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First Solar, Inc (FSLR34) Fair Value & Analysis

Technology · BR · Market cap R$156B

FS First Solar, Inc FSLR34 · SA
PriceR$562.46
Fair ValueR$140.34
Upside-75.1%
Quality59/100
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Evidence: High Range R$91.13 – R$172.49

Fair value as of: Jul 16, 2026

From 24 valuation models · updated today

Share price −16.1% over the past month.

Price vs Fair Value (12 months)

R$797.72 R$452.64 Fair Value R$140.34 Jul 2025 Jul 2026

12‑month range R$452.64 – R$797.72 · fair‑value band R$91.13 – R$172.49 · the R$562.46 price screens above the R$140.34 fair value. As of Jul 16, 2026.

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Analysis

First Solar, Inc (FSLR34) currently trades at R$562.46, while our model-based Fair Value estimate is R$140.34 — implying the stock looks roughly 75.1% overvalued today. We read business quality at 59/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, First Solar, Inc generated revenue of R$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 stock trades on a trailing P/E of 18.6. Fundamentals as of Jul 16, 2026

Our scenario range runs from R$91.13 (bear case) to R$172.49 (bull case); at R$562.46, the current price sits above that range. The share trades about 30% below its 52-week high and 55% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at 26% fair-value upside — at -75%, FSLR34 screens richer than that median.

Key figures & financial health

Revenue (TTM) R$5.4B
Revenue growth (YoY) +23.6%
Net margin 30.7%
Return on equity 18.4%
Free cash flow R$1.2B FY2025
P/E ratio 18.6
More key figures
Operating margin 33.1%
EPS (TTM) R$38.92
EPS growth (YoY) +65.1%

Figures from reported company fundamentals (EODHD) · as of Jul 16, 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 R$5.2B in FY2025 versus R$2.9B in FY2021, a compound +15.6%/yr. Reported net income was R$1.5B in FY2025, compounding +34.4%/yr from FY2021.

Revenue +15.6%/yr
FY21 R$2.9B
FY22 R$2.6B
FY23 R$3.3B
FY24 R$4.2B
FY25 R$5.2B
Net income +34.4%/yr
FY21 R$469M
FY22 −R$44.2M
FY23 R$831M
FY24 R$1.3B
FY25 R$1.5B

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Cite: Fair Value Calculator (2026). "First Solar, Inc Fair Value". https://www.fairvalue-calculator.com/stock/FSLR34

Recent news

External third-party headlines (Yahoo Finance, Reuters and others) — not an editorial selection, not financial advice.

Similar stocks

10 more Solar stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Nextpower Inc NXT $131.57 $79.08 -40%
Tongwei Co 600438 ¥13.70 ¥29.90 +118%
Enphase Energy, Inc E0P €45.01 €12.13 -73%
Waaree Energies Limited WAAREEENER ₹3,017 ₹3,803 +26%
Jinko Solar Co 688223 ¥5.15 ¥7.41 +44%
Hengdian Group 002056 ¥29.24 ¥26.51 -9%
CSI Solar Co 688472 ¥10.11 ¥7.01 -31%
Premier Energies Limited PREMIERENE ₹1,080 ₹670.05 -38%
Trina Solar Co 688599 ¥14.41 ¥38.80 +169%
JA Solar Technology Co 002459 ¥8.45 ¥30.38 +260%

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Frequently asked questions

Is First Solar, Inc (FSLR34) undervalued?
As of Jul 16, 2026, our model estimates a fair value of R$140.34 versus a price of R$562.46 — about −75% (overvalued). Model-based estimate, not financial advice.
What is the fair value of FSLR34?
Our model-based fair value for First Solar, Inc is R$140.34 (as of Jul 16, 2026), built from audited fundamentals. The current price is R$562.46.
What is the quality score of FSLR34?
First Solar, Inc has a Quality Score of 59/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of First Solar, Inc (FSLR34)?
First Solar, Inc reported trailing-twelve-month revenue of about R$5.4B (latest available figure, as of Jul 16, 2026).
What is the net profit margin of FSLR34?
The net profit margin of First Solar, Inc is about 30.7%, meaning it keeps roughly 30.7% of revenue as net income. Based on the latest reported figures.

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.