FSLR Was Down Today. What Is Up?

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
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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