American Century Companies Reduces Stake in First Solar Inc.

August 31, 2025 - New York

American Century Companies Inc. disclosed today that it has slashed its holding in First Solar, Inc. (NASDAQ: FSLR), reducing its position by 52.4 percent during the second quarter, according to the firm’s most recent 13F filing with the Securities and Exchange Commission.

The asset manager’s move comes after First Solar reported second-quarter earnings of $3.18 per share, beating consensus estimates by $0.50, and revenue of $1.10 billion, up 8.6 percent year-over-year. First Solar also reaffirmed its full-year guidance, projecting earnings per share between $13.50 and $16.50 for fiscal 2025.

Several analysts have recently updated their price targets on First Solar, reflecting mixed sentiment around the company’s outlook. TD Cowen raised its target from $200 to $220, while BMO Capital Markets lifted its target from $194 to $203, both maintaining “buy” ratings. Royal Bank of Canada increased its target to $200, and Mizuho set a $278 target, underscoring confidence in First Solar’s long-term prospects despite the reduced stake by American Century Companies.

The reduction by American Century aligns with broader portfolio adjustments seen across the renewable energy sector as investors reassess allocations following policy changes and evolving market dynamics.