What is First Solar, Inc. (FSLR) stock price today?

First Solar, Inc. (FSLR) is currently trading at $211.03, up 2.44% today.

What is FSLR P/E ratio?

First Solar, Inc.'s P/E ratio is 17.68. This is near the market average.

What is FSLR return on equity (ROE)?

First Solar, Inc.'s return on equity (ROE) is 18.44%, indicating how efficiently the company generates profit from shareholders' equity. This is above the market average.

What is First Solar, Inc.'s market cap?

First Solar, Inc. has a market capitalization of $22.68B.

NASDAQ · Solar

First Solar, Inc. (FSLR) Stock

$211.03 +2.44% NASDAQ: FSLR Energy

Valuation

Metric	Value
Price	$211.03
Market Cap	$22.68B
P/E Ratio	17.68
P/B Ratio	2.98
P/S Ratio	5.43
EPS (TTM)	$14.21
52-Week High	$320.95
52-Week Low	$139.26
Dividend Yield	0.00%

Financials & Margins

Metric	Value
ROE	18.44%
ROA	8.45%
ROCE	17.66%
Gross Margin	41.73%
Operating Margin	33.17%
Net Margin	30.73%
Debt/Equity	0.04
Current Ratio	2.67

Annual Financials (USD)

Metric	2021	2022	2023	2024	2025
Revenue	$2.9B	$2.6B	$3.3B	$4.2B	$5.2B
Operating Profit	$587.0M	$-27.0M	$857.0M	$1.4B	$1.7B
Net Profit	$469.0M	$-44.0M	$831.0M	$1.3B	$1.5B
EPS	$4.38	$-0.41	$7.74	$12.02	$14.21
Op Margin	20.1%	-1.0%	25.8%	33.1%	32.3%

Balance Sheet (USD)

Metric	2021	2022	2023	2024	2025
Total Assets	$7.4B	$8.3B	$10.4B	$12.1B	$13.3B
Total Liabilities	$1.5B	$2.4B	$3.7B	$4.1B	$3.8B
Cash	$1.5B	$1.5B	$1.9B	$1.6B	$2.8B
Borrowings	$399.0M	$234.0M	$624.0M	$719.0M	$499.0M

Latest News

First Solar (FSLR) Faces Class Action Lawsuits Over Tariff And Production Claims Simply Wall St. · Jul 16, 2026 First Solar (FSLR) Stock Sees Modest Fair Value Lift As Analysts Weigh Tariffs And Tax Credits Simply Wall St. · Jul 16, 2026 Is First Solar (FSLR) Reasonable After Tariff Hopes And A 31% Gap? Simply Wall St. · Jul 16, 2026 First Solar (FSLR) Exceeds Market Returns: Some Facts to Consider Zacks · Jul 15, 2026 Barclays Adjusts Price Target on First Solar to $279 From $213, Maintains Overweight Rating MT Newswires · Jul 15, 2026

Cash Flow (USD)

Metric	2021	2022	2023	2024	2025
Operating Cash Flow	$238.0M	$873.0M	$602.0M	$1.2B	$2.1B
Investing Cash Flow	$-639.0M	$-2.1B	$-1.9B	$-3.1B	$-1.6B
Financing Cash Flow	$-16.0M	$-12.0M	$-31.0M	$-28.0M	$-16.0M
Net Cash Flow	$182.0M	$38.0M	$472.0M	$-327.0M	$1.2B
Free Cash Flow	$-303.0M	$-30.0M	$-785.0M	$-308.0M	$1.2B

Valuation & Return Ratios

Metric	Value
PEG Ratio	0.70
EV / EBITDA	11.83
FCF Yield	5.67%
Quick Ratio	2.00
Interest Coverage	38.27
Return 1Y	15.54%
Return 3Y	4.11%
Return 5Y	146.24%

Ownership

Insiders Held5.40%

Institutions Held94.81%

Institutions Float Held100.22%

Institutional Holder	Shares	Report Date
Blackrock Inc.	13,821,076	2026-03-31
Vanguard Capital Management LLC	6,788,934	2026-03-31
Vanguard Portfolio Management LLC	5,696,888	2026-03-31
State Street Corporation	5,284,617	2026-03-31
Geode Capital Management, LLC	3,106,826	2026-03-31

Peer Comparison

Ticker	Price	Change	P/E	Market Cap	Div Yield
CQPCheniere Energy Partners, L.P.	$63.14	-2.68%	13.29	$30.56B	0.00%
CVECenovus Energy Inc.	$29.07	+5.10%	12.30	$54.40B	2.23%
EQTEQT Corporation	$51.14	-3.09%	16.66	$31.99B	1.18%
EXEExpand Energy Corporation	$88.57	-2.14%	12.75	$21.19B	3.27%
HALHalliburton Company	$31.33	+0.32%	21.61	$26.17B	1.71%

About First Solar, Inc.

First Solar, Inc. is a global provider of photovoltaic (PV) solar energy solutions, operating in numerous international markets including the United States, Japan, France, Canada, India, and Australia. The company's primary activity involves the engineering, manufacturing, and sale of cadmium telluride solar modules, which are designed to convert solar radiation directly into electricity. Its clientele is broad, serving system developers and operators, utility companies, independent power producers, commercial and industrial businesses, and various other system owners. Founded in 1999, the firm is based in Tempe, Arizona, and underwent a name change in 2006 from its former designation, First Solar Holdings, Inc.

First Solar, Inc. is led by CEO Mark R. Widmar, employs 8,100 people, headquartered in Phoenix, US, publicly traded since 2006.

First Solar, Inc. (FSLR) stock trades at $211.03 with a market capitalization of $22.68B. The stock is valued at a price-to-earnings (P/E) ratio of 17.68, price-to-book of 2.98, price-to-sales of 5.43. Over the past 52 weeks the stock has ranged between $139.26 and $320.95, and currently trades 34.2% below its 52-week high.

On profitability, First Solar, Inc. generates a return on equity (ROE) of 18.44%, above the typical market average, return on capital employed of 17.66%, an operating margin of 33.17%, a net profit margin of 30.73%.

In its most recent fiscal year, First Solar, Inc. reported annual revenue of $5.2B, net profit of $1.5B, revenue has compounded at 14.0% a year over the last five years, profit at 30.9% a year. Profit growing faster than revenue points to expanding margins.

The balance sheet shows a debt-to-equity ratio of 0.04 — a conservative balance sheet with little leverage risk, a current ratio of 2.67, total assets of $13.3B, $2.8B in cash and equivalents.

FSLR has an average daily trading volume of 2,418,979 shares, a beta of 1.69 (more volatile than the overall market).

Official website: www.firstsolar.com