FSLR

First Solar Inc

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179.990

+1.66(0.931%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

181.050

Open

177.610

VWAP

178.45

Vol

1.94M

Mkt Cap

19.30B

Low

175.530

Amount

345.82M

EV/EBITDA(TTM)

10.14

Total Shares

107.04M

18.52B

EV/OCF(TTM)

54.12

P/S(TTM)

4.44

First Solar, Inc. is a photovoltaic (PV) solar technology and manufacturing company. It is focused on enabling power generation needs with its advanced, thin film PV technology. The Company's primary segment is its modules business, which involves the design, manufacture, and sale of CdTe solar modules, which convert sunlight into electricity. Third-party customers of the segment include system developers, independent power producers, utilities, commercial and industrial companies, and other system owners and operators. The Company's products include the Series 7 Module and Series 6 Plus module. Its Series 6 Plus module is a glass laminate approximately 4ft x 6ft in size that encapsulates thin film PV semiconductor materials. Its Series 7 module has a larger form factor of approximately 4ft x 7ft in size. The Series 6 Plus and Series 7 modules had an average power output of 459 watts and 531 watts, respectively.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2025Q3

FY2025Q2

1.74B

+14.91%

5.760

+57.81%

1.39B

+56.12%

4.442

+52.65%

1.03B

+1.71%

2.819

-13.34%

Estimates Revision

The market is revising Downward the revenue expectations for First Solar, Inc. (FSLR) for FY2025, with the revenue forecasts being adjusted by -7.76% over the past three months. During the same period, the stock price has changed by 32.98%.

Revenue Estimates for FY2025

Revise Downward

-7.76%

In Past 3 Month

EPS Estimates for FY2025

Revise Downward

-18.17%

In Past 3 Month

Stock Price

Go Up

+32.98%

In Past 3 Month

26 Analyst Rating

17.06% Upside

Wall Street analysts forecast FSLR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FSLR is 210.69 USD with a low forecast of 164.62 USD and a high forecast of 275.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

23 Buy

3 Hold

0 Sell

Strong Buy

17.06% Upside

Current: 179.990

Low

164.62

Averages

210.69

High

275.00

17.06% Upside

Current: 179.990

Low

164.62

Averages

210.69

High

275.00

Susquehanna

Charles Minervino

Positive

maintain

$186 -> $203

2025-07-21

New

Reason

Susquehanna

Charles Minervino

Price Target

$186 -> $203

2025-07-21

New

maintain

Positive

Reason

Susquehanna analyst Charles Minervino raised the firm's price target on First Solar to $203 from $186 and keeps a Positive rating on the shares. The firm updated alternative energy estimates and targets ahead of the Q2 reports. Susquehanna remains cautious on the group due to uncertainty around tariffs and the repeal of subsidy provisions of the Inflation Reduction Act. Given policy and market headwinds, the firm likes companies with a domestic manufacturing presence and "robust backlogs" like First Solar (FSLR) and GE Vernova (GEV).

Jefferies

Julien Dumoulin-Smith

Buy

maintain

$192 -> $194

2025-07-15

Reason

Jefferies

Julien Dumoulin-Smith

Price Target

$192 -> $194

2025-07-15

maintain

Buy

Reason

Jefferies analyst Julien Dumoulin-Smith raised the firm's price target on First Solar to $194 from $192 and keeps a Buy rating on the shares. The firm sees a "bumpy" Q2 report, saying First Solar is one of the "most macro-entangled name within renewables." However, Jefferies expects clarity on the Inflation Reduction Act to drive up volumes in 2026.

Mizuho

Outperform

maintain

$275 -> $278

2025-07-14

Reason

Mizuho

Price Target

$275 -> $278

2025-07-14

maintain

Outperform

Reason

Mizuho raised the firm's price target on First Solar to $278 from $275 and keeps an Outperform rating on the shares. The firm says the One Big Beautiful Bill will shape the clean energy sector for years to come. The bill sunsets solar and wind tax credits faster and requires projects to start construction within the next year to get full tax credits, the analyst tells investors in a research note. Mizuho believes compliance might get tougher with new Treasury guidance expected within 45 days. Post the bill, Mizuho prefers domestic upstream manufacturers and residential leasing over utility solar developers and balance of system manufacturers.

Deutsche Bank

Corinne Blanchard

initiated

2025-07-10

Reason

Deutsche Bank

Corinne Blanchard

Price Target

2025-07-10

initiated

Reason

Deutsche Bank analyst Corinne Blanchard placed a "Catalyst Call: Buy" on shares of First Solar. The firm says "heightened uncertainty" on the Inflation Reduction Act has been clarified with the One Big Beautiful Bill. The 45x tax credits are remaining in place until year-end 2029, with a gradual phase-out until 2032, which is key positive First Solar, the analyst tells investors in a research note.

RBC Capital

Christopher Dendrinos

Outperform

maintain

$188 -> $200

2025-07-01

Reason

RBC Capital

Christopher Dendrinos

Price Target

$188 -> $200

2025-07-01

maintain

Outperform

Reason

RBC Capital analyst Christopher Dendrinos raised the firm's price target on First Solar to $200 from $188 and keeps an Outperform rating on the shares. The current version of One Big Beautiful Bill - OBBB - has positive implications for near term and potentially long term demand for First Solar as developers look to accelerate development ahead of the ITC termination and avoid potential excise tax penalty, the analyst tells investors in a research note.

Wells Fargo

Overweight

maintain

$177

2025-06-30

Reason

Wells Fargo

Price Target

$177

2025-06-30

maintain

Overweight

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for First Solar Inc (FSLR.O) is 10.32, compared to its 5-year average forward P/E of 0.11. For a more detailed relative valuation and DCF analysis to assess First Solar Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

0.11

Current PE

10.32

Overvalued PE

99.04

Undervalued PE

-98.82

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair

5Y Average EV/EBITDA

13.63

Current EV/EBITDA

7.81

Overvalued EV/EBITDA

20.74

Undervalued EV/EBITDA

6.52

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

3.83

Current PS

3.46

Overvalued PS

4.81

Undervalued PS

2.85

Financials

Annual

Quarterly

FY2025Q1

YoY :

+6.35%

844.57M

Total Revenue

FY2025Q1

YoY :

-8.59%

221.24M

Operating Profit

FY2025Q1

YoY :

-11.45%

209.54M

Net Income after Tax

FY2025Q1

YoY :

-11.36%

1.95

EPS - Diluted

FY2025Q1

YoY :

+458.52%

-813.95M

Free Cash Flow

FY2025Q1

YoY :

-6.40%

40.78

Gross Profit Margin - %

FY2025Q1

-22.94

FCF Margin - %

FY2025Q1

YoY :

-16.74%

24.81

Net Margin - %

FY2025Q1

YoY :

+4.99%

15.98

ROIC

Trading Trends

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

0-3

Months

3.8M

USD

3-6

Months

5.2M

USD

6-9

Months

0.0

USD

0-12

Months

2.7M

USD

Bought

0-3

0.0

USD

Months

3-6

0.0

USD

Months

6-9

0.0

USD

Months

0-12

0.0

USD

Months

Hedge Fund

Hedge Funds are Neutral. There are no significant trading trends over the last quarter.

Sold

0-3

Months

0.0

Volume

3-6

Months

234.8K

Volume

6-9

Months

541.5K

Volume

0-12

Months

0.0

Volume

Bought

0-3

0.0

Volume

Months

3-6

2.7M

Volume

Months

6-9

2.8M

Volume

Months

0-12

0.0

Volume

Months

Congress Trading

Congress are Neutral. There are no significant trading trends over the last month.

Sold

0-3

Months

0.0

USD

3-6

Months

32.0K

USD

6-9

Months

0.0

USD

0-12

Months

0.0

USD

Bought

0-3

0.0

USD

Months

3-6

0.0

USD

Months

6-9

0.0

USD

Months

0-12

0.0

USD

Months

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

0-3

Months

3.8M

USD

3-6

Months

5.2M

USD

6-9

Months

0.0

USD

0-12

Months

2.7M

USD

Bought

0-3

0.0

USD

Months

3-6

0.0

USD

Months

6-9

0.0

USD

Months

0-12

0.0

USD

Months

FSLR News & Events

Events Timeline

2025-07-15 (ET)

2025-07-15

09:55:01

Early notable gainers among liquid option names on July 15th

2025-07-09 (ET)

2025-07-09

09:08:09

First Solar, UbiQD establishes long-term quantum dot supply agreement

2025-07-08 (ET)

2025-07-08

08:59:43

AES, NextEra may be most impacted by new executive order, says Morgan Stanley

News

6.5

15:48 PMBenzinga

JPMorgan Picks 3 Top Stocks In Alternative Energy On Heels Of Trump's 'Big Beautiful Bill'

4.0

07-21Benzinga

Expert Outlook: First Solar Through The Eyes Of 21 Analysts

3.0

07-21MarketWatch

15 stocks of companies set to grow sales twice as fast as the S&P 500 — analysts love them

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FAQ

What is First Solar Inc (FSLR) stock price today?

The current price of FSLR is 179.99 USD — it has increased 0.93 % in the last trading day.

FSLR

Market Estimates

Valuation Metrics

Forward PE

Forward EV/EBITDA

Forward PS

Financials

Trading Trends

FSLR News & Events

Events Timeline

News

People Also Watch

FAQ

What is First Solar Inc (FSLR) stock price today?

What is First Solar Inc (FSLR)'s business?

What is the price predicton of FSLR Stock?

What is First Solar Inc (FSLR)'s revenue for the last quarter?

What is First Solar Inc (FSLR)'s earnings per share (EPS) for the last quarter?

What changes have occurred in the market's expectations for First Solar Inc (FSLR)'s fundamentals?

How many employees does First Solar Inc (FSLR). have?

What is First Solar Inc (FSLR) market cap?