SCHEDULE: Citadel Discloses 5.3% Stake in First Solar

Citadel entities and Kenneth Griffin have disclosed beneficial ownership of up to 5.3% of First Solar, Inc.'s common stock.

Summary

• Kenneth Griffin, through various Citadel entities, has disclosed beneficial ownership of 5,681,838 shares of First Solar, Inc. common stock, representing 5.3% of the class outstanding.
• Citadel Securities GP LLC and Citadel Securities Group LP each beneficially own 5,205,210 shares, or 4.9% of the outstanding shares.
• Citadel Securities LLC beneficially owns 4,713,477 shares, representing 4.4% of the outstanding shares.
• Citadel Advisors LLC, Citadel Advisors Holdings LP, and Citadel GP LLC each beneficially own 476,628 shares, or 0.4% of the outstanding shares.
• All reported shares are held with shared voting and shared dispositive power; no reporting person holds sole voting or sole dispositive power.
• The percentages are based on 107,244,479 shares of First Solar, Inc. common stock outstanding as of April 25, 2025, as reported in the issuer's Form 10-Q.
• The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of First Solar, Inc.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the company's performance or prospects.

Risks

• The filing certifies that the shares were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of the issuer, indicating a passive investment.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding First Solar, Inc.'s future performance or outlook.

Industry Context

This filing reflects a significant investment by Citadel, a prominent financial institution, in First Solar, a leading company in the solar energy sector. Such disclosures provide transparency into institutional holdings within the renewable energy industry, which continues to attract substantial investment interest.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership in First Solar, Inc.

Key Dates

Keywords

First Solar, Citadel, Kenneth Griffin, Beneficial Ownership, Schedule 13G, Solar Energy, Investment, Passive Stake