First Solar

First Solar (FSLR) Stock Price, Fundamentals & Analysis

StockUSS&P 500Information Technology

Price

191.97 USD

-4.39%

Price history

Over the past year FSLR traded between 184.7 USD and 318.25 USD, closing at 191.97 USD on Sep 24, 2026.

Key statistics

Market cap20.63B USD
P/E ratio (TTM)11.8
Forward P/E8.3
EPS (TTM)16.22 USD
Dividend yield0%
Annual dividend0 USD
Payout ratio0%
52-week range182.99 – 320.95
52-week change-8.4%
Beta1.73
Price / book2
Revenue (TTM)5.38B USD
Revenue growth (YoY)-3.7%
Gross margin44%
Operating margin42.6%
Profit margin32.5%
Return on equity18.5%
Debt / equity1.9
Volume2,102,391
Average volume2,135,974
Next earningsOct 29, 2026
ExchangeNasdaqGS

Profile

Sector
Technology
Industry
Solar
Employees
7,900
Headquarters
Phoenix, United States

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, Arizona.

Overview

What FSLR does

First Solar (FSLR) is a solar technology company that designs, manufactures, and sells photovoltaic (PV) solar modules and systems. It uses both thin-film semiconductor technology and cadmium telluride (CdTe) solar modules to convert sunlight into electricity. The company serves system developers, independent power producers, utilities, commercial and industrial customers, and large corporate energy buyers across the United States, France, India, Chile, and other international markets. First Solar is part of the S&P 500 and operates in the Technology sector under the Solar industry.

Key numbers explained

  • 191.97 USD — the current share price, the amount you would pay for one share at this moment.
  • 11.8 trailing P/E ratio — the share price divided by the last 12 months of earnings per share; a lower number can suggest the stock is cheaper relative to its recent earnings.
  • 8.3 forward P/E ratio — the share price divided by expected future earnings; it reflects what the market is pricing in for growth.
  • 16.22 USD earnings per share, trailing 12 months — the portion of the company's profit allocated to each outstanding share.
  • 0% dividend yield — the annual dividend payment as a percentage of the share price; here it means First Solar does not currently pay a dividend.
  • 0% share of earnings paid out as dividends — none of the trailing 12-month earnings are distributed to shareholders as dividends.
  • 1.73 beta — a measure of volatility relative to the overall market; a beta above 1 means the stock tends to move more than the market.
  • 182.99 – 320.95 52-week price range — the lowest and highest prices the stock has traded at over the past year.
  • 20.63 mld. USD market capitalisation — the total value of all outstanding shares, calculated as share price times shares outstanding.
  • 32.5% profit margin — the percentage of revenue that remains as net profit after all expenses.
  • 42.6% operating margin — the percentage of revenue left after covering operating costs, before interest and taxes.
  • 18.5% return on equity — how much profit the company generates with the money shareholders have invested.
  • 1.9 debt-to-equity ratio — the company's total debt compared to its shareholders' equity; a higher number indicates more leverage.
  • 2 price-to-book — the share price relative to the company's book value per share.
  • -4.39% price change today — the share price has fallen by this percentage so far in the current trading session.
  • -8.4% price change over the last 52 weeks — the stock is down this percentage compared with one year ago.
  • -3.7% revenue growth year over year — trailing 12-month revenue has declined by this percentage compared with the prior year.

Recent news

Recent headlines show analysts adjusting their outlook on First Solar, with Baird lowering its price target while maintaining an Outperform rating. Other articles discuss whether the stock is still trading below fair value after a strong run, and note that FSLR moved alongside peers like Enphase Energy and Sunrun when solar selling resumed. One piece also reports that First Solar's CTO sold a small number of shares.

What to watch

Investors in First Solar typically monitor solar industry demand, policy changes affecting renewable energy incentives, and module pricing trends. The company's manufacturing scale and international project pipeline can affect revenue growth, while its debt levels and capital allocation decisions influence financial risk. Broader market conditions, interest rates, and competition from other Solar and Technology names also play a role.

Latest news & filings

Frequently asked questions

Does FSLR pay a dividend?

No. First Solar currently has a dividend yield of 0% and pays out 0% of its earnings as dividends.

What is the FSLR P/E ratio?

The trailing P/E ratio is 11.8, and the forward P/E ratio based on expected earnings is 8.3.

Where can I buy FSLR?

FSLR trades on US markets. You can buy it through any brokerage that offers access to US stocks.

What does First Solar do?

First Solar designs, manufactures, and sells photovoltaic solar modules and systems for utilities, commercial customers, and other energy buyers.

How big is First Solar?

The company has a market capitalisation of 20.63 billion USD and employs 7,900 people.

What is First Solar's beta?

The beta is 1.73, meaning the stock tends to be more volatile than the overall market.

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Data as of Sep 23, 2026. Sources: Yahoo Finance, Bucharest Stock Exchange.

For information and education only — not investment advice. Prices may be delayed. The overview is generated with AI from the data shown on this page.