First Solar, Inc. — FSLR
| Close Price | Market Cap | P/E Ratio | Forward P/E Ratio | Implied Growth* | Implied Forward Growth* | Dividend | P/B Ratio |
|---|---|---|---|---|---|---|---|
| $195.20 | $20.97B | 13.7 | 8.0 | 7.5% | 2.1% | - | 2.2 |
Latest Headlines
- · China Could Limit Solar Exports. How Sector Stocks Are Responding.
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- · Which Solar Stocks Are Rising And Falling As China Considers Export Ban?
- · First Solar (FSLR) Stock Declines While Market Improves: Some Information for Investors
- · First Solar's Q1 2026 Earnings: What to Expect
- · First Solar (FSLR) Price Target Trimmed Following Rising Logistics Costs
Revenue & Net Income
| Date | Revenue | Net_Income | EPS | Last_Updated | Revenue_Change | Net_Income_Change | EPS_Change | |
|---|---|---|---|---|---|---|---|---|
| 0 | 2020-12-31 | $2,711M | $398M | $3.76 | 2024-02-03 03:17:10 | N/A | N/A | N/A |
| 1 | 2021-12-31 | $2,923M | $469M | $4.41 | 2026-03-02 08:38:46 | 7.8% | 17.7% | 17.3% |
| 2 | 2022-12-31 | $2,619M | $-44M | $-0.41 | 2026-04-15 21:53:43 | -10.4% | -109.4% | -109.3% |
| 3 | 2023-12-31 | $3,319M | $831M | $7.78 | 2026-04-15 21:53:43 | 26.7% | -1981.0% | -1997.6% |
| 4 | 2024-12-31 | $4,206M | $1,292M | $12.07 | 2026-04-15 21:53:43 | 26.7% | 55.5% | 55.1% |
| 5 | 2025-12-31 | $5,219M | $1,528M | $14.25 | 2026-04-15 21:53:43 | 24.1% | 18.3% | 18.1% |
| 6 | TTM 2025-12-31 | $5,219M | $1,528M | $14.20 | 2026-03-03 08:33:49 | 0.0% | 0.0% | -0.4% |
EPS
Forecasts
Y/Y % Change
FSLR Year-over-Year Growth
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | Average | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue Growth (%) | 7.8% | -10.4% | 26.7% | 26.7% | 24.1% | -2.1% | 19.6% | 13.2% | |
| Revenue Analysts (#) | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 10 | |
| EPS Growth (%) | 17.7% | -109.4% | -1981.0% | 55.5% | 18.3% | 22.3% | 39.3% | -276.8% | |
| EPS Analysts (#) | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 10 |
Expenses
| Year | Revenue ($) | Cost of Revenue ($) | R&D ($) | SG&A ($) | Facilities / D&A ($) |
|---|---|---|---|---|---|
| 2022 | $2.6B | $2.3B | $112.8M | $164.7M | $269.7M |
| 2023 | $3.3B | $1.7B | $152.3M | $197.6M | $308.0M |
| 2024 | $4.2B | $1.9B | $191.4M | $188.3M | $423.5M |
| 2025 | $5.2B | $2.6B | $233.4M | $203.8M | $529.2M |
| TTM | $5.2B | $2.6B | $233.4M | $203.8M | $529.2M |
| Year | Revenue Change (%) | Cost of Revenue Change (%) | R&D Change (%) | SG&A Change (%) | Facilities / D&A Change (%) |
|---|---|---|---|---|---|
| 2023 | 26.70 | -24.99 | 35.02 | 19.97 | 14.19 |
| 2024 | 26.75 | 12.57 | 25.65 | -4.74 | 37.50 |
| 2025 | 24.09 | 33.50 | 21.97 | 8.23 | 24.96 |
| TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
No unmapped expenses.
Balance Sheet
| Metric | Value | |
|---|---|---|
| 0 | Total Assets | $13,459M |
| 1 | Cash | $1,992M |
| 2 | Total Liabilities | $4,444M |
| 3 | Total Debt | $892M |
| 4 | Total Equity | $9,015M |
| 5 | Debt to Equity Ratio | 0.10 |
EPS & Dividend
Valuation
| Share Price | Treasury Yield | Estimates | Fair Value (P/E) | Fair Value (P/S) | Current P/S | Current P/E |
|---|---|---|---|---|---|---|
| $195.20 | 4.3% | Nicks Growth: 12% Nick's Expected Margin: 25% FINVIZ Growth: 27% |
Nicks: 21 Finviz: 80 |
Nick's: 5.258 | 4.0 | 13.7 |
| Basis | Year | Nicks Valuation | Nicks vs Share Price | Finviz Valuation | Finviz vs Share Price |
|---|---|---|---|---|---|
| $14.20 EPS | TTM | $298.66 | 53.0% | $1132.64 | 480.2% |
| $17.40 EPS | 2026 | $365.96 | 87.5% | $1387.89 | 611.0% |
| $24.24 EPS | 2027 | $509.82 | 161.2% | $1933.47 | 890.5% |
Implied Growth
| Average | Median | Std Dev | Current | Percentile | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | |
| Timeframe | ||||||||||
| 1 Year | 9.70% | 3.91% | 9.87% | 3.92% | 1.46% | 1.55% | 7.77% | 2.34% | 18.2% | 23.0% |
| 3 Years | 9.70% | 3.91% | 9.87% | 3.92% | 1.46% | 1.55% | 7.77% | 2.34% | 18.2% | 23.0% |
| 5 Years | 9.70% | 3.91% | 9.87% | 3.92% | 1.46% | 1.55% | 7.77% | 2.34% | 18.2% | 23.0% |
| 10 Years | 9.70% | 3.91% | 9.87% | 3.92% | 1.46% | 1.55% | 7.77% | 2.34% | 18.2% | 23.0% |