Castleark Management LLC Buys 2,480 Shares of First Solar, Inc. $FSLR

Castleark Management LLC lifted its stake in First Solar, Inc. (NASDAQ:FSLR) by 85.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,380 shares of the solar cell manufacturer’s stock after acquiring an additional 2,480 shares during the quarter. Castleark Management LLC’s holdings in First Solar were worth $1,061,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of FSLR. Norges Bank bought a new stake in First Solar in the fourth quarter valued at approximately $392,040,000. Viking Global Investors LP boosted its stake in shares of First Solar by 60.6% during the 2nd 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 period. Polar Capital Holdings Plc bought a new position in shares of First Solar during the 4th quarter worth approximately $200,109,000. Lightrock Netherlands B.V. increased its holdings in shares of First Solar by 2,663.8% during the 4th quarter. Lightrock Netherlands B.V. now owns 666,307 shares of the solar cell manufacturer’s stock worth $174,059,000 after acquiring an additional 642,199 shares during the last quarter. Finally, Amundi increased its holdings in shares of First Solar by 38.6% during the 3rd quarter. Amundi now owns 2,025,835 shares of the solar cell manufacturer’s stock worth $459,917,000 after acquiring an additional 564,032 shares during the last quarter. Institutional investors own 92.08% of the company’s stock.

Insider Buying and Selling at First Solar

In other news, insider Caroline Stockdale sold 10,628 shares of First Solar stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $275.60, for a total value of $2,929,076.80. Following the completion of the sale, the insider owned 23,792 shares in the company, valued at $6,557,075.20. The trade was a 30.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Alexander R. Bradley sold 498 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $215.63, for a total transaction of $107,383.74. Following the transaction, the chief financial officer owned 30,712 shares in the company, valued at $6,622,428.56. This represents a 1.60% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 31,893 shares of company stock valued at $7,893,775 over the last three months. 0.39% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FSLR. Citigroup reissued a “buy” rating on shares of First Solar in a research report on Wednesday, July 22nd. Guggenheim lifted their target price on shares of First Solar from $269.00 to $279.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. TD Cowen reiterated a “buy” rating on shares of First Solar in a research note on Monday, July 20th. Susquehanna increased their price target on shares of First Solar from $250.00 to $270.00 and gave the company a “positive” rating in a report on Friday, July 10th. Finally, HSBC raised their price objective on shares of First Solar from $211.00 to $231.00 and gave the stock a “hold” rating in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, First Solar presently has an average rating of “Moderate Buy” and an average target price of $257.10.

Trending Headlines about First Solar

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

• Positive Sentiment: Roth Capital reportedly assigned First Solar a “Buy” rating, providing a favorable analyst signal ahead of earnings. First Solar Earns Buy Rating from Roth Capital
• Positive Sentiment: First Solar is drawing investor attention as earnings week begins. The report could provide a near-term catalyst, particularly given the company’s latest quarterly results, which exceeded consensus EPS and revenue estimates and showed year-over-year revenue growth. First Solar climbs into focus as earnings week opens
• Neutral Sentiment: A financial commentary piece highlighted that strong cash generation does not always lead to superior stock returns, suggesting investors should assess First Solar’s spending efficiency, demand outlook and competitive positioning rather than rely solely on cash-flow strength. 2 Cash-Producing Stocks with Promising Prospects and 1 That Underwhelm
• Negative Sentiment: Several law firms publicized an existing securities class action against First Solar and certain officers, alleging violations of federal securities laws for investors who purchased shares from February 26, 2025, through February 24, 2026. The notices set an August 24, 2026 deadline for investors seeking lead-plaintiff status. The announcements may pressure sentiment and raise potential legal and reputational risks, though they are largely duplicative solicitations and do not establish liability. Kaplan Fox First Solar class action deadline Robbins LLP First Solar securities class action

First Solar Stock Performance

NASDAQ FSLR opened at $205.83 on Tuesday. The firm’s fifty day moving average price is $248.03 and its two-hundred day moving average price is $226.16. The stock has a market cap of $22.12 billion, a PE ratio of 13.30, a PEG ratio of 0.45 and a beta of 1.73. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.15 and a current ratio of 2.56. First Solar, Inc. has a fifty-two week low of $171.99 and a fifty-two week high of $320.95.

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

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.