Financial Performance
5Y price score: 212
The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.
A score of 100 indicates that the stock did as well as the S&P 500 Index.
A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.
10Y return: 344.1%
US$ Per
Share
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171.9
52-week range
320.9
Your model inputs
Your fair value & Margin of safety
To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.
Forecast:
Valuation
Free Cash Flow Yield
7.3 %
Dividend Yield TTM
-
Market cap $
$ 22,779
Price / Earnings TTM
13.7
Price / Book TTM
2.3
PEG TTM
0.8
Earnings growth and return
LTM
5YR
10YR
Total return (price & dividends)
22.2 %
153.9 %
344.1 %
Free cash flow per share growth
485.3 %
410.4 %
313.1 %
Earnings per share growth
18.2 %
281 %
164.6 %
Founded: 1,999
Employees: 8,100
Business Summary:
Latest Earnings Call Takeaways
2026 Q1 (Apr 30, 2026)
1) Q1 2026 Performance Highlights - First Solar reported record first-quarter revenue of $1 billion, a 24% increase YoY, driven by a 31% increase in module volume. - Adjusted EBITDA reached $520 million, exceeding the high end of the guidance range, with a margin of 50%. - The company secured gross bookings of 1.9 gigawatts, including 1.4 gigawatts in the U.S. at an average selling price (ASP) of approximately $0.35 per watt.
2) Technology and Manufacturing Updates - The CuRe technology launch is complete, expected to enhance energy yield by up to 8% compared to traditional crystalline silicon. - First Solar produced 4.3 gigawatts of modules in Q1, with U.S. facilities operating at 96% utilization. - The South Carolina finishing facility is on track to start production in H2 2026, optimizing costs and benefiting from tax credits.
3) Market Position and Competitive Landscape - First Solar's competitive edge is strengthened by its differentiated technology and domestic manufacturing footprint, reducing dependency on Chinese supply chains. - In the U.S., headwinds from trade remedies and IP litigation are expected to impact crystalline silicon competitors. - The Indian market remains robust, with strong demand for utility-scale and distributed solar applications, supported by favorable policy frameworks.
4) Financial Guidance and Outlook - Full-year 2026 guidance remains unchanged, with Q2 expected sales volumes between 3.4 and 4 gigawatts and adjusted EBITDA of $400 million to $500 million. - The contracted backlog stands at 47.9 gigawatts, valued at $14.4 billion, with deliveries planned through 2030. - The company is maintaining a selective approach to new bookings pending clarity on trade and regulatory matters.
5) Risks and Uncertainties - The outcome of the Section 232 tariff decision, expected in Q2, could significantly impact pricing and demand dynamics. - The company is cautious about future bookings until there is more certainty regarding tariffs and trade policies. - There is ongoing uncertainty regarding the impact of proposed efficiency standards in India and potential changes to the tariff landscape.
Bottom line: First Solar's strong Q1 performance, driven by robust demand and strategic technology advancements, positions the company well for 2026. However, pending regulatory decisions and market dynamics present risks that investors should monitor closely.
Annual Reports, Presentations And IR Contacts
Go to the websiteFirst Solar — Financial Overview, Stock Price, Market Cap
First Solar is a company. Founded in 1999. As of July 20, 2026, the company's market capitalization is $22778961470 with a current stock price of $211.99.