First Solar, Inc. (FSLR) - Stock Analysis

Last updated: Sep 6, 2026

EnergyClosed

Research Idea

Research content for general circulation. Not individualized advice. Methodology & Disclosures

Medium-term growth story supported by record 5.3 GW module sales and $1.1B new manufacturing facility, aligned with favorable U.S. trade policies. Near-term challenges include contract terminations, supply constraints, margin compression, and recent sell-side downgrades causing >10% pullback. Cautious near-term stance; monitor margin recovery and backlog stability.

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Idea window: 1/8/2026 – 1/15/2026Sector: Energy

AI Analyst Overview

Last Price
$209.03
Market Cap
$22.46B
1D Return
+0.90%
YTD Return
-19.98%

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Valuation Metrics

P/E
12.9
P/B
2.2
P/S
4.2
EV/EBITDA
9.2
Div Yield
—

Fundamental Analysis

7.0

Key Financial Insights: • High Profitability • Minimal Debt • Negative Free Cash Flow FSLR offers strong profitability, liquidity, and low debt at a relatively lower valuation, but investors should monitor negative quarterly free cash flow and declining cash balances.

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Price Behavior

4.0

Key Price Behavior Insights: • Short-term downtrend • Tentative price support • Key breakout level Support Level: $199.65–$202.60 Resistance Level: $207–$210 FSLR remains in a short-term downtrend over the last month, but tentative support near $199.65–$202.60 and stabilization above the five-day average suggest a potential rebound if it clears $207–$210.

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TechnicalAnalysis

Sentiment & News

5.0

Key News Insights: • Contracted Backlog • Tariff Headwinds • Investor Litigation First Solar's strong backlog, cash position and domestic-demand tailwinds are offset by tariff uncertainty, reduced guidance and securities litigation, creating a mixed near-term outlook.

SolarStocks
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AI Summary

6.0
Neutral

FSLR is best viewed as a policy-protected domestic manufacturer whose attractive backlog, margins, net-cash balance sheet, and low valuation matter only if it converts contracted demand into sustainable operating cash flow; investors should wait for improving receivables, inventory, and free cash flow before treating the post-guidance selloff as a buying opportunity.

DomesticManufacturing
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AI summary updated 5 days ago

Description

First Solar, Inc. designs, manufactures and sells cadmium telluride photovoltaic modules that convert sunlight into electricity and are supplied to project developers, utilities, independent power producers, commercial and industrial customers, and other system owners. The company sells its products internationally, including operations in the United States and several other markets, and has been headquartered in Tempe, Arizona since its founding in 1999.

Idea History

DateCloseTickerCompanySummaryStatusP/L
Jan 8Jan 15FSLRFirst Solar, Inc.
Medium-term growth story supported by record 5.3 GW module sales and $1.1B new manufacturing facility, aligned with favorable U.S. trade policies. Near-term challenges include contract terminations, supply constraints, margin compression, and recent sell-side downgrades causing >10% pullback. Cautious near-term stance; monitor margin recovery and backlog stability.
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Research content for educational purposes only. Not investment advice. All decisions are your responsibility.