FSLR - NASDAQ

First Solar, Inc.

First Solar, Inc.

FSLRยทNASDAQ

$318.30

+5.0%
EnergySolar

First Solar, Inc. provides photovoltaic (PV) solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally. The company designs, manufactures, and sells cadmium telluride solar modules that converts sunlight into electricity. It serves developers and operators of systems, utilities, independent power producers, commercial and industrial companies, and other system owners. 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 Tempe, Arizona.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$34.20B
EPS14.2500
P/E Ratio22.34
Earnings Date07/30/2026
First Solar, Inc.

First Solar, Inc. Fair Value Envelope

FSLR ยท NASDAQ

Our analysis suggests that FSLR has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $318.3, this represents a potential HIDDEN relative to our calculated worth for First Solar, Inc..

HIDDEN
Intrinsic Value
Current Price: $318.3

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$17,121.8B
+ Cash & Equivalents$2.8B
Firm Value$17,124.6B
- Debt$498.6M
Equity Value$17,124.1B
/ Shares Outstanding107,307,732B
DCF Value$159.6K
UNDERVALUED BY 50035%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$4.1B
$8.2B
$16.5B
$32.9B
$65.8B
$131.7B
$263.3B
$526.6B
$1,053.2B
$2,106.5B
Maintenance CapEx
-$348.0M
-$695.9M
-$1.4B
-$2.8B
-$5.6B
-$11.1B
-$22.3B
-$44.5B
-$89.1B
-$178.2B
Owner Earnings
$3.8B
$7.5B
$15.1B
$30.1B
$60.3B
$120.5B
$241.0B
$482.1B
$964.2B
$1,928.3B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$3.5B
$6.5B
$12.0B
$22.1B
$41.0B
$75.9B
$140.6B
$260.5B
$482.3B
$893.2B
Terminal Value represents 88.7% of Enterprise Value

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