First Solar, Inc. $FSLR Shares Sold by Redwood Grove Capital LLC

Redwood Grove Capital LLC decreased its position in shares of First Solar, Inc. (NASDAQ:FSLR) by 2.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 94,400 shares of the solar cell manufacturer’s stock after selling 2,800 shares during the quarter. First Solar makes up about 6.0% of Redwood Grove Capital LLC’s holdings, making the stock its 5th largest position. Redwood Grove Capital LLC owned 0.09% of First Solar worth $18,621,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in First Solar during the fourth quarter worth approximately $392,040,000. Viking Global Investors LP grew its position 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 acquiring an additional 854,919 shares during the last quarter. Polar Capital Holdings Plc acquired a new position in shares of First Solar in the 4th quarter valued at $200,109,000. Lightrock Netherlands B.V. raised its position in First Solar by 2,663.8% in the 4th quarter. Lightrock Netherlands B.V. now owns 666,307 shares of the solar cell manufacturer’s stock valued at $174,059,000 after purchasing an additional 642,199 shares during the last quarter. Finally, Amundi raised its position in First Solar by 38.6% in the 3rd quarter. Amundi now owns 2,025,835 shares of the solar cell manufacturer’s stock valued at $459,917,000 after purchasing an additional 564,032 shares during the last quarter. Institutional investors and hedge funds own 92.08% of the company’s stock.

First Solar Stock Down 1.6%

Shares of NASDAQ:FSLR opened at $202.59 on Wednesday. First Solar, Inc. has a fifty-two week low of $171.99 and a fifty-two week high of $320.95. The company has a quick ratio of 2.15, a current ratio of 2.56 and a debt-to-equity ratio of 0.02. The firm’s 50-day simple moving average is $247.65 and its 200-day simple moving average is $225.89. The company has a market cap of $21.77 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 0.46 and a beta of 1.73.

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

Insider Buying and Selling at First Solar

In other news, insider Georges Antoun sold 566 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $215.63, for a total transaction of $122,046.58. Following the completion of the transaction, the insider directly owned 19,918 shares of the company’s stock, valued at approximately $4,294,918.34. This represents a 2.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Kuntal Kumar Verma sold 582 shares of the firm’s 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 sale, the insider directly owned 4,967 shares of the company’s stock, valued at $1,241,750. This represents a 10.49% 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. In the last quarter, insiders sold 31,893 shares of company stock worth $7,893,775. 0.39% of the stock is currently owned by company insiders.

Key Headlines Impacting First Solar

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

• Positive Sentiment: First Solar enters its Q2 report with a reported $14.4 billion backlog and continued strength from its U.S. manufacturing operations. These factors could support revenue visibility and domestic production economics, although lower overseas production may weigh on margins. First Solar to Release Q2 Earnings: Here’s What You Need to Know
• Neutral Sentiment: Investors are awaiting First Solar’s Q2 results for updates on manufacturing output, margins, backlog execution and full-year guidance. The company previously reported quarterly earnings above consensus, with revenue up 23.6% year over year, but the current focus is whether overseas production and policy conditions affect the outlook.
• Negative Sentiment: Pomerantz announced that a securities class action has been filed against First Solar and certain officers in federal court. The proposed class covers investors who purchased securities from February 26, 2025, through February 24, 2026, and alleges violations of federal securities laws. The allegations have not been proven, but the litigation creates potential legal costs, reputational risk and an overhang on the shares. Pomerantz Class Action Announcement
• Negative Sentiment: Multiple law firms, including Rosen, SueWallSt, Faruqi, Gross, Robbins and others, are soliciting investors to seek lead-plaintiff status by August 24, 2026. The repeated alerts reference an alleged 13.61% single-day decline and claims that First Solar provided overly favorable tariff expectations before reducing 2026 guidance. These notices amplify concerns about the company’s prior disclosures, even though they largely repeat the same underlying lawsuit. Rosen Investor Deadline Alert

Wall Street Analyst Weigh In

FSLR has been the topic of a number of recent research reports. TD Cowen restated a “buy” rating on shares of First Solar in a research note on Monday, July 20th. Susquehanna raised their price target on First Solar from $250.00 to $270.00 and gave the stock a “positive” rating in a report on Friday, July 10th. Zacks Research upgraded First Solar from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Freedom Capital raised First Solar from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Finally, Sanford C. Bernstein reaffirmed an “underperform” rating on shares of First Solar in a research report on Friday, June 26th. 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 company. Based on data from MarketBeat, First Solar currently has a consensus rating of “Moderate Buy” and a consensus target price of $257.10.

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.