FSLR

First Solar, Inc.

Fundamental data last updated:May 12, 2026

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company profile

SECTOR

Energy

industry

Solar

Exchange

NASDAQ

County of HQ

US

Next Earnings Date

07/30/2026

Business Summary

First Solar, Inc. provides photovoltaic (PV) solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally. The company designs, manufactures, and sells cadmium telluride solar modules that converts sunlight into electricity. It serves developers and operators of systems, utilities, independent power producers, commercial and industrial companies, and other system owners. The company was formerly known as First Solar Holdings, Inc. and changed its name to First Solar, Inc. in 2006. First Solar, Inc. was founded in 1999 and is headquartered in Tempe, Arizona.

 


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VALUATION

P/E

15.04

Market Cap ($M USD)

$25.07B

Forward P/E

8.63

PEG

0.12

PRICE TO SALES

4.63

PRICE TO BOOK

2.54

EV / EBITDA

9.85

5-Year Average P/E

Free Cash Flow Yield

6.65%

DCF Value

$-97.02

Graham Number

$179.21

Price to FCF

15.03

EV to FCF

13.87

Earnings Yield

6.65%

FCF Yield

6.65%

DIVIDEND

Yield

0.00%

Annual Payout

$0.00

Payout Ratio

0.00%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$15.51

Next Year EPS Growth Estimate

$27.03

Next Year Revenue Growth Estimate

$705.73B

Return on Equity (ROE)

18.01%

FREE CASH FLOW

Operating Margin

33.17%

Debt-to-Equity

0.05

Piotroski F-Score

8

Altman Z-Score

5.24

Return on Invested Capital (ROIC)

16.13%

Current Ratio

2.56

Quick Ratio

2.15

Net Debt to EBITDA

-0.82

Interest Coverage

42.57

Gross Profit margin

41.73%

FCF PER SHARE

$15.54

REVENUE PER SHARE

$50.48

Analyze FSLR on TradingView

Gainseekers Quantitative Analysis

Summary

First Solar, Inc. appears to be a compelling opportunity for value investors, trading at a Forward P/E of 8.14 and an Earnings Yield of 7.05%. Despite a market cap exceeding $23 billion, the stock’s price is significantly below its Graham Number, suggesting potential undervaluation. The Altman Z-score of 5.24 indicates robust financial health, minimizing bankruptcy risk. However, the DCF Value suggests a stark contrast, hinting at possible overvaluation concerns. This discrepancy between market pricing and intrinsic value could be a point of contention for discerning investors.

AI Exposure / Tech Reliance

Positioned within the solar industry, First Solar is well-placed to leverage AI and modern tech advancements. The sector's inherent need for innovation aligns with AI-driven efficiencies in energy management and production. As a leader in solar technology, the company is likely to benefit from these shifts, enhancing its competitive edge.

The Bull Case

For the value-driven investor, First Solar's appeal is undeniable. With a ROIC of 16.13% and a Piotroski F-Score of 8, the company demonstrates strong capital efficiency and operational health. Its impressive operating margin of 33.17% underscores significant pricing power, while a Free Cash Flow Yield of 7.06% highlights robust cash generation. These metrics collectively paint a picture of a company with the ability to reinvest in growth while rewarding shareholders.

The Bear Case

Despite its strengths, First Solar is not without risks. The Price/Sales ratio of 4.36 and Price/Book of 2.39 suggest the stock may be overvalued relative to its peers. Additionally, with a snapshot price extended above its 50-Day SMA, there are technical concerns about overextension. The absence of a dividend yield further limits its appeal to income-focused investors, potentially narrowing its market attractiveness.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$251.82

Institutional Ownership %

1-Year Beta

1.56

Insider Buying % (6 Mo)

Distance to 52-Week High

22.60%

Distance to 52-Week Low

41.91%

EARNINGS SURPRISE %

12.20%

50-DAY SMA

$198.43

200-DAY SMA

$223.14

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.