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First Solar, Inc. (FSLR)

POSITIVE
TechnologySolarUnited States

Price

$211.03

Market Cap

$22.68B

Fundamental

74

Technical

85

Composite

77

AI Analysis

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Overview

First Solar, Inc., a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally. The company manufactures and sells PV solar modules with thin film semiconductor technology that provides conventional crystalline silicon PV solar modules. It also designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity. The company serves system developers, independent power producers, utilities, commercial and industrial companies, large corporate energy buyers, and other system owners and operators. The company was formerly known as First Solar Holdings, Inc. and changed its name to First Solar, Inc. in 2006. First Solar, Inc. was founded in 1999 and is headquartered in Phoenix, Arizona.

Balance Sheet & Liquidity

Revenue

$1.59B

Net Income

$456M

Free Cash Flow

$1.05B

Total Equity

$9.02B

Total Liabilities

$4.44B

Current Ratio

1.91

Interest Coverage

-

Debt/EBITDA

9.53

Earnings Per Share

Revenue & Net Income

Free Cash Flow

Income Breakdown

Fair Value Estimation

Undervalued

Fair Value

$282.69

Current Price

$211.03

Margin of Safety

+25.3%

Fair Value Range

$183.75 - $381.63

Estimation Methods

Analyst Target:$256.36
DCF:$200.80
PE-based:$150.80
Graham Growth:$796.40
EPV:$88.21
Analyst Consensus:Buy (30B / 15H / 3S)
Last Earnings Surprise:+35.52%

Valuation Metrics

P/E Ratio

49.65

ROE

5.1%

P/B Ratio

2.52

P/FCF

21.68

Gross Margin

38.3%

ROIC

3.5%

Value Creation (Economic Moat)

ROIC

3.5%

WACC

12.0%

ROIC − WACC

-8.4 pp

ROIC is below the cost of capital — the company is destroying value for every dollar invested.

Fundamental Analysis Criteria

Passed (21)

  • EPS shows upward trend
  • EPS CAGR 9.84%
  • Price CAGR 20.73%
  • Gross Margin 38.3%
  • P/FCF 21.68
  • P/B Ratio 2.52
  • Debt/Equity ratio
  • Operating Margin 29.2%
  • Positive Free Cash Flow
  • CapEx intensity
  • Current Ratio
  • Return on Tangible Assets
  • Low reliance on intangibles
  • ROE 18.0%
  • Revenue Growth 5Y 14.0%
  • Analyst Consensus 63% Buy
  • Earnings Surprise avg 4.6%
  • PEG Ratio 0.44
  • Earnings Quality (OCF/NI) 2.79
  • Share Dilution 0.1%
  • Piotroski F-Score 8/9

Failed (5)

  • ROIC 3.6%
  • Debt/EBITDA
  • Price below Graham Number
  • DCF valuation (Overvalued)
  • Net Margin Trend 28.6% vs 31.2%

Unavailable (2)

  • Dividend Payout NaN%
  • Interest Coverage

Price Chart

Technical Indicators

RSI (14)

43.00

SMA 50

$245.17

SMA 200

$234.23

MACD

0.83

Volatility

3.7%

Momentum (12m)

20.8%

RSI 43.0, SMA trend bullish, momentum 20.8%.

Piotroski F-Score

8/9

Strong financial health

score
criteria

Earnings Quality

2.79

High quality: earnings backed by cash

Share Dilution

10.0%

Issuing new shares, diluting ownership

Governance

Executive Team

NameTitleAge
Mr. Mark R. WidmarCEO & Director59
Mr. Alexander R. BradleyChief Financial Officer44
Mr. Jason E. DymbortGeneral Counsel & Secretary47
Mr. Georges J. AntounChief Commercial Officer62
Mr. Kuntal Kumar VermaChief Manufacturing Officer52
Mr. Nathan B. TheurerVP, Global Controller & Chief Accounting Officer44
Mr. Markus GloecklerChief Technology Officer51
Mr. Byron Michael JeffersVP, Treasurer & Head of Investor Relations41
Ms. Caroline StockdaleChief People & Communications Officer62
Mr. Michael KoralewskiChief Supply Chain Officer53

Audit Risk

5

Board Risk

9

Compensation Risk

8

Shareholder Rights Risk

7

Latest News

Recent headlines for FSLR, sourced from Markets Gazette.

  • 6/9/2026POSITIVE
    If You Invested $1000 In First Solar Stock 10 Years Ago, You Would Have This Much Today

    An investment of $1,000 in First Solar Inc. (FSLR) stock a decade ago would have yielded a substantial return, illustrating the company's significant growth trajectory. While specific figures are not provided in this snippet, the headline implies a strong performance, likely driven by increased demand for solar energy solutions and the company's technological advancements. Investors considering FSLR should analyze its recent performance, competitive landscape, and the broader renewable energy sector trends to assess future potential.

  • 3/2/2026NEGATIVE
    First Solar's $2 Billion Problem

    First Solar Inc. is facing increasing financial vulnerability, highlighted by its heavy reliance on government subsidies. With an estimated $2 billion problem, the company's profits in the solar energy sector are significantly influenced by these external contributions. This dependency raises concerns among investors regarding the long-term sustainability of First Solar's business model. While subsidies can provide an immediate boost, their potential reduction or elimination could drastically impact the company's profitability and financial stability, making it susceptible to shifts in government policies and market conditions. Analysts suggest caution, given the inherent fragility of a company whose margins are so closely tied to external factors.

  • 2/25/2026NEGATIVE
    Why First Solar Stock Slumped Today

    First Solar's stock experienced a significant slump today, reflecting market concerns regarding the dynamic between the company's expanding production capacity and actual demand. Despite First Solar's efforts to increase its capacity, a key growth driver in the solar energy sector, investors appear skeptical about the company's ability to translate this expansion into a proportional increase in demand. This imbalance suggests that supply might outpace demand in the short term, putting pressure on prices and margins. The negative market reaction underscores the need for First Solar to demonstrate a clear strategy to stimulate demand and ensure that its capacity investments are justified by a sustained order flow, otherwise the stock could continue to suffer.

  • 2/24/2026NEUTRAL
    First Solar (FSLR) Q4 2025 Earnings Transcript

    The market is keenly awaiting the details of First Solar Inc.'s financial performance, a leader in thin-film solar modules. Although the release of the Q4 2025 earnings transcript has been announced, key information regarding specific financial results, future projections, or management commentary is not yet available. Investors are in a holding pattern, unable to assess the impact of these results on FSLR's stock valuation. Without concrete data on revenues, earnings per share, or guidance, it is impossible to form a directional judgment. The financial community will closely monitor the full publication to understand the company's trajectory within the dynamic solar energy market.

  • 2/24/2026NEGATIVE
    First Solar Stock Craters As Q4 Earnings Miss Estimates

    First Solar Inc. experienced a significant drop in its stock price following the release of its fourth-quarter earnings report, which fell short of analyst estimates. The discrepancy between reported earnings and market expectations triggered an immediate negative reaction among investors, who are concerned about the company's future prospects in the solar energy sector. This event underscores the critical importance of quarterly performance in determining market confidence and stock valuation. Investors will closely monitor First Solar's next steps to understand how the company plans to address challenges and regain confidence after this setback.

via Markets Gazette

Disclaimer

This platform is for educational purposes only. It does not provide financial, investment, or trading advice. All scores, valuations, and signals are based on automated analysis of publicly available data that may be incomplete or inaccurate. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

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