How does FSLR *'s PE Ratio compare to its peers?

FSLR * is good value based on its Price-To-Earnings Ratio (16.1x) compared to the peer average (27.7x).

How does FSLR *'s PE Ratio compare vs other companies in the Global Semiconductor Industry?

FSLR * is good value based on its Price-To-Earnings Ratio (16.1x) compared to the Global Semiconductor industry average (30.9x).

What is FSLR *'s PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate FSLR *'s Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of FSLR * when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

FSLR * (MX$3801.5) is trading below our estimate of [[fair value]] (MX$6466.62)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

First Solar (BMV:FSLR *) - Stock Price, News & Analysis

FSLR * Stock Overview

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. More details

FSLR * fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	5/6
Past Performance	4/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 41.2% below our estimate of its fair value

Earnings are forecast to grow 28.22% per year

Earnings grew by 163.3% over the past year

Analysts in good agreement that stock price will rise by 45.4%

Risk Analysis

Highly volatile share price over the past 3 months compared to the MX market

High level of non-cash earnings

First Solar, Inc. Competitors

Renesas Electronics

TSE:6723

JP¥3.7t

STMicroelectronics

ENXTPA:STMPA

€20.9b

Monolithic Power Systems

NasdaqGS:MPWR

US$28.7b

ASE Technology Holding

TWSE:3711

NT$670.4b

Price History & Performance

Summary of all time highs, changes and price drops for First Solar
Historical stock prices
Current Share Price	US$3,801.50
52 Week High	US$5,645.00
52 Week Low	US$2,384.00
Beta	1.48
11 Month Change	-4.73%
3 Month Change	-12.31%
1 Year Change	39.25%
33 Year Change	68.73%
5 Year Change	265.53%
Change since IPO	52.00%

Recent updates

Shareholder Returns

	FSLR *	MX Semiconductor	MX Market
7D	0.6%	0%	0%
1Y	39.2%	0%	0%

Return vs Industry: FSLR * underperformed the MX Semiconductor industry which returned 55.3% over the past year.

Return vs Market: FSLR * exceeded the MX Market which returned -3.1% over the past year.

Price Volatility

Is FSLR *'s price volatile compared to industry and market?
FSLR * volatility
FSLR * Average Weekly Movement	8.1%
Semiconductor Industry Average Movement	0%
Market Average Movement	0%
10% most volatile stocks in MX Market	0%
10% least volatile stocks in MX Market	0%

Stable Share Price: FSLR *'s share price has been volatile over the past 3 months compared to the MX market.

Volatility Over Time: FSLR *'s weekly volatility (8%) has been stable over the past year, but is still higher than 75% of MX stocks.

About the Company

Founded	Employees	CEO	Website
1999	6,700	Mark Widmar	www.firstsolar.com

First Solar, Inc., a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules. It designs, manufactures, and sells cadmium telluride solar modules that converts sunlight into electricity.

First Solar, Inc. Fundamentals Summary

How do First Solar's earnings and revenue compare to its market cap?
FSLR * fundamental statistics
Market cap	Mex$421.18b
Earnings (TTM)	Mex$25.11b
Revenue (TTM)	Mex$77.47b

16.1x

P/E Ratio

5.2x

P/S Ratio

Is FSLR * overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FSLR * income statement (TTM)
Revenue	US$3.85b
Cost of Revenue	US$2.06b
Gross Profit	US$1.79b
Other Expenses	US$544.07m
Earnings	US$1.25b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	11.66
Gross Margin	46.54%
Net Profit Margin	32.41%
Debt/Equity Ratio	7.7%

How did FSLR * perform over the long term?

See historical performance and comparison

FSLR * Stock Overview

Rewards

Risk Analysis

First Solar, Inc. Competitors

TSE:6723

JP¥3.7t

ENXTPA:STMPA

€20.9b

NasdaqGS:MPWR

US$28.7b

TWSE:3711

NT$670.4b

Price History & Performance

Recent News & Updates

Third quarter 2024 earnings released: EPS: US$2.92 (vs US$2.51 in 3Q 2023)

First Solar, Inc. to Report Q3, 2024 Results on Oct 29, 2024

Second quarter 2024 earnings released: EPS: US$3.26 (vs US$1.60 in 2Q 2023)

First Solar, Inc. to Report Q2, 2024 Results on Jul 30, 2024

Investor sentiment improves as stock rises 15%

First Solar, Inc. Becomes the Solar Industry's First EPEAT Climate+ Champion, Setting Global Standard for Ultra-Low Carbon Solar

Recent updates

Third quarter 2024 earnings released: EPS: US$2.92 (vs US$2.51 in 3Q 2023)

First Solar, Inc. to Report Q3, 2024 Results on Oct 29, 2024

Second quarter 2024 earnings released: EPS: US$3.26 (vs US$1.60 in 2Q 2023)

First Solar, Inc. to Report Q2, 2024 Results on Jul 30, 2024

Investor sentiment improves as stock rises 15%

First Solar, Inc. Becomes the Solar Industry's First EPEAT Climate+ Champion, Setting Global Standard for Ultra-Low Carbon Solar

Insider recently sold Mex$30m worth of stock

Investor sentiment improves as stock rises 34%

Insider recently sold Mex$23m worth of stock

First quarter 2024 earnings released: EPS: US$2.21 (vs US$0.40 in 1Q 2023)

First Solar, Inc. Reaffirms Earnings Guidance for the Year 2024

New minor risk - Insider selling

First Solar, Inc. to Report Q1, 2024 Results on May 01, 2024

First Solar, Inc., Annual General Meeting, May 08, 2024

Independent Director recently sold Mex$13m worth of stock

First Solar, Inc. Provides Earnings Guidance for the Year 2024

Full year 2023 earnings released: EPS: US$7.78 (vs US$0.41 loss in FY 2022)

First Solar, Inc. Announces Board Resignations

First Solar, Inc. to Report Q4, 2023 Results on Feb 27, 2024

Investor sentiment improves as stock rises 16%

New major risk - Earnings quality

Third quarter 2023 earnings released: EPS: US$2.51 (vs US$0.46 loss in 3Q 2022)

First Solar, Inc. Updates Earnings Guidance for the Full Year 2023

First Solar, Inc. to Report Q3, 2023 Results on Oct 31, 2023

First Solar, Inc. Maintains Earnings Guidance for the Full Year 2023

Second quarter 2023 earnings released: EPS: US$1.60 (vs US$0.52 in 2Q 2022)

First Solar, Inc. to Report Q2, 2023 Results on Jul 27, 2023

Now 20% undervalued after recent price drop

First Solar, Inc. Announces Limited Production Run of World’S First Bifacial Thin Film Photovoltaic Module

Independent Director recently sold Mex$10m worth of stock

First Solar, Inc. (NasdaqGS:FSLR) acquired Evolar AB from Magnora ASA (OB:MGN) for $38 million.

Now 21% undervalued after recent price drop

First quarter 2023 earnings released: EPS: US$0.40 (vs US$0.41 loss in 1Q 2022)

Independent Director recently sold Mex$28m worth of stock

Full year 2022 earnings released: US$0.41 loss per share (vs US$4.41 profit in FY 2021)

First Solar, Inc. to Report Q4, 2022 Results on Feb 28, 2023

Now 21% undervalued after recent price drop

Third quarter 2022 earnings released: US$0.46 loss per share (vs US$0.42 profit in 3Q 2021)

First Solar, Inc. Updates Earnings Guidance for the Year 2022

First Solar, Inc. to Report Q3, 2022 Results on Oct 27, 2022

The funds managed by Real Assets group of PAG completed the acquisition of A solar operations and maintenance (O&M) platform with approximately 665 MWDC ,in Japan from First Solar, Inc. (NasdaqGS:FSLR).

Insider recently sold Mex$1.5b worth of stock

Independent Director recently sold Mex$13m worth of stock

Second quarter 2022 earnings released: EPS: US$0.52 (vs US$0.78 in 2Q 2021)

First Solar, Inc. Updates Earnings Guidance for the Year 2022

Investor sentiment improved over the past week

First Solar, Inc. to Report Q2, 2022 Results on Jul 28, 2022

The funds managed by Real Assets group of PAG completed the acquisition of 293 Megawatts Utility Scale Solar Development Platform in Japan from First Solar, Inc. (NasdaqGS:FSLR).

First Solar, Inc. Announces Director Appointments

Insufficient new directors

PAG entered into a definitive agreement to acquire O&M platform from First Solar, Inc. (NasdaqGS:FSLR).

First quarter 2022 earnings released: US$0.41 loss per share (vs US$1.98 profit in 1Q 2021)

First Solar, Inc., Annual General Meeting, May 26, 2022

First Solar, Inc. to Report Q1, 2022 Results on Apr 28, 2022

First Solar, Inc. Announces Kathryn A. Hollister Not to Stand for Re-Election as A Member of the Board of Directors

First Solar in Talks to Sell Japan Project Development, O&M Biz

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

First Solar, Inc. Provides Earnings Guidance for the Year 2022

Investor sentiment improved over the past week