First Solar, Inc. (FSLR)
NASDAQ: FSLR · Real-Time Price · USD
191.50
+2.29 (1.21%)
Mar 9, 2026, 1:20 PM EDT - Market open

First Solar Statistics

Total Valuation

First Solar has a market cap or net worth of $20.55 billion. The enterprise value is $18.10 billion.

Market Cap20.55B
Enterprise Value 18.10B

Important Dates

The next estimated earnings date is Tuesday, April 28, 2026, after market close.

Earnings Date Apr 28, 2026
Ex-Dividend Date n/a

Share Statistics

First Solar has 107.31 million shares outstanding. The number of shares has increased by 0.01% in one year.

Current Share Class 107.31M
Shares Outstanding 107.31M
Shares Change (YoY) +0.01%
Shares Change (QoQ) +0.11%
Owned by Insiders (%) 5.39%
Owned by Institutions (%) 96.80%
Float 101.39M

Valuation Ratios

The trailing PE ratio is 13.51 and the forward PE ratio is 10.35. First Solar's PEG ratio is 0.38.

PE Ratio 13.51
Forward PE 10.35
PS Ratio 3.89
Forward PS 3.46
PB Ratio 2.13
P/TBV Ratio 2.15
P/FCF Ratio 17.10
P/OCF Ratio 9.87
PEG Ratio 0.38
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 8.52, with an EV/FCF ratio of 15.25.

EV / Earnings 11.85
EV / Sales 3.47
EV / EBITDA 8.52
EV / EBIT 11.34
EV / FCF 15.25

Financial Position

The company has a current ratio of 2.67, with a Debt / Equity ratio of 0.07.

Current Ratio 2.67
Quick Ratio 2.12
Debt / Equity 0.07
Debt / EBITDA 0.30
Debt / FCF 0.55
Interest Coverage 36.18

Financial Efficiency

Return on equity (ROE) is 17.45% and return on invested capital (ROIC) is 20.30%.

Return on Equity (ROE) 17.45%
Return on Assets (ROA) 7.84%
Return on Invested Capital (ROIC) 20.30%
Return on Capital Employed (ROCE) 14.43%
Weighted Average Cost of Capital (WACC) 13.10%
Revenue Per Employee $660,681
Profits Per Employee $193,447
Employee Count7,900
Asset Turnover 0.41
Inventory Turnover 2.68

Taxes

In the past 12 months, First Solar has paid $52.68 million in taxes.

Income Tax 52.68M
Effective Tax Rate 3.33%

Stock Price Statistics

The stock price has increased by +40.02% in the last 52 weeks. The beta is 1.65, so First Solar's price volatility has been higher than the market average.

Beta (5Y) 1.65
52-Week Price Change +40.02%
50-Day Moving Average 234.21
200-Day Moving Average 215.35
Relative Strength Index (RSI) 35.23
Average Volume (20 Days) 2,708,797

Short Selling Information

The latest short interest is 8.21 million, so 7.65% of the outstanding shares have been sold short.

Short Interest 8.21M
Short Previous Month 7.59M
Short % of Shares Out 7.65%
Short % of Float 8.10%
Short Ratio (days to cover) 3.44

Income Statement

In the last 12 months, First Solar had revenue of $5.22 billion and earned $1.53 billion in profits. Earnings per share was $14.21.

Revenue5.22B
Gross Profit 2.12B
Operating Income 1.60B
Pretax Income 1.58B
Net Income 1.53B
EBITDA 2.13B
EBIT 1.60B
Earnings Per Share (EPS) $14.21
Full Income Statement

Balance Sheet

The company has $2.86 billion in cash and $655.34 million in debt, with a net cash position of $2.20 billion or $20.50 per share.

Cash & Cash Equivalents 2.86B
Total Debt 655.34M
Net Cash 2.20B
Net Cash Per Share $20.50
Equity (Book Value) 9.54B
Book Value Per Share 88.88
Working Capital 3.77B
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $2.06 billion and capital expenditures -$869.88 million, giving a free cash flow of $1.19 billion.

Operating Cash Flow 2.06B
Capital Expenditures -869.88M
Free Cash Flow 1.19B
FCF Per Share $11.06
Full Cash Flow Statement

Margins

Gross margin is 40.62%, with operating and profit margins of 30.59% and 29.28%.

Gross Margin 40.62%
Operating Margin 30.59%
Pretax Margin 30.29%
Profit Margin 29.28%
EBITDA Margin 40.73%
EBIT Margin 30.59%
FCF Margin 22.75%

Dividends & Yields

First Solar does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio n/a
Buyback Yield -0.01%
Shareholder Yield -0.01%
Earnings Yield 7.53%
FCF Yield 5.85%
Dividend Details

Analyst Forecast

The average price target for First Solar is $243.07, which is 26.93% higher than the current price. The consensus rating is "Buy".

Price Target $243.07
Price Target Difference 26.93%
Analyst Consensus Buy
Analyst Count 27
Revenue Growth Forecast (5Y) 7.69%
EPS Growth Forecast (5Y) 15.46%
Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

This stock does not have any record of stock splits.

Last Split Date n/a
Split Type n/a
Split Ratio n/a

Scores

First Solar has an Altman Z-Score of 5.03 and a Piotroski F-Score of 7.

Altman Z-Score 5.03
Piotroski F-Score 7