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Company Overview We are America s leading PV solar technology and manufacturing company. The only U.S.-headquartered company among the world s largest solar manufacturers, First Solar is focused on competitively and reliably enabling power generation needs with our advanced, uniquely American thin film PV technology.
$311.01
+$8.01 (+2.64%)
Last close via Marketstack
Margins and capital returns are both well above average: 30.59% operating margin, ROIC at 16.35%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue grew 24.1%, still solid. Margins contracted 2.6pp, which offsets some of the top-line progress.
Even for strong businesses, today's 20x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
20.1x earnings, 20.1x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$5.42B
▲ +24.1% YoY
Net Income (TTM)
$1.67B
▲ +18.3% YoY
Op. Margin
31.76%
▼ -2.6pp YoY
ROIC
16.85%
▲ +0.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$1.67B
▲ +485.4% YoY
Op. Cash Flow (TTM)
$2.45B
▲ +68.9% YoY
Net Debt
-$1.84B
Net Cash Position
Cash & Equiv.
$2.43B
5Y CAGR: +14.0%
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