First Solar, Inc. logo FSLR - First Solar, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 45
HOLD 21
SELL 7
STRONG
SELL
0
| PRICE TARGET: $257.71 DETAILS
HIGH: $320.00
LOW: $205.00
MEDIAN: $256.00
CONSENSUS: $257.71
UPSIDE: 15.14%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 65% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Fair Value Mild
Trading 5.0% below fair value
Current Price $223.82
Bear Case $183.77 17.9% downside ($183.77 - $223.82) / $223.82 = -17.9% 6% stage 1 growth, 12% discount
Fair Value $235.48 5.2% upside ($235.48 - $223.82) / $223.82 = 5.2% 10% stage 1 growth, 12% discount
Bull Case $285.66 27.6% upside ($285.66 - $223.82) / $223.82 = 27.6% 13% stage 1 growth, 12% discount

Adjust Assumptions

9.7%
12.0%
3.0%

Key Value Driver

FCF growth rate (10% base case)

Terminal Value % of EV 34%
Implied Market Multiple 18.5x
Market is pricing in (growth) 9.7% vs our 9.7% base

Plain-Language Summary

Our base-case estimate uses a two-stage discounted cash flow model based on free cash flow. We then blend that result with the average analyst price target of $257.71 from 73 analysts, using a 35% weight on analyst consensus. That produces an estimated intrinsic value of $235.48 per share.

Key Risks

  • P/E alone misleads — earnings depressed by growth investment
  • Cyclical or commodity businesses may be misclassified as platforms
  • Terminal value dominance suggests sensitivity to long-run assumptions