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First Solar Inc FSLR Stock Quote

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Morningstar‘s Stock Analysis FSLR

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First Solar Sees Robust Booking Momentum; Raising Fair Value Estimate to $152

Brett Castelli Equity Analyst

Analyst Note

| Brett Castelli |

We've increased our First Solar fair value estimate to $152 per share from $135 following third-quarter results. The primary driver of our increase is higher average selling prices based on the company's recent bookings. We continue to view First Solar as uniquely positioned to benefit from recently passed U.S. solar manufacturing incentives. The shares trade at an approximate 13% discount to our revised fair value estimate.

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Key Statistics FSLR

Company Profile FSLR

Business Description

First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world’s largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, the United States, and a new factory under construction in India.

350 West Washington Street, Suite 600
Tempe, AZ, 85281
Industry Solar
Employees 4,800

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FAQs for First Solar Inc Stock

No. FSLR does not currently have a forward dividend yield.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

FSLR’s market cap is 16.50 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

FSLR’s stock style is Mid Growth.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

FSLR’s price/sales is 6.65.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

FSLR’s price/forward earnings is 36.90.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

FSLR’s price/book is 2.83.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See FSLR’s valuation ratios compared to the Market Index.

FSLR’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare FSLR’s historical performance against its industry peers and the overall market.