This afternoon we watched First Solar drop -3.8% to a price of $177.6 per share. The large-cap Semiconductors company is now trading -21.37% below its average target price of $225.86. Analysts have set target prices ranging from $157.56 to $277.0 per share for First Solar, and have given the stock an average rating of buy.
First Solar's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 4.8%. The stock's short ratio is 1.19. The company's insiders own 5.27% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 84.9%. In conclusion, we believe there is positive market sentiment regarding First Solar.
Institutions Invested in First Solar
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Blackrock Inc. | 13% | 13,656,540 | $2,425,401,587 |
| 2023-03-31 | Vanguard Group, Inc. (The) | 11% | 11,607,279 | $2,061,452,821 |
| 2023-03-31 | FMR, LLC | 4% | 4,786,315 | $850,049,573 |
| 2023-03-31 | State Street Corporation | 4% | 4,266,552 | $757,739,661 |
| 2023-03-31 | Capital Research Global Investors | 3% | 3,179,374 | $564,656,841 |
| 2023-03-31 | Wellington Management Group, LLP | 3% | 3,105,363 | $551,512,487 |
| 2023-03-31 | Invesco Ltd. | 3% | 2,884,769 | $512,334,992 |
| 2023-03-31 | Geode Capital Management, LLC | 2% | 2,236,723 | $397,242,018 |
| 2023-03-31 | Schroder Investment Management Group | 2% | 1,988,157 | $353,096,695 |
| 2023-03-31 | Dimensional Fund Advisors LP | 1% | 1,560,798 | $277,197,734 |
