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First Solar, Inc. (FSLR) Stock: Price, Forecast & Analyst Target

First Solar, Inc. (FSLR) — MoonshotScore 80/100 (Exceptional band), calculated Oct 4, 2026. Price $174.61 (+1.45%), as of the Oct 2, 2026 trading session; market cap $18.8B. Expected results Oct 29, 2026.

Educational signal · not a buy or sell recommendation · How to read this

$174.61 +$2.50 (+1.45%) Market Cap $18.8B

First Solar, Inc. · FSLR · NASDAQ · Energy · Solar

Research dated 2026-09-12: FSLR engineers, manufactures and sells cadmium telluride photovoltaic modules to developers, utilities, independent power producers and other system owners; it is a module supplier, not simply a wager on electricity prices. Cadmium telluride module profitability must remain strong enough to support heavy manufacturing investment while absorbing the tariff and freight costs built into management’s outlook.

Price as of Oct 2, 2026

Key Statistics

80 of 100

MoonshotScore v2 · First Solar (FSLR)

Exceptional
Business Quality Elite (87)
Financial Safety Fortress (91)
Valuation Full (56)
Growth Durability Compounding (91)
Momentum Slipping (20)
Why this rating? Method, drivers & history

Bands for the MoonshotScore: Exceptional 80-100 · Strong 65-79 · Fair 45-64 · Weak below 45.

  • Business Quality — Is this a genuinely good business?
  • Financial Safety — Could this blow up on me?
  • Valuation — Am I paying a fair price?
  • Growth Durability — Is the growth real and likely to last?
  • Momentum — Is the market already moving on this?
The ten-second read ·

High quality, a fortress balance sheet and elite growth, with no real weak spot — fairly priced, so not a bargain entry, and the price trend has turned against it. Business Quality: Elite; Financial Safety: Fortress; Valuation: Full; Growth Durability: Compounding; Momentum: Slipping.

  • quarterly revenue $1.06B (Q2 FY2026, quarter ended Jun 2026)
  • EPS beat 3 of 8
  • expected results Oct 29, 2026

Holding back: weak price trend

Helping: business quality, balance-sheet strength, durable growth

What has the MoonshotScore done over time?

MoonshotScore snapshots recorded for FSLR (29 recorded, newest six shown)
RecordedScoreBand
81Exceptional
79Strong
81Exceptional
81Exceptional
81Exceptional
81Exceptional

The score was 80 in the stored Oct 3, 2026 snapshot and remains 80 in the current publication computed Oct 4, 2026 (0).

Calculation uses the most recent completed US trading session. Live price changes do not update the score immediately.

Computed · Educational signal · not a buy or sell recommendation · How the MoonshotScore is computed →

Price & valuation

Dates shown where recorded
MeasureValueAs of
Latest provided price$174.61
Change on the day+1.45%
52-week range$168.60–$320.95
Market capitalisation$18.8B
Price / earnings (trailing)10.75
Shares traded on the day1.90M
Beta (volatility vs the S&P 500)1.73

Price & events

Weekly closing price with reported quarters marked Weekly closing price from Sep 5, 2025 to Oct 2, 2026: low $175, high $307, latest $175. $307 $175 high $307 Sep 5, 2025 Oct 2, 2026 · $175 $205Sep 5, 2025$212Sep 19, 2025$230Oct 3, 2025$232Oct 17, 2025$267Oct 31, 2025$253Nov 14, 2025$273Nov 28, 2025$255Dec 12, 2025$270Dec 26, 2025$239Jan 9, 2026$242Jan 23, 2026$219Feb 6, 2026$242Feb 20, 2026$189Mar 6, 2026$193Mar 20, 2026$195Apr 2, 2026$190Apr 17, 2026$212May 1, 2026$233May 15, 2026$307May 29, 2026$267Jun 12, 2026$239Jun 26, 2026$228Jul 10, 2026$203Jul 24, 2026$250Aug 7, 2026$214Aug 21, 2026$204Sep 4, 2026$196Sep 18, 2026$175Oct 2, 2026

Point at or tab to any week for its close.

Other perspectives

Council score for First Solar (FSLR): perspectives

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

5-Factor Breakdown

Growth Durability Strong
Momentum Negative
Business Quality Strong
Financial Safety Strong
Valuation Neutral

Legends Council

5 lenses, 0 current

AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built

Dalio-style lens (simulated) Ray Dalio Favorable read
Griffin-style lens (simulated) Ken Griffin Favorable read
Englander-style lens (simulated) Izzy Englander Neutral read
Klarman-style lens (simulated) Seth Klarman Unfavorable read
Moon AI lens (model) Favorable read

Read on: Sep 29, 2026 · older than the 27 hours refresh window; not a current reading

Munger's Mindset

Balance Sheet & Valuation · historical

Financial Health Strong
Margin of Safety Undervalued
Profit Margin Strong
Revenue Growth Strong
Debt/Equity Strong
ROE Moderate
Gross Margin Moderate

Read on: Sep 10, 2026 · older than the 27 hours refresh window; not a current reading

How to read these bars and different assessments

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.

On Sep 10, 2026, the Munger lens read the price at that time as undervalued against its own estimate of value.

Readings on this page are from Oct 5, 2026, except a card that shows its own read date.

Watch the FSLR film — every key number, told as a short cinematic story

~2 min · open the film

1 · What is it?

What is First Solar (FSLR), and what does it report?

Short answer · as of

Reported revenue is concentrated in the Solar Module business.

Research dated 2026-09-12.

Reported revenue is concentrated in the Solar Module business. The statements therefore measure the economics of engineering, manufacturing and delivering photovoltaic modules, rather than recurring electricity sales from a portfolio of owned generating assets.

That distinction matters because module deliveries and manufacturing economics can produce uneven periods even when the annual direction is favorable. The annual record shows strong revenue and profit expansion, while the quarterly series shows meaningful variation in sales and earnings.

Sources (as of 2026-09-12): Business description; Revenue by segment; Annual revenue and net result (USD millions); Quarterly income statement (USD thousands)

2 · Latest results

What do the latest results show for First Solar (FSLR)?

Short answer · as of

The most recent reported quarter, Q2 FY2026, carried revenue of $1.06B.

Research dated 2026-09-12.

The latest period brought nearly flat sequential revenue, yet gross profit, operating income, net income and diluted earnings all advanced. Earnings cleared the estimate even though revenue finished slightly below expectations; across the longer annual series, revenue and net income have expanded alongside rising research spending.

Cash conversion was less smooth. Operating cash flow remained negative after the prior period while capital spending continued, contrasting with the substantial inflows recorded late in the prior year. Management’s outlook incorporates tariff and freight costs, along with offsetting revisions between production start-up and research expense.

Sources (as of 2026-09-12): Quarterly income statement (USD thousands); Annual revenue and net result (USD millions); Operating cash flow by quarter (USD millions); Reported versus estimated, last 8 quarters; Most recent periodic reports; Management outlook — dated call excerpts

Where is operating spending going?

Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.

Where is operating spending going? — FMP standardized evidence
Period endRevenueR&DSG&AFMP standardized operating result
Jun 30, 2026Not availableNot availableNot availableNot available
Mar 31, 2026Not availableNot availableNot availableNot available
Dec 31, 2025Not availableNot availableNot availableNot available
Sep 30, 2025Not availableNot availableNot availableNot available

USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.

Quarterly income statement — 4 quarters
Revenue, net income and earnings per share by quarter
PeriodRevenueNet incomeEPS
Q2 FY2026$1.06B$423M$3.92 (diluted)
Q1 FY2026$1.04B$347M$3.22 (diluted)
Q4 FY2025$1.68B$521M$4.84 (diluted)
Q3 FY2025$1.59B$456M$4.24 (diluted)
3 · Financial strengths and risks

What are the financial strengths and risks for First Solar (FSLR)?

Short answer

Cash and short-term investments were $0.00 at the Jun 30, 2026 balance-sheet date. This figure does not establish a cash runway.

Research dated 2026-09-12.

Liquidity is substantial: cash and short-term investments tower over debt, liquidity ratios sit comfortably above parity, and the available distress and quality screens remain favorable. The company carries net cash, although that cushion represents a modest portion of its market value.

Conversion and capital intensity are the pressure points. Cash has fallen sharply from its recent peak as operating cash flow stayed negative and capital spending continued, despite robust reported margins and profits. Persistence in that pattern would make manufacturing investment increasingly dependent on the existing liquidity reserve.

Sources (as of 2026-09-12): Cash, investments and debt; Cash and investment components; Cash and short-term investments over time (USD millions); Cash against market value; Trailing twelve-month ratio set; Distress and quality screens; Operating cash flow by quarter (USD millions); Quarterly income statement (USD thousands)

4 · What to check next?

What should you watch next at First Solar (FSLR)?

Short answer · as of

The next earnings report is expected on Oct 29, 2026.

Research dated 2026-09-12.

Module revenue, gross profit and operating cash flow need to be read together. A healthier pattern would combine renewed sales expansion with durable gross profit, positive operating cash flow and a slower drawdown in liquidity.

Management has already incorporated tariff and freight effects into its outlook, making the gap between module earnings and cash realization especially important. Consensus estimates imply continued revenue expansion but a less uniform earnings path, so the forthcoming release should be judged against both the near-term estimate and the longer cash-conversion pattern.

Sources (as of 2026-09-12): Next earnings report; Analyst revenue and earnings estimates (average); Reported versus estimated, last 8 quarters; Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions); Cash and short-term investments over time (USD millions); Management outlook — dated call excerpts; Recent SEC filings

What the records here don't tell us

  • No forward revenue or earnings estimate is on file.

Checked against the records this page reads, on the dates shown above.

5 · Peer comparison

How does First Solar compare with its peers?

Short answer

First Solar's score ranks 3rd of 13 in the bounded comparison shown, against 12 same-model peers. These are company scores, not expected investment returns. The set lists named competitors first, then companies in the same data-provider industry classification closest in market value; that classification is the provider's, not our judgment of business similarity.

Research dated 2026-09-12.

FSLR belongs beside photovoltaic module manufacturers more than solar project operators. It sells cadmium telluride modules to the companies that develop, own and operate energy systems, so its reported economics come primarily from manufacturing and module delivery rather than selling electricity from owned assets.

The concentrated Solar Module reporting structure makes that distinction unusually clear. It also provides less operating diversification if module deliveries weaken or tariff, freight and production costs erode manufacturing economics.

Sources (as of 2026-09-12): Business description; Revenue by segment; Annual revenue and net result (USD millions); Trailing twelve-month ratio set; Management outlook — dated call excerpts

Peer set — price, market value and MoonshotScore
CompanyPriceMarket valueScore
TOYO Co., Ltd. (TOYO) Same industry, near in market value$4.37 Oct 2, 2026$187M88 5-pillar Oct 4, 2026
Cenovus Energy Inc. (CVE) Named competitor$32.40 Oct 2, 2026$59.8B85 5-pillar Oct 4, 2026
First Solar (FSLR) — this page$174.61$18.8B80
EQT Corporation (EQT) Named competitor$50.17 Oct 2, 2026$31.4B79 5-pillar Oct 4, 2026
Woodside Energy Group Ltd (WDS) Named competitor$21.79 Oct 2, 2026$41.3B65 5-pillar Oct 4, 2026
Halliburton Company (HAL) Named competitor$31.85 Oct 2, 2026$26.6B64 5-pillar Oct 4, 2026
Targa Resources Corp. (TRGP) Named competitor$281.74 Oct 2, 2026$60.5B63 5-pillar Oct 4, 2026
Enphase Energy, Inc. (ENPH) Same industry, near in market value$33.47 Oct 2, 2026$4.42B48 5-pillar Oct 4, 2026
Tigo Energy, Inc. (TYGO) Same industry, near in market value$0.87 Oct 2, 2026$66.6M38 5-pillar Oct 4, 2026
Shoals Technologies Group, Inc. (SHLS) Same industry, near in market value$8.30 Oct 2, 2026$1.39B36 5-pillar Oct 4, 2026
JinkoSolar Holding Co., Ltd. (JKS) Same industry, near in market value$9.15 Oct 2, 2026$120M35 5-pillar Oct 4, 2026
Daqo New Energy Corp. (DQ) Same industry, near in market value$11.00 Oct 2, 2026$744M30 5-pillar Oct 4, 2026
Array Technologies, Inc. (ARRY) Same industry, near in market value$4.08 Oct 2, 2026$628M28 5-pillar Oct 4, 2026

Only 5-pillar scores are ranked together. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.

Screen more Energy stocks

The records behind this page

Analyst targets & estimates

What analysts have on file

Price target, low to high
$197.00 – $324.00
Consensus target
$267.31
Median target
$267.50

Consensus record · Captured .

Measured against a quoted price of $174.61 (as of Oct 2, 2026).

Insider activity

Form 4 records via FMP · Of the newest 100 records, those within the last 180 days, newest dated Oct 1, 2026

Transactions
99
Identified insiders
20
Purchases
0
Sales
61
Other transactions
38

Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.

What has been published about First Solar (FSLR)?

Read these with our analysis →

What Investors Ask About First Solar (FSLR) — Energy

Research dated 2026-09-12; the answers below are from that research, and the full attribution is under Sources. The last 3 questions are answered from this page's own dated data, not from the research.

Is FSLR a solar farm operator or a cadmium telluride module manufacturer?

Module manufacturing and sales are the primary business. Developers, utilities, independent power producers and other system owners buy the modules for photovoltaic energy systems.

Sources (as of 2026-09-12): Business description; Revenue by segment

What makes FSLR cash flow look weaker than its module profits?

Recent periods combined positive net income with negative operating cash flow, while capital spending continued. The resulting cash drawdown shows that reported module profitability has not recently translated into comparable cash accumulation.

Sources (as of 2026-09-12): Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions); Cash and short-term investments over time (USD millions)

How are tariffs and freight entering FSLR’s module outlook?

Management’s outlook includes a net tariff effect and additional freight costs tied to domestic trade expenses. Those items raise the cost burden surrounding module production and delivery even as other expense assumptions shift.

Sources (as of 2026-09-12): Management outlook — dated call excerpts

Which customers buy FSLR cadmium telluride modules?

Its customers include system developers and operators, utilities, independent power producers, commercial and industrial businesses, and other system owners. Demand therefore comes from organizations building or owning photovoltaic systems, rather than household retail buyers.

Sources (as of 2026-09-12): Business description

What is the FSLR stock price today?

The last price recorded on this page for First Solar, Inc. (FSLR) is $174.61, as of the Oct 2, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.

What is the FSLR price target?

The analyst consensus price target for First Solar, Inc. (FSLR) is $267.31 (range $197.00 to $324.00, median $267.50), per FMP data captured Oct 4, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.

When are FSLR's next earnings?

The next earnings date listed on this page for First Solar, Inc. (FSLR) is Oct 29, 2026. Companies sometimes move report dates, so the company's own announcement is the final word on timing.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Research written by Codex (gpt-5.6-sol) on 2026-09-12. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.

Sources (as of 2026-09-12): Business description; Revenue by segment; Operating cash flow by quarter (USD millions); Management outlook — dated call excerpts

Sources — records for every figure on this page (26 figures)

The 26 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.

"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.

OFFICIAL — 1 fact from SEC filings and earnings calls

OFFICIAL facts used on this page
Fact IDFactValue as shownAs ofTierSource
id.hqSEC filing business address4300 E Camelback Road, Suite 220, Phoenix, AZ, 85018OFFICIALSEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "4300 E Camelback Road, Suite 220, Phoenix, AZ, 85018, US".

FMP — 21 facts from Financial Modeling Prep endpoint families

FMP facts used on this page
Fact IDFactValue as shownAs ofTierSource
px.lastLatest provided price$174.61FMPFinancial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-04T20:54:29.799Z.
px.changeChange on the day+1.45%FMPFinancial Modeling Prep (FMP) · quote
px.mcapMarket capitalization$18.8BFMPFinancial Modeling Prep (FMP) quote — Provider market cap uses the share class it prices; a company with more than one class may show a larger total elsewhere. Market cap record date: 2026-10-04. Source capture time was not supplied. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares.
px.change_absChange on the day, in dollars+$2.50FMPFinancial Modeling Prep (FMP) · quote
fin.q_revenueRevenue, Q2 FY2026$1.06BFMPFinancial Modeling Prep (FMP) · income statement (quarterly)
px.range5252-week range$168.60–$320.95FMPFinancial Modeling Prep (FMP) quote
px.pePrice / earnings (trailing)10.75FMPFinancial Modeling Prep (FMP) · quote
px.volumeShares traded on the day1.90MFMPFinancial Modeling Prep (FMP) · quote
px.betaBeta1.73FMPFinancial Modeling Prep (FMP) company profile
id.ceoChief executiveMark R. WidmarFMPFinancial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it.
id.employeesEmployees7,900FMPFinancial Modeling Prep (FMP) company profile
fin.annualRevenue and net result by fiscal year5 fiscal years, FY1970 through FY2025: FY1970 revenue $0.00, net result $0.00; FY2022 revenue $0.00, net result $0.00; FY2023 revenue $0.00, net result $0.00; FY2024 revenue $0.00, net result $0.00; FY2025 revenue $0.00, net result $0.00FMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
fin.gross_marginGross margin (trailing twelve months)44.0%FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
fin.q_tableQuarterly income statement4 quarters through Q2 FY2026FMPFinancial Modeling Prep (FMP) · income statement (quarterly), as filed
fin.cash_investmentsCash and short-term investments$0.00FMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. The market-value ratio is undefined when the reported amount is zero.
fin.total_debtTotal debt$0.00FMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.
fin.price_to_bookPrice to book value1.82×FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
earn.pt_rangeAnalyst price target, low to high$197.00 – $324.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
earn.pt_consensusConsensus analyst price target$267.31FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
earn.pt_medianMedian analyst price target$267.50FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
own.insidersInsider transactions via FMP99 transactions · 0 purchases, 61 sales, 38 other transactions · 20 identified insiders · of the newest 100 records, those within the last 180 days, newest dated Oct 1, 2026FMPFinancial Modeling Prep (FMP), carrying Form 4 transaction records — Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.

UNRECORDED — 2 facts from stored observations whose source was not recorded

UNRECORDED facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.nextNext earnings dateOct 29, 2026UNRECORDEDStored earnings-calendar observation — Captured 2026-09-14
earn.historyReported versus estimated, recent quartersEPS beat 3 of 8UNRECORDEDStored earnings-history observation — Captured 2026-09-28 · Expired observation

OURS — 2 facts from Stock Expert AI's own score and rank

OURS facts used on this page
Fact IDFactValue as shownAs ofTierSource
ours.moonshotMoonshotScore v280 of 100 · Exceptional · pillars 87 / 91 / 56 / 91 / 20OURSStock Expert AI MoonshotScore v2 engine
ours.moonshot_changeMoonshotScore movement80 (stored snapshot Oct 3, 2026) → 80 (current publication computed Oct 4, 2026) (0)OURSStock Expert AI current score publication and immutable score snapshots
Published
Research standards
Methodology · Editorial policy · Corrections

Sources used for research written 2026-09-12

Historical evidence preserved with this analysis. Current figures are listed separately above.

EvidenceCaptured valueSource dateSource typeSource
Business description
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.
2026-09-12FMPFinancial Modeling Prep (FMP) company profile
Revenue by segment
Solar Module: $15.00B
2025-12-31FMPFinancial Modeling Prep (FMP) revenue segmentation, from the company's 10-K
Operating cash flow by quarter (USD millions)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — Capital expenditure: -$161.32M, Operating cash flow: -$144.90M
  • Quarter ended 2026-03-31 — Capital expenditure: -$118.53M, Operating cash flow: -$214.87M
  • Quarter ended 2025-12-31 — Capital expenditure: -$171.73M, Operating cash flow: $1.24B
  • Quarter ended 2025-09-30 — Capital expenditure: -$204.05M, Operating cash flow: $1.27B
  • Quarter ended 2025-06-30 — Capital expenditure: -$288.13M, Operating cash flow: $149.58M
  • Quarter ended 2025-03-31 — Capital expenditure: -$205.97M, Operating cash flow: -$607.98M
  • Quarter ended 2024-12-31 — Capital expenditure: -$313.54M, Operating cash flow: $811.00M
  • Quarter ended 2024-09-30 — Capital expenditure: -$433.92M, Operating cash flow: -$53.73M
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements
Management outlook — dated call excerpts
Captured record · 1 entry
  • Call of 2026-07-30 — Quote: With that said, our guidance now assumes a net tariff impact of 60% $80 million, with updates including the previously mentioned net IEPA recovery and the assumption of Section 3 zero 1 tariffs in the second half of the year. We also forecast offsetting updates between production start-up expense and R&D expense, as well as incremental freight costs due to certain non recoverable domestic trade expenses above our previously assumed forecast., Speaker: Alexander R. Bradley

Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording.

2026-07-30OFFICIALCompany earnings call, transcript via Financial Modeling Prep (FMP)
Annual revenue and net result (USD millions)
Captured record · 5 entries
  • FY2025 — R&D: $233.42M, Revenue: $5.22B, Period end: 2025-12-31, Net result: $1.53B
  • FY2024 — R&D: $191.38M, Revenue: $4.21B, Period end: 2024-12-31, Net result: $1.29B
  • FY2023 — R&D: $152.31M, Revenue: $3.32B, Period end: 2023-12-31, Net result: $830.78M
  • FY2022 — R&D: $112.80M, Revenue: $2.62B, Period end: 2022-12-31, Net result: -$44.17M
  • FY2021 — R&D: $99.12M, Revenue: $2.92B, Period end: 2021-12-31, Net result: $468.69M
2025-12-31FMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
Quarterly income statement (USD thousands)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — EPS: $3.92 per share, R&D: $76.24M, SG&A: $51.95M, EPS basic: $3.93 per share, EPS basis: diluted, Revenue: $1.06B, EPS diluted: $3.92 per share, Net result: $422.57M, Gross profit: $605.00M, Operating result: $450.39M
  • Quarter ended 2026-03-31 — EPS: $3.22 per share, R&D: $66.94M, SG&A: $65.33M, EPS basic: $3.23 per share, EPS basis: diluted, Revenue: $1.04B, EPS diluted: $3.22 per share, Net result: $346.62M, Gross profit: $486.13M, Operating result: $345.30M
  • Quarter ended 2025-12-31 — EPS: $4.84 per share, R&D: $65.95M, SG&A: $50.68M, EPS basic: $4.85 per share, EPS basis: diluted, Revenue: $1.68B, EPS diluted: $4.84 per share, Net result: $520.88M, Gross profit: $665.34M, Operating result: $547.92M
  • Quarter ended 2025-09-30 — EPS: $4.24 per share, R&D: $60.59M, SG&A: $47.32M, EPS basic: $4.25 per share, EPS basis: diluted, Revenue: $1.59B, EPS diluted: $4.24 per share, Net result: $455.94M, Gross profit: $610.75M, Operating result: $466.10M
  • Quarter ended 2025-06-30 — EPS: $3.18 per share, R&D: $54.49M, SG&A: $52.59M, EPS basic: $3.19 per share, EPS basis: diluted, Revenue: $1.10B, EPS diluted: $3.18 per share, Net result: $341.87M, Gross profit: $499.85M, Operating result: $361.61M
  • Quarter ended 2025-03-31 — EPS: $1.95 per share, R&D: $52.39M, SG&A: $53.16M, EPS basic: $1.96 per share, EPS basis: diluted, Revenue: $844.57M, EPS diluted: $1.95 per share, Net result: $209.53M, Gross profit: $344.40M, Operating result: $221.24M
  • Quarter ended 2024-12-31 — EPS: $3.65 per share, R&D: $46.50M, SG&A: $49.58M, EPS basic: $3.67 per share, EPS basis: diluted, Revenue: $1.51B, EPS diluted: $3.65 per share, Net result: $393.12M, Gross profit: $567.66M, Operating result: $456.77M
  • Quarter ended 2024-09-30 — EPS: $2.91 per share, R&D: $50.20M, SG&A: $46.29M, EPS basic: $2.92 per share, EPS basis: diluted, Revenue: $887.67M, EPS diluted: $2.91 per share, Net result: $312.96M, Gross profit: $445.31M, Operating result: $322.00M
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements
Reported versus estimated, last 8 quarters
Captured record · 8 entries
  • Reported 2026-07-30 — EPS actual: $3.92 per share, EPS estimated: $2.9 per share, Revenue actual: $1.06B, Revenue estimated: $1.06B
  • Reported 2026-04-30 — EPS actual: $3.22 per share, EPS estimated: $3.03 per share, Revenue actual: $1.04B, Revenue estimated: $1.03B
  • Reported 2026-02-24 — EPS actual: $4.84 per share, EPS estimated: $5.14 per share, Revenue actual: $1.68B, Revenue estimated: $1.57B
  • Reported 2025-10-30 — EPS actual: $4.24 per share, EPS estimated: $4.24 per share, Revenue actual: $1.59B, Revenue estimated: $1.58B
  • Reported 2025-07-31 — EPS actual: $3.18 per share, EPS estimated: $2.66 per share, Revenue actual: $1.10B, Revenue estimated: $1.04B
  • Reported 2025-04-29 — EPS actual: $1.95 per share, EPS estimated: $2.49 per share, Revenue actual: $844.57M, Revenue estimated: $842.51M
  • Reported 2025-02-25 — EPS actual: $3.65 per share, EPS estimated: $4.81 per share, Revenue actual: $1.51B, Revenue estimated: $1.48B
  • Reported 2024-10-29 — EPS actual: $2.91 per share, EPS estimated: $3.14 per share, Revenue actual: $887.67M, Revenue estimated: $1.06B
2026-07-30FMPFinancial Modeling Prep (FMP) earnings
Most recent periodic reports2026-07-30OFFICIALSEC EDGAR filer submissions
Cash, investments and debt
Total debt: $194.01M; Liquidity basis: cash and short-term investments; Total liabilities: $3.07B; Cash and short-term investments: $1.73B; Cash and investments: $1.73B; Long-term investments: $0; Long-term investments classification: unclassified

Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.

2026-06-30FMPFinancial Modeling Prep (FMP), from the company's balance sheet
Cash and investment components
Total basis: cash short and long-term investments; Total: $1.73B; Cash and short-term investments: $1.73B; Long-term investments: $0; Long-term investments classification: unclassified

Sums the balance sheet's cash and short-term investments with its long-term investments.; The long-term investment field does not establish marketability; the sum is not a measure of available liquidity.; These provider fields do not establish investment access restrictions or explain differences from third-party cash figures.

2026-06-30COMPUTEDComputed from the balance sheet
Cash and short-term investments over time (USD millions)
Captured record · 8 entries
  • 2026-06-30 — Amount: $1.73B, Cash basis: cash and short-term investments
  • 2026-03-31 — Amount: $2.43B, Cash basis: cash and short-term investments
  • 2025-12-31 — Amount: $2.86B, Cash basis: cash and short-term investments
  • 2025-09-30 — Amount: $2.04B, Cash basis: cash and short-term investments
  • 2025-06-30 — Amount: $1.15B, Cash basis: cash and short-term investments
  • 2025-03-31 — Amount: $890.80M, Cash basis: cash and short-term investments
  • 2024-12-31 — Amount: $1.79B, Cash basis: cash and short-term investments
  • 2024-09-30 — Amount: $1.27B, Cash basis: cash and short-term investments
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's quarterly balance sheets
Cash against market value
As of: 2026-06-30; Cash basis: cash and short-term investments; Net cash: $1.53B; Total debt: $194.00M; Cash and investments: $1.73B

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. Cash is the latest reported cash and short-term investment balance; long-term investments are excluded. Market capitalization is the latest provider value.; The reported balance does not establish unrestricted availability or liquidation value.; The two are measured on different dates — the balance sheet is a quarter-end, the market cap is a recent close.; Debt is total debt as reported, including operating lease liabilities where the filer includes them.

2026-06-30COMPUTEDComputed from the balance sheet and the latest market capitalization
Trailing twelve-month ratio set
Quick ratio: 2; Current ratio: 2.52; Debt to equity: 0.02; Net margin: 32.5%; Gross margin: 44%; Operating margin: 33.6%; Return on assets: 13%; Return on equity: 18%

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero.

2026-09-12FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm
Distress and quality screens
Altman Z-score: 6.29; Piotroski F-score: 8

Altman Z below 1.8 is the conventional distress zone. The screen is built for manufacturers and industrials; for banks, insurers and property companies it is not a meaningful reading.

2026-09-12FMPFinancial Modeling Prep (FMP) financial scores
Next earnings report
Date: 2026-10-29; EPS estimate: $4.59 per share; Revenue estimate: $1.28B

The date is our provider's estimate until the company confirms it.

2026-09-12FMPFinancial Modeling Prep (FMP) earnings calendar
Analyst revenue and earnings estimates (average)
Captured record · 4 entries
  • FY2027 — EPS average: $23.43 per share, Revenue average: $5.88B, Revenue low: $5.29B, Revenue high: $6.46B, Analysts (revenue): 24
  • FY2028 — EPS average: $29.49 per share, Revenue average: $6.57B, Revenue low: $5.92B, Revenue high: $7.11B, Analysts (revenue): 27
  • FY2029 — EPS average: $34.14 per share, Revenue average: $7.20B, Revenue low: $6.66B, Revenue high: $7.89B, Analysts (revenue): 13
  • FY2030 — EPS average: $30.56 per share, Revenue average: $7.22B, Revenue low: $6.68B, Revenue high: $7.92B, Analysts (revenue): 13
2026-09-12FMPFinancial Modeling Prep (FMP) analyst estimates
Recent SEC filings2026-07-30OFFICIALSEC EDGAR filer submissions
Data Sources & Methodology
Figures come from Financial Modeling Prep (FMP). If FMP has no figure for a ticker, a price or fundamental may come from a Yahoo Finance fallback, or a price from an Alpaca fallback. SEC EDGAR is used only for filing links and company identity details (legal name, address), never for figures. AI analysis by Stock Expert AI proprietary algorithms. Technical indicators via industry-standard calculations. Last updated: .
Data Provenance
Sources: Financial Modeling Prep (FMP) — Primary · Yahoo Finance — Fallback · Alpaca — Tertiary
Last fetched:
Cache TTL: Quote 5min · Profile 7d · Financials 7d · Insider 48h
How we use AI: Numbers are pulled directly from FMP & Yahoo Finance — our AI writes the analysis, it never edits the figures.
Data provided as-is for educational purposes. Not financial advice. Methodology

Data provided for informational purposes only.

ETFs that hold FSLR

Funds in our ETF coverage that list FSLR among the top 10 holdings on their fund page, largest weight first. Each weight is the fund's reported holding weight as of the date in its row.

ETFWeightHoldings as of
TAN ETF6.69%
Virtus Duff & Phelps Clean Energy ETF (VCLN)5.71%
First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN)5.15%
Direxion World Without Waste ETF (WWOW)3.38%
Touchstone Climate Transition ETF (HEAT)2.27%
JPMorgan U.S. Minimum Volatility ETF (JMIN)0.68%