First Solar Slides as Traders Weigh Legal Overhang and Await Late-July Results

First Solar (FSLR) is down 3.6% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely explanation is a mix of profit-taking and caution rather than a single fresh negative shock. The company set its second-quarter earnings release for July 30, while an ongoing securities lawsuit tied to tariff-related disclosures continues to hang over sentiment; this could also reflect investors resetting expectations after this week’s major project-related headlines.

Details:

The company announced on July 16 that it will report second-quarter 2026 results on July 30, which may have shifted attention toward near-term execution and guidance risk.

Investor notices circulated this month over a securities case alleging the company understated the impact of tariff-related production decisions and relocation costs, leaving a legal overhang on the shares.

First Solar’s first-quarter materials showed it had reaffirmed 2026 guidance, but also highlighted exposure to the political and trade environment and the effect of tariffs on operations.

Earlier this week, Google and Cypress Creek broke ground on a massive Arkansas solar-and-storage project that includes First Solar panels, so today’s weakness could partly be simple giveback after recent optimism around demand for U.S.-made modules.

Sources:

Business Wire, SEC, PR Newswire, Google

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 135 times in the past 6 months. Of those trades, 0 have been purchases and 135 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 45 sales selling 39,951 shares for an estimated $9,006,224.
ALEXANDER R. BRADLEY (Chief Financial Officer) has made 0 purchases and 12 sales selling 20,144 shares for an estimated $4,006,656.
CAROLINE STOCKDALE (Chief People and Comm. Officer) has made 0 purchases and 8 sales selling 13,916 shares for an estimated $3,574,289.
JASON E. DYMBORT (General Counsel and Secretary) has made 0 purchases and 8 sales selling 14,367 shares for an estimated $2,850,749.
KUNTAL KUMAR VERMA (Chief Manufacturing Officer) has made 0 purchases and 15 sales selling 11,825 shares for an estimated $2,491,626.
MARKUS GLOECKLER (Chief Technology Officer) has made 0 purchases and 8 sales selling 9,178 shares for an estimated $1,804,644.
PATRICK JAMES BUEHLER (Chief Product Officer) has made 0 purchases and 8 sales selling 5,473 shares for an estimated $1,392,158.
GEORGES ANTOUN (Chief Commercial Officer) has made 0 purchases and 7 sales selling 3,560 shares for an estimated $703,529.
MICHAEL KORALEWSKI (Chief Supply Chain Officer) has made 0 purchases and 7 sales selling 2,565 shares for an estimated $503,870.
NATHAN B. THEURER (VP - Global Controller and CAO) has made 0 purchases and 10 sales selling 766 shares for an estimated $149,999.
SAMANTHA L. SLOAN (EVP, Corporate Affairs) has made 0 purchases and 7 sales selling 553 shares for an estimated $107,620.

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.

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$FSLR Hedge Fund Activity

We have seen 398 institutional investors add shares of $FSLR stock to their portfolio, and 498 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC removed 4,726,367 shares (-72.3%) from their portfolio in Q1 2026, for an estimated $917,576,889
BLACKROCK, INC. added 1,209,336 shares (+9.6%) to their portfolio in Q1 2026, for an estimated $234,780,491
MORGAN STANLEY removed 838,945 shares (-33.3%) from their portfolio in Q1 2026, for an estimated $162,872,782
MILLENNIUM MANAGEMENT LLC added 770,253 shares (+424.2%) to their portfolio in Q1 2026, for an estimated $149,536,917
WELLINGTON MANAGEMENT GROUP LLP removed 754,003 shares (-67.0%) from their portfolio in Q1 2026, for an estimated $146,382,142
POLAR CAPITAL HOLDINGS PLC removed 651,628 shares (-85.1%) from their portfolio in Q1 2026, for an estimated $126,507,059
PRICE T ROWE ASSOCIATES INC /MD/ removed 647,459 shares (-80.0%) from their portfolio in Q1 2026, for an estimated $125,697,690

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, 0 have been purchases and 1 have been sales.

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

REPRESENTATIVE GILBERT RAY CISNEROS, JR. sold up to $15,000 on 02/10.

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 18 analysts offer price targets for $FSLR in the last 6 months, with a median target of $247.5.

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.