First Solar, Inc., a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules. It also designs, manufactures, and sells cadmium telluride solar modules that converts sunlight into electricity. The company’s residual business operations include project development activities, operations and maintenance services, and the sale of PV solar power systems to third-party customers. It serves developers and operators of systems, utilities, independent power producers, commercial and industrial companies, and other system owners. The company was formerly known as First Solar Holdings, Inc. and changed its name to First Solar, Inc. in 2006. First Solar, Inc. was founded in 1999 and is headquartered in Tempe, Arizona.
Solar Tech Pionee | First Solar leads with proprietary CdTe thin-film technology, differentiating itself in the competitive solar market and driving innovation in utility-scale projects |
Financial Resilience | Despite recent challenges, First Solar maintains strong financials with a "GREAT" health score of 3.05, projecting significant revenue growth to $7.76 billion by 2028 |
Policy Tailwinds | Explore how the Inflation Reduction Act and potential domestic content requirements could bolster First Solar's market position, with analyst price targets ranging from $236 to $290 |
Market Dynamics | Learn about First Solar's strategic pivot in response to global competition, redirecting Indian production to the U.S. market to capitalize on higher ASPs and improved margins |
Metrics to compare | FSLR | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipFSLRPeersSector | |
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P/E Ratio | 10.9x | 2.5x | 10.7x | |
PEG Ratio | 0.20 | 0.00 | 0.01 | |
Price/Book | 1.8x | 1.2x | 2.4x | |
Price / LTM Sales | 3.3x | 0.8x | 1.9x | |
Upside (Analyst Target) | 81.5% | 205.2% | 41.9% | |
Fair Value Upside | Unlock | 30.3% | 9.7% | Unlock |