Earnings preview: What to expect from First Solar's report
First Solar, Inc. (FSLR), headquartered in Phoenix, Arizona, is a solar technology company that provides photovoltaic (PV) ...
Model output · Signal date 2026-10-16
First Solar, Inc. (FSLR) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq
Rating · 90D
Alpha
90-day forecast
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30-day forecast
Alpha
Rank in coverage
Middle 30%
of 5185 stocks scored
Rank correlation · 90D
4.0%
Spearman, 357 dates
Market Cap
$18.55B
large-cap · #23 of 60 peers
Summary
First Solar, Inc. (FSLR) stock forecast summary
On Oct. 16, 2026, FSLR is rated Neutral: its 90-day Alpha forecast sits in the middle 30% of the 5185 stocks scored that day.
First Solar, Inc. is a large-cap company with a market capitalization of $18.55B. It ranks number 23 by market capitalization among the 60 Semiconductors & Related Devices issuers in our coverage with a current forecast.
For FSLR, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 4.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -16.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
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FSLR price chart and AI forecast
Cross-section · 2026-10-16
How FSLR ranks among 5185 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Fundamentals · 2026-06-30
First Solar, Inc. (FSLR) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Semiconductors & Related Devices peers listed below that report each metric.
Valuation & Market
| Metric | FSLR | Rank |
|---|---|---|
| Market Cap | $18.55B | 23/60 |
| P/E Ratio | 10.64x | 38/40 |
| P/B Ratio | 1.80x | 54/57 |
| EPS | $16.22 | – |
| Book Value/Share | $96.03 | – |
| Revenue/Share | $50.04 | – |
| FCF/Share | $13.96 | – |
Profitability & Margins
| Metric | FSLR | Rank |
|---|---|---|
| ROE | 16.9% | 14/45 |
| ROA | 13.0% | 12/44 |
| ROIC | 16.1% | 12/53 |
| Gross Margin | 44.0% | 32/57 |
| Operating Margin | 33.6% | 6/57 |
| Net Margin | 32.5% | 4/45 |
| EBT Margin | 33.9% | 7/57 |
| Tax Rate | 4.3% | – |
Financial Health
| Metric | FSLR | Rank |
|---|---|---|
| Current Ratio | 2.52x | 39/55 |
| Quick Ratio | 2.00x | 34/54 |
| D/E Ratio | 0.30x | 37/59 |
| Financial Leverage | 1.30x | 38/57 |
| Interest Coverage | 26.4x | 15/45 |
| Working Capital | $3.21B | 14/55 |
Cash Flow
| Metric | FSLR | Rank |
|---|---|---|
| Operating Cash Flow | $2.16B | 12/57 |
| Free Cash Flow | $1.50B | 13/52 |
| Capital Spending | -$656M | 44/52 |
| OCF Growth YoY | 621.3% | 1/46 |
| FCF/Sales | 27.9% | 8/52 |
| CapEx/Sales | 12.2% | 8/52 |
Operational Efficiency
| Metric | FSLR | Rank |
|---|---|---|
| Asset Turnover | 0.40x | 45/54 |
| Receivables Turnover | 3.6x | 45/49 |
| Inventory Turnover | 2.8x | 19/53 |
| Fixed Assets Turnover | 0.9x | 48/52 |
| Days Sales Outstanding | 100 days | 5/49 |
| Days Inventory | 132 days | 35/53 |
| Payables Period | 42 days | 43/50 |
| Cash Conversion Cycle | 190 days | 12/46 |
Income Statement
| Metric | FSLR | Rank |
|---|---|---|
| Total Revenue | $5.38B | 14/56 |
| Operating Income | $1.81B | 9/57 |
| Net Income | $1.75B | 10/45 |
| R&D Expense | $270M | 25/56 |
| SG&A Expense | $215M | 31/55 |
| Cost of Goods Sold | $3.01B | 15/57 |
Dividend & Shareholder Information
| Metric | FSLR | Rank |
|---|---|---|
| Shares Outstanding | 107M | – |
| Net Income Growth | 38.9% | 12/27 |
| EPS Growth | 38.6% | 14/30 |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $5.32B | 39.7% of assets |
| Cash & Short-term Investments | $1.69B | 12.6% of assets |
| Accounts Receivable | $1.48B | 11.0% of assets |
| Inventory | $1.09B | 8.1% of assets |
| Total Liabilities | $3.07B | 22.9% of assets |
| Short-term Debt | $1.77B | 13.2% of assets |
Quarterly Financial Reports
FSLR quarterly financials and insider trading
Industry Peers · Semiconductors & Related Devices
First Solar, Inc. (FSLR) industry peers
Companies classified under the same SEC industry code as First Solar, Inc. (Semiconductors & Related Devices): 60 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| FSLR First Solar, Inc. | ▶ | $18.55B |
| NVDA Nvidia Corp | ▶ | $5.16T |
| AVGO Broadcom Inc. | ▶ | $1.57T |
| AMD Advanced Micro Devices Inc | ▶ | $863.17B |
| INTC Intel Corp | ▲ | $453.20B |
| AMAT Applied Materials Inc /De | ▶ | $324.81B |
| TXN Texas Instruments Inc | ▼ | $252.49B |
| ARM Arm Holdings Plc /Uk | ▲ | $243.29B |
| MRVL Marvell Technology, Inc. | ▲ | $199.78B |
| ADI Analog Devices Inc | ▼ | $191.62B |
| ASX Ase Technology Holding Co., Ltd. | ▲ | $86.49B |
| MPWR Monolithic Power Systems, Inc. | ▼ | $59.51B |
| NXPI Nxp Semiconductors N.V. | ▼ | $57.72B |
| ALAB Astera Labs, Inc. | ▲ | $49.59B |
| STM Stmicroelectronics N.V. | ▶ | $40.34B |
| MCHP Microchip Technology Inc | ▶ | $40.10B |
| CRDO Credo Technology Group Holding Ltd | ▲ | $31.90B |
| CBRS Cerebras Systems Inc. | ▶ | $30.22B |
| ON On Semiconductor Corp | ▶ | $28.04B |
| GFS Globalfoundries Inc. | ▶ | $25.93B |
| Q Qnity Electronics, Inc. | ▼ | $24.14B |
| TSEM Tower Semiconductor Ltd | ▲ | $21.94B |
| MTSI Macom Technology Solutions Holdings, Inc. | ▶ | $20.03B |
| LSCC Lattice Semiconductor Corp | ▶ | $14.72B |
| SITM Sitime Corp | ▲ | $14.20B |
| SMTC Semtech Corp | ▲ | $12.76B |
| NXT Nextpower Inc. | ▼ | $12.14B |
| SWKS Skyworks Solutions, Inc. | ▲ | $11.99B |
| AMKR Amkor Technology, Inc. | ▶ | $10.34B |
| QRVO Qorvo, Inc. | ▲ | $10.05B |
| RMBS Rambus Inc | ▶ | $9.39B |
| VIAV Viavi Solutions Inc. | ▲ | $8.24B |
| FORM Formfactor Inc | ▶ | $8.20B |
| SLAB Silicon Laboratories Inc. | ▼ | $7.37B |
| MXL Maxlinear, Inc | ▲ | $6.47B |
| AAOI Applied Optoelectronics, Inc. | ▶ | $6.39B |
| ALGM Allegro Microsystems, Inc. | ▶ | $5.89B |
| CRUS Cirrus Logic, Inc. | ▲ | $5.41B |
| SYNA Synaptics Inc | ▲ | $4.58B |
| KLIC Kulicke & Soffa Industries Inc | ▲ | $4.11B |
| ENPH Enphase Energy, Inc. | ▶ | $4.00B |
| DIOD Diodes Inc /Del/ | ▼ | $3.82B |
| AXTI Axt Inc | ▶ | $3.38B |
| OSIS Osi Systems Inc | ▼ | $3.11B |
| IPGP Ipg Photonics Corp | ▼ | $3.02B |
| PENG Penguin Solutions, Inc. | ▲ | $2.93B |
| AMBA Ambarella Inc | ▲ | $2.72B |
| POWI Power Integrations Inc | ▶ | $2.49B |
| UCTT Ultra Clean Holdings, Inc. | ▶ | $2.31B |
| HIMX Himax Technologies, Inc. | ▲ | $2.03B |
| NLST Netlist Inc | ▲ | $2.01B |
| NVTS Navitas Semiconductor Corp | ▼ | $1.97B |
| LASR Nlight, Inc. | ▼ | $1.94B |
| SEDG Solaredge Technologies, Inc. | ▲ | $1.93B |
| PLAB Photronics Inc | ▼ | $1.62B |
| ICHR Ichor Holdings, Ltd. | ▶ | $1.58B |
| BRKH Blaize Holdings, Inc. | ▼ | $1.45B |
| WOLF Wolfspeed, Inc. | ▶ | $1.23B |
| SHLS Shoals Technologies Group, Inc. | ▲ | $1.21B |
| AMBQ Ambiq Micro, Inc. | ▲ | $1.21B |
Where FSLR sits on the market map
Manufacturing · Semiconductors & Related Devices
News
First Solar, Inc. (FSLR) stock news
First Solar Inc. stock dips as company withdraws ITC patent case but keeps TOPCon lawsuits alive
First Solar Inc. stock trades near USD 202.30 as of September 16, 2026 while the company withdraws its Section 337 complaint ...
First Solar, Inc. to Announce Second Quarter 2026 Financial Results on July 30, 2026
First Solar, Inc. is America's leading photovoltaic ("PV") solar technology and manufacturing company. The only US-headquartered company among the world's largest solar manufacturers, First Solar is ...
FAQ
First Solar, Inc. (FSLR) stock forecast FAQ
What is the First Solar, Inc. (FSLR) stock forecast?
On Oct. 16, 2026, FSLR is rated Neutral: its 90-day Alpha forecast sits in the middle 30% of the 5185 stocks scored that day.
How accurate are First Solar, Inc. stock predictions?
For FSLR, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 4.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -16.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are First Solar, Inc. forecasts updated?
First Solar, Inc. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are First Solar, Inc.'s industry peers?
60 issuers in our coverage, FSLR included, share the SEC industry code Semiconductors & Related Devices. The largest are: Nvidia Corp (NVDA), Broadcom Inc. (AVGO), Advanced Micro Devices Inc (AMD), Intel Corp (INTC), Applied Materials Inc /De (AMAT), Texas Instruments Inc (TXN).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.