Chase Investment Counsel Corp Takes $3.30 Million Position in First Solar, Inc. $FSLR

Chase Investment Counsel Corp purchased a new position in First Solar, Inc. (NASDAQ:FSLR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,962 shares of the solar cell manufacturer’s stock, valued at approximately $3,299,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FSLR. Woodline Partners LP grew its stake in shares of First Solar by 40.7% in the first quarter. Woodline Partners LP now owns 9,044 shares of the solar cell manufacturer’s stock worth $1,143,000 after acquiring an additional 2,615 shares during the last quarter. Brookstone Capital Management bought a new stake in First Solar during the 2nd quarter valued at about $219,000. Asset Management One Co. Ltd. increased its stake in First Solar by 0.8% during the 2nd quarter. Asset Management One Co. Ltd. now owns 49,100 shares of the solar cell manufacturer’s stock valued at $8,128,000 after purchasing an additional 378 shares in the last quarter. Moloney Securities Asset Management LLC purchased a new position in First Solar in the second quarter worth about $233,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of First Solar by 1.9% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 248,731 shares of the solar cell manufacturer’s stock worth $41,175,000 after buying an additional 4,708 shares in the last quarter. Institutional investors own 92.08% of the company’s stock.

First Solar Stock Performance

NASDAQ:FSLR opened at $242.15 on Tuesday. The stock’s fifty day moving average is $245.75 and its 200 day moving average is $235.90. The firm has a market capitalization of $25.99 billion, a PE ratio of 18.60, a PEG ratio of 0.31 and a beta of 1.60. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.55 and a current ratio of 1.91. First Solar, Inc. has a fifty-two week low of $116.56 and a fifty-two week high of $285.99.

Wall Street Analyst Weigh In

Several brokerages have commented on FSLR. Needham & Company LLC increased their target price on First Solar from $286.00 to $303.00 and gave the company a “buy” rating in a research note on Monday. Roth Mkm set a $300.00 target price on shares of First Solar in a research report on Friday, October 31st. Susquehanna upped their price target on First Solar from $285.00 to $292.00 and gave the stock a “positive” rating in a research report on Wednesday, January 21st. KeyCorp reissued an “overweight” rating on shares of First Solar in a research note on Friday, October 31st. Finally, Daiwa Securities Group lifted their target price on First Solar from $215.00 to $284.00 and gave the company an “outperform” rating in a research note on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $276.24.

Key First Solar News

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

• Positive Sentiment: Needham raised its price target to $303 and kept a “buy” rating, signaling stronger analyst conviction and providing upside reference for investors. Needham Adjusts Price Target on First Solar to $303
• Positive Sentiment: Industry demand tailwind: one report says ~93% of new U.S. power capacity in 2026 will be solar, wind and batteries — a structural boost for First Solar’s module demand and project pipeline. First Solar, Enphase In Focus As 93% Of New US Power Goes Renewable
• Positive Sentiment: Competitive moat: First Solar’s global PV recycling program and recycling capabilities are highlighted as a differentiator that can lower lifecycle costs and create incremental revenue as installations reach end‑of‑life. What Strengthens First Solar’s Leadership in PV Recycling Business?
• Positive Sentiment: Political/economic support: First Solar released a study projecting support for ~40,000 U.S. jobs and ~$7.8B in annual GDP contribution by 2027 — useful for investor confidence around U.S. expansion, permitting and potential policy support. First Solar Projected to Support Nearly 40,000 American Jobs
• Neutral Sentiment: Regulatory event to watch: the U.S. Commerce Department is issuing a preliminary decision on anti‑subsidy duties for panels from India, Indonesia and Laos — an outcome that could reduce import competition (positive) or be less impactful than expected; investors should monitor the decision for supply/price implications. US to make tariff decision on solar panels
• Neutral Sentiment: Near‑term catalyst — Q4 earnings after the bell: analysts and articles preview the report, noting investors will focus on shipments, ASPs, margin trends, backlog and 2026 guidance; the print and guidance could swing the stock either way. What To Expect From First Solar’s Q4 Earnings First Solar Q4 earnings on deck: What to expect

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.