FSLR
First Solar, Inc.
$223.82
+3.24
(+1.47%)
Mkt Cap
24.05B
Volume
2,022,925
52W Range
165.57-320.95
Sector
Technology
Beta
1.73
EPS (TTM)
15.52
P/E Ratio
14.42
Revenue (TTM)
5.42B
Rev Growth (5Y)
+14.0%
EPS Growth (5Y)
+30.5%
AlphaVal · Fair Value
What we estimate one share is worth
$235.48
Fair Value
weak signal
5.0% below fair value
Modeled from cash flows & growth.
AlphaQuality · Grade
How strong & durable the business is
C+
Platform & Compounding FCF
61.8 / 100 composite
A platform business that compounds free cash flow — graded A–F vs. similar companies.
Company Description
First Solar, Inc. is a global provider of photovoltaic (PV) solar energy solutions, operating in numerous international markets including the United States, Japan, France, Canada, India, and Australia. The company's primary activity involves the engineering, manufacturing, and sale of cadmium telluride solar modules, which are designed to convert solar radiation directly into electricity. Its clientele is broad, serving system developers and operators, utility companies, independent power producers, commercial and industrial businesses, and various other system owners. Founded in 1999, the firm is based in Tempe, Arizona, and underwent a name change in 2006 from its former designation, First Solar Holdings, Inc.
Track Record
Showing latest 4 periods • Swipe for more
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5.22B | 4.21B | 3.32B | 2.62B | 2.92B | 2.71B | 3.06B | 2.24B | 2.94B | 2.90B | 4.11B | 3.39B |
| Net Income | 1.53B | 1.29B | 830.78M | (44.17M) | 468.69M | 398.36M | (114.93M) | 144.33M | (165.62M) | (416.11M) | 593.41M | 395.96M |
| EPS | 14.25 | 12.07 | 7.78 | -0.41 | 4.41 | 3.76 | -1.09 | 1.38 | -1.59 | -3.48 | 5.42 | 3.97 |
| Free Cash Flow | 1.19B | (308.08M) | (784.51M) | (30.24M) | (302.73M) | (379.51M) | (494.52M) | (1.07B) | 826.32M | (22.70M) | (527.36M) | 423.44M |
| FCF / Share | 11.07 | -2.88 | -7.35 | -0.28 | -2.85 | -3.58 | -4.70 | -10.18 | 7.93 | -0.22 | -5.23 | 4.23 |
| Operating CF | 2.06B | 1.22B | 602.26M | 873.37M | 237.56M | 37.12M | 174.20M | (326.81M) | 1.34B | 206.75M | (360.92M) | 680.99M |
| Total Assets | 13.32B | 12.12B | 10.37B | 8.25B | 7.41B | 7.11B | 7.52B | 7.12B | 6.86B | 6.87B | 7.32B | 6.72B |
| Total Debt | 498.57M | 718.80M | 624.39M | 234.13M | 398.59M | 482.27M | 595.31M | 466.79M | 436.94M | 214.97M | 289.42M | 213.47M |
| Cash & Equiv | 2.80B | 1.62B | 1.95B | 1.48B | 1.45B | 1.23B | 1.35B | 1.40B | 2.27B | 1.35B | 1.13B | 1.48B |
| Book Value | 9.54B | 7.98B | 6.69B | 5.84B | 5.96B | 5.52B | 5.10B | 5.21B | 5.10B | 5.21B | 5.55B | 5.03B |
| Return on Equity | 0.16 | 0.16 | 0.12 | -0.01 | 0.08 | 0.07 | -0.02 | 0.03 | -0.03 | -0.08 | 0.11 | 0.08 |
| Metric | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.04B | 1.68B | 1.59B | 1.10B | 844.57M | 1.51B | 887.67M | 1.01B | 794.11M | 1.16B | 801.09M | 810.67M |
| Net Income | 346.62M | 520.88M | 455.94M | 341.87M | 209.53M | 393.12M | 312.96M | 349.36M | 236.62M | 349.24M | 268.40M | 170.58M |
| EPS | 3.23 | 4.85 | 4.25 | 3.19 | 1.96 | 3.67 | 2.92 | 3.26 | 2.21 | 3.27 | 2.51 | 1.60 |
| Free Cash Flow | (333.39M) | 1.07B | 1.07B | (138.56M) | (813.95M) | 497.46M | (487.65M) | (172.15M) | (145.73M) | 214.20M | (120.78M) | (472.37M) |
| FCF / Share | -3.11 | 9.97 | 9.97 | -1.29 | -7.60 | 4.65 | -4.56 | -1.61 | -1.36 | 2.00 | -1.13 | -4.42 |
| Operating CF | (214.87M) | 1.24B | 1.27B | 149.58M | (607.98M) | 811.00M | (53.73M) | 193.01M | 267.72M | 561.11M | 165.43M | (89.68M) |
| Total Assets | 13.35B | 13.32B | 13.46B | 12.86B | 12.12B | 12.12B | 11.44B | 11.01B | 10.76B | 10.37B | 9.58B | 9.00B |
| Total Debt | 425.78M | 498.57M | 891.91M | 1.07B | 630.39M | 718.80M | 694.14M | 621.93M | 681.52M | 624.39M | 543.32M | 483.30M |
| Cash & Equiv | 2.36B | 2.80B | 1.99B | 1.12B | 837.64M | 1.62B | 1.01B | 1.70B | 1.68B | 1.95B | 1.49B | 829.91M |
| Book Value | 9.88B | 9.54B | 9.02B | 8.55B | 8.19B | 7.98B | 7.59B | 7.26B | 6.90B | 6.69B | 6.30B | 6.04B |
| Return on Equity | 0.04 | 0.05 | 0.05 | 0.04 | 0.03 | 0.05 | 0.04 | 0.05 | 0.03 | 0.05 | 0.04 | 0.03 |
FSLR News
First Solar (FSLR) Exceeds Market Returns: Some Facts to Consider
FSLR Stockholders Have Rights – If you Lost Money Investing in First Solar, Inc. Contact Robbins LLP for Information About Recovering Your Losses
First Solar, Inc. (FSLR) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
ROSEN, SKILLED INVESTOR COUNSEL, Encourages First Solar, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - FSLR
FSLR Shareholder Alert: Investors With Losses May Seek to Lead the Class Action in First Solar, Inc. Securities Lawsuit - Contact Levi & Korsinsky
First Solar, Inc. (FSLR) is Attracting Investor Attention: Here is What You Should Know
Pomerantz Law Firm Announces the Filing of a Class Action Against First Solar, Inc. and Certain Officers – FSLR
ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages First Solar, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – FSLR
Bronstein, Gewirtz & Grossman LLC Urges First Solar, Inc. Investors to Act: Class Action Filed Alleging Investor Harm
FSLR Shareholder Alert: August 24, 2026 Lead Plaintiff Deadline in First Solar, Inc. Securities Class Action - Contact SueWallSt