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First Solar Inc.
FSLR
196.72 (-1.00%) 1.96
21.10(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:$21.10(B)
EV:$21.01(B)
Total Equity:$8.55(B)
Div. yield:0.00%
Earnings date:Oct-28-2025
P/E:16.76
P/E (fwd):12.79
P/FCF:N/A
P/S:4.85
P/B:2.47
EPS:$11.7
EPS (fwd):$15.4
FCF/share:$-8.8
Dividend/share:$0.0
Book value/share:$79.7
ROIC:14.4%
ROA:10.5%
ROE:15.9%
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
$197
Day change: -1.00%
PEvaluation
N/A
N/A
Analyst targets
N/A
N/A

More Valuation Methods

DCF (2-stage)
N/A
N/A
DCF (simple)
N/A
N/A
DCF (exit mult.)
N/A
N/A
Future P/E
N/A
N/A
Peter Lynch FV
N/A
N/A
Graham No.
N/A
N/A
DDM
N/A
N/A

PEvaluation

68% undervalued
Low
$248
Mid
$331
High
$416
Current price
$197
Fair P/E
Margin of safety
Market Model
Shares outstan...ROICRevenue growthDebt/FCFAssets/Liabili...
Economic moat: None/narrow

EPS Estimates

LowAvgHigh#
FY+113.615.417.318
FY+219.823.829.918
FY+324.628.636.414
FY+430.035.544.73
FY+530.532.534.52
EPS

Analyst Price Targets

10% undervalued
Low
$100
Mid
$217
High
$287
Current price
$197

Analyst Recommendations

Strong Buy8
Buy21
Hold4
Sell1
Strong Sell0

EPS Estimates

LowAvgHigh#
FY+113.615.417.318
FY+219.823.829.918
FY+324.628.636.414
FY+430.035.544.73
FY+530.532.534.52

2-stage DCF

First Stage Duration
Starting Free Cash Flow
First Stage Growth Rate
Terminal Growth Rate
Discount Rate

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

Graham Formula

Earnings Per Share
EPS Growth (7-10 years)
Government Bond Rate

Dividend Discount Model

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

Summary

TTM Financials

Income (TTM)

RevenueGrossNet
Revenue$4.34(B)
Gross profit$1.86(B)
EBITDA$1.85(B)
Net income$1.26(B)
Gross margin42.8%
Operating margin31.3%
Net margin28.9%
Shares outstanding:107.25(M)

Balance sheet

Cash & ST inv.Other ST assetsLong term assetsCurrent liabilitiesLong term debtOther LT liabilitiesEquity
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)

CFOCFICFF
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)

Price: $197
Revenue: $40.5 (4.9x | 20.6%) Gross profit: $17.3 (11.4x | 8.8%) Earnings: $11.7 (16.8x | 6.0%)
FCF: $-8.79 (-22.4x | -4.5%) Stock-based Comp.: $0.21 (945.7x | 0.1%) Dividend: $0.00 (N/A | 0.0%)
Total Assets: $120 (1.6x | 60.9%) Total Liabilities: $40.2 (4.9x | 20.4%) Book Value: $79.7 (2.5x | 40.5%) Cash & ST inv.: $10.8 (18.3x | 5.5%) Debt: $3.06 (64.3x | 1.6%)

Growth Estimates

Revenue

CAGR: 8.8%
FY+1FY+2FY+3FY+4FY+5
FY+1$5.31(B)
FY+2(+18.4%)$6.28(B)
FY+3(+11.1%)$6.98(B)
FY+4(+4.3%)$7.28(B)
FY+5(+2.3%)$7.44(B)

Net Income

CAGR: 20.8%
FY+1FY+2FY+3FY+4FY+5
FY+1$1.64(B)
FY+2(+56.0%)$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: 20.6%
FY+1FY+2FY+3FY+4FY+5
FY+1$15.38
FY+2(+54.9%)$23.82
FY+3(+20.2%)$28.62
FY+4(+24.2%)$35.55
FY+5(-8.6%)$32.50

FCF per share

CAGR: 36.6%
FY+1FY+2FY+3FY+4
FY+1$19.21
FY+2(+30.0%)$24.98
FY+3(+25.8%)$31.43
FY+4(+55.7%)$48.95

Historical Financials

Showing limited histrical data.
YearlyQuarterly
Income
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.01.0(B)2.0(B)3.0(B)4.0(B)
Revenue Operating Income Net IncomeCOGSGross ProfitTotal OpEx.R&DSG&AInterest ExpenseInterest IncomePre-tax incomeIncome tax
Cash flow
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024-600.0(M)-400.0(M)-200.0(M)0.0
Stock-based Comp. FCFCFONet IncomeD&ACFFStock IssuedStock RepurchasedDebt IssuedDebt RepaidDividend PaidCFIAcquisitionsDivestituresCapital Expenditures
Balance sheet
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.02.0(B)4.0(B)6.0(B)8.0(B)10.0(B)12.0(B)
Total Assets Total LiabilitiesCurrent assetsCash and EquivalentsShort-term investmentsInventoriesReceivablesNon-current assetsNet PP&EIntangible AssetsGoodwillCurrent liabilitiesAccounts payableNon-current liabilitiesLong-Term DebtTotal Equity
Per share data
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024-5.00.05.010.0
EPS (Basic) FCF/Share Dividend/ShareEPS (Diluted)Book value/ShareCash & ST inv./ShareDebt/Share
Ratios
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.05.010.015.020.025.0
P/E P/S EV/EarningsP/FCFP/BEV/FCFDebt/EquityPayout ratio
Margins
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240%10%20%30%40%
Net Income Margin Operating Margin Gross MarginEBITDA MarginFCF Margin
Returns
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240%5%10%15%
ROIC ROAROCEROE
Shares outstanding
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.020.0(M)40.0(M)60.0(M)80.0(M)100.0(M)
Shares (Basic)Shares (Diluted)
Market Cap.
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.05.0(B)10.0(B)15.0(B)
Market Cap.

KPIs

No KPI data available yet!

Similar Companies

Ownership

Major holders

*Excludes indirect insider ownership

Insiders: 5.55%
Institutions: 97.98%

Institutional ownership

12.36% Vanguard Group Inc12.08% Blackrock Inc.4.86% State Street Corporati...2.66% Geode Capital Manageme...2.58% Wellington Management ...2.26% Invesco Ltd.2.09% BNP Paribas Asset Mana...1.86% FMR, LLC1.75% Shaw D.E. & Co., Inc.1.68% NORGES BANK53.80% Others

Trading Summary

In the past year, insiders have bought $0.00 worth of the company's stock, and sold $9.79(M).

Congress members have bought between $3003 - $45000 worth of the company's stock, and sold between $2002 - $30000.

Insider transactions

2025-09

$0.00
$0.00

2025-08

$0.00
$0.00

2025-07

$288000
$0.00

2025-06

$745359
$0.00

2025-05

$2.80(M)
$0.00

2025-04

$0.00
$0.00

2025-03

$1.18(M)
$0.00

2025-02

$4.06(M)
$0.00

2025-01

$0.00
$0.00

2024-12

$0.00
$0.00

2024-11

$0.00
$0.00

2024-10

$714871
$0.00

2024-09

$0.00
$0.00
DateSharesTotal ($)Price ($)NameTitle
Sell2025-07-031,600288,000180.0BUEHLER PATRICK JAMESOfficer
Grant2025-06-3038600.0AHEARN MICHAEL JDirector
Grant2025-06-3027200.0RENDUCHINTALA VENKATA S MDirector
Grant2025-06-3027200.0GEORGE ANITA MDirector
Grant2025-06-3027200.0KRO LISA ADirector
Grant2025-06-3027200.0JOSEPH MOLLY E.Director
Grant2025-06-3027200.0WRIGHT NORMAN LDirector
Grant2025-06-3027200.0POST WILLIAM J.Director
Grant2025-06-3027200.0SWEENEY MICHAEL TDirector
Grant2025-06-3027200.0STEBBINS PAUL HDirector
Sell2025-06-031,868278,481149.1BUEHLER PATRICK JAMESOfficer
Sell2025-06-022,951466,878158.2KORALEWSKI MICHAELOfficer
Sell2025-05-289,5571,481,813155.1GLOECKLER MARKUSChief Technology Officer
Sell2025-05-128,7941,319,120150.0BRADLEY ALEXANDER R.Chief Financial Officer
Grant2025-03-3150500.0AHEARN MICHAEL JDirector
Grant2025-03-3135600.0GEORGE ANITA MDirector
Grant2025-03-3135600.0KRO LISA ADirector
Grant2025-03-3135600.0JOSEPH MOLLY E.Director
Grant2025-03-3135600.0WRIGHT NORMAN LDirector
Grant2025-03-3135600.0RENDUCHINTALA VENKATA S MDirector
Grant2025-03-3135600.0POST WILLIAM J.Director
Grant2025-03-3135600.0SWEENEY MICHAEL TDirector
Grant2025-03-3135600.0STEBBINS PAUL HDirector
Sell2025-03-1850364,301127.8VERMA KUNTAL KUMAROfficer
Sell2025-03-1718624,878133.8BUEHLER PATRICK JAMESOfficer
Sell2025-03-1727336,514133.8KORALEWSKI MICHAELOfficer
Sell2025-03-1740454,035133.8VERMA KUNTAL KUMAROfficer
Sell2025-03-17354,681133.7THEURER NATHAN BOfficer
Sell2025-03-1759980,116133.7BRADLEY ALEXANDER R.Chief Financial Officer
Sell2025-03-1736348,551133.7DYMBORT JASON EGeneral Counsel
Sell2025-03-1738050,825133.8GLOECKLER MARKUSChief Technology Officer
Sell2025-03-1722930,629133.8ANTOUN GEORGES JOfficer
Sell2025-03-171,966262,952133.7WIDMAR MARK RChief Executive Officer
Sell2025-03-1734145,609133.8STOCKDALE CAROLINEOfficer
Sell2025-03-0719225,528133.0BUEHLER PATRICK JAMESOfficer
Sell2025-03-0718824,996133.0KORALEWSKI MICHAELOfficer
Sell2025-03-0741955,710133.0VERMA KUNTAL KUMAROfficer
Sell2025-03-07314,122133.0THEURER NATHAN BOfficer
Sell2025-03-0739151,987133.0BRADLEY ALEXANDER R.Chief Financial Officer
Sell2025-03-0732042,547133.0DYMBORT JASON EGeneral Counsel
Sell2025-03-0737850,259133.0GLOECKLER MARKUSChief Technology Officer
Sell2025-03-0714719,545133.0ANTOUN GEORGES JOfficer
Sell2025-03-071,272169,125133.0WIDMAR MARK RChief Executive Officer
Sell2025-03-0722730,182133.0STOCKDALE CAROLINEOfficer
Sell2025-02-287,4751,021,086136.6VERMA KUNTAL KUMAROfficer
Sell2025-02-2821,5423,039,361141.1WIDMAR MARK RChief Executive Officer
Grant2025-02-2623,47800.0ANTOUN GEORGES JOfficer
Grant2025-02-2612,00600.0STOCKDALE CAROLINEOfficer
Grant2025-02-2672,83800.0WIDMAR MARK RChief Executive Officer
Grant2025-02-2613,60600.0VERMA KUNTAL KUMAROfficer
Grant2025-02-2612,80600.0GLOECKLER MARKUSChief Technology Officer
Grant2025-02-266,40200.0BUEHLER PATRICK JAMESOfficer
Grant2025-02-269,60400.0KORALEWSKI MICHAELOfficer
Grant2025-02-2612,80600.0DYMBORT JASON EGeneral Counsel
Grant2025-02-2621,61000.0BRADLEY ALEXANDER R.Chief Financial Officer
Grant2024-12-3136200.0AHEARN MICHAEL JDirector
Grant2024-12-3125600.0RENDUCHINTALA VENKATA S MDirector
Grant2024-12-3125600.0GEORGE ANITA MDirector
Grant2024-12-3125600.0KRO LISA ADirector
Grant2024-12-3125600.0JOSEPH MOLLY E.Director
Grant2024-12-3125600.0WRIGHT NORMAN LDirector
Grant2024-12-3125600.0POST WILLIAM J.Director
Grant2024-12-3125600.0SWEENEY MICHAEL TDirector
Grant2024-12-3125600.0STEBBINS PAUL HDirector
Sell2024-10-313,601714,871198.5GLOECKLER MARKUSChief Technology Officer
Grant2024-09-3025600.0AHEARN MICHAEL JDirector
Grant2024-09-3018100.0RENDUCHINTALA VENKATA S MDirector
Grant2024-09-3018100.0GEORGE ANITA MDirector
Grant2024-09-3018100.0KRO LISA ADirector
Grant2024-09-3018100.0JOSEPH MOLLY E.Director
Grant2024-09-3018100.0WRIGHT NORMAN LDirector
Grant2024-09-3018100.0POST WILLIAM J.Director
Grant2024-09-3018100.0SWEENEY MICHAEL TDirector
Grant2024-09-3018100.0STEBBINS PAUL HDirector

Congressional trading

2025-09

$0.00
$0.00

2025-08

$0.00
$0.00

2025-07

$0.00
$0.00

2025-06

$0.00
$0.00

2025-05

$0.00
$0.00

2025-04

$0.00
$8001

2025-03

$8001
$16001

2025-02

$8001
$0.00

2025-01

$0.00
$0.00

2024-12

$0.00
$0.00

2024-11

$0.00
$0.00

2024-10

$0.00
$0.00

2024-09

$0.00
$0.00
DatePoliticianPartyChamberAmount ($)
Buy2025-04-23Ro KhannaDHouse$1,001 - $15,000
Sell2025-03-19Dave MinDHouse$1,001 - $15,000
Buy2025-03-12Ro KhannaDHouse$1,001 - $15,000
Buy2025-03-12Ro KhannaDHouse$1,001 - $15,000
Sell2025-02-25Rob BresnahanRHouse$1,001 - $15,000

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