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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$139.26 - $320.95
Previous CloseN/A
Volume656.75K
Average Volume (3M)2.87M
Market Cap
$24.13B
Enterprise Value$25.44B
Total Cash (Recent Filing)$2.43B
Total Debt (Recent Filing)$425.78M
Price to Earnings (P/E)14.5
Beta1.02
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. Volume2,518,825
30 Day Avg. Volume2,869,145
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 Cap1.05
Enterprise Value/Revenue4.69
Enterprise Value/Gross Profit11.25
Enterprise Value/Ebitda11.01
Forecast
1Y Price Target
$254.44Price Target Upside33.61% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering18
EPS Forecast (FY)17.7
Revenue Forecast (FY)$5.08B
Bulls Say, Bears Say
Bulls Say
Very Strong Balance SheetExtremely low leverage and a meaningful equity base provide durable financial flexibility. With modest debt relative to equity and a net-cash posture, the company can fund capacity builds, weather tariff/regulatory shocks, pursue strategic R&D, and absorb underutilization costs without stress to solvency.
Improved Cash GenerationMaterial improvement in operating cash flow and positive free cash flow on a TTM basis strengthens the company's ability to self-fund capex, support the South Carolina ramp and tech pilots, and maintain liquidity through policy-driven revenue swings, reducing reliance on external financing.
Large Contracted Backlog & Domestic Production StrengthA substantial multi-year backlog paired with ~96% U.S. utilization and the CURE technology launch gives durable revenue visibility and competitive positioning. High domestic utilization and new finishing capacity reduce freight/tariff exposure and support steady volume delivery over coming years.
Bears Say
Tariff & Policy UncertaintyPersistent trade and tariff ambiguity materially affects contract pricing, booking behavior and plant utilization choices. Over a multi-month horizon this can depress ASPs, force selective booking, and create recurring margin volatility as management adapts supply allocation and pricing assumptions to evolving policy.
Underutilization And International Capacity DragProlonged low utilization in SE Asia raises fixed-cost dilution and underutilization charges that hit margins and cash flow. Capacity idling also forces reallocation decisions and limits finished-module throughput, reducing operational efficiency until long-term demand or tariff clarity restores stable utilization.
Execution & Technology Commercialization Risk (India, Perovskite)Scaling novel perovskite technology and addressing evolving India ALMM requirements introduce multi-quarter execution and commercialization risk. Pilot economics, bankability and regulatory compliance are uncertain, which can delay value capture, require additional capex, and constrain finished-module throughput during validation.
FSLR FAQ
What was First Solar’s price range in the past 12 months?
First Solar lowest stock price was $139.26 and its highest was $320.95 in the past 12 months.
What is First Solar’s market cap?
First Solar’s market cap is $24.13B.
When is First Solar’s upcoming earnings report date?
First Solar’s upcoming earnings report date is Jul 23, 2026 which is in 19 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:
$254.44 (33.61% Upside)
$254.44 (33.61% 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 ▼ 0.4%
Last 30 Days ▼ 1.6%
Last 30 Days ▼ 1.6%
News Sentiment
Very Bearish
Bullish news 0%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Positive
20 days / 200 days
Momentum
31.69%
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
All Analysts
Top Analysts
Average Price Target
$254.44
▲(33.61% Upside)
Technical Analysis
1 Day
3 Days
1 Week
1 Month
Ownership Overview
0.36% Insiders
18.53% Mutual Funds
<0.01% Other Institutional Investors
45.72% Public Companies and Individual Investors












