First Solar (FSLR) Stock Price, Fundamentals & Analysis
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 cap | 20.63B USD |
|---|---|
| P/E ratio (TTM) | 11.8 |
| Forward P/E | 8.3 |
| EPS (TTM) | 16.22 USD |
| Dividend yield | 0% |
| Annual dividend | 0 USD |
| Payout ratio | 0% |
| 52-week range | 182.99 – 320.95 |
| 52-week change | -8.4% |
| Beta | 1.73 |
| Price / book | 2 |
| Revenue (TTM) | 5.38B USD |
| Revenue growth (YoY) | -3.7% |
| Gross margin | 44% |
| Operating margin | 42.6% |
| Profit margin | 32.5% |
| Return on equity | 18.5% |
| Debt / equity | 1.9 |
| Volume | 2,102,391 |
| Average volume | 2,135,974 |
| Next earnings | Oct 29, 2026 |
| Exchange | NasdaqGS |
Profile
- Sector
- Technology
- Industry
- Solar
- Employees
- 7,900
- Headquarters
- Phoenix, United States
- Website
- 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. 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
- Baird Adjusts Price Target on First Solar to $290 From $318, Maintains Outperform Rating
MT Newswires · Sep 22, 2026
- First Solar (FSLR) Stock Still Looks Below Fair Value Following Its 115% Run
Simply Wall St. · Sep 19, 2026
- Is First Solar Stock Underperforming the Nasdaq?
Barchart · Sep 18, 2026
- Enphase Energy Drops 5% as Solar Selling Resumes; First Solar and Sunrun Fall 4%
24/7 Wall St. · Sep 18, 2026
- First Solar CTO Markus Gloeckler Sells 800 Shares for $160,000
Motley Fool · Sep 18, 2026
- First Solar (FSLR) Slides On Mixed Expectations, Is It Still 26% Below Fair Value?
Simply Wall St. · Sep 18, 2026
- Sunrun and First Solar Rise 6% as Solar Selloff Unwinds; SolarEdge Climbs 4%
24/7 Wall St. · Sep 17, 2026
- 2 Cash-Producing Stocks to Consider Right Now and 1 We Question
StockStory · Sep 17, 2026
- First Solar (FSLR) Declines More Than Market: Some Information for Investors
Zacks · Sep 16, 2026
- First Solar Retreats 5% After Dropping ITC Patent Case It Calls Procedural; Enphase Energy Slips, Sunrun Holds Steady
24/7 Wall St. · Sep 16, 2026
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.
Related
More on FSLR
Track FSLR in your portfolio
Hold FSLR at XTB, IBKR, Tradeville, Revolut or Trading 212? InvestPane brings every broker into one dashboard — allocation, performance and dividends in one place.
Start free