FSLR

First Solar Inc
NASDAQTECHNOLOGYSOLAR

Key Statistics

Market Cap
$18.55B
P/E Ratio
10.64
EPS
$16.22
Beta
1.79
52W High
$320.95
52W Low
$168.60
50-Day MA
$199.61
200-Day MA
$219.83
Dividend Yield
—
Profit Margin
32.50%
Forward P/E
8.35
PEG Ratio
0.36

About First Solar Inc

First Solar, Inc. offers solar photovoltaic (PV) solutions in the United States, Japan, France, Canada, India, Australia, and internationally. The company is headquartered in Tempe, Arizona.

Official WebsiteUSAFY End: December

Fundamentals

Revenue (TTM)$5.38B
Gross Profit (TTM)$2.37B
EBITDA$2.39B
Operating Margin42.60%
Return on Equity18.50%
Return on Assets8.62%
Revenue/Share (TTM)$50.10
Book Value$96.03
Price-to-Book2.00
Price-to-Sales (TTM)3.45
EV/Revenue3.551
EV/EBITDA7.83
Quarterly Earnings Growth (YoY)23.30%
Quarterly Revenue Growth (YoY)-3.70%
Shares Outstanding$107.47M
Float$101.65M
% Insiders5.36%
% Institutions102.75%

Historical Volatility

HV 10-Day
37.50%
HV 20-Day
53.25%
HV 30-Day
53.66%
HV 60-Day
51.55%
HV Rank
50.8%

Volatility is currently contracting

Analyst Ratings

Consensus ($273.80 target)
10
Strong Buy
16
Buy
9
Hold
1
Strong Sell

Latest News

First Solar: A Good Entry Point With Potential Midterms Catalysts

First Solar (FSLR) has declined 10% since my last analysis, presenting a compelling entry point. FSLR is trading along a technical support level, making it attractive for accumulation despite the possibility of lower support. The stock has maintained a relative uptrend since 2012, supporting its case as a long-term holding.

Seeking Alpha10/12/2026Positive
First Solar: The Contrarian Call An Election Away From Kicking Off

I rate First Solar a Buy with a $179 base case price target, citing deep pessimism already priced in. FSLR commands a massive $13.6 billion contracted backlog through 2030, providing multi-year revenue visibility despite booking headwinds. Section 45X credits and recent U.S. trade actions create a domestic cost advantage, supporting FSLR's competitive positioning against Chinese and crystalline silicon rivals.

Seeking Alpha10/12/2026Negative
First Solar Files Patent Infringement Lawsuit Against JA Solar & American Panel Solutions

PHOENIX--(BUSINESS WIRE)-- #AmericanSolar--First Solar, Inc. (Nasdaq: FSLR) ("First Solar") today announced it has filed a lawsuit against JA Solar Technology Co., Ltd., JA Solar International, Ltd., JA Solar Vietnam Co., Ltd. and JA Solar Industrial Corp. (collectively, "JA Solar"), together with American Panel Solutions LLC ("AMPS"), alleging infringement of First Solar's US Patent No. 9,130,074 (the "'074 Patent"). The '074 Patent covers methods of manufacturing Tunnel Oxide Passivated Contact ("TOPCon") cry.

Business Wire10/1/2026Neutral
First Solar: Why The Market Still Doesn't Believe The Story (Rating Downgrade)

First Solar, Inc. has declined approximately 35% since my bullish thesis in June, underperforming due to sector-wide pressures. FSLR's stock has dropped 44.9% from its all-time high, with recent political developments and sector sentiment accelerating the decline. The solar sector broadly faces challenges, with Enphase and SolarEdge also experiencing steep declines, suggesting systemic rather than company-specific issues.

Seeking Alpha9/29/2026Negative

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Data last updated: 10/17/2026