First Solar's dominant position in U.S. thin-film solar, backed by a 45.1 GW contracted backlog through 2030, supports a strong long-term growth outlook. However, near-term earnings quality is clouded by heavy reliance on Section 45X tax credits, which inflate...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth has been uneven, with Q2 2026 revenue down 3.7% YoY despite record volumes, while gross margin expanded to 57.3%—a level that appears heavily dependent on Section 45X tax credits, as evidenced by the 42.7% COGS ratio.
First Solar's trailing P/E of 19.84 and forward P/E of 10.18 suggest the stock may be undervalued relative to future earnings potential.
Multiple bullish theses on First Solar have been published by research platforms like Bullseye Research and r/Valueinvesting, indicating positive sentiment among analysts.
First Solar's share price was trading at $241.88 as of February 20th, reflecting strong market performance and investor confidence.
Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 30, 2026 | $3.92+35.2% vs $2.90 | $1.1B-0.6% vs $1.1B |
Q2 2026 Apr 30, 2026 | $3.22+6.3% vs $3.03 | $1.0B+0.9% vs $1.0B |
Q1 2026 Feb 24, 2026 | $4.84-5.8% vs $5.14 | $1.7B+7.3% vs $1.6B |
Q4 2025 Oct 30, 2025 | $4.24+0.0% vs $4.24 | $1.6B+1.2% vs $1.6B |
VDE's traditional oil holdings delivered 46.8% returns over one year, while ICLN's renewable focus saw deeper volatility and a 57.2% maximum drawdown.
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Enphase Energy (NASDAQ:ENPH | ENPH Price Prediction) is sliding again on Friday, giving back part of a bounce that formed earlier in the week. The Invesco Solar ETF (NYSEARCA:TAN) is down 2%.
Gloeckler sold 800 shares in a transaction valued at approximately $160,000. The transaction size was equivalent to 12% of the stake held directly by the insider prior to the filing.
Benchmark FSLR against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for First Solar, Inc. (FSLR)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $191.97 | $20.63B | 13.51 | 24.09% | 29.28% | 17.45% | — | |
| $11.34 | $769.04M | -7.32 | -6.65% | -3.73% | -4.34% | — | |
| $9.91 | $129.75M | -0.20 | -29% | -3.36% | -7.71% | — | |
| $3.86 | $593.77M | -5.29 | 40.22% | -7.25% | -27.96% | — | |
| $0.76 | $12.86M | -0.01 | -54.68% | -320.48% | — | — | |
| $33.07 | $4.37B | 25.64 | 10.72% | 10.09% | 12.28% | — |
First Solar, Inc. (FSLR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
First Solar, Inc. (FSLR) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 30, 2026·SEC
May 15, 2026·SEC
Apr 30, 2026·SEC
Feb 24, 2026·SEC
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First Solar, Inc. (FSLR) stock FAQ — growth, dividends, profitability & financials explained
First Solar, Inc. (FSLR) reported $5.38B in revenue for fiscal year 2025.
First Solar, Inc. (FSLR) grew revenue by 24.1% over the past year. This is strong growth.
Yes, First Solar, Inc. (FSLR) is profitable, generating $1.75B in net income for fiscal year 2025 (29.3% net margin).
First Solar, Inc. (FSLR) has a return on equity (ROE) of 17.4%. This is reasonable for most industries.
First Solar, Inc. (FSLR) generated $1.50B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
