First Solar (FSLR) Stock Overview
A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 1/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
FSLR Community Fair Values
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Analyst Price Targets
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First Solar, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$211.71 |
| 52 Week High | US$285.99 |
| 52 Week Low | US$122.48 |
| Beta | 1.61 |
| 1 Month Change | 8.39% |
| 3 Month Change | -11.43% |
| 1 Year Change | 66.49% |
| 3 Year Change | 19.30% |
| 5 Year Change | 193.27% |
| Change since IPO | 755.74% |
Recent News & Updates
First Solar (FSLR): The Domestic Titan Braces for a High-Output Verdict
First Solar, Inc. (FSLR) , the global vanguard of advanced thin-film solar technology and the largest domestic PV manufacturer in the United States, enters the final week of April 2026 in a state of formidable strategic momentum.
FSLR: Section 232 Tariff Outcome Will Shape Future U.S. Pricing Power
First Solar's analyst price targets have generally moved lower in recent weeks, with cuts ranging from around $9 to more than $100 as analysts respond to Q4 earnings, weaker 2026 guidance, tariff related volume headwinds, and higher uncertainty around future demand and policy outcomes. Analyst Commentary The recent wave of price target cuts and rating changes on First Solar reflects a reset in expectations following Q4 results and updated 2026 guidance.FSLR: Section 232 Tariff Decision Will Drive Future U.S. Pricing Power
Narrative Update on First Solar The analyst price target for First Solar has been revised lower from $335.32 to $313.00, as analysts reworked models after Q4 earnings, citing weaker 2026 guidance, softer demand signals in utility-scale solar, tariff related uncertainty, and a greater reliance on potential Section 232 outcomes for the longer term story. Analyst Commentary Street research around First Solar has turned more cautious after Q4 results and 2026 guidance, with many firms cutting price targets and shifting to neutral or Hold stances.Recent updates
First Solar (FSLR): The Domestic Titan Braces for a High-Output Verdict
First Solar, Inc. (FSLR) , the global vanguard of advanced thin-film solar technology and the largest domestic PV manufacturer in the United States, enters the final week of April 2026 in a state of formidable strategic momentum.FSLR: Section 232 Tariff Outcome Will Shape Future U.S. Pricing Power
First Solar's analyst price targets have generally moved lower in recent weeks, with cuts ranging from around $9 to more than $100 as analysts respond to Q4 earnings, weaker 2026 guidance, tariff related volume headwinds, and higher uncertainty around future demand and policy outcomes. Analyst Commentary The recent wave of price target cuts and rating changes on First Solar reflects a reset in expectations following Q4 results and updated 2026 guidance.FSLR: Section 232 Tariff Decision Will Drive Future U.S. Pricing Power
Narrative Update on First Solar The analyst price target for First Solar has been revised lower from $335.32 to $313.00, as analysts reworked models after Q4 earnings, citing weaker 2026 guidance, softer demand signals in utility-scale solar, tariff related uncertainty, and a greater reliance on potential Section 232 outcomes for the longer term story. Analyst Commentary Street research around First Solar has turned more cautious after Q4 results and 2026 guidance, with many firms cutting price targets and shifting to neutral or Hold stances.First Solar: Sold Out U.S. Solar Leader At An Attractive Discount
Mar 31FSLR: Section 232 Tariff Outcomes Will Support Future U.S. Pricing Power
Narrative Update on First Solar The analyst fair value estimate for First Solar has been adjusted from $347.10 to $335.32 as analysts recalibrated their models after Q4 results, weaker 2026 guidance, lower price targets across several firms, and updated views on demand, margins, tariffs, and policy outcomes. Analyst Commentary Recent Street research on First Solar has shifted toward more cautious stances, with several firms moving to Hold or Neutral ratings and trimming price targets after Q4 results and weaker 2026 guidance.
FSLR: Section 232 Tariffs And 2026 Reset Year Will Shape Pricing Power
We are trimming our fair value estimate for First Solar to $175.45 from $198.37 as analysts lower price targets across the board after weaker Q4 results and 2026 guidance, softer revenue growth and profit margin assumptions, and a higher implied future P/E despite only a modest adjustment in discount rate. Analyst Commentary Street research has turned more cautious following First Solar's Q4 results and 2026 guidance, with several firms cutting price targets and shifting to more neutral stances.FSLR: Utility Scale Projects And U.S. Manufacturing Expansion Will Support Pricing Power
Our updated analyst price target for First Solar edges lower by $9. This reflects a mixed batch of recent research in which some analysts trim expectations on competitive and policy concerns, while others still highlight supportive P/E assumptions and solid margin and growth inputs.FSLR: U.S. Manufacturing Expansion Will Support Long-Term Pricing Power
The analyst price target for First Solar has been raised by about US$12 to US$347.10. Analysts are balancing lower modeled revenue growth with higher profit margin expectations, a slightly reduced discount rate and a higher assumed future P/E.FSLR: Elevated Pricing Power Will Likely Struggle With Section 232 Tariff Outcomes
Our updated analyst price target for First Solar edges lower by about US$1 to US$198, as analysts weigh slightly softer modeled revenue growth and a higher discount rate against firmer profit margin expectations and mixed recent research, including both target hikes and a key downgrade. Analyst Commentary Recent Street research on First Solar has turned more mixed, with some bullish price target lifts offset by cautious views and at least one downgrade.
FSLR: U.S. Manufacturing Buildout And Section 232 Policies Will Shape Upside
Analysts have nudged their fair value estimate for First Solar higher from about US$271.61 to roughly US$281.65. This reflects updated views on policy driven demand, tariff risks and the company's position as a U.S. focused utility scale supplier within clean energy.FSLR: Domestic Finishing Capacity Expansion Will Drive Long-Term Pricing Power
We raise our First Solar fair value estimate to $335 from $287, reflecting analysts' higher price targets following Q3 results and their view that the company remains a structurally advantaged U.S. solar manufacturer with durable pricing power, policy tailwinds, and expanded domestic finishing capacity that offset near term guidance and margin headwinds. Analyst Commentary Recent Street research highlights a broad and constructive shift in sentiment toward First Solar, with multiple bullish analysts lifting price targets in the wake of Q3 results and updated guidance.FSLR: Elevated Pricing Power Will Face Policy And Tariff Headwinds
We are lifting our First Solar fair value estimate to $199 from $142, reflecting analysts' broad price target increases into the mid $200s to $300 range, as they highlight the company's structurally advantaged U.S. manufacturing footprint, durable pricing power, and policy driven tailwinds, despite near term supply and tariff headwinds. Analyst Commentary Recent Street research reflects a broadly constructive stance on First Solar, with multiple firms lifting price targets into the mid $200s and even approaching $300.FSLR: U.S. Manufacturing Expansion And Policy Trends Will Guide Balanced Outlook
The analyst price target for First Solar rose modestly to $271.61 from $269.64. Analysts cited supportive factors such as recent Q3 results, expanding U.S. capacity, and policy tailwinds.FSLR: U.S. Expansion And Policy Will Shape Upside Amid Changing Industry Support
First Solar's analyst price target has risen significantly, increasing from approximately $259 to about $270 per share. Analysts point to durable pricing advantage, supportive government policy, and robust supply chain initiatives as key drivers behind the upgrade.FSLR: Domestic Manufacturing Expansion And Policy Tailwinds Will Offset Sector Risks
First Solar's analyst price target has increased from $238.59 to $259.11 per share, as analysts cite the company's resilient market position, margin stability, and favorable policy developments, even though expectations for near-term revenue growth have been somewhat tempered. Analyst Commentary Analyst reactions to First Solar's latest results and updated guidance reflect a mix of continued optimism for the company's long-term positioning and acknowledgement of industry headwinds affecting near-term performance.US Manufacturing Expansion Will Secure Future Solar Leadership
First Solar's analyst price target has been raised from $224 to approximately $239. This reflects analyst confidence in the company's U.S. manufacturing expansion, favorable policy developments, and consistent bookings momentum despite near-term industry headwinds.US Manufacturing Expansion Will Secure Future Solar Leadership
Analysts have raised their price target for First Solar, increasing it by nearly $4 to $224. Improved bookings, favorable policy developments, and potential market share gains support a more optimistic outlook for the company.First Solar, Inc. (NASDAQ:FSLR) Shares Could Be 30% Below Their Intrinsic Value Estimate
Sep 06
US Manufacturing Expansion Will Secure Future Solar Leadership
Upward revisions in First Solar’s price target reflect bullish analyst sentiment driven by supportive U.S. policy developments, legislative incentives (notably 45X tax credits), and strong Q2 results, offsetting some lingering risks and resulting in a modest consensus price target increase from $215.56 to $218.66. Analyst Commentary Bullish analysts cite "One Big Beautiful Bill" (OBBB) and related legislative developments—especially retention and extension of 45X tax credits and advanced manufacturing incentives—as major demand and margin tailwinds for First Solar.US Manufacturing Expansion Will Secure Future Solar Leadership
Driven by a significant expansion in net profit margin despite a modestly higher discount rate, analyst fair value estimates for First Solar have increased, raising the consensus price target from $204.38 to $215.77. What's in the News First Solar raised 2025 net sales guidance to $4.9–$5.7 billion (from $4.5–$5.5 billion); narrowed operating income guidance to $1.53–$1.87 billion (from $1.45–$2.00 billion); and lifted EPS outlook to $13.50–$16.50 (from $12.50–$17.50).The Market Lifts First Solar, Inc. (NASDAQ:FSLR) Shares 39% But It Can Do More
May 19First Solar: Very Cheap And Industry Outlook Is Still Solid
Apr 25First Solar: Made In America, High Growth, And Dirt Cheap
Apr 15First Solar: Limited Impact Of IRA Overhang, Focus On Healthy Balance Sheet
Mar 24First Solar Q4: Policy Uncertainty Creates A Rare Value Opportunity
Mar 07First Solar: Radiating Quality Following Robust 2025 Guidance
Feb 26First Solar Stock: Deep Analysis Reveals Solar's Geopolitical Importance
Feb 19First Solar: Don't Let This Buying Opportunity Go To Waste
Jan 24First Solar Shines Through Cloudy Market
Jan 14First Solar Could Be Well Poised As A Future Leader In Renewable Energy
Dec 20First Solar: Quick Gains Likely Behind Us - Slow & Steady Ahead
Dec 07First Solar: Dominant Market Position
Nov 19First Solar Q3: Set Your Sights On 2025 And 2026
Nov 04First Solar Q3 Preview: Robust Growth And Strategic Expansions
Oct 26First Solar: Expected To Thrive Regardless Of The 2024 Election Results (Reiterate Buy)
Oct 07Growing Revenue, Improving Margins Combine For A Boom Time For First Solar
Sep 16First Solar: Growth Outlook Continues To Shine
Sep 05Shareholder Returns
| FSLR | US Semiconductor | US Market | |
|---|---|---|---|
| 7D | 7.2% | -0.8% | 0.9% |
| 1Y | 66.5% | 110.0% | 28.2% |
Return vs Industry: FSLR underperformed the US Semiconductor industry which returned 110% over the past year.
Return vs Market: FSLR exceeded the US Market which returned 28.2% over the past year.
Price Volatility
| FSLR volatility | |
|---|---|
| FSLR Average Weekly Movement | 7.2% |
| Semiconductor Industry Average Movement | 10.5% |
| Market Average Movement | 7.1% |
| 10% most volatile stocks in US Market | 16.2% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: FSLR has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: FSLR's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1999 | 7,900 | Mark Widmar | www.firstsolar.com |
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.
First Solar, Inc. Fundamentals Summary
| FSLR fundamental statistics | |
|---|---|
| Market cap | US$22.75b |
| Earnings (TTM) | US$1.67b |
| Revenue (TTM) | US$5.42b |
13.7x
P/E Ratio4.2x
P/S RatioIs FSLR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FSLR income statement (TTM) | |
|---|---|
| Revenue | US$5.42b |
| Cost of Revenue | US$3.16b |
| Gross Profit | US$2.26b |
| Other Expenses | US$596.75m |
| Earnings | US$1.67b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 15.50 |
| Gross Margin | 41.74% |
| Net Profit Margin | 30.73% |
| Debt/Equity Ratio | 4.3% |
How did FSLR perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/04 15:23 |
| End of Day Share Price | 2026/05/01 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
First Solar, Inc. is covered by 67 analysts. 31 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| James Fontanelli | Arete Research Services LLP |
| null null | Argus Research Company |
| Benjamin Kallo | Baird |