.24 EPS for the quarter, missing the consensus estimate of $4.32 by ($0.08). First Solar had a net margin of 27.73% and a return on equity of 16.61%. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same period last year, the business earned $2.91 earnings per share. The company’s quarterly revenue was up 79.7% on a year-over-year basis. First Solar has set its FY 2025 guidance at 14.000-15.000 EPS. On average, equities research analysts forecast that First Solar, Inc. will post 13.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FSLR. Deutsche Bank Aktiengesellschaft raised their price objective on First Solar from $225.00 to $255.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Morgan Stanley set a $275.00 price target on shares of First Solar in a research report on Friday, October 31st. Wall Street Zen raised shares of First Solar from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Needham & Company LLC began coverage on shares of First Solar in a research note on Wednesday, October 22nd. They set a “buy” rating and a $286.00 target price for the company. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of First Solar in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, First Solar has a consensus rating of “Moderate Buy” and an average target price of $271.27.

First Solar News Summary

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

• Positive Sentiment: Shares jumped after news that Alphabet is acquiring Intersect Power — a customer of First Solar — which investors view as confirmation of strong demand for large‑scale solar and potential for repeat orders from platform buyers. Why Is First Solar Stock Rising Today?
• Positive Sentiment: Wall Street analyst commentary remains broadly constructive — several broker notes and aggregate analyst sentiment cited by Zacks point to buy/overweight views that support investor confidence and can amplify inflows after positive industry news. Is First Solar (FSLR) a Buy as Wall Street Analysts Look Optimistic?
• Positive Sentiment: Fundamentals remain supportive: coverage highlights attractive financial prospects — strong revenue growth, healthy margins and aggressive FY‑2025 EPS guidance — which underpin medium‑term investor interest despite short‑term volatility. Is First Solar, Inc.’s (NASDAQ:FSLR) Stock’s Recent Performance Being Led By Its Attractive Financial Prospects?
• Neutral Sentiment: Market summaries (regional and wire coverage) are amplifying the move by reporting intraday swings and volume; these pieces summarize market reaction but don’t add new fundamental catalysts. First Solar (FSLR) share price
• Negative Sentiment: After the runup, some outlets note the stock is trading lower amid profit‑taking and valuation caution — short‑term pullback driven by traders locking gains and questions about near‑term multiples despite long‑run demand drivers. Why First Solar (FSLR) stock is trading lower today

Insiders Place Their Bets

In other First Solar news, Director Michael T. Sweeney sold 4,500 shares of First Solar stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $271.11, for a total value of $1,219,995.00. Following the completion of the sale, the director owned 13,662 shares of the company’s stock, valued at approximately $3,703,904.82. The trade was a 24.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul H. Stebbins sold 7,000 shares of the stock in a transaction on Friday, November 7th. The shares were sold at an average price of $262.40, for a total value of $1,836,800.00. Following the transaction, the director directly owned 15,287 shares in the company, valued at $4,011,308.80. The trade was a 31.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 48,912 shares of company stock valued at $12,971,349. Company insiders own 0.48% of the company’s stock.

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.