FSLR
First Solar, Inc.
$185.34
-1.26
(-0.68%)
Mkt Cap
20.05B
Volume
63,184
52W Range
168.6-320.95
Sector
Energy
Beta
1.79
EPS (TTM)
16.26 USD
P/E Ratio
11.48
Revenue (TTM)
5.38B USD
Rev Growth (5Y)
+14.0%
EPS Growth (5Y)
+30.5%
AlphaVal · Fair Value
What we estimate one share is worth
$136.37
Overvalued
moderate signal
36.8% above fair value
Modeled from cash flows & growth.
AlphaQuality · Grade
How strong & durable the business is
C+
Other Commodity Producers
57.7 / 100 composite
A commodity producer — 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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.06B | 1.04B | 1.68B | 1.59B | 1.10B | 844.57M | 1.51B | 887.67M | 1.01B | 794.11M | 1.16B | 801.09M |
| Net Income | 422.57M | 346.62M | 520.88M | 455.94M | 341.87M | 209.53M | 393.12M | 312.96M | 349.36M | 236.62M | 349.24M | 268.40M |
| EPS | 3.93 | 3.23 | 4.85 | 4.25 | 3.19 | 1.96 | 3.67 | 2.92 | 3.26 | 2.21 | 3.27 | 2.51 |
| Free Cash Flow | (306.22M) | (333.39M) | 1.07B | 1.07B | (138.56M) | (813.95M) | 497.46M | (487.65M) | (172.15M) | (145.73M) | 214.20M | (120.78M) |
| FCF / Share | -2.85 | -3.11 | 9.97 | 9.97 | -1.29 | -7.60 | 4.65 | -4.56 | -1.61 | -1.36 | 2.00 | -1.13 |
| Operating CF | (144.90M) | (214.87M) | 1.24B | 1.27B | 149.58M | (607.98M) | 811.00M | (53.73M) | 193.01M | 267.72M | 561.11M | 165.43M |
| Total Assets | 13.39B | 13.35B | 13.32B | 13.46B | 12.86B | 12.12B | 12.12B | 11.44B | 11.01B | 10.76B | 10.37B | 9.58B |
| Total Debt | 194.01M | 425.78M | 498.57M | 891.91M | 1.07B | 630.39M | 718.80M | 694.14M | 621.93M | 681.52M | 624.39M | 543.32M |
| Cash & Equiv | 1.69B | 2.36B | 2.80B | 1.99B | 1.12B | 837.64M | 1.62B | 1.01B | 1.70B | 1.68B | 1.95B | 1.49B |
| Book Value | 10.32B | 9.88B | 9.54B | 9.02B | 8.55B | 8.19B | 7.98B | 7.59B | 7.26B | 6.90B | 6.69B | 6.30B |
| Return on Equity | 0.04 | 0.04 | 0.05 | 0.05 | 0.04 | 0.03 | 0.05 | 0.04 | 0.05 | 0.03 | 0.05 | 0.04 |
FSLR News
First Solar Climbs 4% as Truist Buy Call and December Tariff Floor Reset Panel Pricing Outlook; Enphase Energy and Sunrun Hold Flat
First Solar (FSLR) Gains As Market Dips: What You Should Know
First Solar: A Good Entry Point With Potential Midterms Catalysts
3 Big Names Enjoying Renewed Analyst Backing
Here Are Monday’s Top Wall Street Analyst Research Calls: Adobe, Biogen, First Solar, GoDaddy, Hubspot, Palantir Technologies, Robinhood Markets, Snowflake, TeraWulf, T-Mobile US and More
First Solar Stock Is Down 32% This Year. Why That Got It an Upgrade to Buy.
First Solar: The Contrarian Call An Election Away From Kicking Off
Venture Visionary Partners LLC Sells 11,842 Shares of First Solar, Inc. $FSLR
Investors Purchase High Volume of Put Options on First Solar (NASDAQ:FSLR)
First Solar Sues Corning Subsidiary, Chinese Rival Over Patent Infringement