First Solar (FSLR)
NASDAQ:FSLR
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FSLR Stock Chart & Stats
$190.44
-$6.23(-3.15%)
At close: 4:00 PM EST
$190.44
-$6.23(-3.15%)
Day’s Range― - ―
52-Week Range$135.50 - $320.95
Previous CloseN/A
Volume656.75K
Average Volume (3M)3.04M
Market Cap
$29.14B
Enterprise Value$31.03B
Total Cash (Recent Filing)$2.43B
Total Debt (Recent Filing)$425.78M
Price to Earnings (P/E)17.2
Beta1.04
Next Earnings
Jul 23, 2026Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)15.52
Shares Outstanding107,453,360
10 Day Avg. Volume3,496,776
30 Day Avg. Volume3,036,969
Financial Highlights & Ratios
PEG Ratio1.01
Price to Book (P/B)2.94
Price to Sales (P/S)5.37
P/FCF Ratio23.60
Enterprise Value/Market Cap1.06
Enterprise Value/Revenue5.73
Enterprise Value/Gross Profit13.72
Enterprise Value/Ebitda13.43
Forecast
1Y Price Target
$251.94Price Target Upside32.29% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering18
EPS Forecast (FY)17.9
Revenue Forecast (FY)$5.14B
Bulls Say, Bears Say
Bulls Say
Balance Sheet StrengthExtremely low debt relative to equity and a materially expanded equity base give First Solar financial flexibility to fund capex, R&D, and domestic manufacturing ramps without refinancing stress. That conservatism supports capital allocation through policy cycles and execution phases over the next 2–6 months.
Improved Cash GenerationA multi-fold improvement in operating cash flow and sustained positive free cash flow provide durable internal funding for South Carolina ramp, modest capex, and technology pilots. Strong cash generation reduces reliance on external financing and underpins resilience to near-term policy or mix headwinds.
Backlog, Utilization & TechnologyA large multi-year contracted backlog plus very high U.S. plant utilization provide demand visibility and production discipline. The completed CURE launch and Series 6 ramp offer a sustainable efficiency edge versus TOPCon, supporting long-term yield and contract monetization across 2026–2028.
Bears Say
Tariff & Policy UncertaintyUnresolved trade actions and evolving FEOP/ALMM rules materially affect sourcing, pricing, and booking decisions. Persistent policy ambiguity can shift demand, force capacity reallocation, and change margin assumptions, making planning and contracted pricing less reliable across the medium term.
International Underutilization RiskSustained lower throughput at SE Asia finishing lines creates direct margin drag through underutilization charges and reduces available finished-module capacity for U.S. shipments. This structural capacity mismatch raises cadence risk, compresses near-term margins, and forces costly reallocations until policy clarity returns.
Technology & Execution Risk (Perovskite/India)Perovskite commercialization timing and economics are uncertain, requiring field validation and possible additional investment before scale. Simultaneous India regulatory shifts (ALMM efficiency rules) increase execution and certification workload, raising the chance of delayed revenue realization or higher-than-expected development costs.
First Solar News
FSLR FAQ
What was First Solar’s price range in the past 12 months?
First Solar lowest stock price was $135.50 and its highest was $320.95 in the past 12 months.
What is First Solar’s market cap?
First Solar’s market cap is $29.14B.
When is First Solar’s upcoming earnings report date?
First Solar’s upcoming earnings report date is Jul 23, 2026 which is in 40 days.
How were First Solar’s earnings last quarter?
First Solar released its earnings results on Apr 30, 2026. The company reported $3.22 earnings per share for the quarter, beating the consensus estimate of $3.031 by $0.189.
Is First Solar overvalued?
According to Wall Street analysts First Solar’s price is currently Undervalued.
Does First Solar pay dividends?
First Solar does not currently pay dividends.
What is First Solar’s EPS estimate?
First Solar’s EPS estimate is 3.
How many shares outstanding does First Solar have?
First Solar has 107,453,360 shares outstanding.
What happened to First Solar’s price movement after its last earnings report?
First Solar reported an EPS of $3.22 in its last earnings report, beating expectations of $3.031. Following the earnings report the stock price went up 4.864%.
Which hedge fund is a major shareholder of First Solar?
Currently, no hedge funds are holding shares in FSLR
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
First Solar Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$251.94 (32.29% Upside)
$251.94 (32.29% Upside)
Blogger Sentiment
Bullish
FSLR Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 309.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▼ 1.0%
Last 30 Days <0.1%
Last 30 Days <0.1%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
61.54%
12-Months-Change
Fundamentals
Return on Equity
18.01%
Trailing 12-Months
Asset Growth
10.19%
Trailing 12-Months
Company Description
First Solar
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.
FSLR Company Deck
FSLR Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial performance in Q1—record revenue, significant volume growth, expanded margins, robust adjusted EBITDA, higher net income, healthy cash position, successful CURE launch, and a sizable backlog. However, material near-term risks remain: tariff and policy uncertainty (Section 232/122/301 and proposed FEOP), reduced utilization of international factories, underutilization cost exposure, and execution/regulatory risks in India and for new technologies (perovskite). On balance, the positives around domestic manufacturing momentum, technology rollout (CURE), margin expansion, and a resilient balance sheet outweigh the risks, though continued outcomes from trade and policy decisions will be important to sustain momentum.View all FSLR earnings summariesFSLR Net sales Breakdown
95.69% U.S.
3.75% India
0.12% France
0.44% All other foreign countries
FSLR Stock 12 Month Forecast
Average Price Target
$251.94
▲(32.29% Upside)
Technical Analysis
Ownership Overview
0.38% Insiders
19.42% Mutual Funds
18.35% Other Institutional Investors
26.22% Public Companies and Individual Investors