First Solar Stock Has Fallen 21%, Time to Enter?
First Solar (FSLR) stock has fallen by 21.1% in less than a month, from $243.21 on 24th Feb, 2026, to $191.80 now. Should you buy this dip?
Dip buying is a viable strategy for quality stocks that have a history of recovering from dips. As it turns out, FSLR stock passes basic quality checks. Historically, the median return for the 12-month period following sharp dips was 2.4% , with median peak return reaching 48%. We define a “sharp dip” as a stock going down 30% or more in less than a 30-day period.
Below, we get into details of historical dips and subsequent returns.
Historical Median Returns Post Dips
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| Period | Past Median Return |
|---|---|
| 1M | 2.8% |
| 3M | -8.0% |
| 6M | -22.2% |
| 12M | 2.4% |
Historical Dip-Wise Details
FSLR had 8 events since 1/1/2010 where the dip threshold of -30% within 30 days was triggered
- 48% median peak return within 1 year of dip event
- 268 days is the median time to peak return after a dip event
- -42% median max drawdown within 1 year of dip event
| 30 Day Dip | FSLR Subsequent Performance | |||||||
|---|---|---|---|---|---|---|---|---|
| Date | FSLR | SPY | 1Y | Peak Return |
Max Drop |
# Days to Peak |
||
| Median | 2% | 48% | -42% | 268 | ||||
| 3032025 | -33% | -1% | 55% | 123% | -6% | 294 | ||
| 3052021 | -31% | -0% | -3% | 64% | -12% | 241 | ||
| 3162020 | -36% | -25% | 161% | 241% | -4% | 311 | ||
| 6112018 | -34% | 5% | 16% | 24% | -29% | 365 | ||
| 3072012 | -32% | 3% | 3% | 40% | -54% | 349 | ||
| 12152011 | -33% | -1% | 2% | 56% | -63% | 56 | ||
| 9222011 | -33% | 1% | -68% | 8% | -82% | 5 | ||
| 8192011 | -33% | -16% | -75% | 15% | -87% | 10 | ||
First Solar Passes Basic Financial Quality Checks
Revenue growth, profitability, cash flow, and balance sheet strength need to be evaluated to reduce the risk of a dip being the sign of a deteriorating business situation.
| Quality Metrics | Value | Quality Check |
|---|---|---|
| Revenue Growth (LTM) | 24.1% | Pass |
| Revenue Growth (3-Yr Avg) | 25.8% | Pass |
| Operating Cash Flow Margin (LTM) | 39.4% | Pass |
| Leverage (see below) | – | Pass |
| => Interest Coverage Ratio | 36.8 | |
| => Cash To Interest Expense Ratio | 64.7 |
Not sure if you can take a call on FSLR stock? Consider portfolio approach
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