Allstate Corp Purchases New Holdings in First Solar, Inc. $FSLR

Allstate Corp acquired a new position in First Solar, Inc. (NASDAQ:FSLR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,697 shares of the solar cell manufacturer’s stock, valued at approximately $815,000.

A number of other institutional investors have also recently bought and sold shares of the business. Signaturefd LLC increased its position in shares of First Solar by 2.6% during the 3rd quarter. Signaturefd LLC now owns 1,879 shares of the solar cell manufacturer’s stock valued at $414,000 after purchasing an additional 47 shares during the last quarter. Figure 8 Investment Strategies LLC boosted its holdings in shares of First Solar by 0.6% in the 3rd quarter. Figure 8 Investment Strategies LLC now owns 8,116 shares of the solar cell manufacturer’s stock worth $1,790,000 after buying an additional 48 shares during the last quarter. Hemington Wealth Management grew its position in First Solar by 22.9% during the third quarter. Hemington Wealth Management now owns 306 shares of the solar cell manufacturer’s stock valued at $67,000 after buying an additional 57 shares during the period. Ethic Inc. increased its holdings in First Solar by 0.3% during the third quarter. Ethic Inc. now owns 20,443 shares of the solar cell manufacturer’s stock worth $4,508,000 after buying an additional 59 shares during the last quarter. Finally, Penserra Capital Management LLC increased its holdings in First Solar by 13.4% during the second quarter. Penserra Capital Management LLC now owns 560 shares of the solar cell manufacturer’s stock worth $92,000 after buying an additional 66 shares during the last quarter. Institutional investors own 92.08% of the company’s stock.

Insider Transactions at First Solar

In related news, insider Georges Antoun sold 37,412 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $265.01, for a total value of $9,914,554.12. Following the sale, the insider owned 15,424 shares in the company, valued at approximately $4,087,514.24. This trade represents a 70.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael T. Sweeney sold 4,500 shares of First Solar stock in a transaction 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 sale, the director directly owned 13,662 shares of the company’s stock, valued at $3,703,904.82. This represents a 24.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 48,912 shares of company stock valued at $12,971,349. 0.48% of the stock is currently owned by company insiders.

First Solar Price Performance

FSLR stock opened at $243.72 on Thursday. The firm has a 50 day moving average of $257.82 and a 200-day moving average of $226.45. The firm has a market capitalization of $26.15 billion, a P/E ratio of 18.72, a price-to-earnings-growth ratio of 0.30 and a beta of 1.60. First Solar, Inc. has a 12 month low of $116.56 and a 12 month high of $285.99. The company has a current ratio of 1.91, a quick ratio of 1.55 and a debt-to-equity ratio of 0.03.

First Solar (NASDAQ:FSLR) last posted its earnings results on Thursday, October 30th. The solar cell manufacturer reported $4.24 earnings per share for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.08). First Solar had a return on equity of 16.61% and a net margin of 27.73%.The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period last year, the company posted $2.91 EPS. The business’s 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. As a group, sell-side analysts predict that First Solar, Inc. will post 13.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on FSLR shares. Barclays reiterated an “overweight” rating and issued a $279.00 target price on shares of First Solar in a research note on Monday, November 3rd. JPMorgan Chase & Co. lifted their price target on shares of First Solar from $278.00 to $303.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. The Goldman Sachs Group reiterated a “buy” rating and issued a $316.00 price objective on shares of First Solar in a research note on Friday, October 31st. Guggenheim increased their price objective on First Solar from $289.00 to $312.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of First Solar in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $277.24.

Key Headlines Impacting First Solar

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

• Positive Sentiment: USPTO denied multiple inter partes review petitions that sought to invalidate First Solar’s TOPCon patents, preserving key intellectual property and reducing competitive risk for its cell technology. Article Title
• Positive Sentiment: RBC Capital Markets raised its price target on FSLR from $244 to $258 and reiterated an outperform rating, providing dealer-led validation of the stock’s earnings and growth outlook. Article Title
• Neutral Sentiment: Analyst and media previews expect a strong Q4 (analysts forecast double‑digit EPS growth), which could support upside if First Solar meets or beats estimates; conversely, any guidance shortfall could trigger a pullback. Article Title
• Neutral Sentiment: Lithium Australia’s Livium completed a phase of shipments involving First Solar panels to South Korea as part of a silver‑recovery/recycling push — a small but positive signal of downstream demand and recycling interest that could modestly bolster component demand or reputational benefits. Article Title
• Negative Sentiment: Some outlets reported short‑term selling or cautious headlines around patent-related news (headline framed as “Falter on Patent News”), which can amplify intraday volatility despite the USPTO rulings; media-driven sentiment swings could pressure the stock if momentum traders react. Article Title

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.