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FSLR Stock Chart & Stats
$202.82
-$3.10(-1.51%)
At close: 4:00 PM EDT
$202.82
-$3.10(-1.51%)
Day’s Range― - ―
52-Week Range$179.06 - $320.95
Previous CloseN/A
Volume1.54M
Average Volume (3M)1.77M
Market Cap
$24.24B
Enterprise Value$23.89K
Total Cash (Recent Filing)$1.73B
Total Debt (Recent Filing)$194.01M
Price to Earnings (P/E)13.9
Beta1.13
Next Earnings
Oct 29, 2026EPS Estimate
4.65Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)16.26
Shares Outstanding107,469,790
10 Day Avg. Volume1,742,740
30 Day Avg. Volume1,772,351
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$273.67Price Target Upside34.93% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering25
EPS Forecast (FY)17.76
Revenue Forecast (FY)$5.04B
Bulls Say, Bears Say
Bulls Say
High Profitability & MarginsSustained high gross and operating margins signal durable competitive unit economics from First Solar’s CdTe technology and manufacturing scale. Strong margins improve cash generation and resilience versus cyclical module price swings, supporting reinvestment and maintaining returns even if near-term volumes vary.
Conservative Balance Sheet / Cash PositionExtremely low leverage and a net cash position provide financial flexibility to fund domestic capacity builds, weather tariff-driven demand shifts, and absorb underutilization charges without forced asset sales or dilutive financing, preserving strategic optionality over the medium term.
Large Contracted Backlog & Strong U.S. UtilizationA multi-year backlog combined with ~96% U.S. plant utilization provides tangible revenue visibility and production cadence. High domestic utilization plus upcoming South Carolina finishing capacity reduce freight/tariff exposure and support reliable deliveries and margin realization through the next several quarters.
Bears Say
Tariff & Policy UncertaintyActive trade investigations and temporary tariff windows create structural demand and pricing uncertainty that affects contract selection, booking cadence, and factory allocation. Management’s assumptions could change quickly, making forward-looking volume and margin plans sensitive to policy outcomes over the next few months.
Underutilization & SE Asia Capacity RiskLower utilization in Malaysia/Vietnam raises per-unit fixed costs and can depress margins and cash flow until capacity is reallocated or demand normalizes. Planned tool reallocation to pilots further reduces finished throughput, creating durable near-term cadence and cost pressure until reshoring or demand shifts resolve.
Regulatory & IP Litigation RiskActive investigations and evolving India ALMM rules introduce execution and market-access risk. Litigation and regulatory changes can restrict market opportunities, delay projects, or require licensing, forcing management to divert resources and potentially impacting bookings and margin realization across key markets.
First Solar News
FSLR FAQ
What was First Solar’s price range in the past 12 months?
First Solar lowest stock price was $179.06 and its highest was $320.95 in the past 12 months.
What is First Solar’s market cap?
First Solar’s market cap is $24.24B.
When is First Solar’s upcoming earnings report date?
First Solar’s upcoming earnings report date is Oct 29, 2026 which is in 74 days.
How were First Solar’s earnings last quarter?
First Solar released its earnings results on Jul 30, 2026. The company reported $3.92 earnings per share for the quarter, beating the consensus estimate of $2.898 by $1.022.
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 4.65.
How many shares outstanding does First Solar have?
First Solar has 107,469,790 shares outstanding.
What happened to First Solar’s price movement after its last earnings report?
First Solar reported an EPS of $3.92 in its last earnings report, beating expectations of $2.898. Following the earnings report the stock price went up 2.437%.
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:
$273.67 (34.93% Upside)
$273.67 (34.93% Upside)
Blogger Sentiment
Bullish
FSLR Sentiment 81%
Sector Average 59%
Sector Average 59%
Hedge Fund Trend
Decreased
By 309.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▼ 1.2%
Last 30 Days ▼ 0.2%
Last 30 Days ▼ 0.2%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
11.06%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
4.13%
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
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presented strong operational and financial performance (record volumes, wide gross margins, robust adjusted EBITDA and net income growth, a large backlog and a healthy balance sheet) alongside notable near-term headwinds tied to trade/policy uncertainty, international underutilization, logistics costs, and some timing delays for domestic capacity. On balance, the company emphasized disciplined contracting and substantial upside from technology (CuRe and perovskites) while awaiting policy clarity that could catalyze further bookings and utilization.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
$273.67
▲(34.93% Upside)
Technical Analysis
Ownership Overview
0.31% Insiders
18.53% Mutual Funds
22.47% Other Institutional Investors
23.15% Public Companies and Individual Investors