First Solar, Inc. — FSLR
| Close Price | Market Cap | P/E Ratio | Forward P/E Ratio | Implied Growth* | Implied Forward Growth* | Dividend | P/B Ratio |
|---|---|---|---|---|---|---|---|
| $197.20 | $21.16B | 15.1 | 7.7 | 8.2% | 1.3% | - | 2.2 |
Latest Headlines
- · S&P 500 Weekly Decline Contributes to February Drop as Tech Weighs
- · First Solar (FSLR) Falls Following Disappointing Guidance for Q1 2026
- · India’s Solar Manufacturers Slapped With 126% U.S. Tariff
- · Sector Update: Energy Stocks Advance Late Afternoon
- · First Solar vs. Enphase Energy: Which Solar Stock Shines Now?
- · Spotify upgraded, First Solar downgraded: Wall Street's top analyst calls
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 | 2026-02-27 21:57:46 | 7.8% | 17.7% | 17.3% |
| 2 | 2022-12-31 | $2,619M | $-44M | $-0.41 | 2026-02-27 21:57:46 | -10.4% | -109.4% | -109.3% |
| 3 | 2023-12-31 | $3,319M | $831M | $7.78 | 2026-02-27 21:57:46 | 26.7% | -1981.0% | -1997.6% |
| 4 | 2024-12-31 | $4,206M | $1,292M | $12.07 | 2026-02-27 21:57:46 | 26.7% | 55.5% | 55.1% |
| 5 | TTM 2025-09-30 | $5,051M | $1,400M | $13.03 | 2026-02-05 08:32:25 | 20.1% | 8.4% | 8.0% |
EPS
Forecasts
Y/Y % Change
FSLR Year-over-Year Growth
| 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | Average | |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth (%) | 7.8% | -10.4% | 26.7% | 26.7% | 20.5% | 24.5% | 16.0% | |
| Revenue Analysts (#) | 0 | 0 | 0 | 0 | 0 | 8 | 8 | |
| EPS Growth (%) | 17.7% | -109.4% | -1981.0% | 55.5% | 79.2% | 29.7% | -318.0% | |
| EPS Analysts (#) | 0 | 0 | 0 | 0 | 0 | 9 | 9 |
Expenses
| Year | Revenue ($) | Cost of Revenue ($) | R&D ($) | SG&A ($) | Facilities / D&A ($) |
|---|---|---|---|---|---|
| 2021 | $2.9B | $1.9B | $99.1M | $170.3M | $259.9M |
| 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 |
| TTM | $5.1B | $2.5B | $214.0M | $202.7M | $513.0M |
| Year | Revenue Change (%) | Cost of Revenue Change (%) | R&D Change (%) | SG&A Change (%) | Facilities / D&A Change (%) |
|---|---|---|---|---|---|
| 2022 | -10.40 | 17.91 | 13.81 | -3.29 | 3.78 |
| 2023 | 26.70 | -24.99 | 35.02 | 19.97 | 14.19 |
| 2024 | 26.75 | 12.57 | 25.65 | -4.74 | 37.50 |
| TTM | 20.07 | 30.65 | 11.81 | 7.65 | 21.13 |
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 |
|---|---|---|---|---|---|---|
| $197.20 | 4.0% | Nicks Growth: 12% Nick's Expected Margin: 25% FINVIZ Growth: 28% |
Nicks: 22 Finviz: 88 |
Nick's: 5.416 | 4.2 | 15.1 |
| Basis | Year | Nicks Valuation | Nicks vs Share Price | Finviz Valuation | Finviz vs Share Price |
|---|---|---|---|---|---|
| $13.03 EPS | TTM | $282.30 | 43.2% | $1151.68 | 484.0% |
| $21.58 EPS | 2026 | $467.54 | 137.1% | $1907.39 | 867.2% |
| $27.99 EPS | 2027 | $606.41 | 207.5% | $2473.95 | 1154.5% |
Implied Growth
| Average | Median | Std Dev | Current | Percentile | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | |
| Timeframe | ||||||||||
| 1 Year | 10.11% | 4.30% | 10.42% | 4.36% | 1.22% | 1.38% | 8.40% | 1.53% | 10.2% | 2.3% |
| 3 Years | 10.11% | 4.30% | 10.42% | 4.36% | 1.22% | 1.38% | 8.40% | 1.53% | 10.2% | 2.3% |
| 5 Years | 10.11% | 4.30% | 10.42% | 4.36% | 1.22% | 1.38% | 8.40% | 1.53% | 10.2% | 2.3% |
| 10 Years | 10.11% | 4.30% | 10.42% | 4.36% | 1.22% | 1.38% | 8.40% | 1.53% | 10.2% | 2.3% |