Contravisory Investment Management Inc. Purchases New Holdings in First Solar, Inc. $FSLR

Contravisory Investment Management Inc. acquired a new position in First Solar, Inc. (NASDAQ:FSLR) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,848 shares of the solar cell manufacturer’s stock, valued at approximately $759,000.

Several other institutional investors have also added to or reduced their stakes in FSLR. Norges Bank purchased a new stake in shares of First Solar in the fourth quarter worth approximately $392,040,000. Viking Global Investors LP grew its position in First Solar by 60.6% in the 2nd quarter. Viking Global Investors LP now owns 2,266,050 shares of the solar cell manufacturer’s stock valued at $375,122,000 after acquiring an additional 854,919 shares during the last quarter. Polar Capital Holdings Plc bought a new position in First Solar in the 4th quarter valued at $200,109,000. Lightrock Netherlands B.V. increased its stake in First Solar by 2,663.8% in the fourth quarter. Lightrock Netherlands B.V. now owns 666,307 shares of the solar cell manufacturer’s stock worth $174,059,000 after purchasing an additional 642,199 shares during the period. Finally, Amundi increased its stake in First Solar by 38.6% in the third quarter. Amundi now owns 2,025,835 shares of the solar cell manufacturer’s stock worth $459,917,000 after purchasing an additional 564,032 shares during the period. Institutional investors own 92.08% of the company’s stock.

Analyst Upgrades and Downgrades

FSLR has been the subject of a number of recent analyst reports. Sanford C. Bernstein assumed coverage on shares of First Solar in a research note on Tuesday, June 16th. They set an “underperform” rating and a $217.00 target price for the company. DZ Bank raised shares of First Solar to a “strong sell” rating in a research note on Thursday, February 26th. Susquehanna decreased their price objective on shares of First Solar from $280.00 to $250.00 and set a “positive” rating for the company in a report on Thursday, April 9th. Weiss Ratings cut shares of First Solar from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Finally, Evercore upped their target price on shares of First Solar from $212.00 to $219.00 in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $249.78.

First Solar News Summary

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

• Positive Sentiment: Zacks highlighted First Solar as a strong growth stock, pointing to its capacity expansion and innovation efforts as reasons investors may remain constructive on the long-term story.
• Positive Sentiment: Another Zacks note said First Solar is accelerating growth through manufacturing expansion and next-generation solar technology, reinforcing the company’s competitive positioning in solar manufacturing.
• Neutral Sentiment: Short-interest data released during the day showed no reported short interest, offering little clear directional signal for the stock.
• Negative Sentiment: Multiple law firms announced or promoted a class action lawsuit against First Solar and certain officers, alleging federal securities law violations for investors who bought shares between February 26, 2025 and February 24, 2026. These developments can weigh on sentiment by increasing legal and headline risk. Pomerantz Law Firm Announces the Filing of a Class Action Against First Solar, Inc. and Certain Officers – FSLR
• Negative Sentiment: Additional investor-rights firms, including Rosen, Portnoy, Robbins, Schall, Gainey McKenna, Bronstein, and DJS, issued notices tied to the lawsuit or launched investigations, increasing the chance of prolonged litigation-related pressure on First Solar shares.

Insider Activity at First Solar

In related news, CFO Alexander R. Bradley sold 498 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $215.63, for a total value of $107,383.74. Following the completion of the transaction, the chief financial officer owned 30,712 shares of the company’s stock, valued at $6,622,428.56. The trade was a 1.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Georges Antoun sold 566 shares of First Solar stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $215.63, for a total value of $122,046.58. Following the completion of the transaction, the insider owned 19,918 shares in the company, valued at $4,294,918.34. This represents a 2.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 32,466 shares of company stock valued at $8,014,105 over the last quarter. 0.39% of the stock is owned by insiders.

First Solar Stock Performance

Shares of First Solar stock opened at $248.64 on Friday. The firm has a market cap of $26.72 billion, a P/E ratio of 16.06, a P/E/G ratio of 0.55 and a beta of 1.71. The company has a current ratio of 2.56, a quick ratio of 2.15 and a debt-to-equity ratio of 0.02. First Solar, Inc. has a 12 month low of $149.54 and a 12 month high of $320.95. The stock’s fifty day moving average price is $242.68 and its 200-day moving average price is $233.06.

First Solar (NASDAQ:FSLR) last released its quarterly earnings data on Thursday, April 30th. The solar cell manufacturer reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.87 by $0.35. First Solar had a net margin of 30.73% and a return on equity of 18.01%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the firm earned $1.95 earnings per share. The firm’s revenue for the quarter was up 23.6% compared to the same quarter last year. On average, equities research analysts expect that First Solar, Inc. will post 17.61 earnings per share for the current fiscal year.

About First Solar

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.