FSLR · NASDAQ · STOCK
First Solar (FSLR) Stock Analysis
$214.20
52W $182.99 – $320.95
65/100
$23.03B
13.2
1.75
⚠
Buy rating, but near-term risk/reward is unfavorable
The long-term recommendation is based on the composite investment score. The near-term risk/reward is based on nearby support and resistance levels. These can differ when a strong company trades close to resistance with support further below.
Is FSLR Bullish or Bearish?
Bullish.
Innellis AI committee rates First Solar (FSLR) Buy with a composite score of 65/100
, based on 6 analysts with 67% agreement.
Last updated August 23, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +9.80 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -10.20 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The primary driver is eps growing 38.7% yoy. The main limiting factor is macd histogram negative -- bearish momentum. The committee is constructive but not yet at full conviction.
Bull & Bear Case
Bull Case
- P/E of 13.8 is inexpensive for the broad market — Value
- ROE of 18.0% shows genuine earnings power backing the valuation — Value
- EPS growing 38.7% YoY — Growth
- 3 consecutive earnings beats -- consistent execution — Growth
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
- Weekly trend (sideways) confirms the daily trend -- multi-timeframe agreement — Technical
Bear Case
- MACD histogram negative -- bearish momentum — Technical
- Bollinger bandwidth of 27.1% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of August 23, 2026
Overall Committee Score
65/100
Agreement
67%
Analysts
6
Conviction
Moderate
Sector Rank
Top 6%
of 93 Energy peers
Value Analyst
bullish
70
/ 100 · High confidence
Classic value case: cheap on multiples with earnings power to back it up
+ P/E of 13.8 is inexpensive for the broad market
Growth Analyst
bullish
79
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ EPS growing 38.7% YoY
Technical Analyst
neutral
54
/ 100 · High confidence
Mixed or range-bound price action
+ Weekly trend (sideways) confirms the daily trend -- multi-timeframe agreement
− MACD histogram negative -- bearish momentum
Risk Analyst
neutral
58
/ 100 · Moderate confidence
Moderate risk -- no single red flag, but nothing that clearly de-risks the position either
+ Low leverage (debt-to-equity 0.06) -- balance sheet can absorb a shock
− Bollinger bandwidth of 27.1% signals elevated volatility
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
bullish
66
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.27 across 32 articles, 14d)
Portfolio Manager
neutral
45
/ 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 3069.37)
Investment Thesis Evolution
Committee score moved marginally from 65.2 to 65.2.
- Bullish support removed: 1 signal(s) disappeared.
- New bullish signals: 1 appeared.
Analyst-level changes:
- News Analyst: +1 bullish signal(s).
Comparing 2026-08-22 to 2026-08-23 (1 day apart).
Technical Analysis
RSI (14)
37.2
Neutral
MACD Histogram
-1.332
Bearish Momentum
Trend Direction
Sideways
Weekly: Sideways
Market Structure
Mixed
Support
$202.37
Resistance
$221.39
Bollinger %B
0.34
Inside Bands
Price vs Moving Averages
EMA 9
$221.26
Below
EMA 21
$223.69
Below
EMA 50
$227.72
Below
EMA 200
$225.17
Below
Fundamental Analysis
Valuation
96
Growth
88
Profitability
85
Financial Health
100
Cash Flow
70
Valuation
P/E Ratio
13.2×
P/B Ratio
2.23×
PEG Ratio
0.34
Dividend Yield
0.00%
52W High
$320.95
52W Low
$182.99
Quality & Growth
ROE
1602.2%
ROA
1147.2%
Gross Margin
4401.6%
Operating Margin
3365.0%
Revenue Growth YoY
—
Debt / Equity
0.02
AI Fundamental Assessment
P/E ratio of 13.2 (inexpensive relative to a 15-40x range); Price-to-book of 2.2x; PEG ratio of 0.3 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 16.0%; Return on assets of 11.5%; Net margin of 32.5%; Gross margin of 44.0%; Current ratio of 2.52 (healthy short-term liquidity); Debt-to-equity of 0.02; Free cash flow per share is positive (13.96); Most recent quarter beat estimates by 35.5%; 3 consecutive earnings beats; EPS growth accelerating (+0.0% -> +21.7% QoQ); Average YoY EPS growth of 23.3%; Analyst estimates flat over recent quarters
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