First Solar Inc

Research First Solar Inc (FSLR) on Bullrun: valuation model: 40.6% undervalued, market cap USD 19.11B, P/E 11.0. Explore financials, valuation history, model signals, and stock context.

Key Metrics

Valuation Snapshot

Bullrun's latest valuation model marks First Solar Inc as 40.6% undervalued; latest market cap is USD 19.11B; P/E is 11.0.

Peer valuation comparison

Latest P/E is 10.96x versus a Technology sector median of 28.78x (61.9% below).

Latest P/E is 10.96x versus a United States median of 23.85x (54.0% below).

Five-year financial history

YearRevenueNet incomeFree cash flowGross marginDiluted EPSCashTotal debtEquity
FY2025USD 5.22BUSD 1.53BUSD 1.19B40.6%14.21USD 2.80BUSD 498.57MUSD 9.54B
FY2024USD 4.21BUSD 1.29B-USD 308.08M44.2%12.02USD 1.62BUSD 609.78MUSD 7.98B
FY2023USD 3.32BUSD 830.78M-USD 784.52M39.2%7.74USD 1.95BUSD 560.31MUSD 6.69B
FY2022USD 2.62B-USD 44.17M-USD 30.24M2.7%-0.41USD 1.48BUSD 184.35MUSD 5.84B

Valuation history

YearSnapshot dateMarket capP/EDividend yieldAnnual dividend/share
20262026-10-09USD 19.11B11.0n/an/a
20252025-12-31USD 28.03B18.4n/an/a
20242024-12-31USD 18.87B14.7n/an/a
20232023-12-29USD 18.41B39.1n/an/a
20222022-12-30USD 15.97B170.2n/an/a
20212021-12-31USD 9.27B19.9n/an/a

About First Solar Inc

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.

ETFs that hold First Solar Inc

First Solar Inc is one of the ten largest holdings of 13 ETFs that investors in Europe can buy. The 8 most traded of them:

ETFWeightTER
iShares Global Clean Energy Transition UCITS ETF USD (Dist)8.07%0.65%
Amundi MSCI New Energy UCITS ETF Dist2.27%0.60%
Invesco Solar Energy UCITS ETF9.96%0.69%
First Trust Nasdaq Clean Edge Green Energy UCITS ETF3.49%0.60%
iShares Global Clean Energy Transition UCITS ETF USD (Acc)8.07%0.65%
Deka Future Energy ESG UCITS ETF4.23%0.55%
Xtrackers MSCI Global SDG 7 Affordable and Clean Energy UCITS ETF 1C USD4.83%0.35%
Xtrackers MSCI Global SDG 9 Industry, Innovation & Infrastructure UCITS ETF 1C4.41%0.35%

Related stock research

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Other Technology stocks

Array Technologies Inc (ARRY) Ascent Solar Technologies Inc (ASTI) Beam Global (BEEM) Enphase Energy Inc (ENPH) FTC Solar Inc (FTCI) Nextracker Inc - Class A (NXT) Sunrun Inc (RUN) Shoals Technologies Group Inc - Class A (SHLS) SolarMax Technology Inc (SMXT) Spruce Power Holding Corporation - Class A (SPRU) SUNation Energy Inc (SUNE) Tigo Energy Inc (TYGO)

Frequently asked questions

Is First Solar Inc overvalued or undervalued?

Bullrun's valuation model currently marks First Solar Inc as 40.6% undervalued.

What is First Solar Inc's market cap?

First Solar Inc's market capitalization is USD 19.11B.

What is First Solar Inc's P/E ratio?

First Solar Inc's price-to-earnings (P/E) ratio is 11.0.

What does First Solar Inc do?

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.