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First Solar, Inc.

$202.34 -$72.00 (-26.24%)
NASDAQ · 15 Sep 2026 20:00 UTC
Previous Close
$207.04
Day Range
$202.19$210.3
Year Range
$182.99$320.95
Market Cap
21.75B
AVG Volume
2.37M
Trailing/Forward PE
12.44/8.64
PEG ratio
0.36
Dividend Yield
-
Next Earnings Date
2026-10-29
Primary Exchange
NASDAQUS
Revenue (USD)
02B4B6B2016201720182019202020212022202320242025
FSLR Revenue (USD) by year
PeriodRevenue (USD)
20255.22B
20244.21B
20233.32B
20222.62B
20212.92B
20202.71B
20193.06B
20182.24B
20172.94B
20162.9B
Net Income (USD)
-500M0500M1B1.5B2B2016201720182019202020212022202320242025
FSLR Net Income (USD) by year
PeriodNet Income (USD)
20251.53B
20241.29B
2023830.78M
2022-44.17M
2021468.69M
2020398.36M
2019-114.93M
2018144.33M
2017-165.62M
2016-416.11M
Operating Income (USD)
-1B01B2B2016201720182019202020212022202320242025
FSLR Operating Income (USD) by year
PeriodOperating Income (USD)
20251.6B
20241.39B
2023857.27M
2022-27.24M
2021586.75M
2020317.49M
2019-161.78M
201840.11M
2017177.85M
2016-568.15M
EBITDA (USD)
-1B01B2B3B2016201720182019202020212022202320242025
FSLR EBITDA (USD) by year
PeriodEBITDA (USD)
20252.15B
20241.87B
20231.21B
2022290.55M
2021845.17M
2020550.15M
2019112.41M
2018269.8M
2017343.19M
2016-148.32M
Cash Flows (USD)
-2B-1B01B2B2016201720182019202020212022202320242025
FSLR Cash Flows (USD) by year
PeriodCash Flows (USD)
20251.19B
2024-308.08M
2023-784.51M
2022-30.24M
2021-302.73M
2020-379.51M
2019-494.52M
2018-1.07B
2017826.32M
2016-22.7M
EPS (USD)
-50510152016201720182019202020212022202320242025
FSLR EPS (USD) by year
PeriodEPS (USD)
202514.21
202412.01
20237.74
2022-0.42
20214.38
20203.73
2019-1.09
20181.35
2017-1.6
2016-3.88
Expenses (USD)
0500M1B1.5B2BR&DSG&ACapex2016201720182019202020212022202320242025
FSLR Expenses (USD) by year
PeriodExpenses (USD)
20251.31B
20241.91B
20231.74B
20221.18B
2021809.73M
2020733.29M
2019970.8M
20181B
2017805.63M
2016616.21M
Cash & Debt (USD)
01B2B3BCashLong Term DebtShort Term Debt2016201720182019202020212022202320242025
FSLR Cash & Debt (USD) by year
PeriodCash & Debt (USD)
20252.86B
20241.79B
20232.1B
20222.58B
20211.83B
20201.75B
20192.16B
20182.55B
20172.99B
20161.96B
Debt ratios
-3-2-1020182019202020212022202320242025
FSLR Debt ratios by year
PeriodDebt ratios
2025-0.43
2024-0.25
2023-0.51
2022-1.3
2021-0.8
2020-0.99
2019-2.72
2018-1.54
Margins
0%20%40%60%2016201720182019202020212022202320242025
FSLR Margins by year
PeriodMargins
202540.62%
202444.17%
202339.19%
20222.67%
202124.97%
202025.1%
201917.93%
201817.48%
201718.66%
201621.98%
Return on Capital
-10%0%10%20%2016201720182019202020212022202320242025
FSLR Return on Capital by year
PeriodReturn on Capital
202516.02%
202416.2%
202312.42%
2022-0.76%
20217.86%
20207.22%
2019-2.26%
20182.77%
2017-3.25%
2016-7.98%
Shares Outstanding
050M100M150M2016201720182019202020212022202320242025
FSLR Shares Outstanding by year
PeriodShares Outstanding
2025107.31M
2024107.06M
2023106.84M
2022106.61M
2021106.33M
2020105.98M
2019105.42M
2018104.84M
2017104.45M
2016103.84M
Book Value Per Share (USD)
02550751002016201720182019202020212022202320242025
FSLR Book Value Per Share (USD) by year
PeriodBook Value Per Share (USD)
202588.88
202474.52
202362.59
202254.74
202156.05
202052.1
201948.34
201849.72
201748.82
201650.2
Total Assets (USD)
05B10B15B2016201720182019202020212022202320242025
FSLR Total Assets (USD) by year
PeriodTotal Assets (USD)
202513.32B
202412.12B
202310.37B
20228.25B
20217.41B
20207.11B
20197.52B
20187.12B
20176.86B
20166.87B
Employee Count
02.5K5K7.5K10K2016201720182019202020212022202320242025
FSLR Employee Count by year
PeriodEmployee Count
20257.9K
20248.1K
20236.7K
20225.5K
20214.8K
20205.1K
20196.6K
20186.4K
20174.1K
20165.4K
PE Ratio
10152025med 15.53Dec 24Apr 25Jul 25Nov 25Feb 26Jun 26Sep 26
FSLR PE Ratio by year
PeriodPE Ratio
Sep 2612.45
Sep 2612.87
Sep 2612.58
Aug 2612.58
Aug 2613.19
Aug 2613.88
Aug 2615.39
Jul 2612.99
Jul 2613.07
Jul 2613.67
Jul 2614.69
Jul 2614.48
Jun 2615.41
Jun 2616.61
Jun 2617.23
Jun 2617.99
May 2619.78
May 2616.62
May 2615.04
May 2614.18
May 2613.65
Apr 2613.61
Apr 2613.37
Apr 2614.29
Apr 2613.71
Mar 2613.36
Mar 2613.54
Mar 2613.77
Mar 2613.29
Feb 2613.85
Feb 2618.53
Feb 2617.28
Feb 2616.75
Jan 2617.27
Jan 2618.55
Jan 2618.67
Jan 2618.28
Jan 2621.01
Dec 2520.66
Dec 2520.45
Dec 2519.52
Dec 2519.73
Nov 2520.9
Nov 2519.14
Nov 2519.38
Nov 2520.5
Oct 2520.45
Oct 2520.59
Oct 2519.77
Oct 2519.27
Oct 2519.63
Sep 2518.76
Sep 2518.12
Sep 2517.2
Sep 2517.5
Aug 2516.65
Aug 2517.25
Aug 2517.05
Aug 2515.75
Aug 2515.69
Jul 2515.69
Jul 2514.89
Jul 2513.76
Jul 2515.67
Jun 2512.88
Jun 2512.28
Jun 2514.84
Jun 2514.09
May 2513.39
May 2513.41
May 2515.11
May 2511.91
May 2511.05
Apr 2511.75
Apr 2510.6
Apr 2510.43
Apr 2510.66
Mar 2510.55
Mar 2510.88
Mar 2510.98
Mar 2511.53
Feb 2511.28
Feb 2513.33
Feb 2513.7
Feb 2514.44
Jan 2514.37
Jan 2514.43
Jan 2516.54
Jan 2516.23
Jan 2515.99
Dec 2415.66
Dec 2415.64
Dec 2417.12
Dec 2416.65
Nov 2417.09
Nov 2415.96
Nov 2416.33
Nov 2416.63
Nov 2417.58
Oct 2417.65
Free Cash Flow Yield
-10%-5%0%5%10%med -2.09%Dec 24Apr 25Jul 25Nov 25Feb 26Jun 26Sep 26
FSLR Free Cash Flow Yield by year
PeriodFree Cash Flow Yield
Sep 266.9%
Sep 266.68%
Sep 266.83%
Aug 266.83%
Aug 266.51%
Aug 266.19%
Aug 265.58%
Jul 266.61%
Jul 267.66%
Jul 267.33%
Jul 266.82%
Jul 266.92%
Jun 266.5%
Jun 266.03%
Jun 265.81%
Jun 265.57%
May 265.06%
May 266.02%
May 266.66%
May 267.06%
May 267.34%
Apr 265.71%
Apr 265.81%
Apr 265.44%
Apr 265.66%
Mar 265.81%
Mar 265.74%
Mar 265.64%
Mar 265.85%
Feb 265.61%
Feb 262.37%
Feb 262.54%
Feb 262.62%
Jan 262.54%
Jan 262.37%
Jan 262.35%
Jan 262.4%
Jan 262.09%
Dec 252.12%
Dec 252.15%
Dec 252.25%
Dec 252.22%
Nov 252.1%
Nov 252.29%
Nov 252.26%
Nov 252.14%
Oct 252.15%
Oct 25-3.64%
Oct 25-3.79%
Oct 25-3.89%
Oct 25-3.82%
Sep 25-4%
Sep 25-4.14%
Sep 25-4.36%
Sep 25-4.28%
Aug 25-4.5%
Aug 25-4.35%
Aug 25-4.4%
Aug 25-4.76%
Aug 25-4.78%
Jul 25-4.92%
Jul 25-5.18%
Jul 25-5.61%
Jul 25-4.93%
Jun 25-5.99%
Jun 25-6.29%
Jun 25-5.2%
Jun 25-5.48%
May 25-5.77%
May 25-5.75%
May 25-5.11%
May 25-6.48%
May 25-6.98%
Apr 25-2.03%
Apr 25-2.25%
Apr 25-2.29%
Apr 25-2.24%
Mar 25-2.26%
Mar 25-2.19%
Mar 25-2.17%
Mar 25-2.07%
Feb 25-2.11%
Feb 25-3.55%
Feb 25-3.46%
Feb 25-3.28%
Jan 25-3.3%
Jan 25-3.28%
Jan 25-2.86%
Jan 25-2.92%
Jan 25-2.96%
Dec 24-3.02%
Dec 24-3.03%
Dec 24-2.77%
Dec 24-2.84%
Nov 24-2.77%
Nov 24-2.97%
Nov 24-2.9%
Nov 24-2.85%
Nov 24-2.7%
Oct 24-1.06%
Price to Sales
34567med 4.66Dec 24Apr 25Jul 25Nov 25Feb 26Jun 26Sep 26
FSLR Price to Sales by year
PeriodPrice to Sales
Sep 264.04
Sep 264.18
Sep 264.09
Aug 264.09
Aug 264.28
Aug 264.51
Aug 265
Jul 264.22
Jul 264.02
Jul 264.2
Jul 264.51
Jul 264.45
Jun 264.74
Jun 265.11
Jun 265.3
Jun 265.53
May 266.08
May 265.11
May 264.62
May 264.36
May 264.19
Apr 263.98
Apr 263.92
Apr 264.18
Apr 264.02
Mar 263.91
Mar 263.96
Mar 264.03
Mar 263.89
Feb 264.05
Feb 265.14
Feb 264.79
Feb 264.65
Jan 264.79
Jan 265.14
Jan 265.18
Jan 265.07
Jan 265.83
Dec 255.73
Dec 255.67
Dec 255.41
Dec 255.47
Nov 255.8
Nov 255.31
Nov 255.37
Nov 255.68
Oct 255.67
Oct 255.96
Oct 255.72
Oct 255.58
Oct 255.68
Sep 255.43
Sep 255.25
Sep 254.98
Sep 255.07
Aug 254.82
Aug 254.99
Aug 254.94
Aug 254.56
Aug 254.54
Jul 254.66
Jul 254.43
Jul 254.09
Jul 254.66
Jun 253.83
Jun 253.65
Jun 254.41
Jun 254.19
May 253.98
May 253.99
May 254.49
May 253.54
May 253.29
Apr 253.61
Apr 253.26
Apr 253.21
Apr 253.28
Mar 253.24
Mar 253.34
Mar 253.37
Mar 253.54
Feb 253.47
Feb 254.32
Feb 254.44
Feb 254.68
Jan 254.66
Jan 254.68
Jan 255.36
Jan 255.26
Jan 255.18
Dec 245.08
Dec 245.07
Dec 245.55
Dec 245.4
Nov 245.54
Nov 245.17
Nov 245.29
Nov 245.39
Nov 245.7
Oct 245.64
EV/EBITDA
68101214med 10.44Dec 24Apr 25Jul 25Nov 25Feb 26Jun 26Sep 26
FSLR EV/EBITDA by year
PeriodEV/EBITDA
Sep 268.28
Sep 268.58
Sep 268.38
Aug 268.38
Aug 268.81
Aug 269.31
Aug 2610.38
Jul 268.67
Jul 268.55
Jul 268.98
Jul 269.71
Jul 269.56
Jun 2610.23
Jun 2611.1
Jun 2611.55
Jun 2612.09
May 2613.38
May 2611.11
May 269.97
May 269.35
May 268.96
Apr 268.56
Apr 268.39
Apr 269.04
Apr 268.64
Mar 268.38
Mar 268.51
Mar 268.67
Mar 268.33
Feb 268.73
Feb 2612.2
Feb 2611.34
Feb 2610.98
Jan 2611.34
Jan 2612.21
Jan 2612.3
Jan 2612.03
Jan 2613.91
Dec 2513.67
Dec 2513.52
Dec 2512.88
Dec 2513.03
Nov 2513.84
Nov 2512.62
Nov 2512.79
Nov 2513.56
Oct 2513.52
Oct 2513.83
Oct 2513.28
Oct 2512.94
Oct 2513.18
Sep 2512.6
Sep 2512.17
Sep 2511.55
Sep 2511.75
Aug 2511.18
Aug 2511.58
Aug 2511.45
Aug 2510.57
Aug 2510.53
Jul 2510.51
Jul 259.96
Jul 259.19
Jul 2510.49
Jun 258.6
Jun 258.19
Jun 259.92
Jun 259.42
May 258.94
May 258.96
May 2510.11
May 257.94
May 257.36
Apr 257.55
Apr 256.76
Apr 256.64
Apr 256.8
Mar 256.72
Mar 256.95
Mar 257.02
Mar 257.4
Feb 257.23
Feb 259.12
Feb 259.39
Feb 259.91
Jan 259.86
Jan 259.9
Jan 2511.4
Jan 2511.18
Jan 2511.01
Dec 2410.78
Dec 2410.76
Dec 2411.81
Dec 2411.48
Nov 2411.79
Nov 2410.99
Nov 2411.25
Nov 2411.47
Nov 2412.13
Oct 2411.94
Price/Operating Cashflow
020406080100med 17.09Dec 24Apr 25Jul 25Nov 25Feb 26Jun 26Sep 26
FSLR Price/Operating Cashflow by year
PeriodPrice/Operating Cashflow
Sep 2610.09
Sep 2610.42
Sep 2610.19
Aug 2610.19
Aug 2610.68
Aug 2611.24
Aug 2612.46
Jul 2610.52
Jul 268.89
Jul 269.29
Jul 269.98
Jul 269.84
Jun 2610.47
Jun 2611.29
Jun 2611.71
Jun 2612.22
May 2613.44
May 2611.3
May 2610.22
May 269.64
May 269.28
Apr 2610.11
Apr 269.93
Apr 2610.61
Apr 2610.19
Mar 269.93
Mar 2610.06
Mar 2610.23
Mar 269.87
Feb 2610.29
Feb 2615.95
Feb 2614.88
Feb 2614.43
Jan 2614.88
Jan 2615.97
Jan 2616.08
Jan 2615.74
Jan 2618.1
Dec 2517.79
Dec 2517.61
Dec 2516.81
Dec 2516.99
Nov 2518
Nov 2516.48
Nov 2516.69
Nov 2517.65
Oct 2517.61
Oct 2586.63
Oct 2583.2
Oct 2581.07
Oct 2582.58
Sep 2578.95
Sep 2576.25
Sep 2572.38
Sep 2573.61
Aug 2570.04
Aug 2572.59
Aug 2571.75
Aug 2566.26
Aug 2566.02
Jul 2558
Jul 2555.03
Jul 2550.84
Jul 2557.91
Jun 2547.61
Jun 2545.38
Jun 2554.83
Jun 2552.06
May 2549.47
May 2549.57
May 2555.85
May 2544.03
May 2540.85
Apr 2512.47
Apr 2511.25
Apr 2511.07
Apr 2511.31
Mar 2511.19
Mar 2511.54
Mar 2511.65
Mar 2512.23
Feb 2511.97
Feb 2517.19
Feb 2517.67
Feb 2518.61
Jan 2518.52
Jan 2518.6
Jan 2521.33
Jan 2520.93
Jan 2520.61
Dec 2420.19
Dec 2420.17
Dec 2422.08
Dec 2421.47
Nov 2422.03
Nov 2420.57
Nov 2421.06
Nov 2421.44
Nov 2422.66
Oct 2417.89
Price to Book
1.522.533.5med 2.44Dec 24Apr 25Jul 25Nov 25Feb 26Jun 26Sep 26
FSLR Price to Book by year
PeriodPrice to Book
Sep 262.11
Sep 262.18
Sep 262.13
Aug 262.13
Aug 262.23
Aug 262.35
Aug 262.6
Jul 262.2
Jul 262.2
Jul 262.3
Jul 262.48
Jul 262.44
Jun 262.6
Jun 262.8
Jun 262.9
Jun 263.03
May 263.33
May 262.8
May 262.54
May 262.39
May 262.3
Apr 262.18
Apr 262.14
Apr 262.29
Apr 262.2
Mar 262.14
Mar 262.17
Mar 262.21
Mar 262.13
Feb 262.22
Feb 262.88
Feb 262.68
Feb 262.6
Jan 262.68
Jan 262.88
Jan 262.9
Jan 262.84
Jan 263.26
Dec 253.21
Dec 253.18
Dec 253.03
Dec 253.07
Nov 253.25
Nov 252.97
Nov 253.01
Nov 253.18
Oct 253.18
Oct 253.03
Oct 252.91
Oct 252.83
Oct 252.89
Sep 252.76
Sep 252.67
Sep 252.53
Sep 252.57
Aug 252.45
Aug 252.54
Aug 252.51
Aug 252.32
Aug 252.31
Jul 252.42
Jul 252.3
Jul 252.13
Jul 252.42
Jun 251.99
Jun 251.9
Jun 252.29
Jun 252.18
May 252.07
May 252.07
May 252.33
May 251.84
May 251.71
Apr 251.9
Apr 251.72
Apr 251.69
Apr 251.73
Mar 251.71
Mar 251.76
Mar 251.78
Mar 251.87
Feb 251.83
Feb 252.19
Feb 252.25
Feb 252.37
Jan 252.36
Jan 252.37
Jan 252.72
Jan 252.67
Jan 252.63
Dec 242.57
Dec 242.57
Dec 242.81
Dec 242.74
Nov 242.81
Nov 242.62
Nov 242.68
Nov 242.73
Nov 242.89
Oct 242.93
First Solar, Inc.
FSLR
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News: FSLR

First Solar Recalibrates TOPCon IP Enforcement Strategy Following Section 232 Action

gurufocus.com · 15 Sep 2026

First Solar Recalibrates TOPCon IP Enforcement Strategy Following Section 232 Action

First Solar, Inc. (Nasdaq: FSLR) ("First Solar" or "the Company") today announced a recalibration of its intellectual property (IP) enforcement strategy and its

First Solar Recalibrates TOPCon IP Enforcement Strategy Following Section 232 Action

businesswire.com · 15 Sep 2026

First Solar Recalibrates TOPCon IP Enforcement Strategy Following Section 232 Action

PHOENIX--(BUSINESS WIRE)-- #AmericanSolar--First Solar, Inc. (Nasdaq: FSLR) ("First Solar" or "the Company") today announced a recalibration of its intellectual property (IP) enforcement strategy and its intent to voluntarily withdraw its Section 337 complaint and move to terminate the investigation currently pending before the US International Trade Commission (USITC) without prejudice to refiling at a later date. The Company will continue pursuing its existing TOPCon patent lawsuits in US District Court, incl.

Comparing Magnachip Semiconductor (NYSE:MX) and First Solar (NASDAQ:FSLR)

defenseworld.net · 14 Sep 2026

Comparing Magnachip Semiconductor (NYSE:MX) and First Solar (NASDAQ:FSLR)

First Solar (NASDAQ: FSLR - Get Free Report) and Magnachip Semiconductor (NYSE: MX - Get Free Report) are both technology companies, but which is the better investment? We will compare the two businesses based on the strength of their earnings, risk, analyst recommendations, institutional ownership, dividends, valuation and profitability. Analyst Recommendations This is a summary of current

First Solar (FSLR) Gains As Market Dips: What You Should Know

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First Solar (FSLR) Gains As Market Dips: What You Should Know

First Solar (FSLR) closed the most recent trading day at $207.17, moving +2% from the previous trading session.

Renewable-energy mandates are actually bad for consumers. They're not great for solar stocks, either.

marketwatch.com · 10 Sep 2026

Renewable-energy mandates are actually bad for consumers. They're not great for solar stocks, either.

Renewable-energy mandates in blue states are a major driver of higher electricity bills, adding directly to the cost-of-living problem.

Better Energy ETF: First Trust's EMLP Targeting Fossil Fuels vs. the iShares Clean Energy-Focused ICLN

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Better Energy ETF: First Trust's EMLP Targeting Fossil Fuels vs. the iShares Clean Energy-Focused ICLN

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Which Solar Stock Has Dominated in 2026: SolarEdge, Enphase Energy, or First Solar?

247wallst.com · 7 Sep 2026

Which Solar Stock Has Dominated in 2026: SolarEdge, Enphase Energy, or First Solar?

Three of solar's biggest names traded in completely different directions in 2026, and the one posting the worst losses also happens to be the most profitable of the group.

First Solar: Noise Down, Stock Up

seekingalpha.com · 6 Sep 2026

First Solar: Noise Down, Stock Up

Despite reiterated guidance and positive policy moves, First Solar (FSLR) has underperformed, lagging the S&P 500 since February. Ex-45X valuation is reasonable, with EV/EBITDA in the range of 20x-25x, while both revenue and margins are set for sharp improvement. Regulatory and political uncertainty has diminished, allowing market focus to return to FSLR's core business fundamentals.

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