Castleark Management LLC Purchases 2,480 Shares of First Solar, Inc. $FSLR

Castleark Management LLC lifted its position in shares of First Solar, Inc. (NASDAQ:FSLR) by 85.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,380 shares of the solar cell manufacturer’s stock after purchasing an additional 2,480 shares during the quarter. Castleark Management LLC’s holdings in First Solar were worth $1,061,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FSLR. Pictet Asset Management Holding SA increased its position in shares of First Solar by 29.3% during the first quarter. Pictet Asset Management Holding SA now owns 1,138,473 shares of the solar cell manufacturer’s stock worth $224,540,000 after acquiring an additional 258,204 shares in the last quarter. Atlatl Advisers LLC bought a new position in First Solar in the 4th quarter valued at about $1,697,000. Northwestern Mutual Wealth Management Co. lifted its position in First Solar by 1,054.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 52,219 shares of the solar cell manufacturer’s stock valued at $13,641,000 after acquiring an additional 47,695 shares in the last quarter. Genus Capital Management Inc. acquired a new position in First Solar during the 4th quarter valued at about $4,525,000. Finally, TABR Capital Management LLC acquired a new position in First Solar during the 4th quarter valued at about $5,626,000. 92.08% of the stock is currently owned by institutional investors.

First Solar Trading Up 1.5%

Shares of First Solar stock opened at $205.83 on Tuesday. The firm has a market cap of $22.12 billion, a PE ratio of 13.30, a P/E/G ratio of 0.45 and a beta of 1.73. First Solar, Inc. has a 1 year low of $171.99 and a 1 year high of $320.95. 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 stock has a fifty day moving average price of $248.03 and a 200-day moving average price of $226.16.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings data on Thursday, April 30th. The solar cell manufacturer reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.87 by $0.35. First Solar had a return on equity of 18.01% and a net margin of 30.73%.The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the business earned $1.95 earnings per share. The business’s revenue was up 23.6% on a year-over-year basis. Equities research analysts anticipate that First Solar, Inc. will post 17.54 EPS for the current year.

Wall Street Analysts Forecast Growth

FSLR has been the subject of several analyst reports. Guggenheim increased their price objective on First Solar from $269.00 to $279.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Susquehanna lifted their target price on First Solar from $250.00 to $270.00 and gave the company a “positive” rating in a research report on Friday, July 10th. Evercore upped their price target on First Solar from $212.00 to $219.00 in a report on Monday, May 4th. BMO Capital Markets lowered their price target on First Solar from $252.00 to $237.00 and set a “market perform” rating for the company in a research report on Monday, April 20th. Finally, Morgan Stanley raised their price objective on First Solar from $230.00 to $245.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $257.10.

More First Solar News

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

• Positive Sentiment: Roth Capital reportedly assigned First Solar a “Buy” rating, providing a favorable analyst signal ahead of earnings. First Solar Earns Buy Rating from Roth Capital
• Positive Sentiment: First Solar is drawing investor attention as earnings week begins. The report could provide a near-term catalyst, particularly given the company’s latest quarterly results, which exceeded consensus EPS and revenue estimates and showed year-over-year revenue growth. First Solar climbs into focus as earnings week opens
• Neutral Sentiment: A financial commentary piece highlighted that strong cash generation does not always lead to superior stock returns, suggesting investors should assess First Solar’s spending efficiency, demand outlook and competitive positioning rather than rely solely on cash-flow strength. 2 Cash-Producing Stocks with Promising Prospects and 1 That Underwhelm
• Negative Sentiment: Several law firms publicized an existing securities class action against First Solar and certain officers, alleging violations of federal securities laws for investors who purchased shares from February 26, 2025, through February 24, 2026. The notices set an August 24, 2026 deadline for investors seeking lead-plaintiff status. The announcements may pressure sentiment and raise potential legal and reputational risks, though they are largely duplicative solicitations and do not establish liability. Kaplan Fox First Solar class action deadline Robbins LLP First Solar securities class action

Insider Activity

In other news, insider Kuntal Kumar Verma sold 582 shares of First Solar stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $250.00, for a total value of $145,500.00. Following the completion of the transaction, the insider owned 4,967 shares in the company, valued at approximately $1,241,750. The trade was a 10.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Caroline Stockdale sold 10,628 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $275.60, for a total value of $2,929,076.80. Following the completion of the transaction, the insider directly owned 23,792 shares in the company, valued at $6,557,075.20. The trade was a 30.88% decrease in their ownership of the stock. 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 31,893 shares of company stock worth $7,893,775 over the last ninety days. Corporate insiders own 0.39% of the company’s stock.

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.