Allstate Corp Buys New Position in First Solar, Inc. $FSLR

Allstate Corp bought a new position in shares of First Solar, Inc. (NASDAQ:FSLR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,697 shares of the solar cell manufacturer’s stock, valued at approximately $815,000.

A number of other hedge funds have also added to or reduced their stakes in FSLR. Signaturefd LLC boosted its holdings in shares of First Solar by 2.6% during the 3rd quarter. Signaturefd LLC now owns 1,879 shares of the solar cell manufacturer’s stock worth $414,000 after buying an additional 47 shares in the last quarter. Figure 8 Investment Strategies LLC lifted its position in shares of First Solar by 0.6% during the 3rd quarter. Figure 8 Investment Strategies LLC now owns 8,116 shares of the solar cell manufacturer’s stock valued at $1,790,000 after acquiring an additional 48 shares during the period. Hemington Wealth Management lifted its position in shares of First Solar by 22.9% during the 3rd quarter. Hemington Wealth Management now owns 306 shares of the solar cell manufacturer’s stock valued at $67,000 after acquiring an additional 57 shares during the period. Ethic Inc. boosted its stake in First Solar by 0.3% during the third quarter. Ethic Inc. now owns 20,443 shares of the solar cell manufacturer’s stock worth $4,508,000 after acquiring an additional 59 shares in the last quarter. Finally, Penserra Capital Management LLC grew its holdings in First Solar by 13.4% in the second quarter. Penserra Capital Management LLC now owns 560 shares of the solar cell manufacturer’s stock worth $92,000 after purchasing an additional 66 shares during the period. 92.08% of the stock is currently owned by institutional investors.

Insider Transactions at First Solar

In related news, Director Michael T. Sweeney sold 4,500 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $271.11, for a total transaction of $1,219,995.00. Following the transaction, the director directly owned 13,662 shares in the company, valued at approximately $3,703,904.82. The trade was a 24.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul H. Stebbins sold 7,000 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $262.40, for a total transaction of $1,836,800.00. Following the completion of the sale, the director directly owned 15,287 shares of the company’s stock, valued at $4,011,308.80. The trade was a 31.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 48,912 shares of company stock worth $12,971,349 in the last quarter. 0.48% of the stock is currently owned by corporate insiders.

More First Solar News

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

• Positive Sentiment: USPTO denied multiple inter partes review petitions that sought to invalidate First Solar’s TOPCon patents, preserving key intellectual property and reducing competitive risk for its cell technology. Article Title
• Positive Sentiment: RBC Capital Markets raised its price target on FSLR from $244 to $258 and reiterated an outperform rating, providing dealer-led validation of the stock’s earnings and growth outlook. Article Title
• Neutral Sentiment: Analyst and media previews expect a strong Q4 (analysts forecast double‑digit EPS growth), which could support upside if First Solar meets or beats estimates; conversely, any guidance shortfall could trigger a pullback. Article Title
• Neutral Sentiment: Lithium Australia’s Livium completed a phase of shipments involving First Solar panels to South Korea as part of a silver‑recovery/recycling push — a small but positive signal of downstream demand and recycling interest that could modestly bolster component demand or reputational benefits. Article Title
• Negative Sentiment: Some outlets reported short‑term selling or cautious headlines around patent-related news (headline framed as “Falter on Patent News”), which can amplify intraday volatility despite the USPTO rulings; media-driven sentiment swings could pressure the stock if momentum traders react. Article Title

Wall Street Analyst Weigh In

FSLR has been the topic of several research reports. Wolfe Research upped their price objective on shares of First Solar from $232.00 to $247.00 in a report on Friday, October 31st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $300.00 price target on shares of First Solar in a research note on Wednesday, January 7th. Wells Fargo & Company increased their price target on First Solar from $270.00 to $285.00 and gave the stock an “overweight” rating in a report on Friday, December 19th. KeyCorp restated an “overweight” rating on shares of First Solar in a report on Friday, October 31st. Finally, Robert W. Baird upped their target price on First Solar from $240.00 to $264.00 and gave the stock an “outperform” rating in a research report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $277.24.

First Solar Stock Up 0.7%

FSLR stock opened at $243.72 on Thursday. The firm has a market capitalization of $26.15 billion, a PE ratio of 18.72, a P/E/G ratio of 0.30 and a beta of 1.60. The company has a quick ratio of 1.55, a current ratio of 1.91 and a debt-to-equity ratio of 0.03. First Solar, Inc. has a twelve month low of $116.56 and a twelve month high of $285.99. The stock’s 50 day moving average is $257.82 and its 200-day moving average is $226.45.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings results on Thursday, October 30th. The solar cell manufacturer reported $4.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.32 by ($0.08). The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.56 billion. First Solar had a return on equity of 16.61% and a net margin of 27.73%.The company’s quarterly revenue was up 79.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.91 EPS. First Solar has set its FY 2025 guidance at 14.000-15.000 EPS. Sell-side analysts expect that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

About First Solar

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.