First Solar, Inc.
FSLR
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-07.
- First Solar is well-positioned in the solar industry, benefiting from increasing demand for renewable energy solutions as governments push for cleaner energy sources.
- In Q2 2026, First Solar reported revenue of $1.056 billion, a 1% increase from the previous quarter, indicating stable growth.
- The company's gross margin improved significantly to 57.3% in Q2 2026, up from 46.6% in Q1 2026.
- Despite its strengths, First Solar faces challenges with a declining revenue growth rate of -3.7%, which could impact future profitability.
- The company's trailing P/E ratio stands at 11.1, suggesting that the stock may be overvalued compared to its earnings growth.
- First Solar's score indicates a 'Sell' signal with a score of -6.00, reflecting negative trends in technical indicators.
Fundamentals
| Market cap | $19.22B | Enterprise value | $17.69B | Trailing P/E | 11.03 | Forward P/E | 7.70 |
| PEG | 0.34 | Price / book | 1.86 | Beta | 1.79 | Dividend yield | 0.00% |
| Revenue growth | -3.7% | Earnings growth | 23.3% | Gross margin | 44.0% | Operating margin | 42.6% |
| Profit margin | 32.5% | ROE | 18.5% | ROA | 8.6% | Debt / equity | 0.02 |
| Current ratio | 2.52 | Free cash flow | $1.60B | Analyst recommendation | buy | Mean target | $274.47 |
| 52w high | $320.95 | 52w low | $168.60 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $1.1B | $1.0B | $1.7B | $1.6B | $1.1B | — |
| Op margin | 42.6% | 33.1% | 32.6% | 29.2% | 33.0% | — |
| Net income | $423M | $347M | $521M | $456M | $342M | — |
| Gross margin | 57.3% | 46.6% | 39.5% | 38.3% | 45.6% | — |
| Gross profit | $605M | $486M | $665M | $611M | $500M | — |
| Operating income | $450M | $345M | $548M | $466M | $362M | — |
- Revenue +1% vs prior quarter ($1.1B vs $1.0B).
- Gross margin 57.3% (was 46.6% prior quarter).
- Operating margin expanded to 42.6%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $5.2B | $4.2B | $3.3B | $2.6B | — |
| Op margin | 30.6% | 33.1% | 26.7% | -10.7% | — |
| Net income | $1.5B | $1.3B | $831M | -$44.2M | — |
| Gross margin | 40.6% | 44.2% | 39.2% | 2.7% | — |
| Gross profit | $2.1B | $1.9B | $1.3B | $69.9M | — |
| Operating income | $1.6B | $1.4B | $886M | -$281M | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-09 · 2 Oversold Stocks Set for a Comeback and 1 Facing Challenges
2026-10-08 · First Solar Has Lost 43% From Its June High: Goldman Sachs Sees 51% Upside
2026-10-08 · Evercore ISI Adjusts Price Target on First Solar to $218 From $219
2026-10-08 · Goldman Sachs Adjusts Price Target on First Solar to $272 From $310
2026-10-06 · How to Play FSLR Stock as First Solar Wages an International Solar Panel Legal Battle
2026-10-05 · What Does NVIDIA Offer That First Solar Does Not?
2026-10-05 · FTC Solar (FTCI) Stock Sees Fair Value Lift As Analysts Weigh Orders Against Covenant Risk
2026-10-03 · First Solar (FSLR) Could Be 34% Below Fair Value As Earnings Near
2026-10-02 · How Investors Are Reacting To First Solar (FSLR) Inventory Glut, New Tariffs And Slower Project Starts
2026-10-02 · First Solar Sues Corning Subsidiary, Chinese Rival Over Patent Infringement
2026-10-01 · First Solar Sues JA Solar, American Panel Solutions Over TOPCon Patent
2026-10-01 · First Solar (FSLR) Stock Declines While Market Improves: Some Information for Investors
Price (daily)
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