Solar
Compare Stocks
4 / 10Stock Comparison
FSLR vs MAXN vs CSIQ vs JKS
Revenue, margins, valuation, and 5-year total return — side by side.
Solar
Solar
Solar
FSLR vs MAXN vs CSIQ vs JKS — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Solar | Solar | Solar | Solar |
| Market Cap | $23.06B | $8M | $1.18B | $306M |
| Revenue (TTM) | $5.42B | $176M | $5.60B | $75.16B |
| Net Income (TTM) | $1.67B | $-565M | $-104M | $-2.52B |
| Gross Margin | 41.7% | -137.2% | 18.3% | 7.3% |
| Operating Margin | 33.0% | -290.5% | 0.1% | -8.2% |
| Forward P/E | 12.0x | — | — | — |
| Total Debt | $499M | $311M | $7.68B | $53.16B |
| Cash & Equiv. | $2.80B | $29M | $1.91B | $22.95B |
FSLR vs MAXN vs CSIQ vs JKS — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Aug 20 | May 26 | Return |
|---|---|---|---|
| First Solar, Inc. (FSLR) | 100 | 280.2 | +180.2% |
| Maxeon Solar Techno… (MAXN) | 100 | 0.0 | -100.0% |
| Canadian Solar Inc. (CSIQ) | 100 | 54.4 | -45.6% |
| JinkoSolar Holding … (JKS) | 100 | 102.2 | +2.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: FSLR vs MAXN vs CSIQ vs JKS
Each card shows where this stock fits in a portfolio — not just who wins on paper.
FSLR carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 24.1%, EPS growth 18.2%, 3Y rev CAGR 25.8%
- 324.1% 10Y total return vs JKS's 40.8%
- Lower volatility, beta 1.39, Low D/E 5.2%, current ratio 2.67x
- Beta 1.39, current ratio 2.67x
MAXN is the clearest fit if your priority is income & stability.
- Dividend streak 1 yrs, beta 2.08
CSIQ is the #2 pick in this set and the best alternative if momentum is your priority.
- +97.1% vs MAXN's -83.1%
JKS is the clearest fit if your priority is dividends.
- 23.5% yield; the other 3 pay no meaningful dividend
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 24.1% revenue growth vs MAXN's -54.7% | |
| Quality / Margins | 30.7% margin vs MAXN's -320.5% | |
| Stability / Safety | Beta 1.39 vs CSIQ's 2.23, lower leverage | |
| Dividends | 23.5% yield; the other 3 pay no meaningful dividend | |
| Momentum (1Y) | +97.1% vs MAXN's -83.1% | |
| Efficiency (ROA) | 12.6% ROA vs MAXN's -190.0%, ROIC 17.6% vs -351.1% |
FSLR vs MAXN vs CSIQ vs JKS — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
FSLR vs MAXN vs CSIQ vs JKS — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
FSLR leads in 4 of 6 categories
MAXN leads 1 • CSIQ leads 0 • JKS leads 0 • 1 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
FSLR leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
JKS is the larger business by revenue, generating $75.2B annually — 426.0x MAXN's $176M. FSLR is the more profitable business, keeping 30.7% of every revenue dollar as net income compared to MAXN's -3.2%. On growth, FSLR holds the edge at +23.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $5.4B | $176M | $5.6B | $75.2B |
| EBITDAEarnings before interest/tax | $2.2B | -$488M | $284M | -$3.8B |
| Net IncomeAfter-tax profit | $1.7B | -$565M | -$104M | -$2.5B |
| Free Cash FlowCash after capex | $1.7B | -$186M | -$1.7B | $0 |
| Gross MarginGross profit ÷ Revenue | +41.7% | -137.2% | +18.3% | +7.3% |
| Operating MarginEBIT ÷ Revenue | +33.0% | -2.9% | +0.1% | -8.2% |
| Net MarginNet income ÷ Revenue | +30.7% | -3.2% | -1.9% | -3.4% |
| FCF MarginFCF ÷ Revenue | +30.8% | -105.7% | -29.6% | -3.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | +23.6% | -89.4% | -20.0% | -34.1% |
| EPS Growth (YoY)Latest quarter vs prior year | +65.1% | -2.1% | -3.7% | -33.5% |
Valuation Metrics
Evenly matched — MAXN and CSIQ and JKS each lead in 1 of 3 comparable metrics.
Valuation Metrics
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $23.1B | $8M | $1.2B | $306M |
| Enterprise ValueMkt cap + debt − cash | $20.8B | $291M | $7.0B | $4.7B |
| Trailing P/EPrice ÷ TTM EPS | 15.10x | -0.01x | -11.41x | -0.48x |
| Forward P/EPrice ÷ next-FY EPS est. | 12.04x | — | — | — |
| PEG RatioP/E ÷ EPS growth rate | 0.49x | — | — | — |
| EV / EBITDAEnterprise value multiple | 9.38x | — | — | — |
| Price / SalesMarket cap ÷ Revenue | 4.42x | 0.02x | 0.21x | 0.03x |
| Price / BookPrice ÷ Book value/share | 2.42x | — | 0.28x | 0.07x |
| Price / FCFMarket cap ÷ FCF | 19.42x | — | — | — |
Profitability & Efficiency
FSLR leads this category, winning 8 of 9 comparable metrics.
Profitability & Efficiency
FSLR delivers a 18.0% return on equity — every $100 of shareholder capital generates $18 in annual profit, vs $-8 for JKS. FSLR carries lower financial leverage with a 0.05x debt-to-equity ratio, signaling a more conservative balance sheet compared to JKS's 1.93x. On the Piotroski fundamental quality scale (0–9), FSLR scores 7/9 vs CSIQ's 1/9, reflecting strong financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | +18.0% | — | -2.5% | -7.7% |
| ROA (TTM)Return on assets | +12.6% | -190.0% | -0.7% | -2.0% |
| ROICReturn on invested capital | +17.6% | -3.5% | -0.2% | -9.2% |
| ROCEReturn on capital employed | +15.9% | -189.7% | -0.3% | -10.3% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 3 | 1 | 3 |
| Debt / EquityFinancial leverage | 0.05x | — | 1.80x | 1.93x |
| Net DebtTotal debt minus cash | -$2.3B | $283M | $5.8B | $30.2B |
| Cash & Equiv.Liquid assets | $2.8B | $29M | $1.9B | $23.0B |
| Total DebtShort + long-term debt | $499M | $311M | $7.7B | $53.2B |
| Interest CoverageEBIT ÷ Interest expense | 53.51x | -13.64x | 0.02x | -2.92x |
Total Returns (Dividends Reinvested)
FSLR leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in FSLR five years ago would be worth $28,755 today (with dividends reinvested), compared to $3 for MAXN. Over the past 12 months, CSIQ leads with a +97.1% total return vs MAXN's -83.1%. The 3-year compound annual growth rate (CAGR) favors FSLR at 6.5% vs MAXN's -94.4% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | -21.8% | -84.0% | -30.4% | -16.5% |
| 1-Year ReturnPast 12 months | +65.3% | -83.1% | +97.1% | +37.1% |
| 3-Year ReturnCumulative with dividends | +20.9% | -100.0% | -52.3% | -41.7% |
| 5-Year ReturnCumulative with dividends | +187.6% | -100.0% | -55.4% | -14.8% |
| 10-Year ReturnCumulative with dividends | +324.1% | -100.0% | +14.4% | +40.8% |
| CAGR (3Y)Annualised 3-year return | +6.5% | -94.4% | -21.9% | -16.5% |
Risk & Volatility
FSLR leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
FSLR is the less volatile stock with a 1.39 beta — it tends to amplify market swings less than CSIQ's 2.23 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. FSLR currently trades 75.0% from its 52-week high vs MAXN's 9.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.39x | 2.08x | 2.23x | 1.39x |
| 52-Week HighHighest price in past year | $285.99 | $4.97 | $34.59 | $31.88 |
| 52-Week LowLowest price in past year | $125.80 | $0.40 | $8.84 | $17.41 |
| % of 52W HighCurrent price vs 52-week peak | +75.0% | +9.6% | +51.1% | +73.2% |
| RSI (14)Momentum oscillator 0–100 | 64.3 | 25.4 | 62.4 | 51.4 |
| Avg Volume (50D)Average daily shares traded | 2.1M | 2.4M | 2.5M | 597K |
Analyst Outlook
MAXN leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Analyst consensus: FSLR as "Buy", CSIQ as "Buy", JKS as "Buy". Consensus price targets imply 63.3% upside for CSIQ (target: $29) vs 2.8% for JKS (target: $24). JKS is the only dividend payer here at 23.53% yield — a key consideration for income-focused portfolios.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | — | Buy | Buy |
| Price TargetConsensus 12-month target | $264.13 | — | $28.88 | $24.00 |
| # AnalystsCovering analysts | 73 | — | 33 | 22 |
| Dividend YieldAnnual dividend ÷ price | — | — | — | +23.5% |
| Dividend StreakConsecutive years of raises | — | 1 | 0 | 0 |
| Dividend / ShareAnnual DPS | — | — | — | $37.37 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.1% | 0.0% | +5.9% | +0.2% |
FSLR leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). MAXN leads in 1 (Analyst Outlook). 1 tied.
FSLR vs MAXN vs CSIQ vs JKS: Key Questions Answered
9 questions · data-driven answers · updated daily
01Is FSLR or MAXN or CSIQ or JKS a better buy right now?
For growth investors, First Solar, Inc.
(FSLR) is the stronger pick with 24. 1% revenue growth year-over-year, versus -54. 7% for Maxeon Solar Technologies, Ltd. (MAXN). First Solar, Inc. (FSLR) offers the better valuation at 15. 1x trailing P/E (12. 0x forward), making it the more compelling value choice. Analysts rate First Solar, Inc. (FSLR) a "Buy" — based on 73 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — FSLR or MAXN or CSIQ or JKS?
Over the past 5 years, First Solar, Inc.
(FSLR) delivered a total return of +187. 6%, compared to -100. 0% for Maxeon Solar Technologies, Ltd. (MAXN). Over 10 years, the gap is even starker: FSLR returned +324. 1% versus MAXN's -100. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — FSLR or MAXN or CSIQ or JKS?
By beta (market sensitivity over 5 years), First Solar, Inc.
(FSLR) is the lower-risk stock at 1. 39β versus Canadian Solar Inc. 's 2. 23β — meaning CSIQ is approximately 60% more volatile than FSLR relative to the S&P 500. On balance sheet safety, First Solar, Inc. (FSLR) carries a lower debt/equity ratio of 5% versus 193% for JinkoSolar Holding Co. , Ltd. — giving it more financial flexibility in a downturn.
04Which is growing faster — FSLR or MAXN or CSIQ or JKS?
By revenue growth (latest reported year), First Solar, Inc.
(FSLR) is pulling ahead at 24. 1% versus -54. 7% for Maxeon Solar Technologies, Ltd. (MAXN). On earnings-per-share growth, the picture is similar: First Solar, Inc. grew EPS 18. 2% year-over-year, compared to -1540. 3% for JinkoSolar Holding Co. , Ltd.. Over a 3-year CAGR, FSLR leads at 25. 8% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — FSLR or MAXN or CSIQ or JKS?
First Solar, Inc.
(FSLR) is the more profitable company, earning 29. 3% net margin versus -120. 7% for Maxeon Solar Technologies, Ltd. — meaning it keeps 29. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FSLR leads at 32. 3% versus -113. 3% for MAXN. At the gross margin level — before operating expenses — FSLR leads at 40. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is FSLR or MAXN or CSIQ or JKS more undervalued right now?
Analyst consensus price targets imply the most upside for CSIQ: 63.
3% to $28. 88.
07Which pays a better dividend — FSLR or MAXN or CSIQ or JKS?
In this comparison, JKS (23.
5% yield) pays a dividend. FSLR, MAXN, CSIQ do not pay a meaningful dividend and should not be held primarily for income.
08Is FSLR or MAXN or CSIQ or JKS better for a retirement portfolio?
For long-horizon retirement investors, JinkoSolar Holding Co.
, Ltd. (JKS) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (23. 5% yield). Maxeon Solar Technologies, Ltd. (MAXN) carries a higher beta of 2. 08 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (JKS: +40. 8%, MAXN: -100. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between FSLR and MAXN and CSIQ and JKS?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: FSLR is a mid-cap high-growth stock; MAXN is a small-cap quality compounder stock; CSIQ is a small-cap quality compounder stock; JKS is a small-cap income-oriented stock. JKS pays a dividend while FSLR, MAXN, CSIQ do not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
Find Stocks Like These
Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform all of them.
You Might Also Compare
Based on how these companies actually compete and overlap — not just which sector they're filed under.