NASDAQ · Solar

First Solar, Inc. (FSLR) Stock

$172.64 -3.45% NASDAQ: FSLR Energy

Valuation

MetricValue
Price$172.64
Market Cap$18.55B
P/E Ratio10.83
P/B Ratio1.83
P/S Ratio3.52
EPS (TTM)$14.21
52-Week High$320.95
52-Week Low$168.60
Dividend Yield0.00%

Financials & Margins

MetricValue
ROE18.02%
ROA13.04%
ROCE16.05%
Gross Margin41.73%
Operating Margin33.17%
Net Margin32.47%
Debt/Equity0.02
Current Ratio2.67

Annual Financials (USD)

Metric20212022202320242025
Revenue$2.9B$2.6B$3.3B$4.2B$5.2B
Operating Profit$587.0M$-27.0M$857.0M$1.4B$1.6B
Net Profit$469.0M$-44.0M$831.0M$1.3B$1.5B
EPS$4.38$-0.41$7.74$12.02$14.21
Op Margin20.1%-1.0%25.8%33.1%30.6%

Balance Sheet (USD)

Metric20212022202320242025
Total Assets$7.4B$8.3B$10.4B$12.1B$13.3B
Total Liabilities$1.5B$2.4B$3.7B$4.1B$3.8B
Cash$1.5B$1.5B$1.9B$1.6B$2.8B
Borrowings$399.0M$234.0M$624.0M$719.0M$499.0M

Latest News

First Solar (FSLR) Faces Class Action Lawsuits Over Tariff And Production Claims Simply Wall St. · Jul 16, 2026 First Solar (FSLR) Stock Sees Modest Fair Value Lift As Analysts Weigh Tariffs And Tax Credits Simply Wall St. · Jul 16, 2026 Is First Solar (FSLR) Reasonable After Tariff Hopes And A 31% Gap? Simply Wall St. · Jul 16, 2026 First Solar (FSLR) Exceeds Market Returns: Some Facts to Consider Zacks · Jul 15, 2026 Barclays Adjusts Price Target on First Solar to $279 From $213, Maintains Overweight Rating MT Newswires · Jul 15, 2026

Cash Flow (USD)

Metric20212022202320242025
Operating Cash Flow$238.0M$873.0M$602.0M$1.2B$2.1B
Investing Cash Flow$-639.0M$-2.1B$-1.9B$-3.1B$-1.6B
Financing Cash Flow$-16.0M$-12.0M$-31.0M$-28.0M$-16.0M
Net Cash Flow$182.0M$38.0M$472.0M$-327.0M$1.2B
Free Cash Flow$-303.0M$-30.0M$-785.0M$-308.0M$1.2B

Valuation & Return Ratios

MetricValue
PEG Ratio0.28
EV / EBITDA7.15
FCF Yield7.92%
Quick Ratio2.00
Interest Coverage46.88
Return 1Y-26.93%
Return 3Y9.92%
Return 5Y69.52%

Ownership

Insiders Held5.40%
Institutions Held94.81%
Institutions Float Held100.22%
Institutional HolderSharesReport Date
Blackrock Inc.13,821,0762026-03-31
Vanguard Capital Management LLC6,788,9342026-03-31
Vanguard Portfolio Management LLC5,696,8882026-03-31
State Street Corporation5,284,6172026-03-31
Geode Capital Management, LLC3,106,8262026-03-31

Peer Comparison

TickerPriceChangeP/EMarket CapDiv Yield
AAPLApple Inc. $343.46 +0.43% 38.93 $5.01T 0.32%
MSFTMicrosoft Corporation $529.05 -1.93% 28.68 $3.93T 0.76%
GOOGLAlphabet Inc. $340.59 -2.47% 16.94 $4.15T 0.26%
AMZNAmazon.com, Inc. $250.00 -1.87% 19.82 $2.70T 0.00%
METAMeta Platforms, Inc. $709.33 -3.72% 27.93 $1.81T 0.28%

About First Solar, Inc.

First Solar, Inc. is led by CEO Mark R. Widmar, employs 8,100 people, headquartered in Phoenix, US, publicly traded since 2006.

First Solar, Inc. (FSLR) stock trades at $172.64 with a market capitalization of $18.55B. The stock is valued at a price-to-earnings (P/E) ratio of 10.83, price-to-book of 1.83, price-to-sales of 3.52. Over the past 52 weeks the stock has ranged between $168.60 and $320.95, and currently trades 46.2% below its 52-week high.

On profitability, First Solar, Inc. generates a return on equity (ROE) of 18.02%, above the typical market range of roughly 12-15%, return on capital employed of 16.05%, an operating margin of 33.17%, a net profit margin of 32.47%.

In its most recent fiscal year, First Solar, Inc. reported annual revenue of $5.2B, net profit of $1.5B. Over the last 5 fiscal years, revenue grew at an average annual rate of 14.0%, and net profit grew at an average annual rate of 30.9%. Over that span net profit grew faster than revenue, so net margin widened.

The balance sheet shows a debt-to-equity ratio of 0.02 (debt below half of shareholders' equity), a current ratio of 2.67, total assets of $13.3B, $2.8B in cash and equivalents.

FSLR has a beta of 1.73 (historically more volatile than the overall market).

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