First Solar, Inc.
FSLRTechnologyNASDAQSolar · Last scanned Sep 9, 2026
Scan Results
Daily timeframeFirst Solar, Inc., a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally. The $22.92B 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
$22.92B
Beta
1.73
P/E (TTM)
13.16
P/E (Fwd)
9.20
EPS (TTM)
$16.21
EPS (Fwd)
$23.17
ROE
18.5%
ROA
8.6%
Cash
$1.73B
Total Debt
$194.0M
Free CF
$1.60B
52W Change
0.3%
Annual Financials
Cash vs Debt
Where FSLR stands vs its 150-day and 200-day moving averages
As of the September 3, 2026 close, FSLR finished 9.07% below its 150-day moving average ($222.80) and 12.32% below its 200-day moving average ($231.07). 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 September 3, 2026 close, FSLR's RSI(14) was 28.3, in oversold territory (below 30). The MACD histogram was negative, so short-term momentum leaned bearish at that close. These readings are historical, refresh daily after market close, and are not investment advice.
The balance sheet looks solid with $1.73B in cash comfortably exceeding the $194.0M debt load. A net cash position generally provides financial flexibility during uncertain economic periods. The company generates $1.60B in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. 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.
A beta of 1.73 means FSLR is more volatile than average. Investors should be prepared for wider price swings relative to broader indices. The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence First Solar, Inc.'s trajectory.