Tearsheet

First Solar (FSLR)

Market Price (11/1/2025): $267.01 | Market Cap: $28.6 Bil
Sector: Information Technology | Industry: Semiconductors

First Solar (FSLR)

Market Price (11/1/2025): $267.01
Market Cap: $28.6 Bil
Sector: Information Technology
Industry: Semiconductors

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive operating margins Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 31%	Trading close to highs Dist 52W High is 0.0%	Expensive valuation multiples P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 96x
1			Stock price has recently run up significantly 6M Rtn6 month market price return is 104%
2			Not cash flow generative FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -22%
3			Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 69%

0	Attractive operating margins Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 31%
1	Trading close to highs Dist 52W High is 0.0%
2	Expensive valuation multiples P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 96x
3	Stock price has recently run up significantly 6M Rtn6 month market price return is 104%
4	Not cash flow generative FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -22%
5	Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 69%

Market Valuation & Key Metrics

	11/1/25	2024	2023	2022	2021
Share Price CYE	$267.01	$176.24	$172.28	$149.79	$87.16
Market Cap CYE ($ Bil)	28.6	18.9	18.4	16.0	9.3
Total Debt ($ Bil)	1.1	0.7	0.6	0.2	0.4
Total Cash ($ Bil)	1.2	1.8	2.1	2.6	1.8
Enterprise Value ($ Bil)	28.5	19.6	19.0	16.2	9.7
Valuation Ratios
P/S TTM	6.6	4.5	5.5	6.1	3.2
P/EBIT TTM	20.7	13.1	20.4	766.5	15.8
P/E TTM	22.8	14.6	22.1	-361.4	19.8
Sector Ratios
P/S TTM (Sector)	3.3	3.1	2.8	2.5	4.6
P/EBIT TTM (Sector)	1.6	-0.0	-0.1	-0.5	3.2
P/E TTM (Sector)	-0.4	-0.3	-0.4	-0.5	0.0

	11/1/25	2024	2023
Share Price CYE	$267.01	$176.24	$172.28
Market Cap CYE ($ Bil)	28.6	18.9	18.4
Total Debt ($ Bil)	1.1	0.7	0.6
Total Cash ($ Bil)	1.2	1.8	2.1
Enterprise Value ($ Bil)	28.5	19.6	19.0
Valuation Ratios
P/S TTM	6.6	4.5	5.5
P/EBIT TTM	20.7	13.1	20.4
P/E TTM	22.8	14.6	22.1
Sector Ratios
P/S TTM (Sector)	3.4	3.1	2.8
P/EBIT TTM (Sector)	1.4	-0.0	-0.1
P/E TTM (Sector)	-0.3	-0.3	-0.4

	FSLR	S&P 500
REVENUE GROWTH	GOOD
Rev LTM ($ Bil)	4.3
Rev Chg Q	8.6%	6.6%
Rev Chg LTM	15.4%	5.4%
Rev Chg 3Y Avg	20.6%	5.3%
PROFITABILITY	GOOD
Op Inc LTM ($ Bil)	1.4
CFO LTM ($ Bil)	0.3
Net Inc LTM ($ Bil)	1.3
Op Mgn LTM	31.3%	18.7%
CFO/Rev LTM	6.9%	20.3%
Net Inc Mgn	29.0%	12.8%
VALUATION	MODERATE
P/S	6.6	3.2
P/CFO	95.8	15.1
P/FCF	-30.4	20.4
P/E	22.8	23.6
STABILITY	GOOD
Debt/Equity	0.04	0.21
Cash/Assets	0.09	0.07

AI Generated Analysis | Feedback

Metric	Value	Date	Source
Contracted Sales Backlog	53.7 GW	9/30/2025	Link
Contracted Sales Backlog Value	$16.4 billion	9/30/2025	Link
Module Sales	5.3 GW	9/30/2025	Link
Global Annual Nameplate Manufacturing Capacity (2026)	21 GW	10/31/2025	Link
Number of Patents (Global)	1621	N/A/N/A/N/A	Link

FSLR Stock

Stock Price
Market Cap

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

null

Stock Movement Drivers

Fundamental Drivers

The 45.1% change in FSLR stock from 8/1/2025 to 10/31/2025 was primarily driven by a 45.1% change in the company's P/E Multiple.

	8012025	10312025	Change
Stock Price ($)	183.97	266.94	45.10%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	4343.44	4343.44	0.00%
Net Income Margin (%)	28.95%	28.95%	0.00%
P/E Multiple	15.69	22.77	45.10%
Shares Outstanding (Mil)	107.25	107.25	0.00%
Cumulative Contribution			45.10%

LTM = Last Twelve Months as of date shown

Market Drivers

8/1/2025 to 10/31/2025

	Return	Correlation
FSLR	45.1%
Market (SPY)	9.7%	26.4%
Sector (XLK)	17.0%	25.6%

Fundamental Drivers

The 104.5% change in FSLR stock from 5/2/2025 to 10/31/2025 was primarily driven by a 105.9% change in the company's P/E Multiple.

	5022025	10312025	Change
Stock Price ($)	130.54	266.94	104.49%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	4256.75	4343.44	2.04%
Net Income Margin (%)	29.72%	28.95%	-2.58%
P/E Multiple	11.05	22.77	105.94%
Shares Outstanding (Mil)	107.12	107.25	-0.11%
Cumulative Contribution			104.49%

LTM = Last Twelve Months as of date shown

Market Drivers

5/2/2025 to 10/31/2025

	Return	Correlation
FSLR	104.5%
Market (SPY)	20.7%	25.0%
Sector (XLK)	39.0%	32.3%

Fundamental Drivers

The 37.3% change in FSLR stock from 10/31/2024 to 10/31/2025 was primarily driven by a 36.5% change in the company's P/E Multiple.

	10312024	10312025	Change
Stock Price ($)	194.48	266.94	37.26%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	3850.81	4343.44	12.79%
Net Income Margin (%)	32.41%	28.95%	-10.68%
P/E Multiple	16.68	22.77	36.49%
Shares Outstanding (Mil)	107.05	107.25	-0.18%
Cumulative Contribution			37.26%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2024 to 10/31/2025

	Return	Correlation
FSLR	37.3%
Market (SPY)	21.1%	26.9%
Sector (XLK)	36.0%	30.0%

Fundamental Drivers

The 79.7% change in FSLR stock from 11/1/2022 to 10/31/2025 was primarily driven by a 671.3% change in the company's Net Income Margin (%).

	11012022	10312025	Change
Stock Price ($)	148.57	266.94	79.67%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2524.25	4343.44	72.07%
Net Income Margin (%)	3.75%	28.95%	671.28%
P/E Multiple	167.14	22.77	-86.38%
Shares Outstanding (Mil)	106.60	107.25	-0.61%
Cumulative Contribution			79.67%

LTM = Last Twelve Months as of date shown

Market Drivers

11/1/2023 to 10/31/2025

	Return	Correlation
FSLR	86.9%
Market (SPY)	65.1%	29.4%
Sector (XLK)	82.1%	31.0%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
FSLR Return	77%	-12%	72%	15%	2%	33%	331%
Peers Return	268%	-19%	3%	-30%	-49%	54%	68%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	110%
Monthly Win Rates [3]
FSLR Win Rate	67%	50%	50%	50%	58%	56%
Peers Win Rate	67%	27%	43%	28%	23%	42%
S&P 500 Win Rate	58%	75%	42%	67%	75%	67%
Max Drawdowns [4]
FSLR Max Drawdown	-46%	-30%	-30%	-12%	-19%	-32%
Peers Max Drawdown	-23%	-33%	-28%	-50%	-51%	-30%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: ENPH, RUN, SEDG, CSIQ, AMBQ. See FSLR Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/31/2025 (YTD)

How Low Can It Go

Unique Key	Event	FSLR	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-49.3%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	97.3%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	105 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-49.1%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	96.4%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	118 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-52.6%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	111.2%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	667 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-72.0%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	256.7%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	Not Fully Recovered days	1480 days

Compare to ENPH, RUN, SEDG, CSIQ, AMBQ

In The Past

First Solar's stock fell -49.3% during the 2022 Inflation Shock from a high on 11/1/2021. A -49.3% loss requires a 97.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About First Solar (FSLR)

First Solar, Inc. provides photovoltaic (PV) solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally. The company designs, manufactures, and sells cadmium telluride solar modules that converts sunlight into electricity. It serves developers and operators of systems, utilities, independent power producers, commercial and industrial companies, and other system owners. 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 Tempe, Arizona.

AI Generated Analysis | Feedback

null

AI Generated Analysis | Feedback

null

AI Generated Analysis | Feedback

null

AI Generated Analysis | Feedback

null

AI Generated Analysis | Feedback

null

AI Generated Analysis | Feedback

null

AI Generated Analysis | Feedback

null

AI Generated Analysis | Feedback

null

AI Generated Analysis | Feedback

null

Interactive Breakdown

First Solar Interactive Breakdown Analysis

Better Bets than First Solar (FSLR)

	FSLR	Better Performance than FSLR
Metric	Value	Industry (Semiconductors)
Rev Chg LTM	15.4%	NVDA (71.6%), AVGO (28.0%), AMD (27.2%), MU (48.9%), QCOM (15.8%)
Rev Chg 3Y Avg	20.6%	NVDA (92.0%), AVGO (24.0%), CRDO (74.4%), NVTS (44.9%), SHLS (21.1%)
Op Mgn LTM	31.3%	NVDA (58.1%), AVGO (39.0%), TXN (34.8%), RMBS (36.5%), OLED (38.9%)
CFO/Rev LTM	6.9%	NVDA (46.6%), AVGO (42.4%), AMD (16.5%), MU (46.9%), QCOM (29.3%)
FCF/Rev LTM	-21.7%	NVDA (43.6%), AVGO (41.6%), AMD (13.7%), MU (4.5%), QCOM (26.9%)
Total Yield	4.4%	QCOM (7.8%), TXN (6.8%), NXPI (5.9%), SWKS (7.2%), CRUS (5.1%)

	FSLR	Better Performance than FSLR
Metric	Value	Sector (Information Technology)
Rev Chg LTM	15.4%	NVDA (71.6%), MSFT (15.6%), AVGO (28.0%), PLTR (38.8%), AMD (27.2%)
Rev Chg 3Y Avg	20.6%	NVDA (92.0%), AVGO (24.0%), PLTR (25.7%), SHOP (26.0%), ANET (32.1%)
Op Mgn LTM	31.3%	NVDA (58.1%), AAPL (31.9%), MSFT (46.3%), AVGO (39.0%), ORCL (31.6%)
CFO/Rev LTM	6.9%	NVDA (46.6%), AAPL (26.6%), MSFT (50.0%), AVGO (42.4%), ORCL (36.5%)
FCF/Rev LTM	-21.7%	NVDA (43.6%), AAPL (23.5%), MSFT (26.6%), AVGO (41.6%), ORCL (-10.0%)
Total Yield	4.4%	CSCO (5.7%), IBM (4.9%), QCOM (7.8%), AMAT (4.4%), ACN (7.3%)

	FSLR	Better Performance than FSLR
Metric	Value	All Other Sectors
Rev Chg LTM	15.4%	META (21.3%), LLY (36.8%), NFLX (15.4%), GE (17.7%), MS (16.7%)
Rev Chg 3Y Avg	20.6%	LLY (23.4%), APP (23.7%), UBER (23.2%), HOOD (30.0%), WELL (20.9%)
Op Mgn LTM	31.3%	GOOGL (32.2%), META (43.2%), LLY (43.0%), V (66.5%), MA (58.3%)
CFO/Rev LTM	6.9%	GOOGL (39.3%), AMZN (18.1%), META (56.8%), TSLA (16.5%), LLY (20.5%)
FCF/Rev LTM	-21.7%	GOOGL (19.1%), AMZN (2.0%), META (23.7%), TSLA (7.1%), WMT (2.0%)
Total Yield	4.4%	JPM (6.5%), XOM (9.7%), JNJ (8.2%), BAC (6.8%), BABA (37.0%)

		Best Bets In Information Technology Sector
	FSLR	VRSN	NVDA	RMBS	YOU	GEN	IDCC	DBX	QCOM	MPWR	CRUS
What You Pay
P/E	22.8	27.6	57.0	48.4	16.1	27.2	18.8	16.3	17.1	25.9	19.6
P/EBIT	20.7	19.9	48.9	41.2	19.1	10.0	15.2	13.8	15.2	72.8	14.6
What You Get
Rev Chg Q	8.6%	7.3%	55.6%	22.7%	17.5%	30.3%	28.0%	-1.4%	10.3%	31.0%	8.9%
Rev Chg LTM	15.4%	5.5%	71.6%	31.0%	19.8%	10.6%	28.8%	-0.0%	15.8%	34.3%	4.5%
Rev Chg 3Y Avg	20.6%	5.2%	92.0%	17.3%	35.5%	14.8%	27.1%	4.1%	1.4%	20.0%	0.6%
FCF/Rev 3Y Avg	-14.8%	57.4%	41.3%	39.3%	37.3%	35.9%	54.2%	32.9%	26.1%	25.8%	20.4%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 24%, alpha of 2.9%, and sharpe of 1.04

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	First Solar Earnings Notes
2	Day 5 of Loss Streak for First Solar Stock with -8.6% Return (vs. 27% YTD) [10/22/2025]	Notification
3	With First Solar Stock Climbed 14% In A Day, How Confident Are You?	Return
4	FSLR Hits Key Support - Buying Opportunity?	Actionable
5	Big Move for FSLR, but Do IDCC's Margins and Growth Give It the Edge?	Counter-Intuitive Comparisons
6	How Does First Solar Stock Stack Up Against Its Peers?
7	Better Bet Than FSLR Stock: Pay Less Than First Solar To Get More From CALM
8	FSLR Dip Buy Analysis
9	First Solar Stock Jumps 14% In A Day, Time To Buy The Stock?	Buy or Fear
10	First Solar Total Shareholder Return (TSR): 2.3% in 2024 and 26.5% 3-yr compounded annual returns (above peer average)
11	ARTICLES
12	S&P 500 Movers \| Winners: FSLR, AMZN, WDC \| Losers: DXCM, MPWR, MSI		November 1st, 2025
13	Why FSLR Could Outperform Texas Instruments Stock		October 31st, 2025
14	Stronger Bet Than ON Semiconductor Stock: FSLR Delivers More		October 23rd, 2025
15	First Solar Stock Slides -8.6% With A 5-Day Losing Spree		October 23rd, 2025
16	After a 35% Surge, Can First Solar Keep Shining?		October 17th, 2025

	Title
0	DASHBOARDS
1	S&P 500 Movers \| Winners: FSLR, AMZN, WDC \| Losers: DXCM, MPWR, MSI
2	Why FSLR Could Outperform Texas Instruments Stock
3	Stronger Bet Than ON Semiconductor Stock: FSLR Delivers More
4	First Solar Stock Slides -8.6% With A 5-Day Losing Spree
5	After a 35% Surge, Can First Solar Keep Shining?
6	ARTICLES
7	First Solar Earnings Notes
8	Day 5 of Loss Streak for First Solar Stock with -8.6% Return (vs. 27% YTD) [10/22/2025]
9	With First Solar Stock Climbed 14% In A Day, How Confident Are You?
10	FSLR Hits Key Support - Buying Opportunity?
11	Big Move for FSLR, but Do IDCC's Margins and Growth Give It the Edge?
12	How Does First Solar Stock Stack Up Against Its Peers?
13	Better Bet Than FSLR Stock: Pay Less Than First Solar To Get More From CALM
14	FSLR Dip Buy Analysis
15	First Solar Stock Jumps 14% In A Day, Time To Buy The Stock?
16	First Solar Total Shareholder Return (TSR): 2.3% in 2024 and 26.5% 3-yr compounded annual returns (above peer average)

Trade Ideas

Select past ideas related to FSLR. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ZBRA_10312025_Dip_Buyer_FCFYield	10312025	ZBRA	Zebra Technologies	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	0.0%	0.0%	0.0%
ACN_10312025_Dip_Buyer_ValueBuy	10312025	ACN	Accenture	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	0.0%	0.0%	0.0%
ADBE_10312025_Dip_Buyer_ValueBuy	10312025	ADBE	Adobe	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	0.0%	0.0%	0.0%
TXN_10312025_Monopoly_xInd_xCD_Getting_Cheaper	10312025	TXN	Texas Instruments	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	0.0%	0.0%	0.0%
RUN_10312025_Short_Squeeze	10312025	RUN	Sunrun	Special	Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt.	0.0%	0.0%	0.0%
FSLR_5312025_Dip_Buyer_ValueBuy	05312025	FSLR	First Solar	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	68.9%	68.9%	-9.1%
FSLR_10312024_Dip_Buyer_ValueBuy	10312024	FSLR	First Solar	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-34.9%	37.3%	-38.1%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ZBRA_10312025_Dip_Buyer_FCFYield	10312025	ZBRA	Zebra Technologies	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	0.0%	0.0%	0.0%
ACN_10312025_Dip_Buyer_ValueBuy	10312025	ACN	Accenture	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	0.0%	0.0%	0.0%
ADBE_10312025_Dip_Buyer_ValueBuy	10312025	ADBE	Adobe	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	0.0%	0.0%	0.0%
TXN_10312025_Monopoly_xInd_xCD_Getting_Cheaper	10312025	TXN	Texas Instruments	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	0.0%	0.0%	0.0%
RUN_10312025_Short_Squeeze	10312025	RUN	Sunrun	Special	Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt.	0.0%	0.0%	0.0%
FSLR_5312025_Dip_Buyer_ValueBuy	05312025	FSLR	First Solar	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	68.9%	68.9%	-9.1%
FSLR_10312024_Dip_Buyer_ValueBuy	10312024	FSLR	First Solar	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-34.9%	37.3%	-38.1%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	BHF	Brighthouse Financial	24.9%	18.8%
2	ILMN	Illumina	24.8%	-7.6%
3	GDYN	Grid Dynamics	22.9%	-58.0%
4	ARDX	Ardelyx	21.0%	19.5%
5	TWLO	Twilio	19.5%	24.8%
6	TVTX	Travere Therapeutics	18.6%	101.8%
7	BJRI	BJ's Restaurants	18.4%	-3.3%
8	BFAM	Bright Horizons Family Solutions	18.4%	-1.5%
9	SLDP	Solid Power	17.8%	232.3%
10	QS	QuantumScape	16.8%	255.3%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	ATGE	Adtalem Global Education	-30.9%	7.9%
2	SVV	Savers Value Village	-30.4%	-10.1%
3	NWL	Newell Brands	-28.0%	-64.6%
4	OSPN	OneSpan	-26.5%	-37.1%
5	SPSC	SPS Commerce	-20.8%	-55.3%
6	SOC	Sable Offshore	-18.5%	-54.3%
7	PMI	Picard Medical	-16.2%	4265.1%
8	CPS	Cooper-Standard	-15.5%	122.9%
9	TBBK	Bancorp	-15.3%	24.2%
10	DXCM	DexCom	-14.6%	-25.1%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	PUMP	ProPetro	64.5%	11.3%
2	INBX	Inhibrx Biosciences	42.5%	430.3%
3	RNA	Avidity Biosciences	42.1%	140.2%
4	GCI	Gannett	40.6%	4.7%
5	CSIQ	Canadian Solar	38.4%	86.7%
6	DYN	Dyne Therapeutics	31.9%	-4.2%
7	ZBIO	Zenas BioPharma	30.8%	281.6%
8	IMVT	Immunovant	30.3%	-0.4%
9	BBNX	Beta Bionics	29.9%
10	MBX	MBX Biosciences	29.2%	19.2%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	LRN	Stride	-55.3%	-34.5%
2	NTLA	Intellia Therapeutics	-50.7%	8.2%
3	FMC	FMC	-50.2%	-67.4%
4	PMI	Picard Medical	-48.2%	4265.1%
5	FI	Fiserv	-46.7%	-67.5%
6	VRNS	Varonis Systems	-43.5%	-20.7%
7	THRY	Thryv	-38.1%	-47.9%
8	ATGE	Adtalem Global Education	-35.9%	7.9%
9	UAMY	United States Antimony	-32.8%	355.9%
10	SVV	Savers Value Village	-31.7%	-10.1%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PRAX	Praxis Precision Medicines	260.1%	158.3%
2	INBX	Inhibrx Biosciences	132.9%	430.3%
3	PUMP	ProPetro	93.3%	11.3%
4	VICR	Vicor	85.6%	87.8%
5	DYN	Dyne Therapeutics	79.9%	-4.2%
6	GLUE	Monte Rosa Therapeutics	68.4%	85.2%
7	NVTS	Navitas Semiconductor	64.2%	277.0%
8	SLDP	Solid Power	61.9%	232.3%
9	LUMN	Lumen Technologies	61.1%	93.6%
10	FLNC	Fluence Energy	60.9%	32.2%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PMI	Picard Medical	-69.9%	4265.1%
2	LRN	Stride	-53.2%	-34.5%
3	FMC	FMC	-51.7%	-67.4%
4	FI	Fiserv	-47.0%	-67.5%
5	SOC	Sable Offshore	-46.5%	-54.3%
6	VRNS	Varonis Systems	-40.8%	-20.7%
7	NFE	New Fortress Energy	-40.0%	-91.5%
8	LENZ	LENZ Therapeutics	-38.5%	2.9%
9	OGN	Organon	-38.3%	-53.7%
10	NTLA	Intellia Therapeutics	-38.3%	8.2%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	BHF	Brighthouse Financial	24.9%	18.8%
2	ILMN	Illumina	24.8%	-7.6%
3	GDYN	Grid Dynamics	22.9%	-58.0%
4	ARDX	Ardelyx	21.0%	19.5%
5	TWLO	Twilio	19.5%	24.8%
6	TVTX	Travere Therapeutics	18.6%	101.8%
7	BJRI	BJ's Restaurants	18.4%	-3.3%
8	BFAM	Bright Horizons Family Solutions	18.4%	-1.5%
9	SLDP	Solid Power	17.8%	232.3%
10	QS	QuantumScape	16.8%	255.3%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	ATGE	Adtalem Global Education	-30.9%	7.9%
2	SVV	Savers Value Village	-30.4%	-10.1%
3	NWL	Newell Brands	-28.0%	-64.6%
4	OSPN	OneSpan	-26.5%	-37.1%
5	SPSC	SPS Commerce	-20.8%	-55.3%
6	SOC	Sable Offshore	-18.5%	-54.3%
7	PMI	Picard Medical	-16.2%	4265.1%
8	CPS	Cooper-Standard	-15.5%	122.9%
9	TBBK	Bancorp	-15.3%	24.2%
10	DXCM	DexCom	-14.6%	-25.1%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	PUMP	ProPetro	64.5%	11.3%
2	INBX	Inhibrx Biosciences	42.5%	430.3%
3	RNA	Avidity Biosciences	42.1%	140.2%
4	GCI	Gannett	40.6%	4.7%
5	CSIQ	Canadian Solar	38.4%	86.7%
6	DYN	Dyne Therapeutics	31.9%	-4.2%
7	ZBIO	Zenas BioPharma	30.8%	281.6%
8	IMVT	Immunovant	30.3%	-0.4%
9	BBNX	Beta Bionics	29.9%
10	MBX	MBX Biosciences	29.2%	19.2%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	LRN	Stride	-55.3%	-34.5%
2	NTLA	Intellia Therapeutics	-50.7%	8.2%
3	FMC	FMC	-50.2%	-67.4%
4	PMI	Picard Medical	-48.2%	4265.1%
5	FI	Fiserv	-46.7%	-67.5%
6	VRNS	Varonis Systems	-43.5%	-20.7%
7	THRY	Thryv	-38.1%	-47.9%
8	ATGE	Adtalem Global Education	-35.9%	7.9%
9	UAMY	United States Antimony	-32.8%	355.9%
10	SVV	Savers Value Village	-31.7%	-10.1%

Peer Comparisons for First Solar

Financials

	FSLR	ENPH	RUN	SEDG	CSIQ	AMBQ	Median
Name	First So.	Enphase .	Sunrun	SolarEdg.	Canadian.	Ambiq Mi.
Mkt Price	266.94	30.51	20.76	35.09	20.76	30.56	30.54
Mkt Cap	28.6	4.0	4.8	2.1	1.4	-	4.0
Rev LTM	4,343	1,512	2,129	941	5,919	69	1,821
Op Inc LTM	1,362	207	-489	-1,319	-54	-38	-46
FCF LTM	-943	217	-3,716	-96	-2,047	-21	-520
FCF 3Y Avg	-557	454	-3,367	-246	-1,461	-	-557
CFO LTM	299	256	-811	-26	-240	-16	-21
CFO 3Y Avg	762	518	-793	-117	63	-	63

Growth & Margins

	FSLR	ENPH	RUN	SEDG	CSIQ	AMBQ	Median
Name	First So.	Enphase .	Sunrun	SolarEdg.	Canadian.	Ambiq Mi.
Rev Chg LTM	15.4%	21.0%	3.3%	-37.8%	-9.1%	-	3.3%
Rev Chg 3Y Avg	20.6%	0.5%	4.1%	-15.9%	-0.4%	-	0.5%
Rev Chg Q	8.6%	7.8%	8.7%	9.1%	3.6%	-	8.6%
QoQ Delta Rev Chg LTM	2.0%	2.0%	2.2%	2.6%	1.0%	-	2.0%
Op Mgn LTM	31.3%	13.7%	-23.0%	-140.2%	-0.9%	-54.6%	-11.9%
Op Mgn 3Y Avg	22.9%	12.9%	-29.4%	-54.5%	3.1%	-	3.1%
QoQ Delta Op Mgn LTM	-0.9%	0.9%	1.3%	13.4%	1.4%	-	1.3%
CFO/Rev LTM	6.9%	16.9%	-38.1%	-2.7%	-4.1%	-22.6%	-3.4%
CFO/Rev 3Y Avg	21.7%	27.1%	-35.5%	-8.5%	0.1%	-	0.1%
FCF/Rev LTM	-21.7%	14.4%	-174.5%	-10.3%	-34.6%	-29.7%	-25.7%
FCF/Rev 3Y Avg	-14.8%	23.7%	-153.5%	-15.8%	-23.2%	-	-15.8%

Valuation

	FSLR	ENPH	RUN	SEDG	CSIQ	AMBQ	Median
Name	First So.	Enphase .	Sunrun	SolarEdg.	Canadian.	Ambiq Mi.
Mkt Cap	28.6	4.0	4.8	2.1	1.4	-	4.0
P/S	6.6	2.6	2.2	2.2	0.2	-	2.2
P/EBIT	20.7	16.5	-1.3	-1.3	-50.9	-	-1.3
P/E	22.8	20.4	-1.9	-1.2	-202.2	-	-1.2
P/CFO	95.8	15.6	-5.9	-80.6	-5.8	-	-5.8
Total Yield	4.4%	4.9%	-54.0%	-84.7%	-0.5%	-	-0.5%
Dividend Yield	0.0%	0.0%	0.0%	0.0%	0.0%	-	0.0%
FCF Yield 3Y Avg	-2.6%	3.9%	-133.5%	-14.8%	-166.2%	-	-14.8%
D/E	0.0	0.3	3.0	0.4	5.1	-	0.4
Net D/E	-0.0	-0.1	2.8	0.0	3.8	-	0.0

Returns

	FSLR	ENPH	RUN	SEDG	CSIQ	AMBQ	Median
Name	First So.	Enphase .	Sunrun	SolarEdg.	Canadian.	Ambiq Mi.
1M Rtn	18.7%	-17.6%	13.1%	-9.1%	39.4%	2.3%	7.7%
3M Rtn	45.1%	-2.9%	110.8%	37.3%	83.4%	-22.7%	41.2%
6M Rtn	104.5%	-33.0%	184.8%	167.9%	117.4%	-	117.4%
12M Rtn	37.3%	-63.3%	43.7%	105.7%	45.8%	-	43.7%
3Y Rtn	79.7%	-89.8%	-8.0%	-84.4%	-37.9%	-	-37.9%
1M Excs Rtn	13.1%	-21.0%	6.5%	-9.4%	34.1%	1.1%	3.8%
3M Excs Rtn	37.5%	-11.8%	106.0%	28.8%	72.6%	-28.0%	33.2%
6M Excs Rtn	84.2%	-53.3%	164.5%	147.6%	97.1%	-	97.1%
12M Excs Rtn	16.4%	-80.5%	29.5%	92.0%	30.8%	-	29.5%
3Y Excs Rtn	24.6%	-168.1%	-82.9%	-163.0%	-111.5%	-	-111.5%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	6/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	7/31/2025	2/25/2025	2/27/2024	2/28/2023	3/1/2022	2/26/2021	2/21/2020
Key Financials
Total Revenue	4,343	4,206	3,319	2,619	2,923	2,711	3,063
EBITDA	1,868	1,869	1,212	291	845	550	112
Operating Income	1,362	1,394	886	-281	439	323	201
Net Income	1,257	1,292	831	-44	469	398	-115
EPS	11.74	12.07	7.78	-0.41	4.41	3.76	-1.09
Growth Rates
Total Revenue Growth	15.4%	26.7%	26.7%	-10.4%	7.8%	-11.5%	36.5%
EBITDA Growth	10.8%	54.2%	317.2%	-65.6%	53.6%	389.4%	-58.3%
Operating Income Growth	6.5%	57.3%	415.6%	-163.9%	35.9%	60.8%	401.6%
Net Income Growth	4.5%	55.5%	1981.0%	-109.4%	17.7%	446.6%	-179.6%
Margins
EBITDA Margin	43.0%	44.4%	36.5%	11.1%	28.9%	20.3%	3.7%
Operating Income Margin	31.3%	33.1%	26.7%	-10.7%	15.0%	11.9%	6.6%
Net Income Margin	29.0%	30.7%	25.0%	-1.7%	16.0%	14.7%	-3.8%
Cash & Debt
Total Cash	1,154	1,793	2,102	2,578	1,826	1,747	2,164
Total Debt	1,067	719	624	234	399	482	595
Net Debt / (Cash)	-87	-1,074	-1,478	-2,344	-1,427	-1,265	-1,569
Cash Flows
Net Cash from Operations	299	1,218	602	873	238	37	174
Free Cash from Operations	-943	-308	-785	-30	-303	-380	-495
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0

$ Mil \| FY: 12/31	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3
Period End	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Filing Date	7/31/2025	4/29/2025	2/25/2025	10/29/2024	7/30/2024	5/1/2024	2/27/2024	10/31/2023	7/27/2023	4/27/2023	2/28/2023	10/28/2022
Key Financials Quarterly
Total Revenue	1,097	845	1,514	888	1,010	794	1,159	801	811	548	1,002	629
Ebitda	486	352	582	448	484	355	473	372	262	105	67	9
Operating Income	362	221	457	322	373	242	391	273	204	18	-46	-74
Net Income	342	210	393	313	349	237	349	268	171	43	-8	-49
EPS	3.19	1.96	3.67	2.92	3.26	2.21	3.27	2.51	1.60	0.40	-0.07	-0.46
Key Financials TTM
Total Revenue TTM	4,343	4,257	4,206	3,851	3,764	3,564	3,319	3,162	2,990	2,801	2,619	2,524
Ebitda TTM	1,868	1,866	1,869	1,760	1,685	1,462	1,212	806	443	391	291	458
Operating Income TTM	1,362	1,373	1,394	1,328	1,279	1,110	886	449	102	-203	-281	-61
Net Income TTM	1,257	1,265	1,292	1,248	1,204	1,025	831	474	156	42	-44	95
Growth Rates Quarterly
Total Revenue Growth	8.6%	6.4%	30.7%	10.8%	24.6%	44.8%	15.6%	27.4%	30.6%	49.4%	10.5%	7.8%
EBITDA Growth	0.4%	-0.8%	22.9%	20.3%	85.1%	237.5%	605.6%	4158.6%	24.9%	1879.6%	-71.4%	-92.4%
Operating Income Growth	-3.0%	-8.6%	16.8%	18.1%	82.8%	1243.2%	947.8%	466.9%	302.8%	130.2%	-126.6%	-241.0%
Net Income Growth	-2.1%	-11.4%	12.6%	16.6%	104.8%	455.9%	4726.9%	645.9%	205.7%	198.4%	-105.7%	-208.8%
Margins Quarterly
EBITDA Margin	44.3%	41.7%	38.4%	50.4%	47.9%	44.7%	40.9%	46.4%	32.3%	19.2%	6.7%	1.4%
Operating Income Margin	33.0%	26.2%	30.2%	36.3%	36.9%	30.5%	33.8%	34.0%	25.2%	3.3%	-4.6%	-11.8%
Net Income Margin	31.2%	24.8%	26.0%	35.3%	34.6%	29.8%	30.1%	33.5%	21.0%	7.8%	-0.8%	-7.8%
Cash & Debt
Total Cash	1,154	891	1,793	1,270	1,740	1,990	2,102	1,822	1,884	2,271	2,578	1,927
Total Debt	1,067	630	719	694	622	682	624	543	483	368	234	313
Net Debt / (Cash)	-87	-260	-1,074	-576	-1,118	-1,309	-1,478	-1,279	-1,401	-1,903	-2,344	-1,614
Cash Flows Quarterly
FCF from Operations	150	-608	811	-54	193	268	561	165	-90	-35	795	129
Cash Flows TTM
FCF from Operations TTM	299	342	1,218	968	1,187	905	602	836	800	978	873	113
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	53.1%	34.8%	98.1%	57.3%	87.5%	64.7%	117.2%	71.9%	57.4%	9.2%	-52.5%	-22.2%
Return on Invested Capital (ROIC) TTM
ROIC TTM	48.2%	51.7%	78.1%	57.7%	75.0%	73.9%	66.7%	29.9%	7.9%	-10.1%	-79.8%	-3.0%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Modules	3,297	2,428	2,331	1,736	1,460
Other	22	191	592
Systems				975	1,603
Total	3,319	2,619	2,923	2,711	3,063

Price Behavior

Price Behavior

Market Price	$266.94
Market Cap ($ Bil)	28.6
First Trading Date	11/17/2006
Distance from 52W High	0.0%
	50 Days	200 Days
DMA Price	$219.35	$172.46
DMA Trend	up	up
Distance from DMA	21.7%	54.8%
	3M	1YR
Volatility	55.8%	63.0%
Downside Capture	33.18	87.50
Upside Capture	195.90	102.14
Correlation (SPY)	21.0%	27.5%

FSLR Betas & Captures as of 10/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	1.83	1.47	0.98	1.49	0.86	1.07
Up Beta	-1.71	-0.77	0.51	2.12	0.80	1.03
Down Beta	1.31	1.59	1.25	1.24	0.91	0.99
Up Capture	450%	326%	217%	233%	96%	143%
Bmk +ve Days	14	27	37	74	145	425
Stock +ve Days	11	23	32	66	121	366
Down Capture	221%	103%	-10%	38%	88%	103%
Bmk -ve Days	9	17	28	53	106	327
Stock -ve Days	12	21	33	60	129	386

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of FSLR With Other Asset Classes (Last 1Y)
	FSLR	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	30.2%	31.3%	18.5%	45.3%	3.1%	-4.4%	57.2%
Annualized Volatility	62.7%	27.3%	19.6%	19.9%	16.3%	18.1%	37.0%
Sharpe Ratio	0.66	0.97	0.74	1.77	0.00	-0.39	0.94
Correlation With Other Assets		29.9%	27.0%	1.3%	16.8%	12.7%	9.7%

ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		Comparison of FSLR With Other Asset Classes (Last 5Y)
	FSLR	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	25.6%	21.4%	16.1%	15.6%	12.7%	5.9%	53.2%
Annualized Volatility	53.9%	24.7%	17.2%	15.6%	18.9%	19.2%	49.2%
Sharpe Ratio	0.63	0.78	0.77	0.80	0.56	0.23	0.80
Correlation With Other Assets		32.9%	31.9%	7.4%	9.2%	23.9%	16.0%

Based On 10-Year Data

		Comparison of FSLR With Other Asset Classes (Last 10Y)
	FSLR	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	18.1%	22.6%	14.5%	12.7%	5.2%	5.0%	82.0%
Annualized Volatility	50.2%	24.2%	18.0%	14.7%	17.7%	20.9%	56.2%
Sharpe Ratio	0.53	0.86	0.70	0.71	0.23	0.21	0.98
Correlation With Other Assets		37.9%	38.4%	3.4%	17.1%	28.7%	11.7%

Short Interest

Short Interest: As Of Date	10152025
Short Interest: Shares Quantity	8,408,393
Short Interest: % Change Since 9302025	-13.4%
Average Daily Volume	2,241,437
Days-to-Cover Short Interest	3.75
Basic Shares Quantity	107,245,000
Short % of Basic Shares	7.8%

Returns Analyses

	Title
0	With First Solar Stock Climbed 14% In A Day, How Confident Are You?
1	First Solar Stock Return Comparison
2	[10/12/2021] First Solar (FSLR) Stock Price Forecast: AI Forecasts FSLR Stock Price To Be Around $108.20 In A Month (Up 2.8%)
3	First Solar Total Shareholder Return (TSR): 71.9% in 2022 and 38.8% 3-yr returns (below peer average)

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
10/30/2025	14.3%
7/31/2025	5.3%	6.2%	11.7%
2/20/2025	-5.3%	-14.0%	-20.0%
10/29/2024	-1.1%	8.1%	-3.6%
7/30/2024	2.4%	-0.2%	8.4%
2/27/2024	2.9%	9.7%	15.5%
10/31/2023	0.3%	1.3%	10.8%
7/27/2023	4.8%	-1.3%	-10.7%
...
SUMMARY STATS
# Positive	12	11	13
# Negative	7	8	6
Median Positive	5.1%	9.4%	12.2%
Median Negative	-1.1%	-7.4%	-15.0%
Max Positive	15.7%	26.7%	37.6%
Max Negative	-14.7%	-25.4%	-43.2%

	Forward Returns
10/30/2025	14.3%
7/31/2025	5.3%	6.2%	11.7%
2/20/2025	-5.3%	-14.0%	-20.0%
10/29/2024	-1.1%	8.1%	-3.6%
7/30/2024	2.4%	-0.2%	8.4%
2/27/2024	2.9%	9.7%	15.5%
10/31/2023	0.3%	1.3%	10.8%
7/27/2023	4.8%	-1.3%	-10.7%
2/28/2023	15.7%	26.7%	27.3%
10/27/2022	1.1%	20.2%	26.3%
7/28/2022	12.1%	12.1%	37.6%
3/1/2022	-8.1%	5.2%	8.4%
11/4/2021	-0.3%	-2.6%	-15.0%
7/29/2021	2.7%	9.4%	12.8%
2/25/2021	-0.5%	-7.4%	5.3%
10/27/2020	13.3%	5.9%	12.2%
8/6/2020	13.1%	17.5%	11.8%
5/7/2020	-1.1%	-10.9%	21.9%
2/20/2020	-14.7%	-25.4%	-43.2%
SUMMARY STATS
# Positive	12	11	13
# Negative	7	8	6
Median Positive	5.1%	9.4%	12.2%
Median Negative	-1.1%	-7.4%	-15.0%
Max Positive	15.7%	26.7%	37.6%
Max Negative	-14.7%	-25.4%	-43.2%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
9302025	10302025	10-Q 9/30/2025
6302025	7312025	10-Q 6/30/2025
3312025	4292025	10-Q 3/31/2025
12312024	2252025	10-K 12/31/2024
9302024	10292024	10-Q 9/30/2024
6302024	7302024	10-Q 6/30/2024
3312024	5012024	10-Q 3/31/2024
12312023	2272024	10-K 12/31/2023
9302023	10312023	10-Q 9/30/2023
6302023	7272023	10-Q 6/30/2023
3312023	4272023	10-Q 3/31/2023
12312022	2282023	10-K 12/31/2022
9302022	10282022	10-Q 9/30/2022
6302022	7292022	10-Q 6/30/2022
3312022	4292022	10-Q 3/31/2022
12312021	3012022	10-K 12/31/2021

Insider Activity

Expand for More

	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Dymbort Jason E.	General Counsel and Secretary	8202025	Sell	215.33	1,824	392,762	4,403,283	Form
1	Widmar Mark R	Chief Executive Officer	8182025	Sell	185.15	47	8,702	15,577,595	Form
2	Widmar Mark R	Chief Executive Officer	8142025	Sell	181.78	200	36,356	20,303,008	Form
3	Buehler Patrick James	Chief Product Officer	7072025	Sell	180.00	1,600	288,000	791,640	Form
4	Buehler Patrick James	Chief Product Officer	6042025	Sell	149.08	1,868	278,481	894,182	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

First Solar (FSLR)

Market Price (11/1/2025): $267.01 | Market Cap: $28.6 BilSector: Information Technology | Industry: Semiconductors

First Solar (FSLR)

Market Price (11/1/2025): $267.01Market Cap: $28.6 BilSector: Information TechnologyIndustry: Semiconductors

Market Valuation & Key Metrics

FSLR Stock

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About First Solar (FSLR)

Interactive Breakdown

Better Bets than First Solar (FSLR)

Latest Trefis Analyses

Trade Ideas

Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

1 Month Top Gainers

1 Month Top Losers

Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for First Solar

Financials

Growth & Margins

Valuation

Returns

Comparison Analyses

FDIC Bank Data

Bank Capital

Bank Deposits

Bank Assets

Bank Loans

Financials

Segment Financials

Price Behavior

Based On 1-Year Data

Based On 5-Year Data

Based On 10-Year Data

Short Interest

Returns Analyses

Earnings Returns History

SEC Filings

Insider Activity

Industry Resources

External Quote Links

Market Price (11/1/2025): $267.01 | Market Cap: $28.6 Bil
Sector: Information Technology | Industry: Semiconductors

Market Price (11/1/2025): $267.01
Market Cap: $28.6 Bil
Sector: Information Technology
Industry: Semiconductors