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First Solar

NSQ:FSLR · US3364331070
Semiconductors & Semiconductor EquipmentX-Large

360

84
EV / EBIT85
Price / Owner Earnings63
Owner Earnings Yield92
Dividend Yield1
Price/Sales61
EV / Gross Profit80
Price/Book85
Return on Capital76
Cash Return on Capital70
Return on Equity72
EBIT Margin90
Gross Profitability39
Cash Conversion38
Accruals49
Owner Earnings Margin90
Sales growth16
Profit Growth84
Long-Term EPS Growth39
Owner Earnings Growth88
Reinvestment21
Price momentum21
Debt load74
Refinancing65
Debt Payback100
Liquidity84
Analyst ratings33
Opinion Changes46
Price Target Upside19
Market mood53
Value Creation20/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

First Solar generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryUSA
IndustrySemiconductors & Semiconductor Equipment
SizeX-Large
TypePublic Company
ExchangeNASDAQGS
Founded2003
Employees3,631
Websitefirstsolar.com/en-Emea
ISINUS3364331070
Last UpdateApr 2, 2026
Indices
NASDAQ (USA)S&P 500 (USA)D.J. US Oil Equipment & Service
Themes
Clean EnergyEnergy StorageCleanTechUtility Scale SolarManufacturingSolar

Description

First Solar, Inc. (First Solar) operates as a photovoltaic (PV) solar technology and manufacturing company. The company is focused on competitively and reliably enabling power generation needs with the company’s advanced, thin film PV technology. De…

Analysis

Bargain bin

First Solar, Inc. is priced cheaply, and that invites the natural question of why, since the underlying business scores below average.

On valuation, the picture is fair. The owner-earnings multiple stands at 20.3×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 6% a year, against analyst forecasts of 21%. The price, in other words, assumes less than the experts do.

Growth is tepid; the safety picture is sturdy. The company scores 20/20 on our value-creation score: strong value creator.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
55
2023202420252026

All-time high

95

Dec 2025

All-time low

11

Jan 2023

Average rank

75

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
61
42
45
61
Price/Earnings
83
100
90
25
Price/Book
85
60
66
85
Dividend Yield
1
1
1
1
Value (overall)
81
61
61
51

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
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