First Solar/$FSLR
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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
Employees
8,100
Headquarters
Website
First Solar Metrics
BasicAdvanced
$29B
20.49
$13.03
1.38
-
Price and volume
Market cap
$29B
Beta
1.38
52-week high
$269.67
52-week low
$116.56
Average daily volume
2.3M
Financial strength
Current ratio
1.91
Quick ratio
1.382
Long term debt to equity
4.515
Total debt to equity
9.893
Interest coverage (TTM)
34.44%
Profitability
EBITDA (TTM)
2,018.719
Gross margin (TTM)
40.05%
Net profit margin (TTM)
27.73%
Operating margin (TTM)
29.81%
Effective tax rate (TTM)
5.11%
Revenue per employee (TTM)
$620,000
Management effectiveness
Return on assets (TTM)
7.56%
Return on equity (TTM)
16.86%
Valuation
Price to earnings (TTM)
20.487
Price to revenue (TTM)
5.664
Price to book
3.18
Price to tangible book (TTM)
3.21
Price to free cash flow (TTM)
46.55
Free cash flow yield (TTM)
2.15%
Free cash flow per share (TTM)
5.735
Growth
Revenue change (TTM)
31.16%
Earnings per share change (TTM)
12.25%
3-year revenue growth (CAGR)
26.01%
10-year revenue growth (CAGR)
3.32%
3-year earnings per share growth (CAGR)
145.12%
10-year earnings per share growth (CAGR)
8.70%
What the Analysts think about First Solar
Analyst ratings (Buy, Hold, Sell) for First Solar stock.
Bulls say / Bears say
First Solar raised its 2025 net sales guidance to $4.9 billion–$5.7 billion, surpassing analysts’ consensus of $5.07 billion as it benefits from higher pricing under new U.S. tariffs on foreign-made panels (Reuters).
In Q3 2025, First Solar delivered $1.6 billion in net sales, above the $1.56 billion estimate, while profits rose 33% year-over-year to $455.9 million, reflecting robust demand for its thin-film technology (Reuters).
The company announced plans to build a new 3.7 GW U.S. manufacturing facility slated to start production in late 2026, bolstering domestic capacity and aligning with federal support for clean-energy manufacturing (Reuters).
First Solar’s contract dispute with BP’s solar division led to a 6.6 GW reduction in its order backlog, eroding its project pipeline and weighing on near-term sales volumes (Reuters).
Following reduced international volumes, First Solar trimmed its full-year 2025 revenue forecast to $4.95 billion–$5.2 billion, cutting the upper end by $500 million and signaling potential demand headwinds in overseas markets (Reuters).
President Trump’s proposed “One Big, Beautiful Bill Act” aims to phase out solar tax credits by 2028, introducing policy uncertainty that could undermine long-term demand and profitability for First Solar (Reuters).
Data summarised monthly by Lightyear AI. Last updated on 31 Oct 2025.
First Solar Financial Performance
Revenues and expenses
First Solar Earnings Performance
Company profitability
First Solar News
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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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FAQs
What’s the current market cap for First Solar stock?
First Solar (FSLR) has a market cap of $29B as of November 02, 2025.
What is the P/E ratio for First Solar stock?
The price to earnings (P/E) ratio for First Solar (FSLR) stock is 20.49 as of November 02, 2025.
Does First Solar stock pay dividends?
No, First Solar (FSLR) stock does not pay dividends to its shareholders as of November 02, 2025.
When is the next First Solar dividend payment date?
First Solar (FSLR) stock does not pay dividends to its shareholders.
What is the beta indicator for First Solar?
First Solar (FSLR) has a beta rating of 1.38. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.


