profit from every $100 of sales.
$0$100
First Solar
$171.39-0.53% today
-33.2% in 1 year
1-year low $168.151-year high $318.25
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $12.05 for every $1 of profit it makes in a year.
CheapExpensive
It holds more cash than debt.
No debt5 years
Money in, money out
What First Solar sold, what it kept, and what it did with the cash.
Sales went from $2.62 billion in 2022 to $5.22 billion in 2025, with $1.53 billion of profit last year.
SalesProfit
First Solar vs. similar companies
First Solar grows in the middle of these 5 and is the cheapest for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| First Solar | 12.1× · Cheap | ||
 Tongwei Co.,Ltd | No profit yet | ||
 Jinko Solar | No profit yet | ||
 CSI Solar | 29.2× · Fair price | ||
 Premier Energies | 26.8× · Fair price |
AI analysis
An AI analyst reads First Solar's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 2,711 | 2,923 | 2,619 | 3,319 | 4,206 | 5,219 | |
| 681 | 730 | 70 | 1,301 | 1,858 | 2,120 | |
| 317 | 587 | -281 | 886 | 1,394 | 1,597 | |
| 550 | 845 | 291 | 1,212 | 1,869 | 2,154 | |
| 398 | 469 | -44 | 831 | 1,292 | 1,528 | |
| 3.73 | 4.38 | -0.41 | 7.74 | 12.02 | 14.21 | |
| 25.1% | 25.0% | 2.7% | 39.2% | 44.2% | 40.6% | |
| 11.7% | 20.1% | -10.7% | 26.7% | 33.1% | 30.6% | |
| 14.7% | 16.0% | -1.7% | 25.0% | 30.7% | 29.3% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 7,109 | 7,414 | 8,251 | 10,365 | 12,124 | 13,321 |
| Cash | 1,227 | 1,451 | 1,481 | 1,947 | 1,621 | 2,804 |
| Total debt | 490 | 405 | 234 | 624 | 719 | 655 |
| Total liabilities | 1,588 | 1,454 | 2,415 | 3,678 | 4,147 | 3,783 |
| 5,521 | 5,960 | 5,836 | 6,687 | 7,978 | 9,538 | |
| 107 | 107 | 107 | 107 | 108 | 108 | |
| 4.2% | 7.3% | 0.3% | 9.8% | 13.1% | 12.6% | |
| 7.2% | 7.9% | -0.8% | 12.4% | 16.2% | 16.0% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 37 | 238 | 873 | 602 | 1,218 | 2,057 | |
| 417 | 540 | 904 | 1,387 | 1,526 | 870 | |
| -380 | -303 | -30 | -785 | -308 | 1,187 | |
| Dividends paid | – | – | – | – | – | – |
| – | – | – | – | – | – | |
| 29 | 21 | 29 | 34 | 28 | 19 |
Valuation
- 12.1×
- 9.6×
- 0.39
- 2.7×
- 3.5×
- 15.5×
- 7.6×
- 6.4%
- 8.3%
- 0.0%
Profitability
- 40.6%
- 30.6%
- 29.3%
- 43.3%
- 15.4%
- 9.6%
- 18.0%
- 12.5%
- 16.1%
- 4.6%
Growth
- +14.0%
- +30.7%
- +485.4%
- –
- +0.2%
Financial health
- -0.8×
- 0.04
- 3.2%
- 42.6×
- 2.56
- 2.15
- 0.41
How it ranks in Energy
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 13%of 467
Top 19%of 466
Top 29%of 387
Top 21%of 461
Top 39%of 460
What analysts expect
- Average price target
- $251.82
- Range
- $205.00 – $326.00
- 9 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 30, 2026 | 3.22 | 2.87 | +12.2% |
| Feb 24, 2026 | 4.84 | 5.14 | −5.8% |
| Oct 30, 2025 | 4.24 | 4.24 | +0.0% |
| Jul 31, 2025 | 3.18 | 2.66 | +19.5% |
| Apr 29, 2025 | 1.95 | 2.49 | −21.7% |
| Feb 25, 2025 | 3.65 | 4.81 | −24.1% |
| Oct 29, 2024 | 2.91 | 3.14 | −7.3% |
| Jul 30, 2024 | 3.25 | 2.69 | +20.8% |
News
If Surging Inflation Triggers a Market Crash, History Says Investors Should Do This 1 Thing FirstYahoo Finance · Nov 14, 2026Planning to Claim Social Security at 62? Here Are 3 Critical Questions to Ask Yourself FirstYahoo Finance · Nov 14, 2026Budget airlines are going upscale with first-class seats and faster wifiMarketWatch · Nov 13, 2026I am turning 18 next month and want to start investing. What do I do first?MarketWatch · Nov 13, 2026Trump administration is hiring debt collectors to go after defaulted student-loan borrowers for first time in 6 yearsMarketWatch · Nov 13, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
4/7Passes 4 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
67Pass
Benjamin Graham
59No pass
Philip Fisher
83Pass
Peter Lynch
97Pass
Joel Greenblatt
56No pass
Charlie Munger
68Pass
Terry Smith
59No pass
Questions about First Solar
Is First Solar a good stock to buy?
A strong, very profitable business, and the price looks low. 4 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the First Solar AI analysis
What does First Solar do?
First Solar, Inc. provides photovoltaic (PV) solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally. The company designs, manufactures, and sells cadmium telluride solar modules that converts sunlight into electricity. It is in Solar, based in Phoenix, AZ, United States, with 7,900 employees.
Does First Solar pay a dividend?
No. First Solar does not pay a dividend at the moment.
Is First Solar stock halal?
Yes. First Solar passes our halal screen: its business is permitted and its debt is 4% of its market value, under the 30% limit. How we check
How has First Solar stock done over the past year?
Down 33.2% over the past twelve months, to $171.39. It traded between $168.15 and $318.25 and is 46.1% below its high.
Who are First Solar's competitors?
The largest listed companies in the same industry are Tongwei Co.,Ltd, Jinko Solar, CSI Solar and Premier Energies. The peers table on this page compares their profit, growth and price with First Solar's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.