Business Description
First Solar Inc
NAICS : 334413
SIC : 3674
ISIN : US3364331070
Share Class Description:
FSLR: Ordinary SharesTotal Employee Number:
7,900Compare
Compare
Traded in other countries / regions
FSLR.USAFSLR.Argentina0R06.UKFSLR34.BrazilF3A.GermanyFSLR.Mexico1FSLR.ItalyFSLR.AustriaFSLR.Switzerland Index Membership
S&P 500Russell 1000Russell 3000MSCI World IndexNASDAQ 100S&P 500 IPO Date
2006-11-17Description
First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world's largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, the United States, and India.
Financial Strength
9/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
Cash-To-Debt | 8.9 | |||||
Equity-to-Asset | 0.77 | |||||
Debt-to-Equity | 0.02 | |||||
Debt-to-EBITDA | 0.08 | |||||
Interest Coverage | 46.88 | |||||
Piotroski F-Score | 8/9 | |||||
Altman Z-Score | 6.24 | |||||
Beneish M-Score | -2.46 | |||||
WACC vs ROIC | ||||||
Growth Rank
9/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
3-Year Revenue Growth Rate | 25.5 | |||||
3-Year EBITDA Growth Rate | 94.4 | |||||
3-Year Book Growth Rate | 17.5 | |||||
Future 3-5Y EPS without NRI Growth Rate Estimate Industry Rank | 27.41 | |||||
Future 3-5Y Total Revenue Growth Rate Estimate | 9.1 |
Momentum Rank
8/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
5-Day RSI | 43.26 | |||||
9-Day RSI | 40.56 | |||||
14-Day RSI | 41.44 | |||||
3-1 Month Momentum % | -22.64 | |||||
6-1 Month Momentum % | 23.5 | |||||
12-1 Month Momentum % | 20.69 |
Liquidity Ratio
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
Current Ratio | 2.52 | |||||
Quick Ratio | 1.84 | |||||
Cash Ratio | 0.82 | |||||
Days Inventory | 166.8 | |||||
Days Sales Outstanding | 99.32 | |||||
Days Payable | 41.49 |
Dividend & Buy Back
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
3-Year Average Share Buyback Ratio | -0.2 | |||||
Shareholder Yield % | 0.89 |
Profitability Rank
7/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
Gross Margin % | 44.02 | |||||
Operating Margin % | 33.65 | |||||
Net Margin % | 32.47 | |||||
EBITDA Margin % | 45.37 | |||||
FCF Margin % | 27.89 | |||||
OCF Margin % | 40.08 | |||||
ROE % | 18.46 | |||||
ROA % | 13.15 | |||||
ROIC % | 16.71 | |||||
ROC (Joel Greenblatt) % | 27.64 | |||||
ROCE % | 17.3 | |||||
Years of Profitability over Past 10-Year | 6 | |||||
Moat Score | 7 | |||||
Tariff Resilience Score | 7 |
GF Value Rank
8/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
PE Ratio | 12.6 | |||||
Forward PE Ratio | 8.76 | |||||
PE Ratio without NRI | 12.33 | |||||
Shiller PE Ratio | 47.11 | |||||
Price-to-Owner-Earnings | 19.17 | |||||
PEG Ratio | 0.35 | |||||
PS Ratio | 4.09 | |||||
PB Ratio | 2.13 | |||||
Price-to-Tangible-Book | 2.15 | |||||
Price-to-Free-Cash-Flow | 14.66 | |||||
Price-to-Operating-Cash-Flow | 10.2 | |||||
EV-to-EBIT | 10.97 | |||||
EV-to-Forward-EBIT | 7.47 | |||||
EV-to-EBITDA | 8.38 | |||||
EV-to-Forward-EBITDA | 6.15 | |||||
EV-to-Revenue | 3.8 | |||||
EV-to-Forward-Revenue | 3.47 | |||||
EV-to-FCF | 13.63 | |||||
Price-to-GF-Value | 0.8 | |||||
Price-to-Projected-FCF | 3.27 | |||||
Price-to-Median-PS-Value | 1.32 | |||||
Price-to-Peter-Lynch-Fair-Value | 0.49 | |||||
Price-to-Graham-Number | 1.08 | |||||
| Price-to-Net-Current-Asset-Value | 9.77 | |||||
Earnings Yield (Greenblatt) % | 9.12 | |||||
FCF Yield % | 6.83 | |||||
Forward Rate of Return (Yacktman) % | 19.56 |
Operating Revenue by Business Segment
Operating Revenue by Geographic Region
Historical Operating Revenue by Business Segment
Historical Operating Revenue by Geographic Region
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Performance
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Annualized Return % Â
Total Annual Return % Â
First Solar Inc Executives
DetailsAnalyst Estimate
Key Statistics
| Name | Value | ||
|---|---|---|---|
| Revenue (TTM) (Mil $) | 5,378.071 | ||
| EPS (TTM) ($) | 16.22 | ||
| Beta | 2.4207 | ||
| 3-Year Sharpe Ratio | 0.2 | ||
| 3-Year Sortino Ratio | 0.37 | ||
| Volatility % | 68.55 | ||
| 14-Day RSI | 41.44 | ||
| 14-Day ATR ($) | 8.970762 | ||
| 20-Day SMA ($) | 214.825 | ||
| 12-1 Month Momentum % | 20.69 | ||
| 52-Week Range ($) | 182.99 - 320.95 | ||
| Shares Outstanding (Mil) | 107.47 |
Piotroski F-Score Details
Year:
| Component | Result | ||
|---|---|---|---|
| Piotroski F-Score | 8 | ||
| Positive ROA | |||
| Positive CFROA | |||
| Higher ROA yoy | |||
| CFROA > ROA | |||
| Lower Leverage yoy | |||
| Higher Current Ratio yoy | |||
| Less Shares Outstanding yoy | |||
| Higher Gross Margin yoy | |||
| Higher Asset Turnover yoy |
First Solar Inc Filings
| Filing Date | Document Date | Form | ||
|---|---|---|---|---|
| No Filing Data | ||||
First Solar Inc Stock Events
| Event | Date | Price ($) | ||
|---|---|---|---|---|
| Fourth quarter earnings conference call for 2026 | 2027-02-24 16:30 | In 173 days | ||
| Annual report for 2026 | 2027-02-24 | In 172 days | ||
| Fourth quarter earnings results for 2026 | 2027-02-24 | In 172 days | ||
| Third quarter earnings conference call for 2026 | 2026-10-30 16:30 | In 56 days | ||
| Third quarter earnings results for 2026 | 2026-10-30 | In 55 days | ||
| Second quarter earnings conference call for 2026 | 2026-07-30 16:30 | 199.24 (-1.85%) | ||
| Second quarter earnings results for 2026 | 2026-07-30 | 199.24 (-1.85%) | ||
| General meeting for 2026 | 2026-05-13 12:00 | 228.06 (-2.93%) | ||
| First quarter earnings conference call for 2026 | 2026-04-30 16:30 | 190.61 (-3.24%) | ||
| First quarter earnings results for 2026 | 2026-04-30 | 190.61 (-3.24%) |
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First Solar Inc Frequently Asked Questions
What is First Solar Inc(FSLR)'s stock price today?
The current price of FSLR is $204.45. The 52 week high of FSLR is $320.95 and 52 week low is $182.99.
When is next earnings date of First Solar Inc(FSLR)?
The next earnings date of First Solar Inc(FSLR) is 2026-10-30 Est..
Does First Solar Inc(FSLR) pay dividends? If so, how much?
First Solar Inc(FSLR) does not pay dividend.
Guru Commentaries on NAS:FSLR
Guinness Sustainable Energy Fund
Bullish
2026 Q3
2026.08 Guinness Sustainable Energy Fund Commentary EN
Guinness Atkinson Sustainable Energy ETF
· 30 holdings
What the manager wrote
First Solar is positioned to benefit from sustained solar demand, as evidenced by Google's agreement to purchase the output of its solar-plus-storage project. This project, Steel River Energy Center, will have 2.5 GW of solar and 2.9 GWh of electricity storage when fully operational in 2029. The deal highlights First Solar's role in the growing clean energy sector, despite challenges such as the removal of tax credits by the Trump administration. The manager believes that First Solar's photovoltaic panels will continue to be in demand as the market for solar energy expands.
Ariel Global Fund
Bullish
2026 Q1
Ariel Global Fund
· 55 holdings
What the manager wrote
We believe First Solar’s strong U.S.-based volume, pricing power and market position suggest a durable long-term growth outlook. Despite recent pressures from policy uncertainty and slow sales, we see potential for recovery as these issues are resolved. The company is well-positioned to benefit from the increasing demand for solar energy solutions, which aligns with broader trends in the energy sector. We initiated a position in First Solar, Inc. as we view it as undervalued and expect its fundamentals to improve over time.
Press Release
Articles on First Solar Inc
Headlines
See More- 1
Aug 27, 2026
First Solar raised at BMO as post-Section 232 selloff looks overdone
Seeking Alpha • 2:51pm
- 1
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