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First Solar, Inc. FSLR
Energy - Solar - NASDAQ - US
Watchlist
$ 163.84
2.52 %
$ 17.6 B
Market Cap
13.92
P/E
1. INTRINSIC VALUE

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

The intrinsic value of one FSLR stock under the worst case scenario is HIDDEN Compared to the current market price of 164 USD, First Solar, Inc. is HIDDEN

FSLR Intrinsic Value
HIDDEN
SHOW

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

The intrinsic value of one FSLR stock under the base case scenario is HIDDEN Compared to the current market price of 164 USD, First Solar, Inc. is HIDDEN

FSLR Intrinsic Value
HIDDEN
SHOW

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

The intrinsic value of one FSLR stock under the best case scenario is HIDDEN Compared to the current market price of 164 USD, First Solar, Inc. is HIDDEN

FSLR Intrinsic Value
HIDDEN
SHOW
2. FUNDAMENTAL ANALYSIS

Price Chart FSLR

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1M -2%
6M -16%
1Y -59%
3Y 140%
5Y 226.0%
All
$210.0$210.0$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 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '25
FINANCIALS
4.21 B REVENUE
26.75%
Growth Rates
1Year 26.75%
3Years 12.89%
5Years 6.55%
7Years 5.24%
10Years 2.18%
1.39 B OPERATING INCOME
62.66%
Growth Rates
1Year 62.66%
3Years 95.70%
5Years 86.28%
7Years 34.20%
10Years 12.64%
1.29 B NET INCOME
55.52%
Growth Rates
1Year 55.52%
3Years 40.22%
5Years 67.64%
7Years 38.55%
10Years 12.53%
1.22 B OPERATING CASH FLOW
102.24%
Growth Rates
1Year 102.24%
3Years 72.43%
5Years 47.54%
7Years -1.36%
10Years 5.99%
-1.56 B INVESTING CASH FLOW
-230.65%
Growth Rates
1Year -230.65%
3Years -150.85%
5Years -33.97%
7Years -13.95%
10Years -11.81%
24.8 M FINANCING CASH FLOW
-92.62%
Growth Rates
1Year -92.62%
3Years -15.06%
5Years -19.81%
7Years -25.33%
10Years 12.94%
845 M REVENUE
-44.22%
Growth Rates
1Year 26.75%
3Years 12.89%
5Years 6.55%
7Years 5.24%
10Years 2.18%
221 M OPERATING INCOME
-51.56%
Growth Rates
1Year 62.66%
3Years 95.70%
5Years 86.28%
7Years 34.20%
10Years 12.64%
210 M NET INCOME
-46.70%
Growth Rates
1Year 55.52%
3Years 40.22%
5Years 67.64%
7Years 38.55%
10Years 12.53%
-608 M OPERATING CASH FLOW
-74.97%
Growth Rates
1Year 102.24%
3Years 72.43%
5Years 47.54%
7Years -1.36%
10Years 5.99%
-88.2 M INVESTING CASH FLOW
60.16%
Growth Rates
1Year -230.65%
3Years -150.85%
5Years -33.97%
7Years -13.95%
10Years -11.81%
-99.6 M FINANCING CASH FLOW
-324.20%
Growth Rates
1Year -92.62%
3Years -15.06%
5Years -19.81%
7Years -25.33%
10Years 12.94%
Balance Sheet First Solar, Inc.
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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.
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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%
Averages
1Year 44.17%
3Years 28.68%
5Years 27.22%
7Years 24.50%
10Years 23.97%
33.15% OPERATING MARGIN
33.15%
Averages
1Year 33.15%
3Years 16.91%
5Years 12.12%
7Years 9.20%
10Years 6.79%
30.72% NET MARGIN
30.72%
Averages
1Year 30.72%
3Years 18.02%
5Years 16.96%
7Years 12.50%
10Years 8.50%
16.20% ROE
16.20%
Averages
1Year 16.20%
3Years 9.29%
5Years 8.59%
7Years 6.21%
10Years 4.32%
10.66% ROA
10.66%
Averages
1Year 10.66%
3Years 6.05%
5Years 6.01%
7Years 4.37%
10Years 3.04%
12.44% ROIC
12.44%
Averages
1Year 12.44%
3Years 12.18%
5Years 8.17%
7Years 6.06%
10Years 3.88%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis First Solar, Inc.
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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.
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Wall Street analysts predict an average 1-year price target for FSLR of $264 , with forecasts ranging from a low of $172 to a high of $326 .
FSLR Lowest Price Target Wall Street Target
172 USD 5.21%
FSLR Average Price Target Wall Street Target
264 USD 61.08%
FSLR Highest Price Target Wall Street Target
326 USD 98.97%
Price
Max Price Target
Min Price Target
Average Price Target
350350300300250250200200150150100100Jul '24Jul '24Aug '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 '26
4. DIVIDEND ANALYSIS
5. COMPETITION
slide 2 of 7
6. Ownership
Insider Ownership First Solar, Inc.
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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
2.83 M USD 3
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
Wall Street Bulls Look Optimistic About First Solar (FSLR): Should You Buy? The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. zacks.com - 2 weeks ago
First Solar, Inc. (FSLR) Is a Trending Stock: Facts to Know Before Betting on It Zacks.com users have recently been watching First Solar (FSLR) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects. zacks.com - 2 weeks ago
First Solar Stock's Future: Drop Or Rebound? First Solar's stock (NASDAQ: FSLR) has experienced a significant decline — down almost 50% from its peak of around $300 last summer to approximately $150 today. This kind of decline prompts an important question: Is this a rare buying opportunity — or could the stock decrease even more? forbes.com - 2 weeks ago
First Solar: You Haven't Seen Anything Yet First Solar will lead U.S. energy revitalization, securing national independence from China's solar monopoly through unmatched U.S.-based production and proprietary technology. Positioned to drive the autonomy era, First Solar directly supports the massive electricity growth powering AI and data centers, crucial to future economic dominance. With robust financials, strategic scale, and government backing, First Solar anchors GDP growth, reduces national debt risks, and strengthens America's global leadership. seekingalpha.com - 2 weeks ago
The Big 3: AFRM, UNH, FSLR @ProsperTradingAcademy's Charles Moon goes in-depth on three stocks that have experience volatile price action so far in 2025. He points out what investors should keep on an eye on when it comes to Affirm (AFRM), UnitedHealth (UNH), and First Solar (FSLR). youtube.com - 3 weeks ago
Why Is First Solar (FSLR) Up 24.3% Since Last Earnings Report? First Solar (FSLR) reported earnings 30 days ago. What's next for the stock? zacks.com - 3 weeks ago
First Solar: The Only Profitable Solar Stock Is Undervalued First Solar, Inc.'s fundamentals remain strong despite recent policy-driven selloffs and sector volatility, presenting a compelling long-term buying opportunity for patient investors. The company boasts robust financial growth, industry-leading manufacturing efficiency, and a significant runway for future bookings, even as near-term demand faces headwinds. First Solar stands out among peers with positive net income and trades at a notably low P/E ratio, indicating undervaluation relative to the sector. seekingalpha.com - 3 weeks ago
First Solar vs. Enphase: Which Solar Stock Is the Better Player in 2025? FSLR edges out ENPH in terms of fundamentals, but both face declining EPS estimates and weak stock performance, making them unfit for immediate investment. zacks.com - 3 weeks ago
First Solar: The Place To Hide Amid The Solar Market Mayhem First Solar remains resilient, despite political headwinds, as key 45X manufacturing credits are largely maintained in Trump's tax bill. The company still faces demand uncertainty, due to gutted IRA incentives and ongoing trade/tariff issues. Yet, FSLR's valuation reflects steep pessimism, suggesting the market has not ignored the underlying headwinds. seekingalpha.com - 3 weeks ago
New Strong Sell Stocks for May 23rd ASO, BRCC and FSLR have been added to the Zacks Rank #5 (Strong Sell) List on May 23, 2025. zacks.com - 4 weeks ago
Rooftop Solar Takes Gut Punch in House Tax Bill The bill sunsets renewable energy credits, as expected, but includes more stringent provisions and rollback dates that were seen as especially bleak for rooftop solar. wsj.com - 4 weeks ago
2 Solar Stocks Sliding as Tax Bill Moves to Senate The solar sector is struggling today, after the U.S. House  passed a bill this morning to lower taxes and increase military spending, which could also end several green-energy subsidies. schaeffersresearch.com - 4 weeks ago
8. Profile Summary

First Solar, Inc. FSLR

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COUNTRY US
INDUSTRY Solar
MARKET CAP $ 17.6 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