First Solar, Inc.

Valuation Analysis

About the Company

First Solar, Inc., a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally. The company manufactures and sells PV solar modules with thin film semiconductor technology that provides conventional crystalline silicon PV solar modules. It also designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity. The company serves system developers, independent power producers, utilities, commercial and industrial companies, large corporate energy buyers, and other system owners and operators. The company was formerly known as First Solar Holdings, Inc. and changed its name to First Solar, Inc. in 2006. First Solar, Inc. was founded in 1999 and is headquartered in Phoenix,

First Solar, Inc. Stock at a Glance

First Solar, Inc. (FSLR) is currently trading at $267.31 with a market capitalization of $28.7B. The trailing P/E ratio stands at 17.27x, with a forward P/E of 11.41x. The 52-week range spans from $135.50 to $320.95; the current price is 16.7% below the yearly high. Year-over-year revenue growth stands at +23.6%. The net profit margin stands at 30.73%.

💰 Dividend

First Solar, Inc. currently does not pay a dividend. The company typically reinvests its earnings into growth initiatives and product development.

📊 Analyst Rating

26 analysts rate First Solar, Inc. (FSLR) on consensus: Buy. The average price target is $245.77, implying -8.06% from the current price. Analyst price targets range from $150.00 to $330.00.

First Solar, Inc.: The Investment Case in Detail

First Solar, Inc. (FSLR) operates in the Technology — specifically Solar — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

The Bull Case

Revenue is growing at a healthy 23.6% pace year-over-year, suggesting the business model continues to find new customers and pricing power. Earnings growth of 65.1% is outpacing revenue, a sign of operational leverage — fixed costs are being absorbed across a larger base. The combination of a 41.74% gross margin and 33.07% operating margin shows the business converts revenue into profit efficiently — a hallmark of competitive moat.

The Bear Case

Short interest sits at 10.39% of float — a meaningful contingent of professionals is positioned for the share to fall, which deserves attention even if their thesis may turn out to be wrong.

Valuation in Context

With a PEG ratio of 0.7, the price-to-earnings multiple is actually below the company's growth rate — classic value-meets-growth territory that Peter Lynch would have called a 'GARP' opportunity.

What to Watch Next

• The forward P/E of 11.41x is meaningfully below the trailing 17.27x — analysts expect earnings to step up; the next earnings release is the test.

Investment Thesis: Strengths & Weaknesses

Technical Snapshot

The price is in a transition zone relative to the moving averages — no clear signal.

Risk Profile

The data points to above-average price swings, elevated short interest (10.39%).

Trading Data

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