Inside the research
First Solar, Inc.
FSLR Research profile · latest available data
Price overview
$177.71
▲ +5.55 (+3.2%)
| 52w hi | $318.25 |
|---|---|
| 52w lo | $172.16 |
| Vol | 3.15M |
| As of | 25 Sep 2026 |
The Verdict
Our score -0.22
| Short | +0.08 |
|---|---|
| Medium | -0.52 |
| Long | -0.23 |
computed 2026-09-27
Key fundamentals
First Solar, Inc.
Technology · Solar
| Market cap | $19.10B |
|---|---|
| Enterprise value | $17.57B |
| Trailing P/E | 10.96x |
| Forward P/E | 7.64x |
| EV / EBITDA | 7.36x |
| P / S (ttm) | 3.55x |
| Profit margin | 32.5% |
| Return on equity | 18.5% |
| Revenue growth | -3.7% |
| Earnings growth | +23.3% |
| Debt / equity | 1.88 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.34 | |
| Sector | -0.15 | |
| Technical | -0.25 | |
| Earnings | +0.00 | |
| Sentiment | +0.31 |
macro × 1.00 · 2026-09-27
Business 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.
Risk Metrics
| Beta vs SPX | 1.20 |
|---|---|
| Corr SPX | 0.33 |
| Annual vol | 58.5% |
| Annual ret | +2.0% |
| Sharpe | 0.03 |
| Max DD | -52.9% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $246.21 |
|---|---|
| High / Low | $313.00 / $150.00 |
| Median | $245.00 |
| Analysts | 29 |
| Strong Buy | 9 | |
|---|---|---|
| Buy | 12 | |
| Hold | 13 | |
| Sell | 1 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-05-05 | Freedom Broker | → Buy |
| 2026-05-04 | UBS | → Buy |
| 2026-05-04 | Evercore ISI Group | → In-Line |
| 2026-04-21 | Citigroup | → Buy |
| 2026-04-21 | Barclays | → Overweight |
| 2026-04-09 | Susquehanna | → Positive |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-07-30 | Earnings Release, Exhibits | read |
| 2026-05-15 | Shareholder Vote | read |
| 2026-04-30 | Earnings Release, Exhibits | read |
| 2026-02-24 | Earnings Release, Exhibits | read |
| 2026-02-19 | Material Agreement, Termination of Agreement… | read |
| 2025-10-30 | Earnings Release, Exhibits | read |
| 2025-10-21 | Other Material Event | read |
| 2025-07-31 | Earnings Release, Exhibits | read |
| 2025-07-30 | Other Material Event | read |
| 2025-06-24 | Other Material Event | read |
| 2025-05-16 | Shareholder Vote | read |
| 2025-04-29 | Earnings Release, Exhibits | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-08-11 | Dymbort Jason E. | General Counsel and Secre | Sell | 3.70K | $922.71K |
| 2026-08-04 | Gloeckler Markus | Chief Technology Officer | Sell | 829 | $205.59K |
| 2026-08-04 | Ahearn Michael J | Gift | 44.58K | — | |
| 2026-08-03 | Gloeckler Markus | Chief Technology Officer | Sell | 2.62K | $572.30K |
| 2026-08-03 | Koralewski Michael | Chief Supply Chain Office | Sell | 3.50K | $763.07K |
| 2026-08-03 | Gloeckler Markus | Chief Technology Officer | Sell | 800 | $177.60K |
| 2026-06-30 | POST WILLIAM J | Grant | 223 | — | |
| 2026-06-30 | STEBBINS PAUL H | Grant | 223 | — | |
| 2026-06-30 | Ahearn Michael J | Grant | 313 | — | |
| 2026-06-30 | George Anita M. | Grant | 223 | — |
Flow & Concentration
| Insider 180d net | -$2.64M |
|---|---|
| Insider buys / sells | 0 / 5 |
| Insider bias | Sellers |
| 13F holders | 8 |
| Top-5 share | 97.4% |
| HHI | 2,783 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| Citadel Advisors | $1.61B | 6.83M |
| State Street Corp | $1.32B | 5.58M |
| Fidelity / FMR LLC | $514.21M | 2.18M |
| Capital Research / Capital World | $407.19M | 1.73M |
| Millennium Management | $198.89M | 842.89K |
| AQR Capital Management | $97.89M | 414.88K |
| Renaissance Technologies | $10.29M | 43.60K |
| T. Rowe Price Group | $37.20K | 157.65K |
As of 2026-06-30
SEC Filings
The Long Run
FY 2009–2025 · 17 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $4.21B | +4.5% | |
| Gross profit | $2.12B | +4.5% | |
| Operating income | $857.27M | +25.7% | |
| Net income | $1.53B | +9.1% | |
| Cash from ops | $1.22B | +7.7% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $174.09 | $180.92 | $173.44 | $177.71 | 3.15M |
| Sep 24 | $190.00 | $190.00 | $170.80 | $172.16 | 6.37M |
| Sep 23 | $200.39 | $201.49 | $191.15 | $191.97 | 2.12M |
| Sep 22 | $200.89 | $202.46 | $198.53 | $200.78 | 2.04M |
| Sep 21 | $198.22 | $201.16 | $193.73 | $199.84 | 1.84M |
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