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First Solar Inc.
FSLR
253.08 (-0.62%) 1.58
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.

Quality Checklist 7/8

ROIC > 10%
Debt/Equity < 1
Current Ratio > 1
Quick Ratio > 1
Net Margin > 10%
Past Net Income CAGR > 0%
Est. EPS Growth > 5%
5Y Shares Out Change < 0%
0.0%of Portfolio

My holdings

Day change:
Total change:
Shares:
Cost basis:
Market cap: $27.16(B)
EV: $26.01(B)
Total Equity: $9.02(B)
Earnings date: Feb-25-2026
P/E: 19.36
Forward P/E: 17.31
P/FCF: 44.17
P/S: 5.37
P/B: 3.01
EPS: $13.1
EPS (fwd): $14.6
FCF/share: $5.7
Revenue/share: $47.1
Book value/share: $84.0
ROIC: 15.4%
ROA: 11.3%
ROE: 16.9%
Debt/Equity: 0.10
Current Ratio: 1.90
Gross margin: 40.1%
Operating margin: 29.8%
Net margin: 27.7%
Dividend/share: $0.0
Div. yield: 0.00%

TTM Financials

Income (TTM)

RevenueGrossNet
Revenue$5.05(B)
Gross profit$2.02(B)
EBITDA$2.02(B)
Net income$1.40(B)
Gross margin40.1%
Operating margin29.8%
Net margin27.7%
Shares outstanding107.31(M)

Balance sheet

Cash & ST inv.Other ST assetsLong term assetsCurrent liabilitiesLong term debtOther LT liabilitiesEquity
Total assets$13.46(B)
Current assets$5.90(B)
Total liabilities$4.44(B)
Current liabilities$3.09(B)
Cash & Short-term inv.$2.04(B)
Long-term debt$282.56(M)
Total intangibles$81.94(M)
PP&E$5.94(B)

Cash flow (TTM)

CFOCFICFF
FCF$614.52(M)
CapEx$-1.01(B)
Dividends paid$0
Stock issued$0
Stock repurchased$-15.51(M)
Stock-based comp.$22.83(M)
Debt issued$827.18(M)
Debt repaid$-655.92(M)

Per share data (TTM)

Price: $253
Revenue: $47.1 (5.4x | 18.6%) Gross profit: $18.8 (13.4x | 7.4%) Earnings: $13.1 (19.4x | 5.2%)
FCF: $5.73 (44.2x | 2.3%) Stock-based Comp.: $0.21 (1189.6x | 0.1%) CapEx.: $9.43 (26.8x | 3.7%) Dividend: $0.00 (N/A | 0.0%)
Total Assets: $125 (2.0x | 49.6%) Total Liabilities: $41.4 (6.1x | 16.4%) Book Value: $84.0 (3.0x | 33.2%) Cash & ST inv.: $19.0 (13.3x | 7.5%) Debt: $2.63 (96.1x | 1.0%)
Earnings FY+1: $14.6 (17.3x | 5.8%) Earnings FY+2: $23.6 (10.7x | 9.3%) Earnings FY+3: $29.8 (8.5x | 11.8%) Earnings FY+4: $33.0 (7.7x | 13.1%) Earnings FY+5: $38.1 (6.6x | 15.1%)
FCF FY+1: $3.35 (75.4x | 1.3%) FCF FY+2: $16.0 (15.8x | 6.3%) FCF FY+3: $28.6 (8.9x | 11.3%) FCF FY+4: $34.7 (7.3x | 13.7%) FCF FY+5: $36.1 (7.0x | 14.3%)

Summary