First Solar, Inc. FSLR SPX
Technology · Solar · United States
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.
READ MORE ›$306.79
+94.07% 1Y
Market & Price
Market Cap
$32.97B
Current Price
$306.79
High / Low (52W)
$306.79 / $143.67
Beta
1.56
Valuation
Stock P/E
19.81
Industry PE
32.74
Forward P/E
13.09
PEG Ratio
0.80
Book Value
$91.93
Price to Book
3.34
P/S
6.08
EV/EBITDA
13.70
Dividend Yield
-
Profitability & Returns
ROCE
14.68%
ROE
18.44%
ROA
8.45%
Profit Margin
30.73%
Op Margin
33.07%
EPS (Latest Qtr)
$3.22
EPS (TTM)
$15.49
Balance Sheet & Liquidity
Debt/Equity
0.06
Quick Ratio
1.91
Current Ratio
2.56
Debt
$587.12M
Total Assets
$13.32B
Current Assets
$6.03B
Working Capital
$3.77B
Ownership
Promoter Holding
5.43%
Chg in Prom Hold
-
FII / Inst Holding
94.13%
Chg in FII Hold
0.02%
Financial Snapshot
Enterprise Value
$31.13B
Total Revenue (TTM)
$5.42B
EBITDA
$2.27B
Free Cash Flow
$1.15B
Operating Cash Flow
$2.45B
Shares Outstanding
107.45M
Gross Margin
41.74%
Payout Ratio
0.00%
Growth (CAGR)
Revenue 5Y
25.84%
Profit 5Y
1,186.73%
Revenue (YoY)
23.60%
Earnings (YoY)
65.10%
PROS
- Excellent profit margin of 30.7%.
- Compounding revenue at 25.8% over 5 years.
- Profit CAGR of 1186.7% over 5 years.
- Generates positive free cash flow.
CONS
- In a downtrend (50-DMA below 200-DMA).
- RSI at 83 suggests overbought conditions.
* The pros and cons are auto-generated from financial metrics.
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
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
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 | 306.79 | 19.81 | $32.97B | - | 14.68% | 18.44% | 25.84% | 1,186.73% |
| 2 | NVDA NVIDIA Corporation NDXSPXAI | 211.14 | 32.38 | $5.11T | 0.47% | 81.14% | 114.29% | 100.05% | 201.80% |
| 3 | AAPL Apple Inc. NDXSPX | 312.06 | 37.73 | $4.58T | 0.35% | 68.72% | 141.47% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXAI | 450.24 | 26.82 | $3.34T | 0.81% | 26.37% | 34.01% | 12.42% | 11.87% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AI | 418.45 | 35.86 | $2.17T | 0.91% | 32.04% | 36.21% | 18.94% | 19.57% |
| 6 | MU Micron Technology, Inc. NDXSPXAI | 971.00 | 45.87 | $1.10T | 0.06% | 14.20% | 39.82% | 6.71% | -0.57% |
| 7 | AMD Advanced Micro Devices, Inc. NDXSPXAI | 516.10 | 172.61 | $841.55B | - | 6.33% | 8.06% | 13.64% | 48.64% |
| 8 | ORCL Oracle Corporation SPXAI | 225.78 | 40.46 | $649.35B | 0.89% | 13.07% | 57.57% | 10.59% | 22.81% |
| 9 | ASML ASML Holding N.V. NDXAI | 1,612.76 | 53.76 | $621.59B | 0.54% | 43.81% | 52.24% | 15.55% | 19.55% |
Ad space
Quarterly Results
Figures in USD.
| Metric | 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 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 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 | 1.68B | 1.04B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 500.17M | 597.32M | 984.11M | 1.02B | 558.11M |
| Gross Profit | 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 | 665.34M | 486.13M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 123.16M | 138.24M | 144.65M | 117.42M | 140.83M |
| Operating Income | 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 | 547.92M | 345.30M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 351.43M | 487.03M | 612.53M | 703.27M | 509.34M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 9.53M | 9.18M | 14.12M | 11.30M | 7.62M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 217.06M | 352.17M | 460.35M | 551.34M | 354.33M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 7.52M | 10.30M | 4.40M | 30.46M | 7.71M |
| Net Income | 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 | 520.88M | 346.62M |
| Diluted EPS | 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 | 4.84 | 3.22 |
| R&D Expense | 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 | - | - | - | - | - | - | - | - | - | 2.90B | 2.94B | 2.24B | 3.06B | 2.71B | - | 2.62B | 3.32B | 4.21B | 5.22B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.55B | 2.02B | 2.35B | 3.10B |
| 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 | - | 69.86M | 1.30B | 1.86B | 2.12B |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 350.61M | 414.71M | 464.13M | 523.48M |
| 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 | - | -280.75M | 885.97M | 1.39B | 1.60B |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 290.55M | 1.21B | 1.87B | 2.15B |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 12.22M | 12.96M | 38.87M | 44.13M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 8.60M | 891.29M | 1.41B | 1.58B |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 52.76M | 60.51M | 114.29M | 52.68M |
| 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 | - | -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 | - | -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 |
Compounded Sales Growth
| 5 Years: | 25.84% |
| 1 Year: | 23.60% |
Compounded Profit Growth
| 5 Years: | 1,186.73% |
| 1 Year: | 65.10% |
Stock Price Performance
| 1 Year: | +94.07% |
| 6 Months: | +17.83% |
| 3 Months: | +55.57% |
| 1 Month: | +60.95% |
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 | - | 8.25B | 10.37B | 12.12B | 13.32B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.79B | 4.63B | 5.09B | 6.03B |
| 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 | - | 1.48B | 1.95B | 1.62B | 2.80B |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 783.30M | 1.01B | 1.35B | 1.07B |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 324.34M | 660.78M | 1.26B | 1.29B |
| 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 | - | 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 | - | 1.04B | 1.31B | 2.08B | 2.25B |
| Long Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | 454.19M | 237.69M | - | 184.35M | 464.07M | 373.35M | 282.59M |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 234.13M | 624.39M | 718.80M | 655.34M |
| 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 | - | 5.84B | 6.69B | 7.98B | 9.54B |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 106.61M | 106.85M | 107.06M | 107.31M |
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 | - | 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 | - | -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 | - | 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 | - | -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 | - | -30.24M | -784.51M | -308.08M | 1.19B |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -9.81M | 466.32M | -320.46M | 1.17B |
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 % | - | - | - | - | - | - | - | - | - | 22.0% | 18.7% | 17.5% | 17.9% | 25.1% | - | 2.7% | 39.2% | 44.2% | 40.6% |
| Operating Margin % | - | - | - | - | - | - | - | - | - | -19.6% | 6.0% | 1.8% | -5.3% | 11.7% | - | -10.7% | 26.7% | 33.1% | 30.6% |
| Net Margin % | - | - | - | - | - | - | - | - | - | -14.3% | -5.6% | 6.4% | -3.8% | 14.7% | - | -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% | - | -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% | - | -3.9% | 9.8% | 13.9% | 14.4% |
Shareholding Pattern
Insiders
5.43%
Institutions
94.13%
Public Float
99.53%
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 12.86% | 13.82M | $4.24B |
| 2 | Vanguard Capital Management LLC | 6.32% | 6.79M | $2.08B |
| 3 | Vanguard Portfolio Management LLC | 5.30% | 5.70M | $1.75B |
| 4 | State Street Corporation | 4.92% | 5.28M | $1.62B |
| 5 | Geode Capital Management, LLC | 2.89% | 3.11M | $953.14M |
| 6 | Invesco Ltd. | 2.47% | 2.66M | $815.08M |
| 7 | JPMORGAN CHASE & CO | 2.14% | 2.30M | $706.86M |
| 8 | Hill City Capital, Lp | 2.03% | 2.18M | $668.05M |
| 9 | Amundi | 1.91% | 2.05M | $628.76M |
| 10 | FMR, LLC | 1.68% | 1.81M | $554.81M |
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Analyst aggregate. Targets and ratings update periodically; not investment advice.
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