Insider Selling: First Solar (NASDAQ:FSLR) CAO Sells 96 Shares of Stock

March 18, 2026 by InsiderTrades.com

Key Points

CFO Alexander Bradley sold 14,106 shares on March 17 at an average price of $199.97 for about $2.82M, reducing his holding by ~31.98% to 30,000 shares (≈$6.0M).
Concentrated insider selling and legal risk: Multiple senior executives also sold sizable stakes and Pomerantz LLP has launched an investor investigation, which may raise headline volatility and investor concern.
Mixed results but positive analyst view: First Solar missed Q1 EPS estimates ($4.84 vs. $5.22) but beat revenue ($1.68B), and analysts maintain a consensus "Moderate Buy" with an average price target of $248.17.

First Solar, Inc. (NASDAQ:FSLR - Get Free Report) CAO Nathan Theurer sold 96 shares of First Solar stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $199.53, for a total transaction of $19,154.88. The transaction was disclosed in a filing with the SEC, which is available through this link.

First Solar Stock Performance

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FSLR stock opened at $200.42 on Wednesday. The company has a quick ratio of 2.35, a current ratio of 2.67 and a debt-to-equity ratio of 0.03. The firm has a market cap of $21.51 billion, a PE ratio of 14.10, a P/E/G ratio of 0.35 and a beta of 1.65. The business has a 50 day moving average of $224.42 and a 200-day moving average of $236.51. First Solar, Inc. has a 12-month low of $116.56 and a 12-month high of $285.99.

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

Analyst Upgrades and Downgrades

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A number of brokerages recently weighed in on FSLR. HSBC reissued a "hold" rating and issued a $211.00 price target (down from $280.00) on shares of First Solar in a report on Wednesday, February 25th. Jefferies Financial Group restated a "hold" rating and set a $205.00 price objective on shares of First Solar in a report on Thursday, February 26th. Wall Street Zen lowered shares of First Solar from a "buy" rating to a "hold" rating in a research report on Saturday, February 28th. Wolfe Research downgraded shares of First Solar from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 26th. Finally, TD Cowen decreased their price target on shares of First Solar from $320.00 to $253.00 and set a "buy" rating for the company in a research note on Wednesday, February 25th. Twenty investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $248.17.

Check Out Our Latest Report on First Solar

Hedge Funds Weigh In On First Solar

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Several large investors have recently modified their holdings of the business. Aventura Private Wealth LLC purchased a new stake in shares of First Solar during the 4th quarter valued at approximately $25,000. Reflection Asset Management purchased a new position in First Solar in the 4th quarter valued at approximately $26,000. Commonwealth Retirement Investments LLC purchased a new position in First Solar in the 4th quarter valued at approximately $26,000. Larson Financial Group LLC raised its holdings in First Solar by 117.0% during the 4th quarter. Larson Financial Group LLC now owns 102 shares of the solar cell manufacturer's stock valued at $27,000 after acquiring an additional 55 shares during the period. Finally, Elyxium Wealth LLC purchased a new stake in shares of First Solar during the fourth quarter worth $30,000. Hedge funds and other institutional investors own 92.08% of the company's stock.

Key Headlines Impacting First Solar

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

Positive Sentiment: Guggenheim kept a Buy rating on FSLR while lowering its price target to $269 (from $312), which still implies meaningful upside and signals continued institutional support. Guggenheim price target update
Positive Sentiment: Media/analyst pieces are highlighting First Solar as an undervalued renewable-energy stock (attractive forward P/E cited), reinforcing a value/mean‑reversion thesis that can attract buyers. InsiderMonkey undervalued stocks article
Neutral Sentiment: Evercore ISI trimmed its price target to $212 (from $241) while keeping an In Line rating — a modest re‑calibration of expectations rather than a bearish downgrade. Evercore ISI price target cut
Neutral Sentiment: Multiple small insider dispositions were reported (routine sales by several executives at ~\$200.80), which individual investors often view as standard liquidity events rather than a firm signal. Representative SEC filing: Georges Antoun Form 4. Antoun Form 4
Negative Sentiment: Concentrated executive selling: several senior officers sold significant stakes (notably the CFO's ~14,106-share sale — a ~31.98% reduction — and large reductions by the General Counsel and CEO). Clustered large sales by management can hurt sentiment and raise questions about timing/insider views. Representative SEC filing: CFO Form 4. CFO Form 4
Negative Sentiment: Pomerantz LLP issued an investor alert announcing an investigation into First Solar, introducing legal risk and potential headline-driven volatility that investors should monitor. Pomerantz investor alert

About First Solar

(Get 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.