First Solar Inc.

FSLR

185.82 (0.15%) 0.28

19.93(B)

Information Technology

Semiconductors and Semiconductor Equipment

First Solar Inc. a solar technology company provides photovoltaic (PV) solar energy solutions in the United States France India Chile and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules. It also designs manufactures and sells cadmium telluride solar modules that converts sunlight into electricity. The company’s residual business operations include project development activities operations and maintenance services and the sale of PV solar power systems to third-party customers. 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.

My Holdings:

(?% ownership)

Shares:

Cost basis:

Market cap:$19.93(B)

EV:$19.84(B)

Total Equity:$8.55(B)

Div. yield:0.00%

Earnings date:Oct-28-2025

P/E:15.83

P/E (fwd):12.04

P/FCF:N/A

P/S:4.58

P/B:2.33

EPS:$11.7

EPS (fwd):$15.4

FCF/share:$-8.8

Dividend/share:$0.0

Book value/share:$79.7

ROIC:15.4%

ROA:11.1%

ROE:16.8%

Gross margin:42.8%

Net margin:28.9%

Valuation Summary TTM Financials Growth Estimates Historical Data KPIs Similar Companies Ownership Tools

FSLR Valuation & Price Targets

Current Price

185.82

PE Valuation

N/A

PEvaluation is not available for FSLR.

Analyst targets

N/A

No analyst estimates for FSLR.

DCF

N/A

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DCF (exit mult.)

N/A

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Future P/E

N/A

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Peter Lynch FV

N/A

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Graham No.

N/A

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DDM

N/A

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PEvaluation

74% undervalued

Low

$243

Mid

$323

High

$407

Current price

$186

Fair P/E

Margin of safety

EPS

Market Model

Economic moat: None/narrow

Estimated EPS

	Low	Avg	High	#
FY+1	13.6	15.4	17.3	19
FY+2	19.8	24.1	29.9	19
FY+3	24.6	29.1	36.4	14
FY+4	30.0	35.5	44.7	3
FY+5	30.5	32.5	34.5	2

Analyst Price Targets

15% undervalued

Low

$100

Mid

$213

High

$283

Current price

$186

Strong Buy8

Buy22

Hold4

Sell1

Strong Sell0

Estimated EPS

	Low	Avg	High	#
FY+1	13.6	15.4	17.3	19
FY+2	19.8	24.1	29.9	19
FY+3	24.6	29.1	36.4	14
FY+4	30.0	35.5	44.7	3
FY+5	30.5	32.5	34.5	2

Discounted Cash Flow

Forecast years
Terminal Growth Rate
Discount Rate

Free cash flow estimates:

Y+1 est.

Y+2 est.

0.00%

Y+3 est.

0.00%

Y+4 est.

0.00%

Y+5 est.

0.00%

Discounted Cash Flow (exit mult.)

Forecast years
Exit FCF Multiple
Discount Rate

Free cash flow estimates:

Y+1 est.

Y+2 est.

0.00%

Y+3 est.

0.00%

Y+4 est.

0.00%

Y+5 est.

0.00%

Future P/E Valuation

Projection Years
Base Revenue
Revenue Growth Rate
Final Net Margin
Final P/E Ratio
Discount Rate

Peter Lynch Fair Value

Earnings Per Share
Growth Rate (*)

(*) Growth rate is capped between 0 and 25

Graham Formula

Earnings Per Share
Expected Growth Rate
Government Bond Rate

(*) Growth rate is capped to 25

Dividend Discount Model

Annual Dividend
First Stage Length (Years)
First Stage Growth Rate
Final Growth Rate
Discount Rate

(*) First stage rowth rate is capped to 20%

Summary

TTM Financials

Income (TTM)

Revenue$4.34(B)

Gross profit$1.86(B)

EBITDA$1.85(B)

Net income$1.26(B)

Gross margin42.8%

Operating margin32.3%

Net margin28.9%

Shares outstanding:107.25(M)

Balance sheet

Total assets$12.86(B)

Current assets$5.42(B)

Total liabilities$4.31(B)

Current liabilities$2.85(B)

Cash & Short-term inv.$1.15(B)

Long-term debt$327.97(M)

Total intangibles$82.50(M)

PP&E$5.86(B)

Cash flow (TTM)

FCF$-942.70(M)

CapEx$-1.24(B)

Dividends paid$0

Stock issued$0

Stock repurchased$-16.47(M)

Stock-based comp.$22.31(M)

Debt issued$754.79(M)

Debt repaid$-338.47(M)

Per share data (TTM)

Growth Estimates

Revenue

CAGR: 8.3%

FY+1$5.28(B)

FY+2(+17.9%)$6.22(B)

FY+3(+10.9%)$6.90(B)

FY+4(+2.6%)$7.08(B)

FY+5(+2.5%)$7.25(B)

Net Income

CAGR: 20.8%

FY+1$1.64(B)

FY+2(+55.8%)$2.55(B)

FY+3(+20.2%)$3.07(B)

FY+4(+22.6%)$3.76(B)

FY+5(-7.2%)$3.49(B)

EPS

CAGR: 20.5%

FY+1$15.43

FY+2(+55.9%)$24.05

FY+3(+20.9%)$29.07

FY+4(+22.3%)$35.55

FY+5(-8.6%)$32.50

FCF per share

CAGR: 49.6%

FY+1$14.63

FY+2(+70.1%)$24.89

FY+3(+23.4%)$30.71

FY+4(+59.4%)$48.95

Historical Financials

Showing limited histrical data.

Upgrade to access 10+ years of financials!

YearlyQuarterly

Income

RevenueOperating IncomeNet IncomeCOGSGross ProfitTotal OpEx.R&DSG&AInterest ExpenseInterest IncomePre-tax incomeIncome tax

Cash flow

Stock-based Comp.FCFCFONet IncomeD&ACFFStock IssuedStock RepurchasedDebt IssuedDebt RepaidDividend PaidCFIAcquisitionsDivestituresCapital Expenditures

Balance sheet

Total AssetsTotal LiabilitiesCurrent assetsCash and EquivalentsShort-term investmentsInventoriesReceivablesNon-current assetsNet PP&EIntangible AssetsGoodwillCurrent liabilitiesAccounts payableNon-current liabilitiesLong-Term DebtTotal Equity

Per share data

EPS (Basic)FCF/ShareDividend/ShareEPS (Diluted)Book value/ShareCash & ST inv./ShareDebt/Share

Ratios

P/EP/SEV/EarningsP/FCFP/BEV/FCFDebt/EquityPayout ratio

Margins

Net Income MarginOperating MarginGross MarginEBITDA MarginFCF Margin

Returns

ROICROAROCEROE

Shares outstanding

Shares (Basic)Shares (Diluted)

Market Cap.

Market Cap.

KPIs

No KPI data available yet!

Similar Companies

Ownership

Major holders

Insiders: 5.55%
Institutions: 97.11%

Institutional ownership

Insider transactions

Show:

Buys

Sells

Grants

	Date	Shares	Total ($)	Price ($)	Name	Title
Sell	2025-07-03	1,600	288,000	180.0	BUEHLER PATRICK JAMES	Officer
Grant	2025-06-30	272	0	0.0	STEBBINS PAUL H	Director
Grant	2025-06-30	272	0	0.0	KRO LISA A	Director
Grant	2025-06-30	272	0	0.0	JOSEPH MOLLY E.	Director
Grant	2025-06-30	272	0	0.0	GEORGE ANITA M	Director
Grant	2025-06-30	272	0	0.0	WRIGHT NORMAN L	Director
Grant	2025-06-30	272	0	0.0	RENDUCHINTALA VENKATA S M	Director
Grant	2025-06-30	386	0	0.0	AHEARN MICHAEL J	Director
Grant	2025-06-30	272	0	0.0	POST WILLIAM J.	Director
Grant	2025-06-30	272	0	0.0	SWEENEY MICHAEL T	Director
Sell	2025-06-03	1,868	278,481	149.1	BUEHLER PATRICK JAMES	Officer
Sell	2025-06-02	2,951	466,878	158.2	KORALEWSKI MICHAEL	Officer
Sell	2025-05-28	9,557	1,481,813	155.1	GLOECKLER MARKUS	Chief Technology Officer
Sell	2025-05-12	8,794	1,319,120	150.0	BRADLEY ALEXANDER R.	Chief Financial Officer
Grant	2025-03-31	356	0	0.0	STEBBINS PAUL H	Director
Grant	2025-03-31	356	0	0.0	KRO LISA A	Director
Grant	2025-03-31	356	0	0.0	JOSEPH MOLLY E.	Director
Grant	2025-03-31	356	0	0.0	GEORGE ANITA M	Director
Grant	2025-03-31	356	0	0.0	RENDUCHINTALA VENKATA S M	Director
Grant	2025-03-31	356	0	0.0	WRIGHT NORMAN L	Director
Grant	2025-03-31	505	0	0.0	AHEARN MICHAEL J	Director
Grant	2025-03-31	356	0	0.0	POST WILLIAM J.	Director
Grant	2025-03-31	356	0	0.0	SWEENEY MICHAEL T	Director
Sell	2025-03-18	503	64,301	127.8	VERMA KUNTAL KUMAR	Officer
Sell	2025-03-17	380	50,825	133.8	GLOECKLER MARKUS	Chief Technology Officer
Sell	2025-03-17	186	24,878	133.8	BUEHLER PATRICK JAMES	Officer
Sell	2025-03-17	273	36,514	133.8	KORALEWSKI MICHAEL	Officer
Sell	2025-03-17	404	54,035	133.8	VERMA KUNTAL KUMAR	Officer
Sell	2025-03-17	35	4,681	133.7	THEURER NATHAN B	Officer
Sell	2025-03-17	363	48,551	133.7	DYMBORT JASON E	General Counsel
Sell	2025-03-17	599	80,116	133.7	BRADLEY ALEXANDER R.	Chief Financial Officer
Sell	2025-03-17	341	45,609	133.8	STOCKDALE CAROLINE	Officer
Sell	2025-03-17	229	30,629	133.8	ANTOUN GEORGES J	Officer
Sell	2025-03-17	1,966	262,952	133.7	WIDMAR MARK R	Chief Executive Officer
Sell	2025-03-07	378	50,259	133.0	GLOECKLER MARKUS	Chief Technology Officer
Sell	2025-03-07	192	25,528	133.0	BUEHLER PATRICK JAMES	Officer
Sell	2025-03-07	188	24,996	133.0	KORALEWSKI MICHAEL	Officer
Sell	2025-03-07	419	55,710	133.0	VERMA KUNTAL KUMAR	Officer
Sell	2025-03-07	31	4,122	133.0	THEURER NATHAN B	Officer
Sell	2025-03-07	320	42,547	133.0	DYMBORT JASON E	General Counsel
Sell	2025-03-07	391	51,987	133.0	BRADLEY ALEXANDER R.	Chief Financial Officer
Sell	2025-03-07	227	30,182	133.0	STOCKDALE CAROLINE	Officer
Sell	2025-03-07	147	19,545	133.0	ANTOUN GEORGES J	Officer
Sell	2025-03-07	1,272	169,125	133.0	WIDMAR MARK R	Chief Executive Officer
Sell	2025-02-28	7,475	1,021,086	136.6	VERMA KUNTAL KUMAR	Officer
Sell	2025-02-28	21,542	3,039,361	141.1	WIDMAR MARK R	Chief Executive Officer
Grant	2025-02-26	21,610	0	0.0	BRADLEY ALEXANDER R.	Chief Financial Officer
Grant	2025-02-26	12,806	0	0.0	GLOECKLER MARKUS	Chief Technology Officer
Grant	2025-02-26	6,402	0	0.0	BUEHLER PATRICK JAMES	Officer
Grant	2025-02-26	9,604	0	0.0	KORALEWSKI MICHAEL	Officer
Grant	2025-02-26	13,606	0	0.0	VERMA KUNTAL KUMAR	Officer
Grant	2025-02-26	12,806	0	0.0	DYMBORT JASON E	General Counsel
Grant	2025-02-26	12,006	0	0.0	STOCKDALE CAROLINE	Officer
Grant	2025-02-26	72,838	0	0.0	WIDMAR MARK R	Chief Executive Officer
Grant	2025-02-26	23,478	0	0.0	ANTOUN GEORGES J	Officer
Grant	2024-12-31	256	0	0.0	STEBBINS PAUL H	Director
Grant	2024-12-31	256	0	0.0	KRO LISA A	Director
Grant	2024-12-31	256	0	0.0	JOSEPH MOLLY E.	Director
Grant	2024-12-31	256	0	0.0	GEORGE ANITA M	Director
Grant	2024-12-31	256	0	0.0	RENDUCHINTALA VENKATA S M	Director
Grant	2024-12-31	256	0	0.0	WRIGHT NORMAN L	Director
Grant	2024-12-31	362	0	0.0	AHEARN MICHAEL J	Director
Grant	2024-12-31	256	0	0.0	POST WILLIAM J.	Director
Grant	2024-12-31	256	0	0.0	SWEENEY MICHAEL T	Director
Sell	2024-10-31	3,601	714,871	198.5	GLOECKLER MARKUS	Chief Technology Officer
Grant	2024-09-30	181	0	0.0	STEBBINS PAUL H	Director
Grant	2024-09-30	181	0	0.0	KRO LISA A	Director
Grant	2024-09-30	181	0	0.0	JOSEPH MOLLY E.	Director
Grant	2024-09-30	181	0	0.0	GEORGE ANITA M	Director
Grant	2024-09-30	181	0	0.0	WRIGHT NORMAN L	Director
Grant	2024-09-30	181	0	0.0	RENDUCHINTALA VENKATA S M	Director
Grant	2024-09-30	256	0	0.0	AHEARN MICHAEL J	Director
Grant	2024-09-30	181	0	0.0	POST WILLIAM J.	Director
Grant	2024-09-30	181	0	0.0	SWEENEY MICHAEL T	Director
Sell	2024-08-13	8,619	1,913,418	222.0	BUEHLER PATRICK JAMES	Officer
Sell	2024-08-12	500	110,000	220.0	JEFFERS BYRON MICHAEL	Officer
Sell	2024-08-07	1,766	382,339	216.5	JEFFERS BYRON MICHAEL	Officer

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