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STOCK COMPARISON

United Renewable Energy Co vs First Solar: Fair Value & Quality

Both stocks run through our valuation models. Here is how United Renewable Energy Co (3576) and First Solar (FSLR) compare, as of Aug 10, 2026.

As of Aug 10, 2026, Fair Value Calculator sees First Solar as the more attractively valued of the two: United Renewable Energy Co trades at TWD 16.95 versus a fair value of TWD 4.28 (-75%), while First Solar trades at $250 versus $284 (+14%).
United Renewable Energy Co
3576.TW · TWD · Information Technology
-75%
upside to fair value
overvalued
PriceTWD 16.95
Fair ValueTWD 4.28
Quality35/100
First Solar
FSLR · USD · Information Technology
+14%
upside to fair value
undervalued
Price$250
Fair Value$284
Quality65/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

United Renewable Energy CoFirst Solar
Valuation
—P/E (TTM)14.7×
0.37×P/S (TTM)4.52×
0.09×P/B2.57×
—EV/EBITDA9.7×
—PEG0.60×
Profitability
26%Net margin31%
-87%Operating margin33%
6%Return on equity18%
-4%Return on assets8%
Growth
-47%Revenue growth (YoY)24%
-45.5%Avg. growth/yr (3Y)25.8%
-24.6%Avg. growth/yr (5Y)14.0%
Balance & size
0.22×Debt / equity0.03×
$966MMarket cap$24B
weakGrowth qualityhealthy

First Solar leads: 2 to 8 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

United Renewable Energy Coof which business quality 33 · market factors 72 First Solarof which business quality 66 · market factors 45
ProfitabilityMargins and returns on capital today
0
56
Quality GrowthAre margins and returns improving?
17
54
CashflowEarnings quality: real cash, not paper profit
3
72
Fin. StrengthBalance sheet, leverage, solvency risk
47
94
InvestmentDisciplined investing over empire-building
67
14
Low VolatilityCalm price path (market factor)
45
8
MomentumPrice trend over the last 3–12 months (market factor)
87
58
52W MomentumDistance to the 52-week high (market factor)
75
64
Net IssuanceBuybacks instead of dilution
92
80

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

United Renewable Energy Co

Dividend DiscountTWD 1.08
Asset-BasedTWD 4.28

3 of 3 models see the stock below the current price.

First Solar

DCF Models$404
Earnings-Based$310
Multiples$263
Asset-Based$59.47
Growth DCF$296
Economic Profit$202
Growth Earnings$405

8 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

United Renewable Energy Co
Bear TWD 3.19Fair Value TWD 4.28Bull TWD 6.38
TWD 16.95 = current price (white tick)
First Solar
Bear $194Fair Value $284Bull $356
$250 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

United Renewable Energy Co · Information Technology

Quality score35 · bottom 25%
Fair value upside-75% · bottom 25%

First Solar · Information Technology

Quality score65 · Top 25%
Fair value upside+14% · Top 25%

Bottom line

As of Aug 10, 2026, Fair Value Calculator sees First Solar as the more attractively valued of the two: United Renewable Energy Co trades at TWD 16.95 versus a fair value of TWD 4.28 (-75%), while First Solar trades at $250 versus $284 (+14%).

First Solar has the higher quality score (65/100).

See the full analysis →
United Renewable Energy Co · First Solar

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.