First Solar (XSWX:FSLR) Construction In Progress: CHF340 Mil (As of Mar. 2026)


XSWX:FSLR First Solar Inc XSWX:FSLR
91 GF Score
Price CHF207.07
GF Value CHF221.79
! 4 Warning Signs
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What is First Solar Construction In Progress?

First Solar XSWX:FSLR -0.24% 91 Construction In Progress is CHF340 Mil as of Mar. 2026. GuruFocus rates XSWX:FSLR with a GF Score™ of 91/100 and a GF Value™ of CHF221.79. The stock has 4 warning signs investors should review.

First Solar's quarterly construction in progress declined from Sep. 2025 (CHF448 Mil) to Dec. 2025 (CHF256 Mil) but then increased from Dec. 2025 (CHF256 Mil) to Mar. 2026 (CHF340 Mil).

First Solar's annual construction in progress declined from Dec. 2023 (CHF1,059 Mil) to Dec. 2024 (CHF765 Mil) and declined from Dec. 2024 (CHF765 Mil) to Dec. 2025 (CHF256 Mil).

First Solar Construction In Progress Historical Data

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The historical data trend for First Solar's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First Solar Construction In Progress Chart

First Solar Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 425.23 1,045.20 1,058.51 765.47 256.22

First Solar Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 973.74 1,032.69 447.64 256.22 339.98
XSWX:FSLR
91GF Score
First Solar Inc XSWX:FSLR
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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First Solar Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of CHF340 Mil mean?
First Solar (XSWX:FSLR) has a Construction In Progress of CHF340 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on First Solar and its competitors.
Is First Solar's Construction In Progress too high?
First Solar's current Construction In Progress is CHF340 Mil. Overall, First Solar has a GF Score™ of 91/100, reflecting its overall financial health beyond just this single metric.
How does First Solar's Construction In Progress compare to NXT and ENPH?
First Solar's Construction In Progress of CHF340 Mil can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Semiconductors company?
A good Construction In Progress depends on the Semiconductors industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on First Solar and its competitors. First Solar's current Construction In Progress is CHF340 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Solar stock overvalued right now?
First Solar (XSWX:FSLR) has a current Construction In Progress of CHF340 Mil. The stock's GF Value™ is CHF221.79, compared to a current price of CHF207.07 — trading 6.6% below its estimated fair value. The current Construction In Progress is CHF340 Mil. First Solar's overall GF Score™ is 91/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For First Solar (XSWX:FSLR), the current Construction In Progress is CHF340 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is First Solar (XSWX:FSLR) Overvalued in 2026?

Based on GuruFocus' analysis, First Solar stock appears to be undervalued. The current stock price of CHF207.07 is trading 6.6% below its estimated GF Value™ of CHF221.79.

Key valuation signals for XSWX:FSLR:

  • Construction In Progress: CHF340 Mil
  • GF Value™: CHF221.79 vs. price of CHF207.07 (6.6% below fair value)
  • GF Score™: 91/100 with 4 warning signs

No single metric tells the full story. See the XSWX:FSLR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

First Solar Business Description

Address 4300 East Camelback Road, Suite 220, Phoenix, AZ, USA, 85018
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.
91GF Score

Get the complete analysis for XSWX:FSLR

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF207.07
Price
CHF221.79
GF Value