Citizens Financial Group Inc. RI Acquires New Holdings in First Solar, Inc. $FSLR

Citizens Financial Group Inc. RI bought a new position in shares of First Solar, Inc. (NASDAQ:FSLR) in the second quarter, HoldingsChannel reports. The firm bought 24,212 shares of the solar cell manufacturer’s stock, valued at approximately $5,713,000.

Several other hedge funds have also recently bought and sold shares of FSLR. Reflection Asset Management acquired a new position in shares of First Solar in the fourth quarter valued at approximately $26,000. Commonwealth Retirement Investments LLC bought a new stake in shares of First Solar during the fourth quarter worth $26,000. Larson Financial Group LLC raised its holdings in shares of First Solar by 117.0% during the fourth quarter. Larson Financial Group LLC now owns 102 shares of the solar cell manufacturer’s stock worth $27,000 after acquiring an additional 55 shares during the period. Elyxium Wealth LLC acquired a new stake in shares of First Solar during the fourth quarter worth $30,000. Finally, MV Capital Management Inc. bought a new stake in First Solar in the 4th quarter valued at $30,000. 92.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Guggenheim upped their target price on shares of First Solar from $279.00 to $282.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Barclays lifted their price target on First Solar from $213.00 to $279.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Sanford C. Bernstein cut their price target on First Solar from $217.00 to $197.00 and set an “underperform” rating on the stock in a report on Friday, July 31st. BMO Capital Markets reduced their price objective 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, Roth Capital reiterated a “buy” rating and set a $300.00 price objective on shares of First Solar in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $261.75.

First Solar Trading Down 3.4%

Shares of FSLR stock opened at $217.85 on Tuesday. The firm’s fifty day moving average price is $232.45 and its two-hundred day moving average price is $224.63. First Solar, Inc. has a 1 year low of $182.99 and a 1 year high of $320.95. The firm has a market capitalization of $23.41 billion, a P/E ratio of 13.43, a PEG ratio of 0.49 and a beta of 1.76.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings data on Thursday, July 30th. The solar cell manufacturer reported $3.92 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $1.02. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.06 billion. First Solar had a net margin of 32.47% and a return on equity of 18.02%. The company’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $3.18 EPS. As a group, equities research analysts forecast that First Solar, Inc. will post 17.75 EPS for the current fiscal year.

Key Stories Impacting First Solar

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

• Positive Sentiment: First Solar’s latest results remain a fundamental support: the company reported quarterly earnings of $3.92 per share versus the $2.90 analyst consensus, reaffirmed its 2026 outlook and cited a contracted sales backlog of 45.1 gigawatts through 2030. Revenue was approximately $1.06 billion. First Solar Slides as Investors Weigh Tariff Uncertainty and Recent Policy Risks
• Neutral Sentiment: Institutional positioning was mixed in the latest quarter: 488 investors added FSLR shares, while 610 reduced their holdings. Several large funds, including Capital World Investors, D. E. Shaw and JPMorgan, reported sizable additions, partly offset by reductions from other managers.
• Negative Sentiment: Multiple law firms publicized an existing securities class-action lawsuit and the August 24 lead-plaintiff deadline. The suit reportedly concerns alleged misrepresentations about tariffs, guidance and production-facility utilization; the allegations have not been proven, but the repeated notices increase reputational and litigation overhang. FSLR Class Action Notice
• Negative Sentiment: Investors remain concerned about U.S. solar trade policy. A new 15% duty on polysilicon derivatives and a minimum import-price framework could benefit domestic manufacturers over time, but may also disrupt demand, pricing and customer purchasing decisions. First Solar’s own 2026 outlook continues to include a net tariff-related impact. Tariff Uncertainty and Recent Policy Risks
• Negative Sentiment: Put-option volume rose about 77% above its typical level, signaling increased demand for downside protection or bearish speculation. In addition, reported insider activity showed sales but no open-market purchases over the past six months, another factor that may weigh on confidence.

Insider Activity

In other First Solar news, CEO Mark R. Widmar sold 4,815 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $247.43, for a total value of $1,191,375.45. Following the completion of the transaction, the chief executive officer directly owned 89,033 shares in the company, valued at $22,029,435.19. This trade represents a 5.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 transaction, the insider directly owned 23,792 shares in the company, valued at $6,557,075.20. This trade represents a 30.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 30,979 shares of company stock valued at $7,694,724. 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.