FSLR
First Solar
$263.11
▲ 2.1%Updated Today 6:01 PM ET
▲ Up 79.4% over the last 12 months
Market Cap
$27.69B
P/E
16.86x
Forward P/E (est.)
12.81x
ROE
18.0%
Revenue Growth
27.3%
EPS Growth
31.6%
Profit Margin
30.7%
FCF Yield
2.7%
Debt / Equity
0.06x
ROIC
12.0%
Interest Coverage
123.17x
Current Ratio
2.56x
Dividend Yield
—
Implied Growth (rev. DCF)
4.5%
Rating Score
86/100
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what FSLR's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. FSLR trades near $263.11, above its 50-day average ($235.54) and 200-day average ($232.99). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 33 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently negative — short-term momentum is fading.
Volatility — ATR. Average True Range is the typical daily move. FSLR's is $18.29 (~7.0% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month FSLR found buyers near $222.23 (support) and sellers near $320.95 (resistance); its 52-week range is $135.50–$320.95. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.6× the 20-day average — lighter than usual, so the move carries less conviction. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
First Solar (FSLR) is a large-cap company in the Semiconductors industry, part of the Information Technology sector of the S&P 500, with a market value around $27.69B.
In its latest reported year it generated about $5.22B in revenue and $1.53B in net profit.
Our model rates FSLR Strong (86/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
4Y CAGR
15.6%
Revenue moved from $2.92B in 2021 to $5.22B in 2025, a 15.6% compound annual growth rate. The most recent year grew a strong 27.3% year over year. Consistent top-line growth is one sign of healthy demand.
Gross Margin
40.6%
Operating Margin
30.6%
Net Margin
29.3%
ROE
18.0%
First Solar keeps about 30.7% of each sales dollar as net profit, with a 40.6% gross margin and 30.6% operating margin. Return on equity is 18.0% and return on invested capital about 12.0%. Margins this wide usually signal pricing power or a cost advantage.
Total Debt
$438.00M
Net Debt
-$1.92B
Net cash position
Net Debt / EBITDA
-1.21x
Debt / Equity
0.06x
Leverage: debt-to-equity is 0.1x, and operating profit covers interest about 123.2x, with a current ratio of 2.6x. That is a conservative balance sheet — a cushion in downturns. It carries roughly $438.00M of total debt against $2.36B of cash.
Operating CF
$2.06B
Free Cash Flow
$1.19B
FCF Margin
22.7%
In the latest year First Solar produced about $2.06B of operating cash flow and $1.19B of free cash flow after capital spending. That is a free-cash-flow yield of about 2.7% on today's price. Cash flow is what ultimately pays shareholders, so it is worth tracking over time.
P/E
16.86x
P/S
5.52x
P/B
2.86x
EV / EBITDA
15.68x
FSLR trades at 16.9x trailing earnings (about 12.8x on estimated forward earnings), 5.5x sales, and 2.9x book value. Reverse-engineering today's price implies the market expects roughly 4.5% long-term free-cash-flow growth. That is a fairly typical valuation for a profitable company.
Where this stock sits versus what most companies trade at.
Typical ranges are general references (e.g., many stocks trade at ~18–26x earnings), not hard rules. Context only — not investment advice.
How FSLR stacks up against its Information Technology peers — valuation, profitability, and growth versus the sector median.
In the Information Technology sector (72 S&P 500 companies), FSLR ranks #3 of 72 by our overall rating. It trades at a discount versus the sector on earnings (16.9x P/E vs. 35.6x median) with a lower return on equity (18.0% vs. 25.6%) and faster revenue growth (27.3% vs. 17.4%).
P/E vs sector
16.9x
median 35.6x
ROE vs sector
18.0%
median 25.6%
Growth vs sector
27.3%
median 17.4%
Sector rank
#3
of 72 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Information Technology companies by sub-industry and size. Sector median is across all 72 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$465.39 – $791.16
vs. $263.11 today · expected CAGR 12% – 25%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $6.63B | $8.42B | $10.69B | $13.58B | $17.24B |
| Net income | $1.92B | $2.44B | $3.10B | $3.94B | $5.00B |
| EPS | $17.89 | $22.72 | $28.85 | $36.64 | $46.54 |
| Share price (low) | $178.90 | $227.20 | $288.54 | $366.45 | $465.39 |
| Share price (high) | $304.12 | $386.24 | $490.52 | $622.96 | $791.16 |
| CAGR (low–high) | -32% / 16% | -7% / 21% | 3% / 23% | 9% / 24% | 12% / 25% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for FSLR:
- Revenue is growing 27.3% a year, a sign of real demand.
- High net margins (30.7%) point to pricing power or efficiency.
- Strong return on equity (18.0%) shows capital is put to work well.
- A conservative balance sheet (debt/equity 0.1x) lowers risk.
- Our model's overall read is Strong (86/100).
The case against FSLR:
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the fundamentals screen favourably: First Solar is a large-cap information technology business still growing nicely, with solid profitability, and a sound balance sheet. It trades at 16.9x earnings, which our model scores Strong (86/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.