Company Overview
First Solar, Inc., a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally. The company manufactures and sells PV solar modules with thin film semiconductor technology that provides conventional crystalline silicon PV solar modules. It also designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity. The company serves system developers, independent power producers, utilities, commercial and industrial companies, large corporate energy buyers, and other system owners and operators. 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 Phoenix, Arizona.
Why Investors Should Care
Generates a return on equity of 18.4%, reflecting efficient use of shareholder capital.
Net profit has compounded at 13.4% per year over the last five years.
Revenue has grown at a 13.9% CAGR over the past five years.
Trades at a P/E of 14.2, below the sector median of 36.0.
Maintains a net profit margin of 30.7%.
Carries low leverage with a debt-to-equity ratio of 0.06.
Recent Developments
- Dec 2025 Revenue of $5.22B (+24.1% YoY); net profit $1.53B.
- Trailing 12 Months Year-on-year growth — revenue +23.6%, earnings +65.1%.
- 5-Year Trend Long-term compounding — revenue CAGR 13.9%, profit CAGR 13.4%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 13.87% |
| 1 Year: | 23.60% |
Compounded Profit Growth
| 5 Years: | 13.42% |
| 1 Year: | 65.10% |
Stock Price Performance
| 1 Year: | +37.14% |
| 6 Months: | -7.58% |
| 3 Months: | +10.10% |
| 1 Month: | -18.66% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMABelow
- RSI (14)37.21 · Neutral
P/E of 14.25 is below the sector median of 36.02 — relatively cheaper than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Excellent profit margin of 30.7%.
- Compounding revenue at 13.9% over 5 years.
- Profit CAGR of 13.4% over 5 years.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Trading 30.7% below its 52-week high.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | FSLR First Solar, Inc. SPX | 220.58 | 14.25 | $23.70B | 0.00% | 14.43% | 18.44% | 13.87% | 13.42% |
| 2 | NVDA NVIDIA Corporation NDXSPXAI | 211.80 | 32.43 | $5.13T | 0.49% | 74.66% | 114.29% | 24.64% | 32.12% |
| 3 | AAPL Apple Inc. NDXSPX | 314.86 | 38.07 | $4.62T | 0.37% | 68.72% | 141.47% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXAI | 384.93 | 22.91 | $2.86T | 0.93% | 26.90% | 34.01% | 9.48% | 10.85% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AI | 420.39 | 36.18 | $2.18T | 0.90% | 30.20% | 36.21% | 18.94% | 19.57% |
| 6 | AVGO Broadcom Inc. NDXSPXAI | 389.11 | 64.85 | $1.85T | 0.68% | 16.70% | 37.28% | 24.38% | 26.24% |
| 7 | MU Micron Technology, Inc. NDXSPXAI | 983.12 | 46.37 | $1.11T | 0.06% | 13.69% | 39.82% | 13.68% | 26.02% |
| 8 | AMD Advanced Micro Devices, Inc. NDXSPXAI | 548.13 | 181.50 | $893.78B | 0.00% | 6.33% | 8.06% | 13.64% | 48.64% |
| 9 | ASML ASML Holding N.V. NDXAI | 1,775.64 | 59.55 | $684.36B | 0.47% | 42.97% | 52.24% | 15.55% | 19.55% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Mar 2013 | Jun 2013 | Sep 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | 623.33M | 1.09B | 567.26M | 309.32M | 676.22M | 531.98M | 584.96M | 546.81M | 532.12M | 642.41M | 927.57M | 803.37M | 629.18M | 583.50M | 367.04M | 620.96M | 628.93M | 548.29M | 810.67M | 801.09M | 794.11M | 1.01B | 887.67M | 844.57M | 1.10B | 1.59B | 1.04B |
| Gross Profit | 169.33M | 140.10M | 364.03M | 236.71M | 92.72M | 189.40M | 38.98M | 164.48M | 484.37M | 277.61M | 182.05M | 170.91M | 84.18M | 110.89M | 291.80M | 172.80M | -8.06M | 129.13M | 112.00K | 77.18M | 138.36M | 90.34M | 137.46M | 293.01M | 184.77M | 174.12M | 124.58M | 11.46M | -23.20M | 20.98M | 112.05M | 310.42M | 376.18M | 346.00M | 498.89M | 445.31M | 344.40M | 499.85M | 610.75M | 486.13M |
| Operating Income | 61.21M | 39.10M | 207.90M | 139.27M | 1.91M | 83.88M | -70.11M | 57.13M | 397.82M | 179.92M | -243.00K | 73.32M | -8.00M | 13.93M | 206.99M | 74.26M | -103.63M | 58.48M | -76.64M | -8.58M | 41.30M | 1.66M | 50.90M | 207.16M | 252.35M | 110.38M | 50.87M | -57.80M | 144.83M | -68.35M | 18.00M | 168.51M | 272.96M | 243.14M | 372.51M | 322.00M | 221.24M | 361.61M | 466.10M | 345.30M |
| Net Income | 59.14M | 33.60M | 195.04M | 112.01M | 4.53M | 89.83M | -60.92M | 93.89M | 349.32M | 195.64M | -11.41M | 150.46M | 9.13M | 51.96M | 205.75M | 82.95M | -48.49M | 57.75M | -67.60M | -18.55M | 30.62M | 90.70M | 36.91M | 155.04M | 209.67M | 82.45M | 45.20M | -43.26M | 55.80M | -49.17M | 42.56M | 170.58M | 268.40M | 236.62M | 349.36M | 312.96M | 209.53M | 341.87M | 455.94M | 346.62M |
| Diluted EPS | 0.66 | 0.37 | 1.94 | 1.10 | 0.04 | 0.89 | -0.61 | 0.92 | 3.41 | 1.90 | -0.11 | 1.45 | 0.09 | 0.50 | 1.95 | 0.78 | -0.46 | 0.54 | -0.64 | -0.18 | 0.29 | 0.85 | 0.35 | 1.45 | 1.96 | 0.77 | 0.42 | -0.41 | 0.52 | -0.46 | 0.40 | 1.59 | 2.50 | 2.20 | 3.25 | 2.91 | 1.95 | 3.18 | 4.24 | 3.22 |
| R&D Expense | 29.93M | 30.96M | 34.98M | 38.77M | 32.66M | 37.59M | 34.76M | 29.48M | 29.63M | 30.19M | 32.93M | 32.17M | 22.80M | 21.34M | 20.85M | 20.32M | 20.37M | 22.39M | 21.88M | 24.39M | 24.91M | 25.61M | 22.48M | 22.97M | 19.87M | 23.93M | 25.43M | 27.11M | 25.23M | 29.18M | 30.51M | 36.74M | 41.19M | 42.74M | 51.94M | 50.20M | 52.39M | 54.49M | 60.59M | 66.94M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 503.98M | 1.25B | 2.07B | 2.56B | 2.77B | 3.37B | 3.31B | 3.39B | 4.11B | 2.90B | 2.94B | 2.24B | 3.06B | 2.71B | 2.92B | 2.62B | 3.32B | 4.21B | 5.22B |
| Gross Profit | 251.40M | 678.39M | 1.04B | 1.18B | 971.75M | 852.75M | 864.63M | 824.94M | 1.13B | 638.42M | 548.95M | 392.18M | 549.21M | 680.67M | 729.95M | 69.86M | 1.30B | 1.86B | 2.12B |
| Operating Income | 137.18M | 438.34M | 679.62M | 748.90M | -68.66M | -37.56M | 370.41M | 422.00M | 730.16M | -568.15M | 177.85M | 40.11M | -161.78M | 317.49M | 586.75M | -27.24M | 857.27M | 1.39B | 1.60B |
| Net Income | 158.35M | 348.33M | 640.14M | 664.20M | -39.49M | -96.34M | 350.72M | 395.96M | 593.41M | -416.11M | -165.62M | 144.33M | -114.93M | 398.36M | 468.69M | -44.17M | 830.78M | 1.29B | 1.53B |
| Diluted EPS | 2.03 | 4.24 | 7.53 | 7.68 | -0.46 | -1.11 | 3.67 | 3.90 | 5.83 | -4.05 | -1.59 | 1.36 | -1.09 | 3.73 | 4.38 | -0.41 | 7.74 | 12.02 | 14.21 |
| R&D Expense | 15.11M | 33.52M | 78.16M | 94.80M | 140.52M | 132.46M | 134.30M | 143.97M | 130.59M | 124.76M | 88.57M | 84.47M | 96.61M | 93.74M | 99.11M | 112.80M | 152.31M | 191.38M | 233.42M |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2006 | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 2.11B | 3.35B | 4.38B | 5.78B | 6.35B | 6.88B | 6.72B | 7.32B | 6.82B | 6.86B | 7.12B | 7.52B | 7.11B | 7.41B | 8.25B | 10.37B | 12.12B | 13.32B |
| Total Equity | 411.44M | 1.10B | 1.51B | 2.65B | 3.45B | 3.64B | 3.57B | 4.47B | 4.99B | 5.62B | 5.22B | 5.10B | 5.21B | 5.10B | 5.52B | 5.96B | 5.84B | 6.69B | 7.98B | 9.54B |
| Cash & Equivalents | 308.09M | 404.26M | 765.69M | 664.50M | 765.69M | 605.62M | 901.29M | 1.33B | 1.48B | 1.13B | 1.35B | 2.27B | 1.40B | 1.35B | 1.23B | 1.45B | 1.48B | 1.95B | 1.62B | 2.80B |
| Long Term Debt | - | - | - | 174.96M | 237.39M | 663.65M | 562.57M | 223.32M | 223.95M | 299.33M | 196.69M | 406.39M | 479.16M | 454.19M | 237.69M | 236.00M | 184.35M | 464.07M | 373.35M | 282.59M |
| Total Liabilities | - | - | 601.46M | 696.73M | 925.46M | 2.13B | 2.74B | 2.38B | 1.73B | 1.77B | 1.61B | 1.77B | 1.91B | 2.42B | 1.59B | 1.45B | 2.42B | 3.68B | 4.15B | 3.78B |
| Current Liabilities | - | - | 381.78M | 394.93M | 469.68M | 973.72M | 1.10B | 1.59B | 1.00B | 960.80M | 907.88M | 650.28M | 845.46M | 1.32B | 847.40M | 726.88M | 1.04B | 1.31B | 2.08B | 2.25B |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 205.95M | 463.07M | 675.19M | 705.49M | -33.46M | 762.21M | 856.13M | 735.52M | -325.21M | 206.75M | 1.34B | -326.81M | 174.20M | 37.12M | 237.56M | 873.37M | 602.26M | 1.22B | 2.06B |
| Investing Cash Flow | -547.25M | -308.44M | -701.69M | -742.09M | -676.46M | -383.73M | -537.11M | -387.82M | -156.18M | 144.52M | -626.80M | -682.71M | -362.30M | -131.23M | -99.04M | -1.19B | -472.79M | -1.56B | -765.17M |
| Financing Cash Flow | 430.42M | 177.55M | -22.02M | 150.45M | 571.22M | -89.11M | 101.16M | -46.91M | 101.21M | -136.39M | 192.04M | 255.23M | 74.94M | -82.59M | 40.55M | 309.39M | 336.85M | 24.85M | -119.23M |
| Capital Expenditure | -242.37M | -459.27M | -279.94M | -588.91M | -731.81M | -379.23M | -282.58M | -257.55M | -166.44M | -229.45M | -514.36M | -739.84M | -668.72M | -416.63M | -540.29M | -903.61M | -1.39B | -1.53B | -869.88M |
| Free Cash Flow | -36.42M | 3.80M | 395.25M | 116.58M | -765.28M | 382.98M | 573.55M | 477.97M | -491.65M | -22.70M | 826.32M | -1.07B | -494.52M | -379.51M | -302.73M | -30.24M | -784.51M | -308.08M | 1.19B |
Ratios (Annual)
Figures in %.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | 49.9% | 54.4% | 50.6% | 46.2% | 35.1% | 25.3% | 26.1% | 24.3% | 27.5% | 22.0% | 18.7% | 17.5% | 17.9% | 25.1% | 25.0% | 2.7% | 39.2% | 44.2% | 40.6% |
| Operating Margin % | 27.2% | 35.2% | 32.9% | 29.2% | -2.5% | -1.1% | 11.2% | 12.4% | 17.8% | -19.6% | 6.0% | 1.8% | -5.3% | 11.7% | 20.1% | -1.0% | 25.8% | 33.2% | 30.6% |
| Net Margin % | 31.4% | 27.9% | 31.0% | 25.9% | -1.4% | -2.9% | 10.6% | 11.7% | 14.4% | -14.3% | -5.6% | 6.4% | -3.8% | 14.7% | 16.0% | -1.7% | 25.0% | 30.7% | 29.3% |
| ROE % | 14.4% | 23.0% | 24.1% | 19.2% | -1.1% | -2.7% | 7.8% | 7.9% | 10.6% | -8.0% | -3.2% | 2.8% | -2.3% | 7.2% | 7.9% | -0.8% | 12.4% | 16.2% | 16.0% |
| ROCE % | - | 25.3% | 23.0% | 19.1% | -1.4% | -0.7% | 7.0% | 7.4% | 11.5% | -9.6% | 2.9% | 0.6% | -2.6% | 5.1% | 8.8% | -0.4% | 9.5% | 13.9% | 14.4% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 12.86% | 13.82M | $3.29B |
| 2 | Vanguard Capital Management LLC | 6.32% | 6.79M | $1.62B |
| 3 | Vanguard Portfolio Management LLC | 5.30% | 5.70M | $1.36B |
| 4 | State Street Corporation | 4.92% | 5.28M | $1.26B |
| 5 | Geode Capital Management, LLC | 2.89% | 3.11M | $739.42M |
| 6 | Invesco Ltd. | 2.47% | 2.66M | $632.31M |
| 7 | JPMORGAN CHASE & CO | 2.14% | 2.30M | $548.36M |
| 8 | Hill City Capital, Lp | 2.03% | 2.18M | $518.25M |
| 9 | Amundi | 1.91% | 2.05M | $487.77M |
| 10 | FMR, LLC | 1.68% | 1.81M | $430.41M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for FSLR
First Solar Stock And 2 US Clean Energy Names Backed by Domestic Supply Chains - simplywall.st
<a href="https://news.google.com/rss/articles/CBMi0gFBVV95cUxQc3drTk5US0JHMjVxR1dyTWN3QU51YUhrdGF3ckxibGJVVmNyMnlZemVyRXhqWkdpNnhFWWthY25yekhCWXV0VlNVUEgzM0xuTHlWaVVNaF9jRlZhN0lVY0dOdkVtU1RwMUdPUGxGeTYyaHFibVZuNUFCbEtQSGZaaWFIWXhZVzd5aUs2MD…
Why Is First Solar (FSLR) Stock Soaring Today - Yahoo Finance
<a href="https://news.google.com/rss/articles/CBMilgFBVV95cUxNeUNKaWVzaVpMQlR5YW5XZ2tVak5sTnZIYWo0dmpXd0ptV1MtUW9Za3huNzR6U19wNE1MWlZSMjhLLTFSb25oSnd1MHFvaTZEMXg5bUk4Tlp2Q0pPOUk1UnJtRW9LVzBvZlpOTzZiNElUbXdlUDZxSko1TlNENGxOd1dSZkFvd3BPWFhYQ0…
Lost Money on First Solar, Inc. (FSLR)? Join Class Action Suit Seeking Recovery - Contact Levi & Korsinsky - GlobeNewswire
<a href="https://news.google.com/rss/articles/CBMiggJBVV95cUxObUhRNjQ3Mk9rVDU4R0Z6Ym14RVlucl9lTWw3ODUzek41ZGJzSEtwakt2OW45Yll4RDB6YlJ4M1NYSFlrb0tubnpndFAyb3QzSUR5R0JfakRSWWlZVkhEd011R3dwU2pEbmtNSDdMZi14QzktV0E1RGctYkFkZkEwWURwOHFLNk1vTEo1dX…
First Solar (NASDAQ:FSLR) Stock Price Expected to Rise, Susquehanna Analyst Says - MarketBeat
<a href="https://news.google.com/rss/articles/CBMiygFBVV95cUxNWXJNbGo2djViQzV5aTZrd3VyelVQdGZ2eVV0WVZTMWM4TC1sUGZRV3h4TUY5aXlaX2x0YzhRRHJZekxRQWYzUy16Uk1Vc3FrQlVNeGsxY09WdGxJZXVKM0E3em1LQktfcnRTS09CTFk5WTQtVmU1REhXazllSTlUdnhOdmxRVm0ybDd6WW…
FSLR Deadline Alert: SueWallSt Reminds First Solar, Inc. (FSLR) Investors of Securities Class Action Deadline on August 24, 2026 - PR Newswire
<a href="https://news.google.com/rss/articles/CBMiigJBVV95cUxPODJMRC1OaDZSME1pUjR6RjZ5N0t6WThjSkZ1cE83a1Vhbnd3a281RzE3QWFxTWpBSEh3N1pRRVN0OXV3M0xwUGtwVUt6em9za1k4dTBzei1jRUhvLVRDM2t3enJLZ1Qtc2FFbms2RHI2R2NnaER4TjU1enE3elZGQlR0S2lpRE01a3pYX2…
2 Value Stocks with Promising Prospects and 1 That Underwhelm - StockStory
<a href="https://news.google.com/rss/articles/CBMiwAFBVV95cUxQdm1FZEhBTnZROGxsZmQwN0xvN182bmRHUjZlZV9GeGJHYVQ0ekFJMFNpZTd2dGRpbEIxZk1ieWhjUnlkNUtsNEtuSzdtYVFmbW1WV1haZWFCZG5UYmVUY0JIZXlqWk1qN0o4bGt3TVR4d3BRSlVzQzVZSlFGLUZ1TVA5QzUzR2NjNVJkbn…
FSLR — Frequently Asked Questions
What is the current share price of First Solar, Inc. (FSLR)?
As of 2026-07-14 21:23 PDT, First Solar, Inc. (FSLR) trades at $220.58 on NasdaqGS. Its 52-week range is $160.84 to $318.25.
What is the market capitalisation of FSLR?
First Solar, Inc. (FSLR) has a market capitalisation of $23.70B on NasdaqGS.
What is the P/E ratio of FSLR?
FSLR trades at a trailing price-to-earnings (P/E) ratio of 14.25. The industry average P/E is 36.02. Its price-to-book (P/B) ratio is 2.91.
What is the return on equity (ROE) of FSLR?
FSLR has a return on equity (ROE) of 18.44%. Its return on capital employed (ROCE) is 14.43%.
Is FSLR a good stock to buy?
This page provides a data-driven analysis of First Solar, Inc. (FSLR), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.