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Energy - Solar - NASDAQ - US
$ 145.0
0.926 %
$ 15.6 B
Market Cap
12.32
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one FSLR stock under the worst case scenario is HIDDEN Compared to the current market price of 145 USD, First Solar, Inc. is HIDDEN

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one FSLR stock under the base case scenario is HIDDEN Compared to the current market price of 145 USD, First Solar, Inc. is HIDDEN

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one FSLR stock under the best case scenario is HIDDEN Compared to the current market price of 145 USD, First Solar, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart FSLR

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$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$120.0Jan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '2515 Jun15 Jun
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.
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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%
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.
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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 18.88%
FSLR Average Price Target Wall Street Target
264 USD 82.00%
FSLR Highest Price Target Wall Street Target
326 USD 124.83%
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 '26
4. DIVIDEND ANALYSIS
5. COMPETITION
slide 2 of 6
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
2.41 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
First Solar: Civilizations Die Before The Sun The potential policy headwinds from the OBBBA related to solar power are real in the long term, but ironically they could boost near-term returns and allow First Solar to dominate. I'm not naïve about the fact that there will be a cyclical downturn eventually, but I'm eyeing up a $290 price within the next 12 months. At $250, I'll reassess. Solar power is going to rise in cycles. It's the most important energy asset of the modern age, and First Solar will be front and center in the U.S. seekingalpha.com - 1 week ago
Why First Solar stock remains a raging buy despite Trump's spending bill Investors have bailed on First Solar Inc (NASDAQ: FSLR) in recent sessions after the US Senate backed removal of subsidies for solar companies that President Trump proposed last month in his “One Big Beautiful Bill Act”. invezz.com - 1 week ago
S&P 500 (NYSEARCA: SPY) Live: Markets Withstand Unrelenting Mideast Pressure, Rate Decision Live Updates Live Coverage Has Ended IPO Soars 12:56 pm by Gerelyn Terzo The markets embraced healthcare newcomer Caris Life Sciences (Nasdaq: CAI) today, marking its debut on the Nasdaq. After pricing its initial public offering at $21 per share, Caris Life skyrocketed, rising over 32% to hit $27.85 per share. The company is at the forefront of medical innovation, harnessing AI algorithms in blood tests to diagnose early detection of diseases like breast cancer. The SPY ETF is now up 0.35%. Rising Stocks 11:23 am by Gerelyn Terzo Hasbro (Nasdaq: HAS) shares are up 1.3% today. The toymaker is undertaking a restructuring, resulting in the layoff of 3% of its workforce, a move attributed to the impact of tariffs. Circle (NYSE: CRCL) is surging 16% today, buoyed by the passage of stablecoin-friendly legislation in Congress. Magnificent 7 stock Amazon (Nasdaq: AMZN) is up 0.88% after CEO Andy Jassy projected that artificial intelligence will reshape the corporate workforce in the not-too-distant future, as the e-commerce titan increasingly leans on technology. Housing Market Teetering 10:20 am by Gerelyn Terzo Cracks are increasingly beginning to show in the U.S. housing market. New home construction activity tumbled last month, with housing starts plummeting by nearly 10% to their lowest level in five years. New home construction declined by 9.8% to an annualized rate of 1.26 million starts, reflecting a softening in demand from homebuyers. Looking ahead, a potential harbinger of future activity, building permits also slipped, falling 2% from April levels to a pace of 1.39 million. The SPY ETF has widened its lead to a 0.51% gain. This article will be updated throughout the day, so check back often for more daily updates. The markets are managing gains even as Middle East tensions mount and the geopolitical net potentially draws in the U.S. Indeed, stocks are largely holding their ground ahead of the Federal Reserve’s looming decision on interest rates. As President Trump assesses his strategy, the price of oil has surged to levels not seen in months, now hovering above $73 per barrel. Encouragingly, most sectors of the economy are seeing gains this morning, and the S&P 500 is within striking distance (less than 3%) of its latest all-time high. Today, the SPDR S&P 500 ETF (SPY) is up 0.32%. The Fed’s latest decision on interest rates is expected this afternoon, and the prevailing sentiment is that policymakers will leave rates unchanged, much to President Trump’s disliking. Here’s a look at the performance as of morning trading: Dow Jones Industrial Average: Up 113.94 (+0.28%) Nasdaq Composite: Up 83.12 (+0.43%) S&P 500: Up 21.75 (+0.36%) Winners & Losers JPMorgan is casting a favorable eye on fintech stocks, which are rivals to traditional financial institutions. The analyst firm has highlighted Q2 Holdings (NYSE: QTWO), nCino (Nasdaq: NCNO), and Alkami (Nasdaq: ALKT), adding them to a list of companies poised to capitalize on the digital banking revolution. JPMorgan is labeling the sector an “attractive investment arena.” All three of these names are posting gains today. Meanwhile, Solar Stocks like Enphase Energy (Nasdaq: ENPH) and First Solar (Nasdaq: FSLR) are facing headwinds. They’re under pressure following efforts in Washington, D.C. to potentially strip out a renewable energy tax credit from the upcoming tax bill. The post S&P 500 (NYSEARCA: SPY) Live: Markets Withstand Unrelenting Mideast Pressure, Rate Decision appeared first on 24/7 Wall St.. https://247wallst.com - 1 week ago
First Solar Plunges 21.2% in Past 6 Months: How to Play the Stock? Investors interested in FSLR stock should wait for a better entry point, considering its premium valuation and downward revision in near-term earnings estimates. zacks.com - 1 week ago
Live Nasdaq Composite: Markets Hold Steady on Fed Day as Mideast Tensions Boil Live Updates Live Coverage Updates appear automatically as they are published. Today's IPO Receives Warm Welcome 12:53 pm by Gerelyn Terzo The markets rolled out the welcome mat for healthcare stock Caris Life Sciences (Nasdaq: CAI) today, which makes its debut on the Nasdaq. After pricing the IPO at $21 per share, Caris Life has climbed over 32% to $27.85 per share. Caris Life uses AI algorithms in blood tests to diagnose early detection of diseases like breast cancer. The Nasdaq Composite is up 0.47%. Market Gainers 11:17 am by Gerelyn Terzo Hasbro (Nasdaq: HAS) stock is up 1.3% today. The toymaker announced a restructuring in which it is laying off 3% of its workforce due to the impact of the tariffs. Circle (NYSE: CRCL) is soaring 16% today on the heels of stablecoin-friendly legislation that was passed by Congress. Amazon (Nasdaq: AMZN) is up 0.88% today after CEO Andy Jassy forecast that AI would replace more of the corporate workforce in the not-too-distant future as the e-commerce giant ramps up its dependance on technology. Housing Market Weakness 9:52 am by Gerelyn Terzo Housing starts, which reflect the level of new home construction activity, sank by close to 10% last month to their worst level since the pandemic era. New home construction fell 9.8% to 1.26 million starts in response to waning demand from homebuyers. In a sign of things to come, building permits almost moved lower, falling 2% vs. April levels to a pace of 1.39 million. The Nasdaq Composite remains in the green, rising 0.14%. This article will be updated throughout the day, so check back often for more daily updates. The markets continue to put on a brave face even as Middle East tensions escalate and the net widens to potentially involve the U.S. Stocks are holding their own ahead of the Fed’s decision on interest rates. The major stock market averages, including the Nasdaq Composite, are showing little direction amid an uncertain backdrop. While President Trump is strategizing his next move, the price of oil has soared to multi-month highs to hover above $73 per barrel. Most sectors of the economy are trading higher this morning. Despite the market volatility and geopolitical headwinds, the broader market (S&P 500 index) is within a stone’s throw – 2.6% – of fresh all-time high levels. The Fed’s decision on interest rates is imminent, and the markets appear to have priced in the likelihood that rates will remain unchanged. A decision is expected by mid-afternoon. Here’s a look at the performance as of morning trading: Dow Jones Industrial Average: Up 54.67 (+0.13%) Nasdaq Composite: Up 8.08 (+0.04%) S&P 500: Up 4.68 (+0.08%) Market Movers JPMorgan is bullish on fintech stocks, which incidentally serve as competition to traditional financial institutions. The analyst firm has added Q2 Holdings (NYSE: QTWO), nCino (Nasdaq: NCNO) and Alkami (Nasdaq: ALKT) to its list of stock that are poised to benefit from the digital banking era, calling the sector an “attractive investment arena.” All three of these stocks are rising higher today. Solar Stocks like Enphase Energy (Nasdaq: ENPH) and First Solar (Nasdaq: FSLR) are under pressure due to a push in Washington, D.C. to remove a renewable energy tax credit in the new tax bill. The post Live Nasdaq Composite: Markets Hold Steady on Fed Day as Mideast Tensions Boil appeared first on 24/7 Wall St.. https://247wallst.com - 1 week ago
First Solar Scales U.S. Manufacturing to Meet Rising Demand FSLR aims at expanding U.S. manufacturing with two new plants as it targets 14 GW capacity to meet surging solar demand by 2026. zacks.com - 1 week ago
First Solar: 3 Reasons To Be Contrarian First Solar stock tanked on June 17 alongside leading residential solar stocks such as Sunrun and Enphase Energy. A closer evaluation of First Solar's business model suggests Mr. Market is throwing the baby out with the water. First Solar's unique CdTe thin-film technology provides supply chain resilience and independence from Chinese crystalline silicon, reducing tariff risk. seekingalpha.com - 1 week ago
Trump's Tax Megabill Has Analysts Souring on Sunrun, First Solar, Enphase Stocks The residential solar sector looks to fight for its survival, as the Senate didn't significantly water down Trump's tax bill. barrons.com - 1 week ago
IBM's All-Time High, Solar Stocks Cut, NCLH Downgrade IBM Corp. (IBM) shares rise to a new all-time high after the company introduced new agentic A.I. software. Diane King Hall joins Nicole Petallides to dive into IBM's move after BoFA analysts raised its price target to $320. youtube.com - 1 week ago
Why First Solar Stock Dived by Almost 18% Today Many parts of the U.S. were sunny on Tuesday, but that happy situation didn't extend metaphorically to solar energy stocks. Quite a few took major hits that trading session on the latest developments in the legislative sphere. fool.com - 1 week ago
Electricity prices will continue to climb as Senate tax bill routs solar stocks: Oppenheimer's Rusch Colin Rusch, Oppenheimer, joins 'Fast Money' to talk the future of clean energy investing after today's solar stock rout. youtube.com - 1 week ago
Solar stocks tank after Senate proposes accelerated phase-out of energy tax credits Solar stocks moved sharply lower after a US Senate panel has proposed phasing out solar and wind energy tax credits by 2028. The proposal is an amendment of president Donald Trump's sweeping tax-cut and spending bill, called the “One Big, Beautiful Bill Act,” which narrowly passed the House last month. proactiveinvestors.com - 1 week ago
8. Profile Summary

First Solar, Inc. FSLR

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COUNTRY US
INDUSTRY Solar
MARKET CAP $ 15.6 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