(FSLR) First Solar - Overview
Exchange: NASDAQ •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US3364331070
Stock: Thin-Film Modules, System Sales, O&M Services
Total Rating 59
Risk 75
Buy Signal -1.20
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 56.1% |
| Relative Tail Risk | -11.1% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.82 |
| Alpha | 25.02 |
| Character TTM | |
|---|---|
| Beta | 1.102 |
| Beta Downside | 0.864 |
| Drawdowns 3y | |
|---|---|
| Max DD | 59.97% |
| CAGR/Max DD | 0.22 |
Description: FSLR First Solar December 17, 2025
First Solar, Inc. (NASDAQ:FSLR) is a U.S.-based solar technology firm that designs, manufactures, and sells thin-film cadmium-telluride (CdTe) photovoltaic modules, positioning itself as a lower-carbon alternative to conventional crystalline-silicon panels.
The company operates globally, with project development, O&M services, and power-sale activities in the United States, France, India, Chile and other markets, serving utilities, independent power producers, and commercial-industrial customers.
Key recent metrics: FY 2023 revenue reached approximately $3.3 billion, driven by a record ~12 GW of module shipments; the backlog of contracted projects exceeded $5 billion, indicating strong forward-order flow. A primary sector catalyst is the U.S. Inflation Reduction Act, which expands tax-credit eligibility for utility-scale solar and directly benefits First Solar’s cost-competitive CdTe technology.
For a deeper, data-rich assessment of First Solar’s valuation and risk profile, you may find ValueRay’s analytical dashboard worth a quick look.
Piotroski VR‑10 (Strict, 0-10) 8.0
| Net Income: 1.40b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 9.74 > 1.0 |
| NWC/Revenue: 55.67% < 20% (prev 52.87%; Δ 2.80% < -1%) |
| CFO/TA 0.12 > 3% & CFO 1.63b > Net Income 1.40b |
| Net Debt (-1.10b) to EBITDA (2.03b): -0.54 < 3 |
| Current Ratio: 1.91 > 1.5 & < 3 |
| Outstanding Shares: last quarter (107.5m) vs 12m ago -0.02% < -2% |
| Gross Margin: 40.05% > 18% (prev 0.47%; Δ 3958 % > 0.5%) |
| Asset Turnover: 40.57% > 50% (prev 33.67%; Δ 6.90% > 0%) |
| Interest Coverage Ratio: 34.76 > 6 (EBITDA TTM 2.03b / Interest Expense TTM 43.7m) |
Altman Z'' 5.15
| A: 0.21 (Total Current Assets 5.90b - Total Current Liabilities 3.09b) / Total Assets 13.46b |
| B: 0.47 (Retained Earnings 6.27b / Total Assets 13.46b) |
| C: 0.12 (EBIT TTM 1.52b / Avg Total Assets 12.45b) |
| D: 1.38 (Book Value of Equity 6.12b / Total Liabilities 4.44b) |
| Altman-Z'' Score: 5.15 = AAA |
Beneish M -2.10
| DSRI: 1.90 (Receivables 2.25b/904.1m, Revenue 5.05b/3.85b) |
| GMI: 1.16 (GM 40.05% / 46.54%) |
| AQI: 0.71 (AQ_t 0.13 / AQ_t-1 0.19) |
| SGI: 1.31 (Revenue 5.05b / 3.85b) |
| TATA: -0.02 (NI 1.40b - CFO 1.63b) / TA 13.46b) |
| Beneish M-Score: -2.10 (Cap -4..+1) = BB |
What is the price of FSLR shares?
As of February 05, 2026, the stock is trading at USD 238.06 with a total of 2,156,150 shares traded.
Over the past week, the price has changed by -4.55%, over one month by -12.48%, over three months by -9.38% and over the past year by +43.21%.
Over the past week, the price has changed by -4.55%, over one month by -12.48%, over three months by -9.38% and over the past year by +43.21%.
Is FSLR a buy, sell or hold?
First Solar has received a consensus analysts rating of 4.27.
Therefore, it is recommended to buy FSLR.
- StrongBuy: 19
- Buy: 11
- Hold: 6
- Sell: 0
- StrongSell: 1
What are the forecasts/targets for the FSLR price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 277.8 | 16.7% |
| Analysts Target Price | 277.8 | 16.7% |
| ValueRay Target Price | 260.1 | 9.2% |
FSLR Fundamental Data Overview January 31, 2026
P/E Trailing = 17.4509
P/E Forward = 10.395
P/S = 4.8349
P/B = 2.6664
P/EG = 0.3687
Revenue TTM = 5.05b USD
EBIT TTM = 1.52b USD
EBITDA TTM = 2.03b USD
Long Term Debt = 282.6m USD (from longTermDebt, last quarter)
Short Term Debt = 484.8m USD (from shortTermDebt, last quarter)
Debt = 891.9m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -1.10b USD (from netDebt column, last quarter)
Enterprise Value = 23.27b USD (24.42b + Debt 891.9m - CCE 2.04b)
Interest Coverage Ratio = 34.76 (Ebit TTM 1.52b / Interest Expense TTM 43.7m)
EV/FCF = 37.87x (Enterprise Value 23.27b / FCF TTM 614.5m)
FCF Yield = 2.64% (FCF TTM 614.5m / Enterprise Value 23.27b)
FCF Margin = 12.17% (FCF TTM 614.5m / Revenue TTM 5.05b)
Net Margin = 27.73% (Net Income TTM 1.40b / Revenue TTM 5.05b)
Gross Margin = 40.05% ((Revenue TTM 5.05b - Cost of Revenue TTM 3.03b) / Revenue TTM)
Gross Margin QoQ = 38.29% (prev 45.56%)
Tobins Q-Ratio = 1.73 (Enterprise Value 23.27b / Total Assets 13.46b)
Interest Expense / Debt = 1.58% (Interest Expense 14.1m / Debt 891.9m)
Taxrate = 0.96% (4.40m / 460.3m)
NOPAT = 1.51b (EBIT 1.52b * (1 - 0.96%))
Current Ratio = 1.91 (Total Current Assets 5.90b / Total Current Liabilities 3.09b)
Debt / Equity = 0.10 (Debt 891.9m / totalStockholderEquity, last quarter 9.02b)
Debt / EBITDA = -0.54 (Net Debt -1.10b / EBITDA 2.03b)
Debt / FCF = -1.79 (Net Debt -1.10b / FCF TTM 614.5m)
Total Stockholder Equity = 8.43b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.25% (Net Income 1.40b / Total Assets 13.46b)
RoE = 16.61% (Net Income TTM 1.40b / Total Stockholder Equity 8.43b)
RoCE = 17.44% (EBIT 1.52b / Capital Employed (Equity 8.43b + L.T.Debt 282.6m))
RoIC = 16.46% (NOPAT 1.51b / Invested Capital 9.15b)
WACC = 9.68% (E(24.42b)/V(25.31b) * Re(9.98%) + D(891.9m)/V(25.31b) * Rd(1.58%) * (1-Tc(0.01)))
Discount Rate = 9.98% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.01%
[DCF Debug] Terminal Value 71.65% ; FCFF base≈614.5m ; Y1≈596.7m ; Y5≈595.8m
Fair Price DCF = 84.31 (EV 7.95b - Net Debt -1.10b = Equity 9.05b / Shares 107.3m; r=9.68% [WACC]; 5y FCF grow -4.01% → 2.90% )
EPS Correlation: 65.24 | EPS CAGR: 28.92% | SUE: -4.0 | # QB: 0
Revenue Correlation: 68.75 | Revenue CAGR: 16.23% | SUE: 0.22 | # QB: 0
EPS next Quarter (2026-03-31): EPS=4.38 | Chg30d=-0.051 | Revisions Net=-4 | Analysts=16
EPS next Year (2026-12-31): EPS=22.41 | Chg30d=-0.122 | Revisions Net=-3 | Growth EPS=+53.3% | Growth Revenue=+19.7%
P/E Forward = 10.395
P/S = 4.8349
P/B = 2.6664
P/EG = 0.3687
Revenue TTM = 5.05b USD
EBIT TTM = 1.52b USD
EBITDA TTM = 2.03b USD
Long Term Debt = 282.6m USD (from longTermDebt, last quarter)
Short Term Debt = 484.8m USD (from shortTermDebt, last quarter)
Debt = 891.9m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -1.10b USD (from netDebt column, last quarter)
Enterprise Value = 23.27b USD (24.42b + Debt 891.9m - CCE 2.04b)
Interest Coverage Ratio = 34.76 (Ebit TTM 1.52b / Interest Expense TTM 43.7m)
EV/FCF = 37.87x (Enterprise Value 23.27b / FCF TTM 614.5m)
FCF Yield = 2.64% (FCF TTM 614.5m / Enterprise Value 23.27b)
FCF Margin = 12.17% (FCF TTM 614.5m / Revenue TTM 5.05b)
Net Margin = 27.73% (Net Income TTM 1.40b / Revenue TTM 5.05b)
Gross Margin = 40.05% ((Revenue TTM 5.05b - Cost of Revenue TTM 3.03b) / Revenue TTM)
Gross Margin QoQ = 38.29% (prev 45.56%)
Tobins Q-Ratio = 1.73 (Enterprise Value 23.27b / Total Assets 13.46b)
Interest Expense / Debt = 1.58% (Interest Expense 14.1m / Debt 891.9m)
Taxrate = 0.96% (4.40m / 460.3m)
NOPAT = 1.51b (EBIT 1.52b * (1 - 0.96%))
Current Ratio = 1.91 (Total Current Assets 5.90b / Total Current Liabilities 3.09b)
Debt / Equity = 0.10 (Debt 891.9m / totalStockholderEquity, last quarter 9.02b)
Debt / EBITDA = -0.54 (Net Debt -1.10b / EBITDA 2.03b)
Debt / FCF = -1.79 (Net Debt -1.10b / FCF TTM 614.5m)
Total Stockholder Equity = 8.43b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.25% (Net Income 1.40b / Total Assets 13.46b)
RoE = 16.61% (Net Income TTM 1.40b / Total Stockholder Equity 8.43b)
RoCE = 17.44% (EBIT 1.52b / Capital Employed (Equity 8.43b + L.T.Debt 282.6m))
RoIC = 16.46% (NOPAT 1.51b / Invested Capital 9.15b)
WACC = 9.68% (E(24.42b)/V(25.31b) * Re(9.98%) + D(891.9m)/V(25.31b) * Rd(1.58%) * (1-Tc(0.01)))
Discount Rate = 9.98% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.01%
[DCF Debug] Terminal Value 71.65% ; FCFF base≈614.5m ; Y1≈596.7m ; Y5≈595.8m
Fair Price DCF = 84.31 (EV 7.95b - Net Debt -1.10b = Equity 9.05b / Shares 107.3m; r=9.68% [WACC]; 5y FCF grow -4.01% → 2.90% )
EPS Correlation: 65.24 | EPS CAGR: 28.92% | SUE: -4.0 | # QB: 0
Revenue Correlation: 68.75 | Revenue CAGR: 16.23% | SUE: 0.22 | # QB: 0
EPS next Quarter (2026-03-31): EPS=4.38 | Chg30d=-0.051 | Revisions Net=-4 | Analysts=16
EPS next Year (2026-12-31): EPS=22.41 | Chg30d=-0.122 | Revisions Net=-3 | Growth EPS=+53.3% | Growth Revenue=+19.7%