(FSLR) First Solar - Overview
Exchange: NASDAQ •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US3364331070
Stock: Solar Modules, Thin Film, PV
Total Rating 55
Risk 88
Buy Signal -1.05
| Risk 5d forecast | |
|---|---|
| Volatility | 57.4% |
| Relative Tail Risk | -13.4% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.83 |
| Alpha | 24.36 |
| Character TTM | |
|---|---|
| Beta | 1.279 |
| Beta Downside | 0.647 |
| Drawdowns 3y | |
|---|---|
| Max DD | 59.97% |
| CAGR/Max DD | -0.05 |
EPS (Earnings per Share)
Revenue
Description: FSLR First Solar March 05, 2026
First Solar, Inc. (FSLR) is a solar technology company. It specializes in photovoltaic (PV) solar energy solutions, operating globally.
The company manufactures and sells PV solar modules using thin-film semiconductor technology. This technology offers a lower-carbon alternative compared to conventional crystalline silicon PV modules, a common type in the solar industry.
FSLR also produces cadmium telluride solar modules, which convert sunlight into electricity. This material is known for its efficiency in specific solar applications.
Beyond manufacturing, First Solar engages in project development, provides operations and maintenance services, and sells PV solar power systems. Its customer base includes utilities, independent power producers, and commercial entities.
For deeper insights into FSLRs financial health and market position, consider exploring its detailed financial reports on ValueRay.
Headlines to watch out for
Government solar incentives boost module demand | Cadmium telluride module efficiency impacts sales | Raw material costs influence production margins | Utility-scale project pipeline drives revenue | Global energy policy shifts affect market growth
Piotroski VR‑10 (Strict, 0-10) 7.5
| Net Income: 1.53b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA 11.45 > 1.0 |
| NWC/Revenue: 72.32% < 20% (prev 71.60%; Δ 0.72% < -1%) |
| CFO/TA 0.15 > 3% & CFO 2.06b > Net Income 1.53b |
| Net Debt (-2.30b) to EBITDA (2.15b): -1.07 < 3 |
| Current Ratio: 2.67 > 1.5 & < 3 |
| Outstanding Shares: last quarter (107.7m) vs 12m ago 0.08% < -2% |
| Gross Margin: 40.62% > 18% (prev 0.44%; Δ 4018 % > 0.5%) |
| Asset Turnover: 41.02% > 50% (prev 34.69%; Δ 6.33% > 0%) |
| Interest Coverage Ratio: 36.82 > 6 (EBITDA TTM 2.15b / Interest Expense TTM 44.1m) |
Altman Z'' 6.22
| A: 0.28 (Total Current Assets 6.03b - Total Current Liabilities 2.25b) / Total Assets 13.32b |
| B: 0.51 (Retained Earnings 6.79b / Total Assets 13.32b) |
| C: 0.13 (EBIT TTM 1.63b / Avg Total Assets 12.72b) |
| D: 1.75 (Book Value of Equity 6.64b / Total Liabilities 3.78b) |
| Altman-Z'' Score: 6.22 = AAA |
Beneish M -3.17
| DSRI: 0.58 (Receivables 1.29b/1.81b, Revenue 5.22b/4.21b) |
| GMI: 1.09 (GM 40.62% / 44.17%) |
| AQI: 1.00 (AQ_t 0.12 / AQ_t-1 0.12) |
| SGI: 1.24 (Revenue 5.22b / 4.21b) |
| TATA: -0.04 (NI 1.53b - CFO 2.06b) / TA 13.32b) |
| Beneish M-Score: -3.17 (Cap -4..+1) = AA |
What is the price of FSLR shares?
As of March 08, 2026, the stock is trading at USD 189.21 with a total of 1,737,939 shares traded.
Over the past week, the price has changed by -4.05%, over one month by -13.50%, over three months by -26.06% and over the past year by +44.29%.
Over the past week, the price has changed by -4.05%, over one month by -13.50%, over three months by -26.06% and over the past year by +44.29%.
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 | 258.3 | 36.5% |
| Analysts Target Price | 258.3 | 36.5% |
FSLR Fundamental Data Overview March 06, 2026
P/E Trailing = 13.8923
P/E Forward = 11.0132
P/S = 4.0559
P/B = 2.2224
P/EG = 0.4712
Revenue TTM = 5.22b USD
EBIT TTM = 1.63b USD
EBITDA TTM = 2.15b USD
Long Term Debt = 282.6m USD (from longTermDebt, last quarter)
Short Term Debt = 216.0m USD (from shortTermDebt, last quarter)
Debt = 498.6m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -2.30b USD (from netDebt column, last quarter)
Enterprise Value = 18.81b USD (21.17b + Debt 498.6m - CCE 2.86b)
Interest Coverage Ratio = 36.82 (Ebit TTM 1.63b / Interest Expense TTM 44.1m)
EV/FCF = 15.85x (Enterprise Value 18.81b / FCF TTM 1.19b)
FCF Yield = 6.31% (FCF TTM 1.19b / Enterprise Value 18.81b)
FCF Margin = 22.75% (FCF TTM 1.19b / Revenue TTM 5.22b)
Net Margin = 29.28% (Net Income TTM 1.53b / Revenue TTM 5.22b)
Gross Margin = 40.62% ((Revenue TTM 5.22b - Cost of Revenue TTM 3.10b) / Revenue TTM)
Gross Margin QoQ = 39.54% (prev 38.29%)
Tobins Q-Ratio = 1.41 (Enterprise Value 18.81b / Total Assets 13.32b)
Interest Expense / Debt = 2.27% (Interest Expense 11.3m / Debt 498.6m)
Taxrate = 5.52% (30.5m / 551.3m)
NOPAT = 1.54b (EBIT 1.63b * (1 - 5.52%))
Current Ratio = 2.67 (Total Current Assets 6.03b / Total Current Liabilities 2.25b)
Debt / Equity = 0.05 (Debt 498.6m / totalStockholderEquity, last quarter 9.54b)
Debt / EBITDA = -1.07 (Net Debt -2.30b / EBITDA 2.15b)
Debt / FCF = -1.94 (Net Debt -2.30b / FCF TTM 1.19b)
Total Stockholder Equity = 8.82b (last 4 quarters mean from totalStockholderEquity)
RoA = 12.01% (Net Income 1.53b / Total Assets 13.32b)
RoE = 17.32% (Net Income TTM 1.53b / Total Stockholder Equity 8.82b)
RoCE = 17.85% (EBIT 1.63b / Capital Employed (Equity 8.82b + L.T.Debt 282.6m))
RoIC = 16.15% (NOPAT 1.54b / Invested Capital 9.51b)
WACC = 10.43% (E(21.17b)/V(21.67b) * Re(10.63%) + D(498.6m)/V(21.67b) * Rd(2.27%) * (1-Tc(0.06)))
Discount Rate = 10.63% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.06%
[DCF] Terminal Value 69.15% ; FCFF base≈1.19b ; Y1≈1.15b ; Y5≈1.15b
[DCF] Fair Price = 150.5 (EV 13.84b - Net Debt -2.30b = Equity 16.15b / Shares 107.3m; r=10.43% [WACC]; 5y FCF grow -4.01% → 2.90% )
EPS Correlation: 88.92 | EPS CAGR: 120.6% | SUE: -0.60 | # QB: 0
Revenue Correlation: 81.70 | Revenue CAGR: 50.09% | SUE: 0.95 | # QB: 1
EPS next Quarter (2026-06-30): EPS=4.20 | Chg7d=-0.919 | Chg30d=-0.919 | Revisions Net=-11 | Analysts=20
EPS current Year (2026-12-31): EPS=18.38 | Chg7d=-4.006 | Chg30d=-4.064 | Revisions Net=-20 | Growth EPS=+29.4% | Growth Revenue=-1.2%
EPS next Year (2027-12-31): EPS=24.27 | Chg7d=-4.276 | Chg30d=-4.250 | Revisions Net=-19 | Growth EPS=+32.0% | Growth Revenue=+21.0%
[Analyst] Revisions Ratio: -1.00 (0 Up / 11 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 3.4% (Discount Rate 10.6% - Earnings Yield 7.2%)
[Growth] Growth Spread = +5.5% (Analyst 9.0% - Implied 3.4%)
P/E Forward = 11.0132
P/S = 4.0559
P/B = 2.2224
P/EG = 0.4712
Revenue TTM = 5.22b USD
EBIT TTM = 1.63b USD
EBITDA TTM = 2.15b USD
Long Term Debt = 282.6m USD (from longTermDebt, last quarter)
Short Term Debt = 216.0m USD (from shortTermDebt, last quarter)
Debt = 498.6m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -2.30b USD (from netDebt column, last quarter)
Enterprise Value = 18.81b USD (21.17b + Debt 498.6m - CCE 2.86b)
Interest Coverage Ratio = 36.82 (Ebit TTM 1.63b / Interest Expense TTM 44.1m)
EV/FCF = 15.85x (Enterprise Value 18.81b / FCF TTM 1.19b)
FCF Yield = 6.31% (FCF TTM 1.19b / Enterprise Value 18.81b)
FCF Margin = 22.75% (FCF TTM 1.19b / Revenue TTM 5.22b)
Net Margin = 29.28% (Net Income TTM 1.53b / Revenue TTM 5.22b)
Gross Margin = 40.62% ((Revenue TTM 5.22b - Cost of Revenue TTM 3.10b) / Revenue TTM)
Gross Margin QoQ = 39.54% (prev 38.29%)
Tobins Q-Ratio = 1.41 (Enterprise Value 18.81b / Total Assets 13.32b)
Interest Expense / Debt = 2.27% (Interest Expense 11.3m / Debt 498.6m)
Taxrate = 5.52% (30.5m / 551.3m)
NOPAT = 1.54b (EBIT 1.63b * (1 - 5.52%))
Current Ratio = 2.67 (Total Current Assets 6.03b / Total Current Liabilities 2.25b)
Debt / Equity = 0.05 (Debt 498.6m / totalStockholderEquity, last quarter 9.54b)
Debt / EBITDA = -1.07 (Net Debt -2.30b / EBITDA 2.15b)
Debt / FCF = -1.94 (Net Debt -2.30b / FCF TTM 1.19b)
Total Stockholder Equity = 8.82b (last 4 quarters mean from totalStockholderEquity)
RoA = 12.01% (Net Income 1.53b / Total Assets 13.32b)
RoE = 17.32% (Net Income TTM 1.53b / Total Stockholder Equity 8.82b)
RoCE = 17.85% (EBIT 1.63b / Capital Employed (Equity 8.82b + L.T.Debt 282.6m))
RoIC = 16.15% (NOPAT 1.54b / Invested Capital 9.51b)
WACC = 10.43% (E(21.17b)/V(21.67b) * Re(10.63%) + D(498.6m)/V(21.67b) * Rd(2.27%) * (1-Tc(0.06)))
Discount Rate = 10.63% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.06%
[DCF] Terminal Value 69.15% ; FCFF base≈1.19b ; Y1≈1.15b ; Y5≈1.15b
[DCF] Fair Price = 150.5 (EV 13.84b - Net Debt -2.30b = Equity 16.15b / Shares 107.3m; r=10.43% [WACC]; 5y FCF grow -4.01% → 2.90% )
EPS Correlation: 88.92 | EPS CAGR: 120.6% | SUE: -0.60 | # QB: 0
Revenue Correlation: 81.70 | Revenue CAGR: 50.09% | SUE: 0.95 | # QB: 1
EPS next Quarter (2026-06-30): EPS=4.20 | Chg7d=-0.919 | Chg30d=-0.919 | Revisions Net=-11 | Analysts=20
EPS current Year (2026-12-31): EPS=18.38 | Chg7d=-4.006 | Chg30d=-4.064 | Revisions Net=-20 | Growth EPS=+29.4% | Growth Revenue=-1.2%
EPS next Year (2027-12-31): EPS=24.27 | Chg7d=-4.276 | Chg30d=-4.250 | Revisions Net=-19 | Growth EPS=+32.0% | Growth Revenue=+21.0%
[Analyst] Revisions Ratio: -1.00 (0 Up / 11 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 3.4% (Discount Rate 10.6% - Earnings Yield 7.2%)
[Growth] Growth Spread = +5.5% (Analyst 9.0% - Implied 3.4%)