First Solar, Inc.
FSLRTechnologyNASDAQSolar
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Daily timeframeFirst Solar, Inc., a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally. The $18.07B market capitalization puts FSLR squarely in large-cap range for its industry. The company manufactures and sells PV solar modules with thin film semiconductor technology that provides conventional crystalline silicon PV solar modules.
Market Cap
$18.07B
Beta
1.79
P/E (TTM)
10.37
P/E (Fwd)
7.16
EPS (TTM)
$16.22
EPS (Fwd)
$23.50
ROE
18.5%
ROA
8.6%
Cash
$1.73B
Total Debt
$194.0M
Free CF
$1.60B
52W Change
-32.1%
Annual Financials
Cash vs Debt
Where FSLR stands vs its 150-day and 200-day moving averages
As of the October 12, 2026 close, FSLR finished 18.25% below its 150-day moving average ($217.52) and 19.93% below its 200-day moving average ($222.07). This snapshot is end-of-day data shown with a five-trading-day delay on the free plan; Premium members see readings from the latest close.
Is FSLR overbought or oversold?
At the October 12, 2026 close, FSLR's RSI(14) was 31.3, in neutral territory (between 30 and 70). The MACD histogram was positive, so short-term momentum leaned bullish at that close. These readings are historical, refresh daily after market close, and are not investment advice.
First Solar, Inc. holds $1.73B in cash against $194.0M in total debt, giving it a net cash position. This means the company could theoretically pay off all its debt and still have cash remaining. Annual free cash flow of $1.60B supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. Return on equity stands at 18.5%, which is strong for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. An ROA of 8.6% suggests reasonable efficiency in deploying the company's asset base. Revenue has grown from $2.62B (2022) to $5.22B (2025), reflecting a 99% increase over the period.
With a beta above 1.5, FSLR tends to amplify broader market moves — both up and down. This higher volatility means larger price swings are common. With cash comfortably exceeding debt, FSLR has financial flexibility that may help navigate uncertain periods. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing FSLR.