First Solar, Inc. (FSLR) Shares Sold by CoreCommodity Management LLC

CoreCommodity Management LLC decreased its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 36.2% during the 4th quarter, HoldingsChannel reports. The firm owned 4,700 shares of the solar cell manufacturer’s stock after selling 2,671 shares during the quarter. CoreCommodity Management LLC’s holdings in First Solar were worth $200,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in FSLR. Cambridge Investment Research Advisors Inc. increased its stake in shares of First Solar by 38.9% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 15,358 shares of the solar cell manufacturer’s stock worth $744,000 after buying an additional 4,305 shares during the last quarter. ING Groep NV bought a new stake in shares of First Solar in the third quarter worth $259,000. SG Americas Securities LLC boosted its holdings in First Solar by 38.9% in the third quarter. SG Americas Securities LLC now owns 54,913 shares of the solar cell manufacturer’s stock worth $2,659,000 after purchasing an additional 15,391 shares during the period. Ffcm LLC boosted its holdings in First Solar by 1,217.6% in the third quarter. Ffcm LLC now owns 9,039 shares of the solar cell manufacturer’s stock worth $194,000 after purchasing an additional 8,353 shares during the period. Finally, MML Investors Services LLC boosted its holdings in First Solar by 30.1% in the third quarter. MML Investors Services LLC now owns 6,491 shares of the solar cell manufacturer’s stock worth $314,000 after purchasing an additional 1,501 shares during the period. Institutional investors own 59.97% of the company’s stock.

In other news, CFO Alexander R. Bradley sold 1,254 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $51.30, for a total transaction of $64,330.20. Following the completion of the transaction, the chief financial officer now owns 8,887 shares of the company’s stock, valued at $455,903.10. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Alexander R. Bradley sold 6,427 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $53.65, for a total transaction of $344,808.55. Following the transaction, the chief financial officer now directly owns 6,427 shares of the company’s stock, valued at approximately $344,808.55. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,662 shares of company stock valued at $458,862. Corporate insiders own 0.54% of the company’s stock.

FSLR has been the subject of a number of research reports. Argus raised shares of First Solar from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Tuesday, December 4th. BidaskClub raised shares of First Solar from a “sell” rating to a “hold” rating in a report on Friday, January 25th. ValuEngine raised shares of First Solar from a “hold” rating to a “buy” rating in a report on Thursday, December 13th. Roth Capital set a $65.00 price objective on shares of First Solar and gave the stock a “buy” rating in a report on Friday, December 7th. Finally, Goldman Sachs Group lifted their price objective on shares of First Solar from $39.00 to $46.00 and gave the stock a “neutral” rating in a report on Sunday, December 9th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $63.40.

First Solar stock opened at $53.71 on Friday. First Solar, Inc. has a 12 month low of $36.51 and a 12 month high of $81.72. The firm has a market capitalization of $5.71 billion, a price-to-earnings ratio of 39.49, a price-to-earnings-growth ratio of 1.58 and a beta of 1.27. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.57 and a quick ratio of 4.11.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings results on Thursday, February 21st. The solar cell manufacturer reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.15). First Solar had a net margin of 6.43% and a return on equity of 2.80%. The firm had revenue of $691.00 million for the quarter, compared to analyst estimates of $812.52 million. During the same period last year, the firm posted ($0.25) EPS. The business’s revenue was up 103.8% compared to the same quarter last year. On average, analysts anticipate that First Solar, Inc. will post 2.48 earnings per share for the current fiscal year.

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First Solar Profile

First Solar, Inc provides photovoltaic (PV) solar energy solutions in the United States and internationally. It operates in two segments, Modules and Systems. The Components segment designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity. This segment offers its products to integrators and operators of PV solar power systems.

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Institutional Ownership by Quarter for First Solar (NASDAQ:FSLR)

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