First Solar, Inc (F3A) Fair Value & Analysis
Technology · DE · Market cap €21.5B
Fair value as of: Jul 11, 2026
From 24 valuation models · updated 9 days ago
Share price −19.2% over the past month.
Price vs Fair Value (12 months)
12‑month range €151.78 – €272.00 · fair‑value band €181.11 – €353.68 · the €181.80 price screens below the €284.46 fair value. As of Jul 11, 2026.
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First Solar, Inc (F3A) currently trades at €181.80, while our model-based Fair Value estimate is €284.46, implying the stock looks roughly 56.5% undervalued today. We read business quality at 56/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, First Solar, Inc generated revenue of €5.4B at a net margin of 30.7%. Revenue grew 23.6% year over year. It earns a return on equity of 18.4%. The balance sheet holds a net cash position of €2.0B. Fundamentals as of Jul 11, 2026
Our scenario range runs from €181.11 (bear case) to €353.68 (bull case); at €181.80, the current price sits within that range. The share trades about 32% below its 52-week high and 59% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at 18% fair-value upside, at 56%, F3A screens cheaper than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 11, 2026. TTM = trailing twelve months.
About the company
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 thin film semiconductor technology that provides conventional crystalline silicon PV solar modules. It also designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity. The company serves system developers, independent power producers, utilities, commercial and industrial companies, large corporate energy buyers, and other system owners and operators. 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 Phoenix, Arizona.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
First Solar, Inc reported revenue of €5.2B in FY2025 versus €2.9B in FY2021, a compound +15.6%/yr. Reported net income was €1.5B in FY2025, compounding +34.4%/yr from FY2021.
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Similar stocks
10 more Solar stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Nextpower Inc NXT | $131.57 | $79.08 | -40% |
| Tongwei Co 600438 | ¥13.00 | ¥47.50 | +265% |
| Waaree Energies Limited WAAREEENER | ₹3,061 | ₹3,613 | +18% |
| Jinko Solar Co 688223 | ¥5.15 | ¥7.41 | +44% |
| Hengdian Group 002056 | ¥25.45 | ¥24.36 | -4% |
| CSI Solar Co 688472 | ¥11.55 | ¥5.85 | -49% |
| Enphase Energy, Inc ENPH | $52.41 | $22.20 | -58% |
| Premier Energies Limited PREMIERENE | ₹1,066 | ₹670.05 | -37% |
| Trina Solar Co 688599 | ¥14.41 | ¥38.80 | +169% |
| JA Solar Technology Co 002459 | ¥8.45 | ¥30.38 | +260% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.