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First Solar, Inc.

Data quality: 100%
FSLR
NASDAQ Energy Solar
$189.92
▼ $2.90 (-1.50%)
Mkt Cap: 20.38B
Day Range
$188.10 $196.93
52-Week Range
$116.56 $285.99
Volume
2,110,964
50D / 200D Avg
$222.02 / $217.19
Prev Close
$192.82

Price History

Financial Trends

Peer Comparison

vs Energy sector median (303 peers)

Metric Stock Sector Median
P/E 13.3 13.0
P/B 2.1 1.6
ROE % 17.5 9.9
Net Margin % 29.3 7.9
Rev Growth 5Y % 15.6 9.4
D/E 0.1 0.5

Analyst Price Target

Hold
$268.32 +41.3%
Low: $150.00 High: $330.00
Forward P/E
10.5
Forward EPS
$18.10
EPS Growth (est.)
+0.0%
Est. Revenue
5.2 B

Earnings Estimates

Period EPS Est. Revenue Est. Analysts
FY2030 $27.46
$24.63 – $33.53
7.1 B 10
FY2029 $35.35
$31.71 – $43.17
7.3 B 10
FY2028 $30.04
$20.26 – $43.70
6.7 B 20

Key Takeaways

Revenue grew 15.59% annually over 5 years — strong growth
Earnings grew 18.28% over the past year
ROE of 17.45% — decent returns on equity
Net margin of 29.28% shows strong profitability
Debt/Equity of 0.05 — conservative balance sheet
Generating 1.19B in free cash flow

Growth

Revenue Growth (5Y)
15.59%
Revenue (1Y)24.09%
Earnings (1Y)18.28%
FCF Growth (3Y)N/A

Quality

Return on Equity
17.45%
ROIC11.93%
Net Margin29.28%
Op. Margin30.59%

Safety

Debt / Equity
0.05
Current Ratio2.67
Interest Coverage36.18

Valuation

P/E Ratio
13.34
P/B Ratio2.14
EV/EBITDA11.32
Dividend Yield0.00%

All Fundamental Metrics

Growth
Revenue Growth (1Y) 24.09% Revenue Growth (3Y) 25.41%
Earnings Growth (1Y) 18.28% Earnings Growth (3Y) 35.63%
Revenue Growth (5Y) 15.59% Earnings Growth (5Y) 34.38%
Profitability
Revenue (TTM) 5.22B Net Income (TTM) 1.53B
ROE 17.45% ROA 11.47%
Gross Margin 40.62% Operating Margin 30.59%
Net Margin 29.28% Free Cash Flow (TTM) 1.19B
ROIC 11.93% FCF Growth (3Y) N/A
Safety
Debt / Equity 0.05 Current Ratio 2.67
Interest Coverage 36.18 Dividend Yield 0.00%
Valuation
P/E Ratio 13.34 P/B Ratio 2.14
P/S Ratio 3.90 PEG Ratio 1.01
EV/EBITDA 11.32 Dividend Yield 0.00%
Market Cap 20.38B Enterprise Value 18.08B

Income Statement

Annual, most recent first

Income statement data, annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Revenue 5.22B 4.21B 3.32B 2.62B 2.92B
Net Income 1.53B 1.29B 830.78M -44.17M 468.69M
EPS (Diluted) 14.21 12.02 7.74 -0.41 4.38
Gross Profit 2.12B 1.86B 1.30B 69.86M 729.95M
Operating Income 1.60B 1.39B 857.27M -27.24M 586.75M

Balance Sheet

Annual, most recent first

Balance sheet data, annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Total Assets 13.32B 12.12B 10.37B 8.25B 7.41B
Total Liabilities 3.78B 4.15B 3.68B 2.42B 1.45B
Shareholders' Equity 9.54B 7.98B 6.69B 5.84B 5.96B
Total Debt 498.57M 718.80M 624.39M 234.13M 398.59M
Cash & Equivalents 2.80B 1.62B 1.95B 1.48B 1.45B
Current Assets 6.03B 5.09B 4.63B 3.79B 3.19B
Current Liabilities 2.25B 2.08B 1.31B 1.04B 726.88M