First Solar, Inc. (FSLR)
POSITIVEPrice
$211.03
Market Cap
$22.68B
Fundamental
74
Technical
85
Composite
77
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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
UndervaluedFair Value
$282.69
Current Price
$211.03
Margin of Safety
+25.3%
Fair Value Range
$183.75 - $381.63
Estimation Methods
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
Strong financial health
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Issuing new shares, diluting ownership
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Mark R. Widmar | CEO & Director | 59 |
| Mr. Alexander R. Bradley | Chief Financial Officer | 44 |
| Mr. Jason E. Dymbort | General Counsel & Secretary | 47 |
| Mr. Georges J. Antoun | Chief Commercial Officer | 62 |
| Mr. Kuntal Kumar Verma | Chief Manufacturing Officer | 52 |
| Mr. Nathan B. Theurer | VP, Global Controller & Chief Accounting Officer | 44 |
| Mr. Markus Gloeckler | Chief Technology Officer | 51 |
| Mr. Byron Michael Jeffers | VP, Treasurer & Head of Investor Relations | 41 |
| Ms. Caroline Stockdale | Chief People & Communications Officer | 62 |
| Mr. Michael Koralewski | Chief Supply Chain Officer | 53 |
Audit Risk
5
Board Risk
9
Compensation Risk
8
Shareholder Rights Risk
7
Latest News
Recent headlines for FSLR, sourced from Markets Gazette.
- 6/9/2026POSITIVEIf 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.
- 3/2/2026NEGATIVEFirst 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.
- 2/25/2026NEGATIVEWhy 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.
- 2/24/2026NEUTRALFirst 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.
- 2/24/2026NEGATIVEFirst 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