Farhad Fred Ebrahimi Discloses Significant Stake in First Solar

TL;DR

**Activist investor Farhad Fred Ebrahimi just revealed a major stake in First Solar, signaling potential shake-ups ahead.**

AI Summary

Farhad Fred Ebrahimi, a significant investor, filed an initial Schedule 13D on January 26, 2024, indicating he has acquired a substantial stake in First Solar, Inc. (FSLR). This filing signals that Ebrahimi now holds more than 5% of the company's Common Stock, and he intends to potentially influence the company's management or policies. This matters to investors because a large, active shareholder like Ebrahimi could push for strategic changes, potentially impacting the stock's future performance.

Why It Matters

A new activist investor could push for changes at First Solar, potentially leading to strategic shifts or operational improvements that impact shareholder value.

Risk Assessment

Risk Level: medium — The entry of a new significant shareholder with potential activist intentions introduces uncertainty regarding future company direction and stock volatility.

Analyst Insight

Investors should monitor First Solar for any announcements regarding Farhad Fred Ebrahimi's intentions or any subsequent changes in company strategy, as this could signal potential shifts in the company's direction or valuation.

Key Players & Entities

• Farhad Fred Ebrahimi (person) — reporting person and significant investor
• First Solar, Inc. (company) — subject company (issuer)
• Brad Nelson (person) — person authorized to receive notices for the reporting person
• January 19, 2024 (date) — date of event requiring the filing
• January 26, 2024 (date) — filing date of the SC 13D

Forward-Looking Statements

• Farhad Fred Ebrahimi will engage with First Solar's management to discuss strategic initiatives. (First Solar, Inc.) — medium confidence, target: Q2 2024
• First Solar's stock price will experience increased volatility due to the new significant shareholder. (First Solar, Inc.) — medium confidence, target: Q1 2024

FAQ

From the Filing

0001193125-24-015951.txt : 20240126 0001193125-24-015951.hdr.sgml : 20240126 20240126060828 ACCESSION NUMBER: 0001193125-24-015951 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 20240126 DATE AS OF CHANGE: 20240126 GROUP MEMBERS: MARY WILKIE EBRAHIMI SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FIRST SOLAR, INC. CENTRAL INDEX KEY: 0001274494 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 204623678 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-82789 FILM NUMBER: 24564017 BUSINESS ADDRESS: STREET 1: 350 WEST WASHINGTON STREET STREET 2: SUITE 600 CITY: TEMPE STATE: AZ ZIP: 85288 BUSINESS PHONE: (602) 414-9300 MAIL ADDRESS: STREET 1: 350 WEST WASHINGTON STREET STREET 2: SUITE 600 CITY: TEMPE STATE: AZ ZIP: 85288 FORMER COMPANY: FORMER CONFORMED NAME: FIRST SOLAR HOLDINGS LLC DATE OF NAME CHANGE: 20031229 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: EBRAHIMI FARHAD FRED CENTRAL INDEX KEY: 0001071351 ORGANIZATION NAME: FILING VALUES: FORM TYPE: SC 13D MAIL ADDRESS: STREET 1: 191 UNIVERSITY BLVD. STREET 2: #246 CITY: DENVER STATE: CO ZIP: 80206 SC 13D 1 d740173dsc13d.htm SC 13D SC 13D SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) (Amendment No. )* First Solar, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 336433107 (CUSIP Number) Brad Nelson 191 University Blvd, Suite 246 Denver, Colorado 80206 (239) 970-4085 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) January 19, 2024 (Date of Event Which Requires Filing of This Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box ☐ NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).  1   NAMES OF REPORTING PERSONS  Farhad Fred Ebrahimi  2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)  (a) ☐  (b) ☐  3  SEC USE ONLY  4  SOURCE OF FUNDS (See Instructions)  PF  5  CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)  ☐  6  CITIZENSHIP OR PLACE OF ORGANIZATION  United States NUMBER OF SHARES  BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH  7   SOLE VOTING POWER  0 shares  8  SHARED VOTING POWER  5,451,425 shares  9  SOLE DISPOSITIVE POWER  0 shares 10  SHARED DISPOSITIVE POWER  5,451,425 shares 11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  5,451,425 shares 12  CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ( See Instructions)  ☐ 13  PERCENT OF CLASS REPRESENTED BY AMOUNT I