Bank of New York Mellon Corp Buys 3,022 Shares of First Solar, Inc. $FSLR

Bank of New York Mellon Corp boosted its stake in First Solar, Inc. (NASDAQ:FSLR) by 0.4% during the first quarter, Holdings Channel.com reports. The firm owned 708,153 shares of the solar cell manufacturer’s stock after buying an additional 3,022 shares during the period. Bank of New York Mellon Corp’s holdings in First Solar were worth $139,690,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aventura Private Wealth LLC bought a new position in shares of First Solar in the fourth quarter worth approximately $25,000. Commonwealth Retirement Investments LLC purchased a new position in shares of First Solar in the fourth quarter worth $26,000. Reflection Asset Management purchased a new position in shares of First Solar in the fourth quarter worth $26,000. Strategic Wealth Investment Group LLC bought a new stake in First Solar during the 2nd quarter valued at $26,000. Finally, Larson Financial Group LLC boosted its position 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 valued at $27,000 after buying an additional 55 shares during the period. Institutional investors own 92.08% of the company’s stock.

Wall Street Analyst Weigh In

FSLR has been the topic of a number of recent analyst reports. HSBC raised their price target on shares of First Solar from $211.00 to $231.00 and gave the stock a “hold” rating in a report on Tuesday, May 5th. Weiss Ratings upgraded First Solar from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 25th. The Goldman Sachs Group increased their price objective on First Solar from $300.00 to $310.00 in a report on Friday, May 1st. Citigroup cut their price objective on First Solar from $300.00 to $243.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Finally, Susquehanna upped their target price on First Solar from $250.00 to $270.00 and gave the company a “positive” rating in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $256.41.

First Solar Stock Performance

Shares of FSLR opened at $211.99 on Monday. The company has a 50-day simple moving average of $251.23 and a two-hundred day simple moving average of $228.75. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.56 and a quick ratio of 2.15. The firm has a market capitalization of $22.78 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 0.47 and a beta of 1.73. First Solar, Inc. has a one year low of $171.86 and a one year high of $320.95.

First Solar (NASDAQ:FSLR) last posted its earnings results 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. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. First Solar had a return on equity of 18.01% and a net margin of 30.73%.The business’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.95 EPS. On average, analysts anticipate that First Solar, Inc. will post 17.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other First Solar news, CFO Alexander R. Bradley sold 498 shares of the stock in a transaction on Tuesday, May 5th. The stock was 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 in the company, valued at approximately $6,622,428.56. This represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Georges Antoun sold 566 shares of the firm’s 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 transaction, the insider directly owned 19,918 shares of the company’s stock, valued at $4,294,918.34. This represents a 2.76% decrease in their position. 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 have sold 31,893 shares of company stock valued at $7,893,775 in the last 90 days. Corporate insiders own 0.39% of the company’s stock.

Key Stories Impacting First Solar

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

• Positive Sentiment: Some recent commentary remains constructive, with articles highlighting First Solar’s attractive valuation and brokerage ratings that still lean to a “Moderate Buy,” suggesting the stock may still have longer-term support from analysts and fundamental investors.
• Neutral Sentiment: First Solar announced it will report second-quarter 2026 results on July 30, which gives traders a clear near-term event to watch for guidance, margins, and commentary on tariffs, production utilization, and demand.
• Neutral Sentiment: Several market articles noted the stock had recently been trading around fair-value estimates and reacting to broader solar demand and tariff expectations, indicating mixed sentiment ahead of earnings.
• Negative Sentiment: Multiple law firms announced or reiterated class-action lawsuits and lead-plaintiff deadlines against First Solar over alleged misleading disclosures tied to tariff-related production decisions and facility underutilization, creating a legal overhang that can weigh on the shares. Article title
• Negative Sentiment: Trading commentary also pointed to recent weakness as investors weighed the lawsuit risk, insider selling, and caution ahead of the July 30 earnings release, which can amplify profit-taking in a volatile name like FSLR.

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.