First Solar, Inc. (FSLR) stock
Close on Nov 13, 2026Market cap $18.42BP/E 9.9Yield –
First Solar, Inc. saw revenue fall 0.7% to $5.01B over the twelve months to Sep 30, 2026. Operating income rose 25.5% to $1.89B, moving the operating margin from 29.8% to 37.7%. Free cash flow was $232.79M, down 62.1% from a year earlier. At the latest close the market valued the company at $18.42B, 9.9 times its earnings.
Key statistics
Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026
Valuation
- Market cap
- $18.42B
- P/E ratio
- 9.9
- Price to sales
- 3.67
- Price to book
- 1.69
- Dividend yield
- –
- Free cash flow yield
- 1.26%
Fundamentals
- Revenue
- $5.01B
- Net income
- $1.86B
- EPS, diluted
- $17.28
- Free cash flow
- $232.79M
- Book value per share
- $101.03
- Diluted shares
- 108M
Trading
- Next earnings
- Feb 23, 2027 (estimated, after the close)
- Previous close
- $172.30
- Open
- $171.69
- Day's range
- $166.70 – $172.51
- Volume
- 2,478,428
- Average volume (20 days)
- 3,237,721
- Index membership
- S&P 500 (since Dec 2022), Russell 1000, Russell 3000
- Beta (5 years)
- 0.99
- 52-week range
- $165.86 – $320.95
- RSI (14 days)
- 40.9
- Volatility (1 year)
- 52.6%
- Relative volume
- 1.01×
- WACC
- 10.1%
On 3 of our idea lists: Undervalued and financially sound, Rule #1 (the 4Ms), Fallen quality
Index membership is inferred from the holdings of funds that track each index (VOO, IVV, SPYM, IWB, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.
Market cap history
Month-end market cap since 2009, using shares outstanding reported at the time
Total return vs. the S&P 500
Price change plus reinvested dividends, to the close on Nov 13, 2026. The S&P 500 is measured by the SPY fund.
| Period | FSLR | S&P 500 | Difference | FSLR per year | S&P 500 per year |
|---|---|---|---|---|---|
| 1 month | -8.2% | -3.0% | −5.1 pts | ||
| 3 months | -23.4% | -2.8% | −20.6 pts | ||
| Year to date | -34.4% | +11.5% | −45.9 pts | ||
| 1 year | -33.2% | +13.5% | −46.7 pts | ||
| 3 years | +28.1% | +77.7% | −49.6 pts | +8.6% | +21.1% |
| 5 years | +54.5% | +72.6% | −18.1 pts | +9.1% | +11.5% |
| 10 years | +434.6% | +308.2% | +126.4 pts | +18.3% | +15.1% |
Fifteen years at a glance
Fiscal years 2011 to 2025 and trailing twelve months, USD
Revenue
Gross profit
Operating income
Net income
EPS, diluted
Free cash flow
Press releases
Releases First Solar filed with the SEC as exhibits to Form 8-K or 6-K
- Results
- Results
- Results
- Results
- Results
- Results
About First Solar
Semiconductors & Related Devices
First Solar designs, manufactures, and sells thin-film photovoltaic (PV) solar modules that convert sunlight into electric power. The company utilizes proprietary cadmium telluride (CdTe) semiconductor technology, producing modules such as the Series 6 Plus and Series 7 as alternatives to conventional crystalline silicon products. In addition to module production, First Solar offers module collection and recycling services to assist system owners with end-of-life material recovery. The company's customer base includes utility-scale solar project developers, independent power producers, utilities, commercial and industrial enterprises, and corporate energy offtakers.
Company profile, executives and historyFirst Solar stock: common questions
What is First Solar's stock price?
FSLR closed at $171.39 on Nov 13, 2026, down 0.53% on the day. Over the past 52 weeks it traded between $165.86 and $320.95.
What is First Solar's market cap?
First Solar was worth $18.42B at the close on Nov 13, 2026: the share price times the diluted shares outstanding.
What is FSLR's P/E ratio?
FSLR trades at 9.9 times earnings, based on diluted earnings per share of $17.28 over the twelve months to Sep 30, 2026.
How much revenue does First Solar make?
First Solar reported revenue of $5.01B for the twelve months to Sep 30, 2026, down 0.7% from a year earlier.
Does First Solar pay a dividend?
No. First Solar has not paid a cash dividend over the last twelve months.
When does First Solar report earnings next?
First Solar is expected to report Q4 FY2026 results on Feb 23, 2027, after the close. The date is estimated from its past reporting pattern until the company confirms it.
How has FSLR stock performed over the past year?
Including dividends, FSLR returned -33.2% over the past year, against +13.5% for the S&P 500.
How many FSLR shares are sold short?
11M shares were sold short at the latest FINRA report, 11.03% of the float, or 5.3 days of average trading volume.
Who are First Solar's competitors?
Companies most similar to First Solar by business, industry and size include CSIQ, NXT, AMKR, TE, SWKS.
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