FSLR
First Solar, Inc. Information Technology Semiconductors & Related Devices S&P 500Russell 3000
$174.40Close
$18.7BMarket cap
$168.15 – $318.2552-week range
Jan 28, 2027Next report · estimated
Highlights
Strengths
- Earnings growing EPS +25% year on year, faster than the quarter before (+2 pts)
Cautions
- Not in an uptrend 0 of 8 trend conditions
- Lagging the market RS 12 · weaker than 88% of stocks over 12 months
- Far from its high 45% below its 52-week high
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
45%
1wk
up 1.4%
price change
1mo
down 0.4%
price change
12-month return
down 25%
market up 11% ·
its own down 39%
F-score
7 / 9
Strong
Altman Z
4.81
Low risk
P/E
12.2×
price / earnings
PEG
0.67
P/E / EPS growth
P/B
2.0×
price / book
Earnings yield
up 9.9%
EBIT / enterprise value
Cheaper than
79%
of the market · cheap
Revenue growth
up 24%
year on year
EPS growth
up 25%
latest quarter · +2 pts
Sales growth
down 23%
latest quarter · -19 pts
ROE
up 17%
return on equity
Free cash margin
up 23%
$1.2B FCF
D/E
0.03
long-term debt / equity
Net debt / EBITDA
-1.2×
net cash
Interest cover
—EBIT / interest
Piotroski tests
- issued more shares
- gross margin narrowed
- profitable on its assets
- generating cash from operations
- profitability improving
- profits backed by cash
- reduced long-term debt
- short-term liquidity improved
- assets working harder
Repair signals
- FCF turned positive ($-308M → $1,187M)
- Long-term debt down 24% ($0.4B → $0.3B)
Trade setup
ATR%
4.2%
$7.29 a day · 2×ATR $159.81
RS
12 / 99
vs the universe
Trend
0 / 8
trend template
Relative volume
1.6×
vs 50-day average
Up/down volume
0.82
50 sessions
Implied move
—
no scheduled report
Contractions
4
39% → 27% → 24% → 12%
Pivot
$187.85
7.2% below
Volume dry-up
1.0×
10 vs 50 sessions
Trend template · 0 of 8
Screen verdict
Did not qualify for any screen.
Warning signs
- Gross margin narrowing Gross margin fell from 44.2% to 40.6%. The company is keeping less of each dollar of sales than it did a year ago.
Last reported
Oct 29, 2026
Last shock
Sep 24, 2026-10% in one session2.7× volumeno filing matched+1% since
Options
$71.3M53.3% IV · activity
Financials
- Gross 41%
- Net 29%
- Free cash 23%
- Cash
- Long-term debt
| FY2020Dec 31, 2020 | FY2021Dec 31, 2021 | FY2022Dec 31, 2022 | FY2023Dec 31, 2023 | FY2024Dec 31, 2024 | FY2025Dec 31, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $2.7B | $2.9B | $2.6B | $3.3B | $4.2B | $5.2B |
| Gross margin | 25% | 25% | 3% | 39% | 44% | 41% |
| Operating income | $317.5M | $586.8M | -$27.2M | $857.3M | $1.4B | $1.6B |
| Net income | $398.4M | $468.7M | -$44.2M | $830.8M | $1.3B | $1.5B |
| Net margin | 15% | 16% | -2% | 25% | 31% | 29% |
| Earnings per share | $3.73 | $4.38 | -$0.41 | $7.74 | $12.02 | $14.21 |
| Free cash flow | -$379.5M | -$302.7M | -$30.2M | -$784.5M | -$308.1M | $1.2B |
| Free cash margin | -14% | -10% | -1% | -24% | -7% | 23% |
| Cash | $1.2B | $1.5B | $1.5B | $1.9B | $1.6B | $2.8B |
| Long-term debt | $237.7M | $236.0M | $184.3M | $464.1M | $373.4M | $282.6M |
| Shareholders' equity | $5.5B | $6.0B | $5.8B | $6.7B | $8.0B | $9.5B |
| Shares outstanding | 105.98m | 106.33m | 106.61m | 106.85m | 107.06m | 107.31m |
What options price now
- Expected 1-month range The at-the-money straddle for the expiry nearest a month out, as a share of the price: the move, either way, the option market is pricing by then. The range is the price plus and minus that move; the stock ends inside it a little more often than not. Methodology
- $155 – $195 ±11.5% by Nov 27, 2026
- Swings expected vs recent The daily swings the options are priced for (implied volatility) against the swings the stock actually had over the last 20 sessions (realised volatility). Bigger means options charge for more movement than the stock has been delivering; smaller, less. On a contract row, that contract's own implied volatility over the stock's realised. Methodology
- Bigger 53.3% priced · 33.5% recent
- Next month vs later At-the-money implied volatility for 8-45 day expiries over 46-90 day ones: whether options price the coming month as choppier or calmer than the two after it. Ahead of a report it usually reads choppier, and the extra comes out once the report is out. Methodology
- Choppier
- Crash protection What options that pay off in a fall cost against options that pay off in a rise (the 25-delta skew), compared with this company's own normal - the median of its stored nightly readings, once there are 20 - and with five sessions ago. Protection costs a little more than upside on most shares. More than usual means readers of the chain are paying up to insure against a drop; it does not say which way the stock will go. Methodology
- past week: costs more
Positioning
- Premium traded
- $71.3M calls $11.1M · puts $60.2M · latest session
- 5.44× -7.78 over the week
- Open interest added The change over five sessions in option positions left open overnight, calls and puts. A rise means positions were added. It cannot say whether they were bought or sold, so more calls is not a vote for a rise: a call is as often sold against shares already held. Methodology
- calls +635 · puts +31.66k past week
For options traders: ATM IV 53.3% (-8.7% 1w) · 1m ÷ 3m IV 1.10 · 25Δ skew 2.5 pts · Net GEX -$9.4M
Most traded contracts
No contract passed the liquidity filters this week.
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Oct 29, 2026 | Quarterly ↗ | Sep 30, 2026 | 29d |
| Jul 30, 2026 | Quarterly ↗ | Jun 30, 2026 | 30d |
| Apr 30, 2026 | Quarterly ↗ | Mar 31, 2026 | 30d |
| Feb 24, 2026 | Annual ↗ | Dec 31, 2025 | 55d |
| Oct 30, 2025 | Quarterly ↗ | Sep 30, 2025 | 30d |
| Jul 31, 2025 | Quarterly ↗ | Jun 30, 2025 | 31d |
| Apr 29, 2025 | Quarterly ↗ | Mar 31, 2025 | 29d |
| Feb 25, 2025 | Annual ↗ | Dec 31, 2024 | 56d |
| Oct 29, 2024 | Quarterly ↗ | Sep 30, 2024 | 29d |
| Jul 30, 2024 | Quarterly ↗ | Jun 30, 2024 | 30d |
| May 1, 2024 | Quarterly ↗ | Mar 31, 2024 | 31d |
| Feb 27, 2024 | Annual ↗ | Dec 31, 2023 | 58d |
Current reports
| Filed | Disclosed |
|---|---|
| Oct 29, 2026 | Results · Other events ↗ |
| Jul 30, 2026 | Results ↗ |
| May 15, 2026 | Shareholder vote ↗ |
| Apr 30, 2026 | Results ↗ |
| Feb 24, 2026 | Results ↗ |
| Feb 19, 2026 | Material agreement · Agreement ended · New obligation ↗ |
| Oct 30, 2025 | Results ↗ |
| Oct 21, 2025 | Other events ↗ |
| Jul 31, 2025 | Results ↗ |
| Jul 30, 2025 | Other events ↗ |
| Jun 24, 2025 | Other events ↗ |
| May 16, 2025 | Shareholder vote ↗ |