First Solar, Inc.
FSLRTechnologyNASDAQSolar · Last scanned Jun 3, 2026
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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. Valued at $33.42B, FSLR is a large-cap name in its sector. The company manufactures and sells PV solar modules with thin film semiconductor technology that provides conventional crystalline silicon PV solar modules.
Market Cap
$33.42B
Beta
1.56
P/E (TTM)
20.08
P/E (Fwd)
13.27
EPS (TTM)
$15.49
EPS (Fwd)
$23.43
ROE
18.4%
ROA
8.5%
Cash
$2.43B
Total Debt
$587.1M
Free CF
$1.15B
52W Change
94.6%
Annual Financials
Cash vs Debt
First Solar, Inc. holds $2.43B in cash against $587.1M 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 $1.15B supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. Return on equity stands at 18.4%, which is strong for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. An ROA of 8.5% 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.
A beta of 1.56 means FSLR is more volatile than average. Investors should be prepared for wider price swings relative to broader indices. 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.