Stock · FSLR · Technology
United States · Large Cap · listed since 2006 · Revenue 12 mo. $5.4B
Price as of 11/06/2026
First Solar, Inc., a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.
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.
Original text from the data provider
Summary
60.5 of 100
Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.
Analysis
What the price requires
If free cash flow stays at €1.1B (2025), it supports €11.8B. The remaining €6.7B of the market value assume it grows 6.4% a year for 10 years and not at all afterwards.
Required FCF growth per year
6.4%
no growth afterwards
Price to operating cash flow 10.1×, below its usual range.
Middle half of 20 quarters: 17.6× to 28.5×, median 23.7×.
Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.
with respect to the priced-in expectation
No indication in the stored figures.
with respect to the priced-in expectation
Since the last quarter
Q1 → Q2 2026
3 more unchanged: Revenue, 12 mo., Shares outstanding, Return on equity
Derivation
Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.
Price as of 11/06/2026.
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Return on equity | 16.02% | 14.60% | Rank 54 |
| Return on capital (Greenblatt) | 16.90% | 29.77% | Rank 32 |
| EBIT margin | 30.59% | 17.40% | Rank 81 |
| FCF margin | 22.75% | 18.54% | Rank 65 |
| Gross margin | 40.62% | 48.47% | Rank 33 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Revenue growth, 1 year | 24.09% | 12.70% | Rank 78 |
| Earnings growth, 3 years per yeardoes not count towards the rank | – | 9.54% | |
| Earnings growth, 5 years per year | 30.65% | 14.07% | Rank 82 |
| Sustainable growth (ROE × retained earnings) | 16.67% | 2.87% | Rank 90 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Earnings yield | 7.07% | 2.64% | Rank 90 |
| FCF yield | 5.73% | 3.06% | Rank 77 |
| EV/saleslower is better | 3.52 | 5.18 | Rank 63 |
| EV/EBITlower is better | 11.49 | 26.24 | Rank 88 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Share price, 1 year | −35.65% | −0.59% | Rank 13 |
| Share price, 6 months | −8.07% | −4.46% | Rank 46 |
| Share price, 3 months | −14.43% | −5.84% | Rank 38 |
| Distance from 52-week high | −36.80% | −33.23% | Rank 45 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Accruals (Sloan)lower is better | 1.86% | 1.65% | Rank 48 |
| Change in share countlower is better | 0.01% | −0.17% | Rank 37 |
| Dividend streak in years | – | 8 | Rank 18 |
| Price reaction to results, market-adjusted | 0.19% | −1.57% | Rank 61 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Equity ratio | 71.60% | 53.98% | Rank 83 |
| Net debt/EBITDAlower is better | −1.09 | −0.20 | Rank 73 |
| Debt to equitylower is better | 0.05 | 0.33 | Rank 80 |
| Volatility, 1 yearlower is better | 54.10% | 50.37% | Rank 46 |
Ten years in figures
| Year | Revenue, $B | EBIT margin | FCF | Shares | Net debt |
|---|---|---|---|---|---|
| 2016 | 2.9 | −19.6% | −$22.7M | 103M | −$1.1B |
| 2017 | 2.9 | 6.1% | $826.3M | 104M | −$1.8B |
| 2018 | 2.2 | 1.8% | −$1.1B | 106M | −$936.8M |
| 2019 | 3.1 | −5.3% | −$494.5M | 105M | −$757.4M |
| 2020 | 2.7 | 11.7% | −$379.5M | 107M | −$744.7M |
| 2021 | 2.9 | 20.1% | −$302.7M | 107M | −$1.1B |
| 2022 | 2.6 | −1.0% | −$30.2M | 107M | −$1.2B |
| 2023 | 3.3 | 25.8% | −$784.5M | 107M | −$1.3B |
| 2024 | 4.2 | 33.2% | −$308.1M | 108M | −$902.6M |
| 2025 | 5.2 | 30.6% | $1.2B | 108M | −$2.3B |
4 of 7 StockScorer Score rules met · How the score is built
First Solar Inc mainly meets criteria in the Valuation category. Result from 18 strategies checked.
First Solar Inc is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.
4 of 7 rules met
7 of 11 points
Detail data
Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.
With a free account, you can see the match across all strategies checked in one complete overview.
Selected fundamental metrics for First Solar Inc.
| Metric | Stock | Sector |
|---|---|---|
| P/E ratio | 14.2 | 35.1 |
| P/B ratio | 2.3 | 5.5 |
| Return on equity (ROE) | 16.0% | 14.6% |
| Equity ratio | 71.6% | 54.0% |
| Debt-to-equity (D/E) | 0.05 | 0.33 |
| Dividend yield | 0.0% | 0.9% |
How comparable stocks in the same sector score in the StockScorer model.
| Symbol | Company | Rating |
|---|---|---|
| FSLR | First Solar Incthis page | |
| NXT | Nextpower Inc. | locked |
| S92.DE | SMA Solar Technology AG | Low2.7 |
| BR | Broadridge Financial Solutions Inc | Medium5.5 |
| SMCI | Super Micro Computer Inc | locked |
| GFS | Globalfoundries Inc | locked |
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Learn more about the metrics in the metrics glossary or all rated stocks in the stock overview.
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