FSLR logo
First Solar Inc.
FSLR
204.45 (-1.45%) 2.97
Market cap
$21.97(B)
Earnings date
Oct-27-2026
Category
Sector
Information Technology
Industry
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 thin film semiconductor technology that provides conventional crystalline silicon PV solar modules. It also designs manufactures and sells cadmium telluride solar modules that convert sunlight into electricity. The company serves system developers independent power producers utilities commercial and industrial companies large corporate energy buyers and other system owners and operators. 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 Phoenix Arizona.
EV: $16.51(B)
Total Equity: $10.32(B)
Debt/Equity: 0.02
Dividend/share: $0.0
Div. yield: 0.00%
P/E: 12.57
Forward P/E: 11.62
P/FCF: 14.65
P/S: 4.08
P/B: 2.13
EPS: $16.3
EPS (fwd): $17.6
FCF/share: $14.0
Revenue/share: $50.1
Book value/share: $96.0
ROIC: 15.4%
ROA: 11.3%
ROE: 16.9%
Margins: Gross | Op. | Net
44.0% | 29.8% | 32.5%
0.0%of Portfolio
My holdings
Day change
Total change

FSLR Valuation & Price Targets

Favorite Valuation Methods

PEvaluation
Analyst targets
DCF (2-stage)

More Valuation Methods

DCF (simple)
DCF (exit mult.)
DDM
EPS growth
Revenue growth
Peter Lynch FV
Graham No.

PEvaluation

CURRENT PRICE
$204
66% Undervalued
BEAR
BASE
BULL
Fair P/E
Margin of safety
EPS
Market Model
ROICRevenue growthFCF MarginShares outstan...Debt/EquityDebt/EBITDA
Economic moat: None/narrow

EPS Estimates

LowAvgHigh#
FY+116.317.620.326
FY+217.623.129.926
FY+322.129.038.822
FY+425.934.253.69
FY+520.630.445.88

Analyst Price Targets

CURRENT PRICE
$204
34% Undervalued
BEAR
BASE
BULL

Analyst Recommendations

Strong Buy9
Buy16
Hold8
Sell1
Strong Sell1

2-stage DCF

First Stage Duration: 5 Years
Starting Free Cash Flow
First Stage Growth Rate
Low
Mid
High
Terminal Growth Rate
Low
Mid
High
Discount Rate

Discounted Cash Flow

Forecast years: 5 Years
Terminal Growth Rate
Low
Mid
High
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: 5 Years
Exit FCF Multiple
Low
Mid
High
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%

Dividend Discount Model

Annual Dividend
First Stage Length (Years): 0 Years
First Stage Growth Rate
Low
Mid
High
Final Growth Rate
Low
Mid
High
Discount Rate

EPS Growth

Forecast years: 5 Years
Starting EPS
EPS Growth Rate
Low
Mid
High
Final P/E
Low
Mid
High
Discount Rate

Revenue Growth Valuation

Forecast Years: 10 Years
Base Revenue
Revenue Growth Rate
Low
Mid
High
Final Net Margin
Low
Mid
High
Final P/E Ratio
Low
Mid
High
Discount Rate

Peter Lynch Fair Value

Earnings Per Share
Growth Rate
Low
Mid
High

Graham Formula

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