FSLR

First Solar, Inc.

Energy · $18.5B market cap

Verdict

Share price

$174.61

close of Oct 3, 2026

Fair value

$245.70

Sticker Price

Payback Price

$98.28

buy price

Undervalued

FSLR is Undervalued: at $174.61 it trades 29% below its fair value of $245.70. Its buy price (Payback Price) is $98.28, 44% below today's price. Business quality is limited: only 1 of 5 key numbers clears the 10% bar.

How we valued it

Buffett Normalized. A profitable, growing business, so we project its earnings 10 years ahead and work out what that is worth today.

Business quality

1 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth8.5% a year✗
Equity per share growth5.1% a year✗
Sales growth4.0% a year✗
Free cash flow growth9.7% a year✗
Return on invested capital11.6%✓

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Superinvestors

1 of the investors we track holds FSLR. In Q2 2026, 1 trimmed and 1 sold out. Who we track

Moves in Q2 2026

Trimmed: John Rogers

Sold out: Polen Capital Management

Insider activity

Since Jun 30, 2026: no open-market purchases, 8 sales worth $3.6M and 14 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

Other filings

About First Solar, Inc.

First Solar, Inc. is a global provider of photovoltaic (PV) solar energy solutions, operating in numerous international markets including the United States, Japan, France, Canada, India, and Australia. The company's primary activity involves the engineering, manufacturing, and sale of cadmium telluride solar modules, which are designed to convert solar radiation directly into electricity. Its clientele is broad…

Solar

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works