1,589 Shares in First Solar, Inc. (NASDAQ:FSLR) Bought by Tempus Wealth Planning LLC

Tempus Wealth Planning LLC bought a new stake in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,589 shares of the solar cell manufacturer's stock, valued at approximately $280,000.

A number of other institutional investors have also recently made changes to their positions in the company. Western Financial Corp CA acquired a new stake in shares of First Solar in the 3rd quarter worth $1,209,000. Whalen Wealth Management Inc. grew its stake in shares of First Solar by 47.0% in the 4th quarter. Whalen Wealth Management Inc. now owns 4,859 shares of the solar cell manufacturer's stock valued at $856,000 after buying an additional 1,554 shares during the period. Stifel Financial Corp raised its position in shares of First Solar by 36.9% during the 3rd quarter. Stifel Financial Corp now owns 21,446 shares of the solar cell manufacturer's stock valued at $5,350,000 after buying an additional 5,780 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in First Solar by 9.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 595,267 shares of the solar cell manufacturer's stock valued at $104,910,000 after acquiring an additional 49,074 shares during the last quarter. Finally, iA Global Asset Management Inc. grew its position in First Solar by 802.1% in the third quarter. iA Global Asset Management Inc. now owns 20,460 shares of the solar cell manufacturer's stock worth $5,104,000 after acquiring an additional 18,192 shares during the period. 92.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FSLR. Citigroup raised First Solar from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $200.00 to $254.00 in a research report on Tuesday, October 22nd. Piper Sandler boosted their price target on shares of First Solar from $210.00 to $250.00 and gave the company an "overweight" rating in a research note on Monday, December 2nd. The Goldman Sachs Group lowered their price objective on shares of First Solar from $311.00 to $279.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. Mizuho cut their target price on First Solar from $274.00 to $257.00 and set a "neutral" rating on the stock in a research report on Thursday, October 31st. Finally, Susquehanna lowered their price target on First Solar from $280.00 to $252.00 and set a "positive" rating for the company in a research report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $276.29.

First Solar Stock Performance

FSLR stock traded up $0.67 on Friday, hitting $168.34. The company's stock had a trading volume of 1,640,032 shares, compared to its average volume of 2,265,855. The stock has a market cap of $18.02 billion, a price-to-earnings ratio of 14.50, a price-to-earnings-growth ratio of 0.19 and a beta of 1.47. The firm has a 50 day moving average of $184.14 and a two-hundred day moving average of $204.31. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05. First Solar, Inc. has a 1 year low of $141.70 and a 1 year high of $306.77.

First Solar Profile

First Solar, Inc, a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules.