FSLR — First Solar, Inc.
Technology · Solar
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.
The renewables & solar complex
The renewables complex spans panel and equipment makers (First Solar, Enphase, SolarEdge, Nextracker, Array), a rooftop installer (Sunrun), and owners of operating wind and solar farms (Brookfield Renewable, and NextEra — which is also a huge Florida utility). These are very different businesses traded as one theme, and the theme is brutally sensitive to two things: interest rates, because projects and rooftop loans run on debt, and policy, because tax credits and tariffs can rewrite the economics overnight. Dispersion inside the group is enormous — a manufacturer with a fat US order book and an installer bleeding cash can sit side by side. Check margins, funding costs and policy exposure name by name before treating any move as a sector signal. First Solar is the largest US-based panel manufacturer and the clearest beneficiary of domestic-content tax credits.
Key data · delayed ~15 min, as of 1 August 2026
| Ticker | FSLR |
| Company | First Solar, Inc. |
| Price | $211.03 |
| Market cap | $22.7B |
| Sector / industry | Technology / Solar |
| Analyst mean target | $256 (28 analysts, buy) |
Valuation read
What the price implies: the market is pricing in roughly ~-5%/yr earnings growth (discounted), on a reverse-DCF of forward earnings ($23.05). Run your own assumptions in the fair-value calculator.
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