image
Energy - Solar - NASDAQ - US
$ 185.03
8.51 %
$ 19.8 B
Market Cap
15.72
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one FSLR stock under the worst case scenario is HIDDEN Compared to the current market price of 185 USD, First Solar, Inc. is HIDDEN

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one FSLR stock under the base case scenario is HIDDEN Compared to the current market price of 185 USD, First Solar, Inc. is HIDDEN

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one FSLR stock under the best case scenario is HIDDEN Compared to the current market price of 185 USD, First Solar, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart FSLR

image
$200.0$200.0$190.0$190.0$180.0$180.0$170.0$170.0$160.0$160.0$150.0$150.0$140.0$140.0$130.0$130.0$120.0$120.015 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '2515 Jun15 JunJul '25Jul '25
FINANCIALS
4.21 B REVENUE
26.75%
1.39 B OPERATING INCOME
62.66%
1.29 B NET INCOME
55.52%
1.22 B OPERATING CASH FLOW
102.24%
-1.56 B INVESTING CASH FLOW
-230.65%
24.8 M FINANCING CASH FLOW
-92.62%
845 M REVENUE
-44.22%
221 M OPERATING INCOME
-51.56%
210 M NET INCOME
-46.70%
-608 M OPERATING CASH FLOW
-74.97%
-88.2 M INVESTING CASH FLOW
60.16%
-99.6 M FINANCING CASH FLOW
-324.20%
Balance Sheet First Solar, Inc.
image
Current Assets 5.09 B
Cash & Short-Term Investments 1.79 B
Receivables 1.81 B
Other Current Assets 1.49 B
Non-Current Assets 7.04 B
Long-Term Investments 0
PP&E 5.41 B
Other Non-Current Assets 1.62 B
14.79 %14.92 %12.27 %44.65 %13.38 %Total Assets$12.1b
Current Liabilities 2.08 B
Accounts Payable 482 M
Short-Term Debt 250 M
Other Current Liabilities 1.35 B
Non-Current Liabilities 2.07 B
Long-Term Debt 469 M
Other Non-Current Liabilities 1.6 B
11.63 %6.02 %32.45 %11.31 %38.59 %Total Liabilities$4.1b
EFFICIENCY
Earnings Waterfall First Solar, Inc.
image
Revenue 4.21 B
Cost Of Revenue 2.35 B
Gross Profit 1.86 B
Operating Expenses 465 M
Operating Income 1.39 B
Other Expenses 102 M
Net Income 1.29 B
5b5b4b4b4b4b3b3b3b3b2b2b2b2b1b1b500m500m004b(2b)2b(465m)1b(102m)1bRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
44.17% GROSS MARGIN
44.17%
33.15% OPERATING MARGIN
33.15%
30.72% NET MARGIN
30.72%
16.20% ROE
16.20%
10.66% ROA
10.66%
12.44% ROIC
12.44%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis First Solar, Inc.
image
1b1b800m800m600m600m400m400m200m200m00(200m)(200m)(400m)(400m)(600m)(600m)(800m)(800m)(1b)(1b)(1b)(1b)20162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 1.29 B
Depreciation & Amortization 423 M
Capital Expenditures -1.53 B
Stock-Based Compensation 28.1 M
Change in Working Capital -483 M
Others 42.5 M
Free Cash Flow -308 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets First Solar, Inc.
image
Wall Street analysts predict an average 1-year price target for FSLR of $261 , with forecasts ranging from a low of $172 to a high of $326 .
FSLR Lowest Price Target Wall Street Target
172 USD -6.84%
FSLR Average Price Target Wall Street Target
261 USD 41.29%
FSLR Highest Price Target Wall Street Target
326 USD 76.19%
Price
Max Price Target
Min Price Target
Average Price Target
350350300300250250200200150150100100Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26Jun '26Jun '26Jul '26Jul '26
4. DIVIDEND ANALYSIS
5. COMPETITION
6. Ownership
Insider Ownership First Solar, Inc.
image
Sold
0-3 MONTHS
3.55 M USD 4
3-6 MONTHS
5.24 M USD 10
6-9 MONTHS
715 K USD 1
9-12 MONTHS
2.41 M USD 2
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
5 Stocks I'm Buying As The 'Big Beautiful Bill' Pushes The Market To New Highs The Big Beautiful Bill boosts defense, industrials, and manufacturing, but healthcare and some REITs face headwinds from Medicaid cuts and policy shifts. AI optimism and the new legislation are fueling a broad market rally, but I question if AI stocks are outpacing their earnings, signaling a potential bubble. The Magnificent 7 era is over; META, MSFT, NVDA, and AMZN are the new leaders, while AAPL, GOOG, and TSLA face unique challenges in the AI race. seekingalpha.com - 1 week ago
S&P 500 Gains and Losses Today: Solar Stocks Surge; Home Builders Lose Ground Major U.S. equities indexes pushed higher Thursday in a half-day of trading as the nation geared up for Independence Day celebrations over the three-day weekend. investopedia.com - 1 week ago
S&P500: First Solar, Cadence Boost Index as AI, Clean Energy Stocks Rally S&P 500 hits record as strong jobs data lift US stocks. First Solar and Cadence lead gains while traders adjust Fed rate cut expectations. fxempire.com - 1 week ago
Why First Solar (FSLR) Dipped More Than Broader Market Today First Solar (FSLR) concluded the recent trading session at $162.96, signifying a -1.56% move from its prior day's close. zacks.com - 1 week ago
Clean energy stocks jump after tax on solar and wind projects is removed from Trump's big bill Shares of renewable energy companies are rising after a tax on solar and wind was removed from the Senate version of the One Big Beautiful Bill Act. The Senate narrowly passed the legislation Tuesday and will now be considered by the House of Representatives. cnbc.com - 1 week ago
Excise tax dropped in Senate bill negative for First Solar, says Mizuho Array Technologies +0.685 (+11.65%) Canadian Solar +0.32 (+2.90%) Enlight Renewable +1.03 (+4.53%) Enphase Energy +1.69 (+4.26%) First Solar -0.24 (-0.15%) Fluence Energy +0.32 (+4.77%) GE Vernova -32.27 (-6.10%) HASI +1.005 (+3.74%) Maxeon Solar +0.09 (+2.93%) Nextracker +2.47 (+4.54%) Shoals Technologies +0.74 (+17.43%) SolarEdge +1.81 (+8.88%) Sunrun +0.77 (+9.40%) Bloom Energy -1.49 (-6.24%) 15 Jul 18 Aug 04 Mar https://thefly.com - 1 week ago
Wells says excise tax removal positive for Solar, negative for First Solar Enphase Energy +1.965 (+4.96%) First Solar +1.33 (+0.80%) Array Technologies +0.75 (+12.76%) Nextracker +3.02 (+5.55%) Shoals Technologies +0.865 (+20.38%) Sunrun +0.855 (+10.44%) SolarEdge +1.86 (+9.12%) 15 Jul 18 Aug https://thefly.com - 1 week ago
Sunrun, SolarEdge, and Other Solar Stocks Jump as Republicans Strip Excise Tax From Spending Bill Shares of Sunrun, SolarEdge Technologies, Enphase Energy, and GE Vernova are gaining. barrons.com - 1 week ago
First Solar or Nextracker? Uncovering the Smarter Solar Investment Play Nextracker and First Solar both shine in solar boom, but diverging strengths and risks set them apart for investors. zacks.com - 2 weeks ago
Solar Stocks Mixed on Big, Beautiful Bill, DIS Upgrade, GS New All-Time High First Solar (FSLR) and Sunrun (RUN) traded higher while other solar stocks opened more mixed after the Senate version of the "big, beautiful bill." Diane King Hall dives deeper into what's driving the wide price action. youtube.com - 2 weeks ago
Solar stocks fall as Trump bill taxes components from China, phases out credits The Senate is voting on a version of President Donald Trump's spending legislation that would slam the solar and wind industries. The legislation is close to a worst case scenario for renewable energy, Morgan Stanley analyst Andrew Percoco told clients. cnbc.com - 2 weeks ago
Solar stocks' losses are nuclear's gain, as Elon Musk takes swipe at budget bill The Senate's tax-and-spending bill gives a boost to nuclear power stocks, but knocks down shares of solar companies. marketwatch.com - 2 weeks ago
8. Profile Summary

First Solar, Inc. FSLR

image
COUNTRY US
INDUSTRY Solar
MARKET CAP $ 19.8 B
Dividend Yield 0.00%
Description 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.
Contact 350 West Washington Street, Tempe, AZ, 85281 https://www.firstsolar.com
IPO Date Nov. 17, 2006
Employees 8100
Officers Mr. Byron Michael Jeffers Vice President, Treasurer & Head of Investor Relations Mr. Kuntal Kumar Verma Chief Manufacturing Officer Mr. Jason E. Dymbort Executive Vice President, General Counsel & Secretary Mr. Nathan Theurer Vice President, Global Controller & Chief Accounting Officer Ms. Caroline Stockdale Chief People & Communications Officer Mr. Michael Koralewski Chief Supply Chain Officer Mr. Georges J. Antoun Chief Commercial Officer Mr. Alexander R. Bradley Chief Financial Officer Mr. Markus Gloeckler Chief Technology Officer Mr. Mark R. Widmar Chief Executive Officer & Director