Added to YB: 2026-02-24
Pitch date: 2026-02-20
FSLR [neutral]
First Solar, Inc.
-0.15%
current return
Author Info
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Company Info
First Solar, Inc., a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.
Market Cap
$26.0B
Pitch Price
$242.50
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.15
P/E
18.56
EV/Sales
4.91
Sector
Semiconductors and Semiconductor Equipment
Category
turnaround
FirstSolar – updated methodology
FSLR (SELL): Commodity solar panel maker w/ 10/10 execution but 6.3/10 moat. Recent FCF turn positive driven by IRA credits & supply chain compliance premium, not tech edge. 80% YoY rev growth masks 12% gross margin collapse. Backlog down 14% YoY (68.5GW). Priced for 22% growth but lacks stable history—only 1yr+ FCF. Exposed to China competition, tariff shifts & emerging mkt volatility (India/Chile). Not buy-&-hold; cyclical commodity requiring constant monitoring.
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