First Solar/$FSLR
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About First Solar
First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world's largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, the United States, and India.
- Ticker
- $FSLR
- Sector
- Semiconductors
- Primary listing
- NASDAQ
- Employees
- 7,900
- Headquarters
- Phoenix, United States
- Website
- www.firstsolar.com
First Solar Metrics
BasicAdvanced
$19B
10.80
$16.22
1.75
-
Price and volume
Market cap
$19B
Beta
1.75
52-week high
$320.95
52-week low
$170.80
Average daily volume
2.2M
Financial strength
Current ratio
2.518
Quick ratio
1.701
Long term debt to equity
0.014
Total debt to equity
0.019
Interest coverage (TTM)
46.88%
Profitability
EBITDA (TTM)
2,385.9
Gross margin (TTM)
44.02%
Net profit margin (TTM)
32.47%
Operating margin (TTM)
33.65%
Effective tax rate (TTM)
4.35%
Revenue per employee (TTM)
$680,000
Management effectiveness
Return on assets (TTM)
8.62%
Return on equity (TTM)
18.51%
Valuation
Price to earnings (TTM)
10.801
Price to revenue (TTM)
3.496
Price to book
1.82
Price to tangible book (TTM)
1.84
Price to free cash flow (TTM)
12.534
Free cash flow yield (TTM)
7.98%
Free cash flow per share (TTM)
13.974
Growth
Revenue change (TTM)
23.82%
Earnings per share change (TTM)
38.60%
3-year revenue growth (CAGR)
21.61%
10-year revenue growth (CAGR)
2.74%
3-year earnings per share growth (CAGR)
122.81%
10-year earnings per share growth (CAGR)
9.10%
What the Analysts think about First Solar
Analyst ratings (Buy, Hold, Sell) for First Solar stock.
Analyst projections of the future price of First Solar stock.
Bulls say / Bears say
First Solar ended June with 45.1 GW of contracted module sales worth $13.6 billion, extending through 2030. That gives revenue visibility well beyond the current year. (StockTitan, pv magazine USA)
The company delivered record first-half sales and reaffirmed 2026 guidance of $4.9 billion to $5.2 billion in revenue and $2.6 billion to $2.8 billion in adjusted EBITDA. Its strong second-quarter profit shows that the domestic manufacturing model can generate substantial cash while new capacity ramps. (First Solar, pv magazine USA)
First Solar’s US footprint is valuable as buyers seek suppliers with fewer China links. Reuters reported that at least one US developer shifted most sourcing to First Solar, while the new South Carolina facility should add up to 3.5 GW of finishing capacity and improve its flexibility on freight, tariffs and domestic-content rules. (Reuters, pv magazine USA)
Contracted backlog fell from 50.1 GW to 45.1 GW in the first half because shipments and cancellations exceeded new bookings. Second-quarter revenue also fell 4% year on year, mainly because of customer contract terminations, pointing to softer demand than the headline backlog suggests. (pv magazine USA, First Solar)
Trade rules are creating operational friction rather than a clean benefit. First Solar is deliberately underusing its Malaysian and Vietnamese plants, expects a $60 million to $80 million net tariff impact in 2026, and says domestic freight can approach international shipping costs. (pv magazine USA, Roic AI)
Profitability is heavily tied to US manufacturing subsidies: 2026 guidance assumes $2.10 billion to $2.19 billion of Section 45X credits, alongside $115 million to $135 million of underutilisation costs. Any adverse change in those credits or the policy assumptions behind them would put pressure on earnings and margins. (First Solar, StockTitan)
Data summarised monthly by Lightyear AI. Last updated on 24 Sept 2026.
First Solar Financial Performance
Revenues and expenses
First Solar Earnings Performance
Company profitability
Upcoming events
No upcoming events
First Solar News
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Funds containing First Solar
AllEURGBPUSD
Fund name | Fund size | $FSLR weighting |
|---|---|---|
iShares Global Clean Energy€IQQH | €2.7B | 6.89% |
iShares Global Clean Energy£INRG | £2.3B | 6.89% |
Amundi MSCI New Energy ESG Screened€NRJ | €905M | 2.60% |
Amundi MSCI New Energy ESG Screened£NRJL | £905M | 2.10% |
iShares Edge MSCI World Value Factor$IWVL | $7.4B | 0.24% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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