FSLR

Nasdaq

FIRST SOLAR, INC.

Information Technology, Semiconductors

$250.05

close 7 Aug 2026

+37.29%

52-week change

$26.87B

market cap

$176.47

$320.95

52-week range

Expected price

$297.71 – $363.86

Current price

$250.05

Signal

Could be undervalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)15.42x

P/S (TTM)5.00x

P/B2.60x

EV/EBITDA (TTM)10.57x

FCF yield (TTM)5.58%

PEG (TTM, GAAP)—

Context

P/E, own 5-year average66.26x

P/E, sector median37.34x*

Price at 5-year median P/E$329.23*

Forward — analyst consensus

Forward P/E (FY2026)14.34x*

Forward P/E (FY2027)10.99x

Forward PEG0.47*

Consensus EPS FY2026 (30 analysts)$17.44

EPS growth (FY2026→FY2027)30.43%

Revenue growth (FY2026)-3.26%

Street view

Price target (mean)$256.14*

Target upside2.44%

Ratings (buy / hold / sell)22 / 12 / 2

FY2026 EPS revisions, 30d (up / down)1 / 4

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

period to 30 Jun 2026, filed 30 Jul 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$250.05

Cash & equivalents$1.69B

Total debt$37.64M

Shares outstanding107.47M

Result

DCF price per share$331.57

Current price$250.05

Margin of safety+32.60%

PV of years 1–10$12.89B

PV of terminal value$21.09B

Equity value$35.63B

Market-implied growth+1.18%

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$1.58B	$1.65B	$1.74B	$1.82B	$1.91B	$2.01B	$2.11B	$2.22B	$2.33B	$2.44B	$45.54B
PV	$1.46B	$1.42B	$1.38B	$1.34B	$1.30B	$1.27B	$1.23B	$1.20B	$1.16B	$1.13B	$21.09B

period to 30 Jun 2026, filed 30 Jul 2026, close 7 Aug 2026