Michael Koralewski, First Solar, Inc.’s Chief Supply Chain Officer, completed a sale of 756 shares of common stock on March 9, 2026, at a per-share price of $190.36, yielding proceeds of $143,912, according to a Form 4 filed with the Securities and Exchange Commission.
The filing also records a separate transaction on March 6, 2026, in which Koralewski was issued 1,854 shares of First Solar common stock upon the vesting of restricted stock units. Those shares were reported as issued upon vesting and involved no payment.
Both the disposition and the issuance are recorded in the company’s insider filing and provide a contemporaneous view of the chief supply chain officer’s equity changes in early March 2026.
Analyst reaction following company results
In the wake of First Solar’s most recent quarterly report and its fiscal 2026 outlook, a number of sell-side firms have adjusted their views and valuations. Deutsche Bank moved to downgrade the stock to Hold from Buy after First Solar’s fourth-quarter earnings missed expectations by 6% and the company’s 2026 revenue guidance came in 17% below Street expectations.
GLJ Research also shifted its recommendation to Hold, citing the company’s 2026 guidance as a significant miss across all metrics. HSBC downgraded First Solar to Hold as well, setting a price target of $211 and pointing to fiscal 2026 guidance that was weaker than expected.
By contrast, Barclays kept an Overweight rating but trimmed its price target to $228, signaling a relatively constructive stance despite valuation concerns. Jefferies lowered its price target to $205 while maintaining a Hold rating, noting that the company’s guidance fell short of already reduced expectations.
The combination of the insider filing and the recent wave of analyst revisions underscores the market scrutiny on First Solar’s near-term financial outlook as presented in its latest results and guidance.