DNB Asset Management AS Raises Stock Holdings in First Solar, Inc. $FSLR

DNB Asset Management AS grew its holdings in First Solar, Inc. (NASDAQ:FSLR) by 20.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,176 shares of the solar cell manufacturer’s stock after buying an additional 14,089 shares during the quarter. DNB Asset Management AS owned 0.08% of First Solar worth $18,563,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in First Solar by 3.5% in the 3rd quarter. Vanguard Group Inc. now owns 13,721,979 shares of the solar cell manufacturer’s stock worth $3,026,108,000 after acquiring an additional 464,130 shares in the last quarter. State Street Corp grew its position in shares of First Solar by 2.1% in the second 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 grew its position in shares of First Solar by 0.9% in the second 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 increased its stake 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 worth $375,122,000 after purchasing an additional 854,919 shares in the last quarter. Finally, Schroder Investment Management Group raised its position in shares of First Solar by 3.7% during the 2nd quarter. Schroder Investment Management Group now owns 1,350,084 shares of the solar cell manufacturer’s stock worth $223,493,000 after purchasing an additional 47,646 shares during the last quarter. Hedge funds and other institutional investors own 92.08% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. KeyCorp reiterated an “overweight” rating on shares of First Solar in a report on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of First Solar in a research note on Monday, December 29th. HSBC reissued a “hold” rating and issued a $211.00 price objective (down from $280.00) on shares of First Solar in a research note on Wednesday. Raymond James Financial assumed coverage on shares of First Solar in a research note on Monday, January 12th. They set a “market perform” rating on the stock. Finally, Royal Bank Of Canada dropped their target price on shares of First Solar from $258.00 to $236.00 and set an “outperform” rating for the company in a report on Wednesday. Twenty equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $257.91.

First Solar Stock Performance

NASDAQ FSLR opened at $197.20 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.55 and a current ratio of 2.67. The stock’s fifty day moving average is $241.94 and its two-hundred day moving average is $235.98. The firm has a market capitalization of $21.16 billion, a P/E ratio of 13.88, a price-to-earnings-growth ratio of 0.28 and a beta of 1.60. First Solar, Inc. has a fifty-two week low of $116.56 and a fifty-two week high of $285.99.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings results on Tuesday, February 24th. The solar cell manufacturer reported $4.84 EPS for the quarter, missing the consensus estimate of $5.22 by ($0.38). The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.59 billion. First Solar had a return on equity of 17.32% and a net margin of 29.28%.The firm’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.65 EPS. On average, research analysts anticipate that First Solar, Inc. will post 13.05 earnings per share for the current year.

Key Stories Impacting First Solar

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

• Positive Sentiment: U.S. tariffs on Indian solar manufacturers reduce potential low-cost competition for U.S. demand, which could benefit domestic suppliers like First Solar. India Tariff Article
• Positive Sentiment: Some analysts and commentators view the post-earnings pullback as a buying opportunity — a “buy the weakness” thesis highlighting long-term project backlog and subsidy support (45X tax credits) for near-term profitability. Seeking Alpha Buy Thesis
• Positive Sentiment: Coverage noting First Solar’s role in clean-energy gains on the Nasdaq could support positive sentiment among sector-focused investors. Kalkine Media
• Neutral Sentiment: Wells Fargo trimmed its price target (to $255) but kept an overweight stance — a mixed signal that reduces upside expectations while retaining conviction. Wells Fargo/PT Cut
• Neutral Sentiment: Goldman Sachs and JPMorgan also lowered price targets (Goldman to $300, JPM to $256) but maintained buy/overweight ratings, signaling confidence in medium-term fundamentals despite near-term revisions. Goldman/JPM PT Changes
• Neutral Sentiment: Market-wide weakness in the S&P 500 and tech dragged sentiment this week, amplifying pressure on cyclical/clean-energy names including FSLR. S&P 500 Weekly
• Neutral Sentiment: Short-interest data reported is effectively negligible/ambiguous (zero shares reported), so short squeezes are unlikely to be a driver at present.
• Negative Sentiment: Management issued weak sales/guidance for 2026 and disappointing Q1 guidance, which triggered a sharp share decline as investors reassess revenue and backlog trajectory. Weak Guidance
• Negative Sentiment: First Solar reported Q4 EPS below consensus despite revenue beat; margin reliance on tax credits (45X) and tapering backlog raise longer-term risk concerns. Earnings Risks
• Negative Sentiment: Wolfe Research downgraded FSLR from “strong-buy” to “hold,” and other outlets note gap-down trading and steep short-term losses — analyst skepticism is pressuring sentiment. Wolfe Research Downgrade
• Negative Sentiment: Pomerantz law firm opened an investor investigation, introducing potential legal/financial risk and adding to short-term uncertainty. Investor Investigation

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.