Skip to Content
Morningstar
Get 14 Days Free

First Solar Inc FSLR

Morningstar Rating
Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Stewardship

PREMIUM

Policy Outlook Brightens for First Solar; Stock Soars Past Our Fair Value Estimate

Travis Miller Strategist

Analyst Note

| Travis Miller |

We are reaffirming our $59 per share fair value estimate as the solar energy industry continues to feel the tailwinds from the supportive U.S. energy policy. We are reaffirming our no-moat and stable moat trend ratings.

Read Full Analysis

Company Profile

Business Description

First Solar designs and manufactures photovoltaic solar modules; develops, designs, and constructs utility-scale solar systems using the company’s modules; and provides operating services for the system owners. 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, and Ohio.

Contact
350 West Washington Street, Suite 600
Tempe, AZ, 85281
T +1 602 414-9300
Sector Technology
Industry Solar
Most Recent Earnings Mar 31, 2020
Fiscal Year End Dec 31, 2020
Stock Type Slow Growth
Employees 6,600

Related

Stock Strategist Industry Reports
3 Things for U.S. Utilities Investors to Watch
Valuation, growth capital expenditure, and renewable energy are top of mind.
Andrew Bischof
Stock Strategist Industry Reports
Looking for Answers in Utilities' Earnings
Usually bland first-quarter earnings reports should offer many insights for 2020 and beyond.
Travis Miller
Our Picks
3 Promising Green Stocks
Not all of these stocks trade in buying range today, but they’re solid watchlist candidates for environmentally focused investors.
Susan Dziubinski
Stock Strategist
5 Stocks We Like
These names look oversold to us.
Susan Dziubinski
Market Update
New 5-Star Stocks
These names are all significantly undervalued by our standards after the market rout.
Susan Dziubinski
Stock Strategist
First Solar Has a Bright Near-Term Outlook That Could Dim
The firm faces stiff competition from inside and outside the industry.
Travis Miller
Our Picks
9 Winners Managing ESG Risk
These stocks are well-positioned to tackle the material environmental, social, and governance risks facing their industries.
Susan Dziubinski
Our Picks
33 Undervalued Stocks for 2020
Here are our analysts' top ideas in each sector for the new year.
Susan Dziubinski
Quarter-End Insights
Utilities: Sky-High Stocks Flying Too Close to the Sun?
Investors should approach these lofty valuations with caution.
Travis Miller
Stock Strategist Industry Reports
The Renewable Future
Utilities winners and losers as the U.S. goes green.
Travis Miller
Rekenthaler Report
Are Index Funds Too Soft on CEOs?
Let's look at the argument that indexers fail with corporate governance.
John Rekenthaler
Investing Specialists
Top 10 Holdings of Our Best-Performing Ultimate Stock-Pickers
While a majority of our top fund managers are outperforming this year, five of them truly stand out from the rest given their ability to outperform the market over all time periods.
The Morningstar Ultimate Stock-Pickers Team
Fund Spy
A Preview of Sequoia's Coming Attractions
Greater diversification means a host of new names.
Kevin McDevitt
Stock Strategist Industry Reports
Solar Downturn Still in the Early Innings
First Solar is the one company that we think may have near-term upside.
Stephen Simko
Investing Specialists
Our Ultimate Stock-Pickers' Top 10 Buys and Sells
Investor redemptions are starting to impact our managers' purchases and sales.
The Morningstar Ultimate Stock-Pickers Team
Market Update
After The Bell: Starbucks, First Solar Earnings on Tap
Starbucks is aggressively pushing growth, while First Solar could feel the heat.
Rouhan Sharma
Quarter-End Insights
M&A Will Continue in Tech and Telecom
As firms seek to better position themselves for growth and utilize excess cash, look for competition to intensify.
Grady Burkett
Stock Strategist Industry Reports
Dark Days for the Solar Sector
Sell-off gaining steam, but will provide attractive entry point for investors.
Stephen Simko
Market Update
After the Bell: AIG, First Solar Earnings on Tap
AIG looks fairly valued ahead of its earnings, while First Solar is still slightly undervalued.
Nazim Khan
Fund Spy
Do Solar-Powered Funds Have a Sunny Future?
There's no guarantee they'll make hay even if the sun shines.
David Kathman