First Solar (FSLR)
Technology · NASDAQ · US
Price as at 2 Oct 2026, 01:29 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
First Solar trades at $172.11, which is 191% below the $501.23 our fair value estimate puts on the business. On that measure alone it screens as undervalued, though a valuation model is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 78 out of 100, which is a wide moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 14.7 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
FSLR earnings and analyst estimates
Recommendation mix, 35 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About First Solar
First Solar, Inc., a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally. The company manufactures and sells PV solar modules with thin film semiconductor technology that provides conventional crystalline silicon PV solar modules. It also designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity. The company serves system developers, independent power producers, utilities, commercial and industrial companies, large corporate energy buyers, and other system owners and operators. 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 Phoenix, Arizona.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
FSLR passes 6 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
14 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- D. E. Shaw, D. E. Shaw & Co., Inc.$311.33M · 0.1% of book
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$97.89M · 0.0% of book
- Israel Englander, MILLENNIUM MANAGEMENT LLC$60.59M · 0.0% of book
- John Rogers, ARIEL INVESTMENTS, LLC$57.21M · 0.6% of book
- Jeremy Grantham, Grantham, Mayo, Van Otterloo & Co. LLC$35.73M · 0.1% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Politician trades in FSLR
We hold 17 disclosed trades in FSLR by members of Congress and executive-branch officials. The latest 5:
- John Boozman · SenateBuy · $1,001 - $15,000 · traded 13 Aug 2026 · disclosed 11 Sept 2026
- Donald J Trump · Executive branchSell · $15,001 - $50,000 · traded 27 Apr 2026 · disclosed 1 Jul 2026
- Alan Armstrong · SenateBuy · $1,001 - $15,000 · traded 27 Mar 2026 · disclosed 21 Jul 2026
- Gilbert Cisneros · HouseSell · $1,001 - $15,000 · traded 10 Feb 2026 · disclosed 9 Mar 2026
- Gilbert Cisneros · HouseBuy · $1,001 - $15,000 · traded 9 Jan 2026 · disclosed 13 Feb 2026
A disclosure reports a value band, not an amount, and is due up to 45 days after the trade; some arrive later. Every filer we track, each with their own page, is on the Congress trading tracker.
FSLR peers
The largest companies in the same industry, then in the same sector.
- NVDA NVIDIA Corporation
- AAPL Apple Inc.
- MSFT Microsoft Corporation
- 2330.TW TSMC
- AVGO Broadcom Inc.
- 005930.KS Samsung Electronics
- MU Micron Technology, Inc.
- 000660.KS SK Hynix
Every technology company we cover is on the Technology hub.
Common questions
Is First Solar (FSLR) undervalued?
Against our fair value estimate of $501.23, FSLR at $172.11 is 191% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own FSLR?
14 of the institutions we track reported a position in FSLR in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is FSLR's P/E ratio?
FSLR trades at 14.7 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Where does SteadyShares get its FSLR data?
Fundamentals for FSLR come from company filings and exchange data, as listed on NASDAQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 2 Oct 2026, 01:29 UTC and is delayed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for FSLR, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.