Why Are People Buying FSLR Shares?

By Emilio Sanchez • Friday, July 28 16:15 • Permanent Link

First Solar stock is trading -7.22% below its average target price of $224.61 after marking a 4.8% during today's evening session. Analysts are giving the large-cap Semiconductors company an average rating of buy and target prices ranging from $157.56 to $334.0 per share.

First Solar has an average level of shares sold short, at 5.1% of its total share float. The stock's short ratio (also called days to cover) is 2.59. The company's insiders own 5.25% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.

Institutional investors own 85.5% of First Solar's shares, which indicates they have a high level of confidence in the company.

Institutions Invested in First Solar

Date Reported	Holder	Percentage	Shares	Value
2023-03-31	Blackrock Inc.	13%	13,656,540	$2,846,022,852
2023-03-31	Vanguard Group Inc	11%	11,607,279	$2,418,956,872
2023-03-31	FMR, LLC	4%	4,786,315	$997,468,016
2023-03-31	State Street Corporation	4%	4,266,552	$889,149,410
2023-03-31	Capital Research Global Investors	3%	3,179,374	$662,581,522
2023-03-31	Wellington Management Group, LLP	3%	3,105,363	$647,157,630
2023-03-31	Invesco Ltd.	3%	2,884,769	$601,185,841
2023-03-31	Geode Capital Management, LLC	2%	2,236,723	$466,133,059
2023-03-31	Schroder Investment Management Group	2%	1,988,157	$414,331,906
2023-03-31	Dimensional Fund Advisors LP	1%	1,560,798	$325,270,293

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.