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

FSLR is good value based on its Price-To-Earnings Ratio (16x) compared to the peer average (40x).

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

FSLR is good value based on its Price-To-Earnings Ratio (16x) compared to the US Semiconductor industry average (29.7x).

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.

FSLR is good value based on its Price-To-Earnings Ratio (16x) compared to the estimated Fair Price-To-Earnings Ratio (35.8x).

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 ($186.05) is trading below our estimate of [[fair value]] ($397.63)

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 (Nasdaq: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	6/6
Future Growth	5/6
Past Performance	4/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 53.2% 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

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 46.4%

Risk Analysis

High level of non-cash earnings

First Solar, Inc. Competitors

Monolithic Power Systems

NasdaqGS:MPWR

US$27.9b

GlobalFoundries

NasdaqGS:GFS

US$23.2b

ON Semiconductor

NasdaqGS:ON

US$29.2b

Microchip Technology

NasdaqGS:MCHP

US$35.7b

Price History & Performance

Summary of all time highs, changes and price drops for First Solar
Historical stock prices
Current Share Price	US$186.05
52 Week High	US$306.77
52 Week Low	US$135.88
Beta	1.48
11 Month Change	-3.31%
3 Month Change	-19.48%
1 Year Change	20.51%
33 Year Change	75.65%
5 Year Change	236.80%
Change since IPO	652.02%

First Solar: Dominant Market Position

Nov 19

Here's Why We Think First Solar (NASDAQ:FSLR) Might Deserve Your Attention Today

Nov 18

The Return Trends At First Solar (NASDAQ:FSLR) Look Promising

Nov 05

First Solar Q3: Set Your Sights On 2025 And 2026

Nov 04

Recent updates

First Solar: Dominant Market Position

Nov 19

Here's Why We Think First Solar (NASDAQ:FSLR) Might Deserve Your Attention Today

Nov 18

First Solar: Expected To Thrive Regardless Of The 2024 Election Results (Reiterate Buy)

Oct 07

Pinning Down First Solar, Inc.'s (NASDAQ:FSLR) P/S Is Difficult Right Now

Sep 24

Growing Revenue, Improving Margins Combine For A Boom Time For First Solar

Sep 16

First Solar: Growth Outlook Continues To Shine

Sep 05

Is First Solar (NASDAQ:FSLR) A Risky Investment?

Aug 21

Bayesian Bets: First Solar And The Market's Mispricing Of Political Risk

Aug 12

First Solar: Strong Buy Amid Pullback And Q2 Outperformance (Rating Upgrade)

Aug 06

When Should You Buy First Solar, Inc. (NASDAQ:FSLR)?

Jul 21

First Solar: Potential Reward Outweighs Risks

Jul 15

First Solar (NASDAQ:FSLR) Might Have The Makings Of A Multi-Bagger

Jun 26

First Solar: Subsidies Require Discounted Valuation

Jun 19

Subdued Growth No Barrier To First Solar, Inc. (NASDAQ:FSLR) With Shares Advancing 56%

Jun 14

First Solar: Major Winner In AI Boom

May 30

Here's Why We Think First Solar (NASDAQ:FSLR) Is Well Worth Watching

May 22

First Solar: Targets Confirmed, Updated U.S. Regulation Creates An Additional Momentum

May 21

First Solar: The Market Finally Realized Its Pessimistic Folly

May 14

First Solar's (NASDAQ:FSLR) Earnings Are Weaker Than They Seem

May 08

Getting In Cheap On First Solar, Inc. (NASDAQ:FSLR) Is Unlikely

Apr 17

First Solar: Still My Top Risk-Adjusted Pick In Green Energy

Apr 11

First Solar Remains A Viable Solar Investment, Despite The Silicon Headwinds

Apr 03

Are Investors Undervaluing First Solar, Inc. (NASDAQ:FSLR) By 47%?

Apr 02

We Think First Solar (NASDAQ:FSLR) Can Stay On Top Of Its Debt

Mar 18

First Solar: An Attractive Risk-Premium Ratio

Mar 07

First Solar: Misunderstood Solar Energy Leader Set To Soar In 2024

Feb 29

Analysts Are Updating Their First Solar, Inc. (NASDAQ:FSLR) Estimates After Its Yearly Results

Feb 29

Should You Think About Buying First Solar, Inc. (NASDAQ:FSLR) Now?

Feb 21

First Solar: The Risk/Reward Looks Sunny

Feb 05

First Solar (NASDAQ:FSLR) Is Experiencing Growth In Returns On Capital

Feb 04

First Solar: The Inflation Reduction Act Is Critical For The Company

Jan 23

First Solar, Inc.'s (NASDAQ:FSLR) Price In Tune With Earnings

Jan 04

Should You Investigate First Solar, Inc. (NASDAQ:FSLR) At US$155?

Nov 17

Is First Solar (NASDAQ:FSLR) Using Too Much Debt?

Nov 02

Investors Could Be Concerned With First Solar's (NASDAQ:FSLR) Returns On Capital

Sep 26

Is First Solar (NASDAQ:FSLR) Using Debt In A Risky Way?

Jul 14

Are Investors Undervaluing First Solar, Inc. (NASDAQ:FSLR) By 47%?

May 05

Does First Solar (NASDAQ:FSLR) Have A Healthy Balance Sheet?

Apr 15

When Should You Buy First Solar, Inc. (NASDAQ:FSLR)?

Mar 28

Is There An Opportunity With First Solar, Inc.'s (NASDAQ:FSLR) 43% Undervaluation?

Jan 30

Is First Solar (NASDAQ:FSLR) Weighed On By Its Debt Load?

Nov 25

Shareholder Returns

	FSLR	US Semiconductor	US Market
7D	-2.3%	0.9%	2.2%
1Y	20.5%	87.1%	31.7%

Return vs Industry: FSLR underperformed the US Semiconductor industry which returned 87.1% over the past year.

Return vs Market: FSLR underperformed the US Market which returned 31.7% over the past year.

Price Volatility

Is FSLR's price volatile compared to industry and market?
FSLR volatility
FSLR Average Weekly Movement	8.4%
Semiconductor Industry Average Movement	7.5%
Market Average Movement	6.3%
10% most volatile stocks in US Market	15.8%
10% least volatile stocks in US Market	3.1%

Stable Share Price: FSLR has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: FSLR's weekly volatility (8%) has been stable over the past year.

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	US$19.48b
Earnings (TTM)	US$1.25b
Revenue (TTM)	US$3.85b

16.0x

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

NasdaqGS:MPWR

US$27.9b

NasdaqGS:GFS

US$23.2b

NasdaqGS:ON

US$29.2b

NasdaqGS:MCHP

US$35.7b

Price History & Performance

Recent News & Updates

First Solar: Dominant Market Position

Here's Why We Think First Solar (NASDAQ:FSLR) Might Deserve Your Attention Today

Investor sentiment deteriorates as stock falls 16%

The Return Trends At First Solar (NASDAQ:FSLR) Look Promising

First Solar Q3: Set Your Sights On 2025 And 2026

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Recent updates

First Solar: Dominant Market Position

Here's Why We Think First Solar (NASDAQ:FSLR) Might Deserve Your Attention Today

Investor sentiment deteriorates as stock falls 16%

The Return Trends At First Solar (NASDAQ:FSLR) Look Promising

First Solar Q3: Set Your Sights On 2025 And 2026

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

First Solar Q3 Preview: Robust Growth And Strategic Expansions

When Should You Buy First Solar, Inc. (NASDAQ:FSLR)?

First Solar: Expected To Thrive Regardless Of The 2024 Election Results (Reiterate Buy)

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

Pinning Down First Solar, Inc.'s (NASDAQ:FSLR) P/S Is Difficult Right Now

Investor sentiment improves as stock rises 15%

Growing Revenue, Improving Margins Combine For A Boom Time For First Solar

First Solar: Growth Outlook Continues To Shine

Is First Solar (NASDAQ:FSLR) A Risky Investment?

Chief Product Officer notifies of intention to sell stock

Bayesian Bets: First Solar And The Market's Mispricing Of Political Risk

First Solar: Strong Buy Amid Pullback And Q2 Outperformance (Rating Upgrade)

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

When Should You Buy First Solar, Inc. (NASDAQ:FSLR)?

First Solar: Potential Reward Outweighs Risks

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

Investor sentiment deteriorates as stock falls 16%

First Solar (NASDAQ:FSLR) Might Have The Makings Of A Multi-Bagger

First Solar: Subsidies Require Discounted Valuation

Price target increased by 7.4% to US$282

Now 25% undervalued

Subdued Growth No Barrier To First Solar, Inc. (NASDAQ:FSLR) With Shares Advancing 56%

Price target increased by 8.1% to US$262

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

Price target increased by 9.2% to US$255

Chief Financial Officer notifies of intention to sell stock

First Solar: Major Winner In AI Boom

Insider recently sold US$1.8m worth of stock

Chief People & Communications Officer notifies of intention to sell stock

Investor sentiment improves as stock rises 31%

Here's Why We Think First Solar (NASDAQ:FSLR) Is Well Worth Watching

First Solar: Targets Confirmed, Updated U.S. Regulation Creates An Additional Momentum

Insider recently sold US$1.4m worth of stock

First Solar: The Market Finally Realized Its Pessimistic Folly

First Solar's (NASDAQ:FSLR) Earnings Are Weaker Than They Seem

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

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

New minor risk - Insider selling

Getting In Cheap On First Solar, Inc. (NASDAQ:FSLR) Is Unlikely

First Solar: Still My Top Risk-Adjusted Pick In Green Energy

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

First Solar Remains A Viable Solar Investment, Despite The Silicon Headwinds

Are Investors Undervaluing First Solar, Inc. (NASDAQ:FSLR) By 47%?

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

We Think First Solar (NASDAQ:FSLR) Can Stay On Top Of Its Debt

First Solar: An Attractive Risk-Premium Ratio

Independent Director recently sold US$788k worth of stock

CEO & Director notifies of intention to sell stock

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

First Solar: Misunderstood Solar Energy Leader Set To Soar In 2024

Analysts Are Updating Their First Solar, Inc. (NASDAQ:FSLR) Estimates After Its Yearly Results

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Should You Think About Buying First Solar, Inc. (NASDAQ:FSLR) Now?