FSLR · NASDAQ · STOCK
First Solar (FSLR) Stock Analysis
$177.87
52W $168.60 – $320.95
64/100
$19.11B
10.9
1.79
Is FSLR Bullish or Bearish?
Bullish.
Innellis AI committee rates First Solar (FSLR) Buy with a composite score of 64/100
, based on 6 analysts with 50% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +11.23 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 — -8.77 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 committee is genuinely divided. Growth Analyst sees a compelling case — eps growing 38.7% yoy. Portfolio Manager remains cautious — sector concentration is already high (hhi 2796.97). This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- P/E of 11.0 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
- MACD histogram positive -- bullish momentum — Technical
Bear Case
- Price structure making lower highs and lower lows — Technical
- Bollinger bandwidth of 25.9% 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 October 10, 2026
Overall Committee Score
64/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 17%
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 11.0 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
52
/ 100 · High confidence
Mixed or range-bound price action
+ MACD histogram positive -- bullish momentum
− Price structure making lower highs and lower lows
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 25.9% 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
neutral
60
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 62.7 to 63.8.
- New bearish signals: 1 appeared.
- Bullish support removed: 1 signal(s) disappeared.
- New bullish signals: 1 appeared.
- Bearish pressure eased: 1 signal(s) disappeared.
Analyst-level changes:
- News Analyst: score 53->60 (+6).
- Risk Analyst: +1 bearish signal(s).
- Value Analyst: +1 bullish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
41.5
Neutral
MACD Histogram
0.730
Bullish Momentum
Trend Direction
Downtrend
Weekly: Sideways
Market Structure
Mixed
Support
$177.02
Resistance
$185.15
Bollinger %B
0.35
Inside Bands
Price vs Moving Averages
EMA 9
$178.95
Below
EMA 21
$185.49
Below
EMA 50
$199.06
Below
EMA 200
$215.79
Below
Fundamental Analysis
Valuation
98
Growth
88
Profitability
85
Financial Health
100
Cash Flow
70
Valuation
P/E Ratio
10.9×
P/B Ratio
1.85×
PEG Ratio
0.28
Dividend Yield
0.00%
52W High
$320.95
52W Low
$168.60
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 10.9 (inexpensive relative to a 15-40x range); Price-to-book of 1.9x; 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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