Centaurus Financial Inc. lifted its stake in shares of First Solar, Inc. (NASDAQ:FSLR – Free Report) by 303.1% during the first quarter, Holdings Channel reports. The fund owned 4,611 shares of the solar cell manufacturer’s stock after acquiring an additional 3,467 shares during the period. Centaurus Financial Inc.’s holdings in First Solar were worth $910,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Commonwealth Retirement Investments LLC acquired a new stake in shares of First Solar in the fourth quarter valued at $26,000. Reflection Asset Management acquired a new position in First Solar during the 4th quarter worth $26,000. Strategic Wealth Investment Group LLC purchased a new stake in First Solar during the 2nd quarter worth about $26,000. Larson Financial Group LLC increased its holdings 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 worth $27,000 after purchasing an additional 55 shares during the period. Finally, Elyxium Wealth LLC purchased a new stake in First Solar during the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 92.08% of the company’s stock.
First Solar News Summary
Here are the key news stories impacting First Solar this week:
- Positive Sentiment: Profit and margins exceeded expectations. First Solar reported second-quarter EPS of $3.92, well above the $2.99 analyst consensus and up from $3.18 a year earlier. Gross margin expanded to approximately 57%, while adjusted EBITDA rose to $644 million from $560 million. First Solar’s Q2 Earnings Beat Estimates, Revenues Decrease Y/Y
- Positive Sentiment: Strong long-term demand visibility supported the bullish reaction. Management highlighted a record backlog, 45.1 gigawatts of contracted sales at quarter-end, domestic manufacturing expansion, technology investments and policy-driven opportunities extending through 2030. The company also cited a cumulative production milestone above 100 GW. FSLR Q2 Earnings Call Highlights Domestic Solar Push
- Positive Sentiment: Analysts maintained bullish ratings. Goldman Sachs reiterated a Buy rating with a $310 price target, while Needham maintained Buy with a $303 target, citing attractive valuation, demand momentum and potential support from Section 232 tariffs. First Solar: Strong Q2 Beat and Solid Demand Momentum
- Neutral Sentiment: Full-year guidance was reaffirmed. First Solar maintained 2026 net sales guidance of $4.9 billion to $5.2 billion, broadly in line with expectations. However, the midpoint is slightly below consensus, limiting the upside from the earnings beat. First Solar Announces Second Quarter 2026 Results
- Negative Sentiment: Revenue declined year over year. Sales fell about 4% to $1.06 billion, primarily because customer contract cancellations offset higher third-party module sales. The company is also navigating Section 232 tariff uncertainty and rising input costs. First Solar Sales Fall on Contract Cancellations
- Negative Sentiment: Securities litigation remains an overhang. Multiple law firms publicized a shareholder class action concerning alleged misrepresentations about tariffs and production challenges, with an August 24, 2026 lead-plaintiff deadline. These notices may pressure sentiment, although they do not represent a court finding of wrongdoing. Kaplan Fox First Solar Shareholder Notice
Insider Buying and Selling at First Solar
First Solar Stock Up 2.4%
First Solar stock opened at $211.03 on Friday. 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 market cap of $22.68 billion, a PE ratio of 13.01, a P/E/G ratio of 0.46 and a beta of 1.73. The stock’s fifty day moving average is $245.08 and its two-hundred day moving average is $225.23.
First Solar (NASDAQ:FSLR – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The solar cell manufacturer reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $1.02. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.06 billion. First Solar had a return on equity of 18.42% and a net margin of 32.47%.The business’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.18 EPS. On average, sell-side analysts expect that First Solar, Inc. will post 17.54 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on FSLR shares. HSBC lifted their price objective on First Solar from $211.00 to $231.00 and gave the company a “hold” rating in a research note on Tuesday, May 5th. Mizuho set a $237.00 target price on shares of First Solar in a research note on Friday. Sanford C. Bernstein reduced their target price on shares of First Solar from $217.00 to $197.00 and set an “underperform” rating on the stock in a report on Friday. Barclays raised their target price on shares of First Solar from $213.00 to $279.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Finally, Roth Capital reiterated a “buy” rating and issued a $300.00 price target on shares of First Solar in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $252.86.
Read Our Latest Research Report on First Solar
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.
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