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StockVS

NASDAQ · Solar · USD

First Solar, Inc. (FSLR) Stock Analysis

First Solar, Inc. (FSLR) is a Solar stock listed on NASDAQ and quoted in US Dollar.

Last Updated: October 21, 2026

FSLR

$174.82

+$0.39 (+0.22%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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FSLR Key Statistics

As of Oct 21, 2026
Trading
Open
$176.25
Previous Close
$174.43
Day's Range
172.19–177.05
52-Week Range
168.60–320.95
Volume
1.49M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.79
Valuation
Market Cap
$18.79B
P/E Ratio
10.78
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
7.43
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
0.31
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
3.49
EPS (ttm)Profit attributable to each share over the last twelve months.
16.22
Financials (FY)
Revenue (FY)
$5.22B+24.09%
Net Income (FY)
$1.53B+18.28%
Profit marginThe share of revenue left as profit after all costs and taxes.
32.46%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
107.47M
1-Year Return
−22.94%
Dividend and dates
Earnings Date
October 29, 2026
Avg Volume
2.30M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, FSLR closed at $174.82, −22.94% over 1 year.

First Solar, Inc. (FSLR) has a market capitalization of $18.79B.

In fiscal 2025, FSLR reported revenue of $5.22B.

FSLR Stock Return by Calendar Year

First Solar, Inc. (FSLR) 10-year return: what $10,000 became

1 year
$10,000 $7,706
−22.94%
5 years
$10,000 $16,447
+64.47%
10 years
$10,000 $41,378
+313.78%

If you had invested $10,000 in First Solar, Inc. (FSLR) 10 years ago, at the close on October 21, 2016, it would have been worth $41,378 at the close on October 21, 2026: +313.78% in total, +15.26% a year. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−33.08%
2025+48.22%
2024+2.30%
2023+15.01%
2022+71.86%
2021−11.89%
2020+76.77%
2019+31.79%
2018−37.11%
2017+110.41%
2016 (partial year)−26.75%

As of October 21, 2026.

FSLR Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$5.22B$1.53B29.3%
2024$4.21B$1.29B30.7%
2023$3.32B$830.78M25.0%
2022$2.62B−$44.17M−1.7%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$5.22B$2.12B$1.60B$1.53B29.3%
2024$4.21B$1.86B$1.39B$1.29B30.7%
2023$3.32B$1.30B$885.97M$830.78M25.0%
2022$2.62B$69.86M−$280.75M−$44.17M−1.7%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

FSLR Valuation vs Solar Median

Median of 22 stocks
MetricFSLRSolar medianvs median
P/E10.7814.2024% below
P/S ratio3.490.487.2x the median
Profit margin32.46%−3.77%36.2 pts above

Medians across 22 Solar stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 20 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

The market values First Solar, Inc. (FSLR) at $18.79B. The company sits in the Technology sector, in the Solar industry. Headcount on file is 7,900.

Over the past 52 weeks the price has ranged from $168.60 to $320.95. FSLR last closed at $174.82 on October 21, 2026. That is +$0.39 (+0.22%) against the previous close. The latest close sits 3.69% above that 52-week low.

Financial Health

In fiscal 2025, First Solar, Inc. reported revenue of $5.22B. That is +24.09% against the prior fiscal year, when revenue was $4.21B. The same year closed with net income of $1.53B. That is +18.28% against the prior fiscal year. The reported profit margin is 32.46%. That is 36.2 percentage points above the Solar median of −3.77%. Earnings per share on a trailing basis come to 16.22.

Across the 4 fiscal years on file, revenue moves from $2.62B in 2022 to $5.22B in 2025. Of those 4 years, 3 report positive net income.

Valuation Assessment

FSLR trades at a trailing price-to-earnings ratio of 10.78. That is 24.08% below the Solar median of 14.2. On forward earnings the ratio is 7.43. The PEG ratio, which sets the P/E against expected earnings growth, reads 0.31. The price-to-sales ratio is 3.49. On price-to-sales that is 7.2 times the Solar median of 0.48. 22 Solar companies report these metrics, and the medians quoted come from that group.

Over the trailing twelve months the total return is −22.94%. Across 10 years the annualized return works out at +15.26%. The reported beta is 1.79. Daily returns over the trailing 10 years annualize to a volatility of 50.99%.

Growth & Income

No dividend is on file for FSLR.

Across the complete calendar years on file, 2017 returned +110.41% and 2018 returned −37.11%. Of the 9 complete calendar years on file, 7 finished higher. 2026 is still running; the total return is −33.08% year to date.

Peer Comparison

First Solar, Inc. (FSLR) operates in the Solar industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
First Solar, Inc. FSLR $18.79B 10.8
Nextpower Inc. NXT $12.56B 21.1
Enphase Energy, Inc. ENPH $4.23B 32.0
SolarEdge Technologies, Inc. SEDG $2.04B —

The Solar industry average P/E ratio is 14.2x. First Solar, Inc. trades at a P/E of 10.8.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About First Solar, Inc.

First Solar, Inc., a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally. The company manufactures and sells PV solar modules with thin film semiconductor technology that provides conventional crystalline silicon PV solar modules. It also designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity. The company serves system developers, independent power producers, utilities, commercial and industrial companies, large corporate energy buyers, and other system owners and operators. The company was formerly known as First Solar Holdings, Inc. and changed its name to First Solar, Inc. in 2006. First Solar, Inc. was founded in 1999 and is headquartered in Phoenix, Arizona.

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