$180.29
+0.48
(+0.27%)
As of Oct 7, 2026, 3:47 PM EDT
Price history
Today's analyst average
Analyst average over timeIndividual analyst targets
Analyst history starts Jul 20, 2026, the first target we tracked for FSLR.
First Solar (FSLR) is trading up at $180.29 (+0.27%) 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 49% above the current $180. Each is tracked to its date and scored the same way a member's call is.
- Baird $241 → $318 by Aug 2027 Aug 11, 2026 via Barchart.com · Baird's track record
- Mizuho $211 → $237 by Jul 2027 Jul 31, 2026 via Investing.com · Mizuho's track record
- TD Cowen $205 → $253 by Jul 2027 Jul 20, 2026 via Investing.com · TD Cowen's track record
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 income
| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 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 margin | 22.0% | 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 |
RevenueNet income
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $887.7M | $1.51B | $844.6M | $1.10B | $1.59B | $1.68B | $1.04B | $1.06B |
| Growth (year over year) | +10.8% | +30.7% | +6.4% | +8.6% | +79.7% | +11.1% | +23.6% | −3.7% |
| Gross profit | $445.3M | $567.7M | $344.4M | $499.9M | $610.7M | $665.3M | $486.1M | $605.0M |
| Gross margin | 50.2% | 37.5% | 40.8% | 45.6% | 38.3% | 39.5% | 46.6% | 57.3% |
| Operating income | $322.0M | $456.8M | $221.2M | $361.6M | $466.1M | $547.9M | $345.3M | $450.4M |
| Operating margin | 36.3% | 30.2% | 26.2% | 33.0% | 29.2% | 32.6% | 33.1% | 42.6% |
| Net income | $313.0M | $393.1M | $209.5M | $341.9M | $455.9M | $520.9M | $346.6M | $422.6M |
| Net margin | 35.3% | 26.0% | 24.8% | 31.2% | 28.6% | 31.0% | 33.2% | 40.0% |
| EPS (diluted) | $2.91 | $3.66 | $1.95 | $3.18 | $4.24 | $4.84 | $3.22 | $3.92 |
| Balance sheet | ||||||||
| Cash and equivalents | $1.01B | $1.62B | $837.6M | $1.12B | $1.99B | $2.80B | $2.36B | $1.69B |
| Total assets | $11.4B | $12.1B | $12.1B | $12.9B | $13.5B | $13.3B | $13.4B | $13.4B |
| Total liabilities | $3.84B | $4.15B | $3.93B | $4.31B | $4.44B | $3.78B | $3.47B | $3.07B |
| Long-term debt | $373.3M | $373.4M | $327.9M | $328.0M | $282.6M | $282.6M | $237.2M | $0 |
| Shareholders' equity | $7.59B | $7.98B | $8.19B | $8.55B | $9.02B | $9.54B | $9.88B | $10.3B |
| Cash flow | ||||||||
| Operating cash flow | −$53.7M | $811.0M | −$608.0M | $149.6M | $1.27B | $1.24B | −$214.9M | −$144.9M |
| Capital expenditure | $433.9M | $313.5M | $206.0M | $288.1M | $204.0M | $171.7M | $118.5M | $161.3M |
| Free cash flow | −$487.7M | $497.5M | −$813.9M | −$138.6M | $1.07B | $1.07B | −$333.4M | −$306.2M |
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. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
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
Recent News (20)
-
First Solar stock vs NVIDIA stock: Which Is A Better Investment? First Solar stock vs NVIDIA stock: Which Is A Better Investment? Trefis
-
First Solar files patent suit against JA Solar over TOPCon tech
First Solar files patent suit against JA Solar over TOPCon tech
-
Why is First Solar stock climbing today?
Why is First Solar stock climbing today?
-
KeyBanc upgrades First Solar stock rating on valuation
KeyBanc upgrades First Solar stock rating on valuation
-
First Solar stock analysis: Buy the dip?
First Solar stock analysis: Buy the dip?
-
-
Is First Solar Stock Underperforming the Nasdaq?
Is First Solar Stock Underperforming the Nasdaq?
-
Enphase Energy Drops 5% as Solar Selling Resumes; First Solar and Sunrun Fall 4%
Enphase Energy Drops 5% as Solar Selling Resumes; First Solar and Sunrun Fall 4%
-
First Solar CTO Markus Gloeckler Sells 800 Shares for $160,000
First Solar CTO Markus Gloeckler Sells 800 Shares for $160,000
-
First Solar Retreats 5% After Dropping ITC Patent Case It Calls Procedural; Enphase Energy Slips, Sunrun Holds Steady
First Solar Retreats 5% After Dropping ITC Patent Case It Calls Procedural; Enphase Energy Slips, Sunrun Holds Steady
-
First Solar (FSLR) Gets Bullish Coverage Despite Recent Stock Weakness
First Solar (FSLR) Gets Bullish Coverage Despite Recent Stock Weakness
-
SolarEdge Falls 4% on Analyst Day Despite Joint NVIDIA 800 VDC Paper; Enphase Energy and First Solar Edge Higher
SolarEdge Falls 4% on Analyst Day Despite Joint NVIDIA 800 VDC Paper; Enphase Energy and First Solar Edge Higher
-
Which Solar Stock Has Dominated in 2026: SolarEdge, Enphase Energy, or First Solar?
Which Solar Stock Has Dominated in 2026: SolarEdge, Enphase Energy, or First Solar?
-
First Solar: Noise Down, Stock Up (NASDAQ:FSLR) First Solar: Noise Down, Stock Up (NASDAQ:FSLR) seekingalpha.com
-
First Solar stands out in solar sector amid Musk capacity announcement and rate pressures
First Solar stands out in solar sector amid Musk capacity announcement and rate pressures
-
First Solar upgraded, Celsius downgraded: Wall Street's top analyst calls
First Solar upgraded, Celsius downgraded: Wall Street's top analyst calls
-
Here Are Thursday’s Top Wall Street Analyst Research Calls: Abercrombie & Fitch, Choice Hotels International, DigitalOcean Holdings, First Solar, LTC Properties, Okta, Regions Financial, Synopsys, and More
Here Are Thursday’s Top Wall Street Analyst Research Calls: Abercrombie & Fitch, Choice Hotels International, DigitalOcean Holdings, First Solar, LTC Properties, Okta, Regions Financial, Synopsys, and…
-
SolarEdge Jumps 8% as UBS Sees 40% Upside From New Inverter Import Curbs; Enphase and First Solar Drift Down
SolarEdge Jumps 8% as UBS Sees 40% Upside From New Inverter Import Curbs; Enphase and First Solar Drift Down
-
First Solar, Inc. Investor Alert: Contact SBS by August 24, 2026 for Opportunity to Lead Securities Fraud Lawsuit LOS ANGELES, Aug. 24, 2026 /PRNewswire/ -- Schall Brown & Schwartz LLP, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against First Solar, Inc. ("First Sol…
-
First Solar, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - FSLR LOS ANGELES, Aug. 24, 2026 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against First Solar, Inc. ("First Solar" or "the Company") (NASDAQ: FSLR) for violations of §§1…
More Information Technology stocks
- DELL Dell Technologies
- FFIV F5, Inc.
- FICO Fair Isaac
- FLEX Flex
- FTNT Fortinet
- GDDY GoDaddy
- GEN Gen Digital
- GLW Corning Inc.