First Solar (FSLR)
Information Technology · Thin-film photovoltaic (solar) module manufacturing
America's leading thin-film CdTe solar module manufacturer producing high-efficiency photovoltaic panels with a fully integrated, China-independent manufacturing process.
What First Solar does
First Solar is America's leading photovoltaic (PV) solar module manufacturer and the world's largest thin-film solar panel maker. The company designs and manufactures advanced thin-film CdTe (cadmium telluride) solar modules using proprietary vapor transport deposition technology in fully integrated, continuous production lines. With over $2 billion in cumulative R&D investment and more than 93 GW of modules sold globally, First Solar operates manufacturing facilities across the United States, Malaysia, Vietnam, and India, providing solar panels that compete on efficiency, temperature performance, and LCOE (levelized cost of electricity) against conventional crystalline silicon alternatives.
Themes: ["renewable energy","solar power generation","clean energy technology","domestic manufacturing","supply chain independence","energy infrastructure","climate solutions","low-cost electricity"]
Fundamentals
- Price$228.50 as of 2026-07-09 close
- Market cap$24.8B as of 2026-07-10
- 1-year return+35.5% as of 2026-07-09 close
- P/E14.91 as of 2026-07-10
- Net margin+30.7% as of 2026-07-10
- Gross margin+41.7% as of 2026-07-10
- ROE+18.0% as of 2026-07-10
- Debt / equity0.05 as of 2026-07-10
- Revenue growth (YoY)+27.3% as of 2026-07-10
- Revenue CAGR (3y)+25.8% SEC XBRL
- Beta1.77 as of 2026-07-10
Key risks (from latest filing)
["Exposure to global demand fluctuations for solar modules and utility-scale solar projects, which depends on government incentives and energy policies.","Supply chain and manufacturing execution risks, including the scale-up of new Series 7 production lines and the construction of a sixth U.S. manufacturing facility expected in H2 2026.","Competitive technology and pricing pressures from lower-cost crystalline silicon manufacturers globally, which dominate the solar module market."]
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.