First Solar, Inc. $FSLR Shares Purchased by AMF Tjanstepension AB

AMF Tjanstepension AB raised its stake in First Solar, Inc. (NASDAQ:FSLR) by 772.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 185,017 shares of the solar cell manufacturer’s stock after purchasing an additional 163,810 shares during the period. AMF Tjanstepension AB owned 0.17% of First Solar worth $40,802,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Mn Services Vermogensbeheer B.V. increased its holdings in shares of First Solar by 2.7% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 38,500 shares of the solar cell manufacturer’s stock valued at $8,490,000 after purchasing an additional 1,000 shares in the last quarter. Orion Capital Management LLC boosted its holdings in First Solar by 6.0% during the third quarter. Orion Capital Management LLC now owns 5,300 shares of the solar cell manufacturer’s stock worth $1,169,000 after buying an additional 300 shares in the last quarter. Westfuller Advisors LLC acquired a new position in First Solar during the third quarter worth about $52,000. iA Global Asset Management Inc. purchased a new position in First Solar in the third quarter valued at about $3,634,000. Finally, Quadrant Private Wealth Management LLC lifted its position in shares of First Solar by 0.5% during the 3rd quarter. Quadrant Private Wealth Management LLC now owns 17,011 shares of the solar cell manufacturer’s stock valued at $3,751,000 after acquiring an additional 93 shares during the period. Hedge funds and other institutional investors own 92.08% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Needham & Company LLC started coverage on shares of First Solar in a report on Wednesday, October 22nd. They set a “buy” rating and a $286.00 target price for the company. Wolfe Research raised their price objective on shares of First Solar from $232.00 to $247.00 in a research note on Friday, October 31st. Mizuho lifted their price objective on First Solar from $278.00 to $335.00 in a research report on Friday, October 31st. UBS Group upped their target price on First Solar from $275.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Finally, KeyCorp reissued an “overweight” rating on shares of First Solar in a research report on Friday, October 31st. One investment 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $276.76.

Insider Buying and Selling

In related news, Director Paul H. Stebbins sold 7,000 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were 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 owned 15,287 shares of the company’s stock, valued at approximately $4,011,308.80. This represents a 31.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Georges Antoun sold 37,412 shares of First Solar stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $265.01, for a total transaction of $9,914,554.12. Following the transaction, the insider directly owned 15,424 shares in the company, valued at approximately $4,087,514.24. This trade represents a 70.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 48,912 shares of company stock valued at $12,971,349. Insiders own 0.48% of the company’s stock.

Key Headlines Impacting First Solar

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

• Positive Sentiment: Susquehanna raised its price target to $292 and kept a “positive” rating — a bullish signal implying meaningful upside from current levels. Susquehanna raises PT to $292
• Positive Sentiment: Royal Bank of Canada boosted its price target to $258, another analyst lift that supports investor confidence. RBC boosts PT to $258
• Positive Sentiment: U.S. Patent Office backing TOPCon-related protections for First Solar strengthens the company’s IP position and could improve long‑term valuation vs. competitors. Patent office backs TOPCon protections
• Positive Sentiment: Prominent market commentators (e.g., Josh Brown) are highlighting First Solar as a top pick, which can attract flows from discretionary investors. Josh Brown spotlights First Solar
• Positive Sentiment: Positive industry narratives (coverage on Saudi Arabia’s big solar push) are increasing interest in leading solar names, benefiting First Solar as a market share/technology leader. Saudi Arabia solar coverage
• Neutral Sentiment: Brokerages still show overall favorable positioning — consensus rated “Moderate Buy” — which is supportive but not unequivocally bullish. Consensus “Moderate Buy”
• Neutral Sentiment: First Solar is seeing heavy investor search/attention, which can amplify moves in either direction depending on follow‑through news. Investors heavily search FSLR
• Neutral Sentiment: Bank of America trimmed its price target to $271 but maintained a “buy” — a modest downgrade in upside expectations rather than a sell signal. BofA lowers PT to $271, keeps buy
• Negative Sentiment: Short‑term underperformance vs. peers and a recent session where the stock declined have raised near‑term caution among momentum traders. Underperforms competitors
• Negative Sentiment: Multiple legal actions and investor investigations (Pomerantz alert, potential class action filings) increase regulatory and litigation risk, a clear negative for sentiment and potential future costs. Pomerantz investor alert Class action report
• Negative Sentiment: Recent sell ratings and a new published “sell” note add downward pressure and can trigger stops or short interest. New sell rating reported

First Solar Stock Up 1.0%

Shares of NASDAQ:FSLR opened at $242.15 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.55 and a debt-to-equity ratio of 0.03. The firm has a market cap of $25.99 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 0.30 and a beta of 1.60. The stock’s 50-day moving average price is $257.26 and its two-hundred day moving average price is $227.42. First Solar, Inc. has a 12-month low of $116.56 and a 12-month high of $285.99.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings data on Thursday, October 30th. The solar cell manufacturer reported $4.24 EPS for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.08). First Solar had a net margin of 27.73% and a return on equity of 16.61%. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same period in the prior year, the company earned $2.91 EPS. The company’s revenue was up 79.7% compared to the same quarter last year. First Solar has set its FY 2025 guidance at 14.000-15.000 EPS. On average, research analysts forecast that First Solar, Inc. will post 13.05 EPS for the current 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.