Lumida
/FSLR
⌘K
First Solar Inc

First Solar Inc

FSLR
$209.03USD+0.90%+1.86 today

MARKET CAP

22.5B

P/E (TTM)

13.5x

FWD P/E

DAY RANGE

$207 – $214

52W RANGE

$183
$321

AI Summary

Stalk
TrimMedium

FSLR remains in a Stage 4 downtrend, trading below all major moving averages and stalling at the EMA/SMA cluster on a recent relief bounce. The medium-term structure shows lower highs and lower lows intact, and short-term timing is neutral without decisive exhaustion or follow-through. We recommend trimming into resistance at the 9/20/50-EMA region rather than initiating new positions now.

  • 17.5 GW module shipments drove $5.2 B revenue (+24% YoY)
  • Q1 2026 net sales $1 B (+24% YoY); gross margin rose to 57%
  • 8.1 GW de-bookings with BP affiliates threaten revenue guidance
Full analysis →
STATEMENT·Income statement
USD · GAAP
METRICFY 2021FY 2022FY 2023FY 2024FY 2025TREND
Sales, Adj.$2.9B$2.6B$3.3B$4.2B$5.2B
YoY %+7.8%-10.4%+26.7%+26.7%+24.1%
P / Sales3.2x5.9x5.6x4.5x5.4x
EV / Sales3.2x6.3x6.1x5.1x5.6x
Gross Profit, Adj.$730.0M$69.9M$1.3B$1.9B$2.1B
YoY %+7.2%-90.4%+1761.9%+42.8%+14.1%
Margin %25.0%2.7%39.2%44.2%40.6%
EV / Gross Profit12.8x236.0x15.5x11.6x13.7x
EBITDA, Adj.$699.4M$-11.0M$1.2B$1.8B$2.1B
YoY %+25.7%-101.6%+10931.6%+52.2%+17.0%
Margin %23.9%-0.4%36.0%43.2%40.7%
EV / EBITDA13.3x-1495.4x16.9x11.8x13.7x
EBIT$439.5M$-280.7M$850.4M$1.4B$1.6B
YoY %+38.4%-163.9%+402.9%+63.8%+14.6%
Margin %15.0%-10.7%25.6%33.1%30.6%
EV / EBIT21.2x-58.7x23.8x15.4x18.2x
Net Income$468.7M$-44.2M$830.8M$1.3B$1.5B
YoY %+17.7%-109.4%+1981.0%+55.5%+18.3%
Net Margin16.0%-1.7%25.0%30.7%29.3%
EPS (GAAP)$4.38-$0.41$7.74$12.02$14.21
YoY %+17.4%-109.4%+1987.8%+55.3%+18.2%