Added to YB: 2026-05-01
Pitch date: 2026-04-30
FSLR [neutral]
First Solar, Inc.
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
$20.5B
Pitch Price
N/A
Price Target
243.00 (+20%)
Dividend
N/A
EV/EBITDA
8.50
P/E
13.41
EV/Sales
3.50
Sector
Semiconductors and Semiconductor Equipment
Category
value
Earnings Edge for None: Setups for First Solar
FSLR (earnings): Q4 beat. 2026 rev guide $4.9B-$5.2B disappoints vs $6.16B consensus, flat YoY growth. 50.1GW/$15B backlog, 49.5% gross margin (incl 45X credits). SE Asia plants ~20% utilization drag 10pts margin. 45X credits phase out 2030. Core margin ~7% ex-credits. At 11.7x fwd P/E, 0.50 PEG. Citi $243 PT (+24%). Risks: tariff uncertainty, IRA rollback, stranded assets.
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