First Solar, Inc. $FSLR Shares Bought by Lumbard & Kellner LLC

Lumbard & Kellner LLC lifted its position in shares of First Solar, Inc. (NASDAQ:FSLR — Free Report) by 68.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,553 shares of the solar cell manufacturer’s stock after acquiring an additional 17,339 shares during the period. First Solar makes up about 3.5% of Lumbard & Kellner LLC’s portfolio, making the stock its 6th largest holding. Lumbard & Kellner LLC’s holdings in First Solar were worth $9,384,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in FSLR. Vanguard Group Inc. raised its position in First Solar by 3.5% during the third quarter. Vanguard Group Inc. now owns 13,721,979 shares of the solar cell manufacturer’s stock valued at $3,026,108,000 after purchasing an additional 464,130 shares in the last quarter. State Street Corp increased its stake in shares of First Solar by 2.1% in the 2nd quarter. State Street Corp now owns 5,326,082 shares of the solar cell manufacturer’s stock valued at $881,680,000 after purchasing an additional 111,927 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of First Solar by 0.9% during the 2nd quarter. Geode Capital Management LLC now owns 2,857,848 shares of the solar cell manufacturer’s stock worth $471,927,000 after buying an additional 26,476 shares in the last quarter. Viking Global Investors LP raised its holdings 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 buying an additional 854,919 shares in the last quarter. Finally, Schroder Investment Management Group lifted its position in shares of First Solar by 3.7% during the 2nd quarter. Schroder Investment Management Group now owns 1,350,084 shares of the solar cell manufacturer’s stock worth $223,493,000 after buying an additional 47,646 shares during the last quarter. Institutional investors and hedge funds own 92.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FSLR. DZ Bank upgraded First Solar to a “strong sell” rating in a research report on Thursday. TD Cowen reduced their price target on shares of First Solar from $320.00 to $253.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. Susquehanna lowered their price objective on shares of First Solar from $292.00 to $280.00 and set a “positive” rating for the company in a research report on Wednesday, February 25th. Wolfe Research downgraded shares of First Solar from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Finally, Rothschild & Co Redburn raised their target price on shares of First Solar from $150.00 to $260.00 and gave the company a “neutral” rating in a research report on Thursday, November 13th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $257.91.

Read Our Latest Stock Report on FSLR

First Solar Stock Performance

Shares of First Solar stock opened at $197.20 on Monday. The stock has a market cap of $21.16 billion, a price-to-earnings ratio of 13.88, a P/E/G ratio of 0.30 and a beta of 1.65. First Solar, Inc. has a twelve month low of $116.56 and a twelve month high of $285.99. The company’s fifty day moving average is $241.94 and its 200 day moving average is $236.70. The company has a quick ratio of 2.35, a current ratio of 2.67 and a debt-to-equity ratio of 0.03.

First Solar (NASDAQ:FSLR — Get Free Report) last announced its earnings results on Tuesday, February 24th. The solar cell manufacturer reported $4.84 EPS for the quarter, missing the consensus estimate of $5.22 by ($0.38). The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.59 billion. First Solar had a return on equity of 17.32% and a net margin of 29.28%.The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.65 earnings per share. Sell-side analysts forecast that First Solar, Inc. will post 13.05 EPS for the current year.

First Solar News Summary

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

• Positive Sentiment: U.S. tariffs on Indian solar manufacturers reduce potential low-cost competition for U.S. demand, which could benefit domestic suppliers like First Solar. India Tariff Article
• Positive Sentiment: Some analysts and commentators view the post-earnings pullback as a buying opportunity — a “buy the weakness” thesis highlighting long-term project backlog and subsidy support (45X tax credits) for near-term profitability. Seeking Alpha Buy Thesis
• Positive Sentiment: Coverage noting First Solar’s role in clean-energy gains on the Nasdaq could support positive sentiment among sector-focused investors. Kalkine Media
• Neutral Sentiment: Wells Fargo trimmed its price target (to $255) but kept an overweight stance — a mixed signal that reduces upside expectations while retaining conviction. Wells Fargo/PT Cut
• Neutral Sentiment: Goldman Sachs and JPMorgan also lowered price targets (Goldman to $300, JPM to $256) but maintained buy/overweight ratings, signaling confidence in medium-term fundamentals despite near-term revisions. Goldman/JPM PT Changes
• Neutral Sentiment: Market-wide weakness in the S&P 500 and tech dragged sentiment this week, amplifying pressure on cyclical/clean-energy names including FSLR. S&P 500 Weekly
• Neutral Sentiment: Short-interest data reported is effectively negligible/ambiguous (zero shares reported), so short squeezes are unlikely to be a driver at present.
• Negative Sentiment: Management issued weak sales/guidance for 2026 and disappointing Q1 guidance, which triggered a sharp share decline as investors reassess revenue and backlog trajectory. Weak Guidance
• Negative Sentiment: First Solar reported Q4 EPS below consensus despite revenue beat; margin reliance on tax credits (45X) and tapering backlog raise longer-term risk concerns. Earnings Risks
• Negative Sentiment: Wolfe Research downgraded FSLR from “strong-buy” to “hold,” and other outlets note gap-down trading and steep short-term losses — analyst skepticism is pressuring sentiment. Wolfe Research Downgrade
• Negative Sentiment: Pomerantz law firm opened an investor investigation, introducing potential legal/financial risk and adding to short-term uncertainty. Investor Investigation

First Solar Company Profile

(Free Report)

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.

Further Reading

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