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First Solar $FSLR

Information Technology · Semiconductors · NYSE/NASDAQ

S&P 500 Russell 1000 Arizona
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$176.02
+4.22 (+2.46%)
As of Oct 20, 2026, 12:57 PM EDT
Price history
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Today's analyst average Analyst average over timeIndividual analyst targets Analyst history starts Jul 20, 2026, the first target we tracked for FSLR.

Key facts

52-week range (closes)
$172.11 – $318.25 Lowest close Oct 1, 2026, highest Jun 3, 2026; 251 daily closes to Oct 13, 2026 from Dalsna Finance's price archive
Next earnings
Oct 29, 2026, after the close · EPS forecast $4.64 Nasdaq earnings calendar, as of Oct 20, 2026
Fiscal year ends
December Fiscal 2025 ended Dec 31, 2025, from SEC filings
In the S&P 500 since
Dec 19, 2022, replacing Fortune Brands Home & Security (FBHS) and MasterBrand (MBC) · Market capitalization changes. · All S&P 500 changes
Analyst coverage
3 open price targets from 3 firms: Baird, Mizuho, TD Cowen Approved targets tracked here; see the analyst section below

First Solar (FSLR) is trading up at $176.02 (+2.46%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Information Technology sector.

Analyst price targets on FSLR

Current price targets from 3 firms average $269, median $253, ranging from $237 to $318 — the average is 53% above the current $176. Each is tracked to its date and scored the same way a member's call is.

Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.

First Solar revenue & net income history (FY2016–FY2025)

RevenueNet incomeNet margin (right axis, %)
$5.22B$2.40B−$416.1MFY2016 revenue: $2.90BFY2016 net income: −$416.1M · Net margin −14.3%'16FY2017 revenue: $2.94BFY2017 net income: −$165.6M · Net margin −5.6%'17FY2018 revenue: $2.24BFY2018 net income: $144.3M · Net margin 6.4%'18FY2019 revenue: $3.06BFY2019 net income: −$114.9M · Net margin −3.8%'19FY2020 revenue: $2.71BFY2020 net income: $398.4M · Net margin 14.7%'20FY2021 revenue: $2.92BFY2021 net income: $468.7M · Net margin 16.0%'21FY2022 revenue: $2.62BFY2022 net income: −$44.2M · Net margin −1.7%'22FY2023 revenue: $3.32BFY2023 net income: $830.8M · Net margin 25.0%'23FY2024 revenue: $4.21BFY2024 net income: $1.29B · Net margin 30.7%'24FY2025 revenue: $5.22BFY2025 net income: $1.53B · Net margin 29.3%'250%20%40%60%80%FY2016 net margin: −14.3% (off the scale, which stops at −6.4%)FY2017 net margin: −5.6%FY2018 net margin: 6.4%FY2019 net margin: −3.8%FY2020 net margin: 14.7%FY2021 net margin: 16.0%FY2022 net margin: −1.7%FY2023 net margin: 25.0%FY2024 net margin: 30.7%FY2025 net margin: 29.3%
First Solar annual financial statements
FY2016Dec 2016FY2017Dec 2017FY2018Dec 2018FY2019Dec 2019FY2020Dec 2020FY2021Dec 2021FY2022Dec 2022FY2023Dec 2023FY2024Dec 2024FY2025Dec 2025
Income statement
Revenue$2.90B$2.94B$2.24B$3.06B$2.71B$2.92B$2.62B$3.32B$4.21B$5.22B
Growth (year over year)−29.4%+1.3%−23.7%+36.5%−11.5%+7.8%−10.4%+26.7%+26.7%+24.1%
Gross profit$638.4M$548.9M$392.2M$549.2M$680.7M$730.0M$69.9M$1.30B$1.86B$2.12B
Gross margin22.0%18.7%17.5%17.9%25.1%25.0%2.7%39.2%44.2%40.6%
Operating income−$568.2M$177.9M$40.1M−$161.8M$317.5M$586.8M−$27.2M$857.3M$1.39B$1.60B
Operating margin−19.6%6.0%1.8%−5.3%11.7%20.1%−1.0%25.8%33.2%30.6%
Net income−$416.1M−$165.6M$144.3M−$114.9M$398.4M$468.7M−$44.2M$830.8M$1.29B$1.53B
Net margin−14.3%−5.6%6.4%−3.8%14.7%16.0%−1.7%25.0%30.7%29.3%
EPS (diluted)−$4.05−$1.59$1.36−$1.09$3.73$4.38−$0.41$7.74$12.02$14.21
Balance sheet
Cash and equivalents$1.35B$2.27B$1.40B$1.35B$1.23B$1.45B$1.48B$1.95B$1.62B$2.80B
Total assets$6.82B$6.86B$7.12B$7.52B$7.11B$7.41B$8.25B$10.4B$12.1B$13.3B
Total liabilities$1.61B$1.77B$1.91B$2.42B$1.59B$1.45B$2.42B$3.68B$4.15B$3.78B
Long-term debt$160.4M$380.5M$461.2M$454.2M$237.7M$236.0M$184.3M$464.1M$373.4M$282.6M
Shareholders' equity$5.22B$5.10B$5.21B$5.10B$5.52B$5.96B$5.84B$6.69B$7.98B$9.54B
Cash flow
Operating cash flow$206.8M$1.34B−$326.8M$174.2M$37.1M$237.6M$873.4M$602.3M$1.22B$2.06B
Capital expenditure$229.5M$514.4M$739.8M$668.7M$416.6M$540.3M$903.6M$1.39B$1.53B$869.9M
Free cash flow−$22.7M$826.3M−$1.07B−$494.5M−$379.5M−$302.7M−$30.2M−$784.5M−$308.1M$1.19B

From First Solar's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

First Solar vs the Information Technology sector and the S&P 500

First Solar's latest reported figures next to the median of the other 75 S&P 500 Information Technology companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.

First Solar compared with the median Information Technology company and the median S&P 500 company
MeasureFirst SolarInformation Technology (75 other S&P 500 companies)S&P 500 (502 other companies)
Revenue growth, latest fiscal year+24.1%+13.7%+7.0%
Net margin, latest fiscal year29.3%16.5%12.9%
Share price change, 1 year−25.0%+14.8%+5.9%

First Solar: fiscal year ended December 2025, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, First Solar included, are the last regular-session prices of October 19, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 75/496, net margin 75/496, 1-year price change 67/490; the reasons below can overlap. 12 are left out of the price figure because our archive holds no comparable close for them. The S&P 500 price figure is the middle company's change, not the index's return.

About First Solar

First Solar, Inc. is an American publicly traded manufacturer of solar panels. First Solar uses rigid thin-film modules for its solar panels, and produces CdTe panels using cadmium telluride (CdTe) as a semiconductor. The predecessor company, Solar Cells, Inc., was founded in 1990 by inventor Harold McMaster. In 1999, Solar Cells, Inc., was purchased by True North Partners, LLC, led by Michael Ahearn, and rebranded as First Solar, Inc.

Source: Wikipedia — First Solar

Headquarters
Phoenix, Arizona From SEC filings, Oct 2026

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