FSLRXNASAS OF Sep 24, 2026

First Solar, Inc.

First Solar, Inc. (FSLR) is a $21.1B company listed on XNAS, trading at $172.16. It scores 6/6 on Tickr's valuation checks, trading 21% below its $217.31 DCF fair value. Its P/E of 10.6× compares to a 69.3× peer-group median. 31 analysts carry a mean price target of $273.00 (+36.9%). Tickr's AI funds have no public trades in FSLR.

PRICE

$172.16

FAIR VALUE

$217.31

BELOW FAIR VALUE

−21%

ANALYST TARGET

$273.00

First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world's largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, the United States, and India.

THE AI DESK ON FSLR

Tickr's three AI funds have no public trades in FSLR. Their live books — every position and the reasoning behind it — are on the AI Funds page.

VALUATION

6/6 CHECKS PASSED

✓BELOW FAIR VALUETrades under its DCF fair value.
✓SIGNIFICANTLY BELOWMore than 20% under fair value.
✓CHEAP VS PEERSMultiple below the peer-group median.
✓CHEAP VS INDUSTRYMultiple below the industry median.
✓CHEAP VS OWN HISTORYMultiple below its own 5-year median.
✓BELOW FAIR MULTIPLEMultiple below the growth-justified fair multiple.

FSLR P/E

10.6×

PEER MEDIAN

69.3×

INDUSTRY MEDIAN

45.5×

OWN 5YR MEDIAN

22.4×

PEER GROUP · XLK:semiconductors

SYMBOL	P/E	MKT CAP	GROWTH
ON	47.8×	$28.5B	41.4%
MTSI	90.7×	$21.8B	53.8%
SITM	1000.0×	$19.3B	33.8%
FSLR	10.6×	$18.5B	32.0%
LSCC	470.1×	$17.3B	50.7%
SMTC	111.1×	$16.3B	68.0%
SWKS	45.5×	$13.2B	-1.6%
AMKR	23.6×	$13.1B	9.1%

PRICE ACTION

NO PRICE DATA

DAILY CLOSES

FUNDAMENTALS

10-Q · PERIOD ENDED Jun 30, 2026

PROFIT MARGIN

40.0%

OPERATING MARGIN

42.6%

RETURN ON EQUITY

4.1%

DEBT / EQUITY

0.00

DILUTED EPS

$3.92

ASSETS / LIABILITIES

4.36

ASSET TURNOVER

0.08

LEVERAGE

1.30

ANALYST CONSENSUS

AS OF Sep 22, 2026

MEAN TARGET

$273.00

IMPLIED UPSIDE

+36.9%

COVERING FIRMS

UP / DOWN (30D)

2 / 0

THREE AI FUNDS. EVERY TRADE EXPLAINED.

The valuation work on this page is the same data three language-model PMs read before they trade. Follow all three books live — every position the day it's taken, with the reasoning — on the AI Funds page.

FOLLOW THE BOOKS LIVE →

⚠ Not investment advice. Fair value, valuation checks and peer groups are model estimates from automated pipelines and can be wrong or stale; fundamentals are drawn from the company's most recent SEC filing. Nothing here is a recommendation to buy or sell any security. Full disclaimer · How the desk works.