First Solar Falls as Post-Election Rally Cools and Investors Revisit Lowered Outlook

First Solar (FSLR) is down 5.4% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely explanation is a pullback after last week’s sharp clean-energy rally, with investors rotating out of solar winners even as the broader market recovered. Ongoing caution around First Solar’s recently reduced 2026 sales and volume outlook also appears to be keeping pressure on the shares, despite the company’s profitable quarter and new buyback authorization.

Details:

First Solar jumped after the U.S. midterm election as traders bet a friendlier policy backdrop could improve the long-term outlook for renewable energy companies.

In its October 29 third-quarter update, the company cut 2026 guidance for volume sold to 16.0 GW to 17.0 GW from 17.0 GW to 18.2 GW, and reduced net sales guidance to $4.6 billion to $4.9 billion from $4.9 billion to $5.2 billion.

The same quarterly release still showed strong profitability, including third-quarter net income of $571 million and a new share repurchase authorization of up to $500 million.

This suggests today’s move may be less about a fresh negative headline and more about profit-taking and continued debate over demand timing, tariffs, and the pace of future bookings.

Sources:

First Solar, SEC, AP News, Yahoo Finance

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$FSLR Insider Trading Activity

$FSLR insiders have traded $FSLR stock on the open market 53 times in the past 6 months. Of those trades, 0 have been purchases and 53 have been sales.

Here’s a breakdown of recent trading of $FSLR stock by insiders over the last 6 months:

MARK R WIDMAR (Chief Executive Officer) has made 0 purchases and 38 sales selling 23,213 shares for an estimated $5,718,093.
CAROLINE STOCKDALE (Chief People and Comm. Officer) sold 10,628 shares for an estimated $2,929,076
MICHAEL KORALEWSKI (Chief Supply Chain Officer) has made 0 purchases and 2 sales selling 7,000 shares for an estimated $1,550,570.
MARKUS GLOECKLER (Chief Technology Officer) has made 0 purchases and 5 sales selling 5,854 shares for an estimated $1,254,694.
KUNTAL KUMAR VERMA (Chief Manufacturing Officer) has made 0 purchases and 4 sales selling 4,253 shares for an estimated $995,060.
JASON E. DYMBORT (General Counsel and Secretary) sold 3,700 shares for an estimated $922,706
PATRICK JAMES BUEHLER (Chief Product Officer) sold 3,000 shares for an estimated $906,000
SAMANTHA L. SLOAN (EVP, Corporate Affairs) sold 127 shares for an estimated $28,314

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$FSLR Hedge Fund Activity

We have seen 499 institutional investors add shares of $FSLR stock to their portfolio, and 478 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL WORLD INVESTORS added 4,114,639 shares (+inf%) to their portfolio in Q2 2026, for an estimated $970,890,218
D. E. SHAW & CO., INC. added 1,277,847 shares (+3072.9%) to their portfolio in Q2 2026, for an estimated $301,520,778
JPMORGAN CHASE & CO added 1,185,601 shares (+inf%) to their portfolio in Q2 2026, for an estimated $279,754,411
MILLENNIUM MANAGEMENT LLC removed 695,023 shares (-73.0%) from their portfolio in Q2 2026, for an estimated $163,997,627
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 662,660 shares (+inf%) to their portfolio in Q2 2026, for an estimated $156,361,253
SAMLYN CAPITAL, LLC added 534,548 shares (+104.6%) to their portfolio in Q2 2026, for an estimated $126,131,946
DEKABANK DEUTSCHE GIROZENTRALE removed 475,636 shares (-90.7%) from their portfolio in Q3 2026, for an estimated $83,312,401

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$FSLR Congressional Stock Trading

Members of Congress have traded $FSLR stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $FSLR stock by members of Congress over the last 6 months:

SENATOR JOHN BOOZMAN purchased up to $15,000 on 08/13.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$FSLR Price Targets

Multiple analysts have issued price targets for $FSLR recently. We have seen 7 analysts offer price targets for $FSLR in the last 6 months, with a median target of $300.0.

Here are some recent targets:

Andrew Percoco from Morgan Stanley set a target price of $245.0 on 07/09/2026
Corinne Blanchard from Deutsche Bank set a target price of $272.0 on 07/07/2026
Michael Blum from Wells Fargo set a target price of $320.0 on 07/06/2026
An analyst from Bernstein set a target price of $217.0 on 06/17/2026
Maheep Mandloi from Mizuho set a target price of $300.0 on 06/15/2026
Jon Windham from UBS set a target price of $330.0 on 06/11/2026
Gordon L. Johnson from GLJ Research set a target price of $315.0 on 05/28/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.