First Solar, Inc. Website

First Solar, Inc.

NasdaqGS-FSLR

Company Overview

First Solar, Inc. provides photovoltaic (PV) solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally. The company designs, manufactures, and sells cadmium telluride solar modules that converts sunlight into electricity. It serves developers and operators of systems, utilities, independent power producers, commercial and industrial companies, and other system owners. The company was formerly known as First Solar Holdings, Inc. and changed its name to First Solar, Inc. in 2006. First Solar, Inc. was founded in 1999 and is headquartered in Tempe, Arizona.

  • Name

    First Solar, Inc.

  • CEO

    Mark R. Widmar

  • Website

    www.firstsolar.com

  • Sector

    Semiconductors and Semiconductor Equipment

  • Year Founded

    1999

Company Statistics

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Bulls Say

  • First Solar’s balance sheet strength has enabled the company to persist through solar cycles when competitors have failed.

  • First Solar’s thin-film cadmium telluride technology is unique in the industry and benefits from its simple manufacturing process and supply chain.

  • First Solar is well positioned to benefit from US solar manufacturing incentives.

Bears Say

  • First Solar competes in the fiercely competitive and highly commoditized solar module industry.

  • First Solar’s cost per watt is generally higher than crystalline silicon peers.

  • First Solar's long-term competitiveness and financial performance hinge heavily on US policy decisions.

Source: Morningstar Analysis - Oct 31, 2025

What's happening

Nov 5, 2025 - Dec 5, 2025

First Solar Inc Faces Challenges Amid Positive Developments

  • First Solar inaugurated a new manufacturing facility in Louisiana, investing $1.1 billion to enhance domestic production capacity.
  • Increased solar energy generation in California is benefiting companies like First Solar as natural gas consumption declines.
  • Despite strong quarterly results, FSLR adjusted its full-year guidance downward due to industry challenges.

Over the past month, First Solar Inc. (FSLR) experienced a decline of 2.5%. This performance stands in contrast to the S&P 500's modest gain of 1.3%, indicating an underperformance relative to broader market trends by -3.7%. The stock exhibited significant fluctuations driven by both bullish and bearish sentiments throughout this period.

Positive developments included the inauguration of a new manufacturing facility in Louisiana, representing a $1.1 billion investment aimed at significantly enhancing domestic production capacity by adding 3.5 gigawatts annually starting from 2026. This expansion underscores First Solar's commitment to increasing its operational footprint while utilizing domestically sourced materials, which could reduce reliance on international supply chains amid current geopolitical tensions affecting global trade.

Additionally, reports indicated increased solar energy generation in California as natural gas consumption declined, favoring companies like First Solar that are heavily invested in solar technology solutions. Analysts maintained favorable ratings for FSLR during this time; however, despite these positive indicators and strong quarterly performance results showing record revenues slightly above expectations, the company revised its full-year guidance downward due to various industry challenges.

On the downside, notable bearish events contributed negatively to sentiment surrounding FSLR’s stock price movements as well. A significant insider sale involving shares sold by Chief Commercial Officer Antoun Georges raised concerns about management confidence among investors regarding future outlooks for the company’s growth trajectory and capital allocation strategies amidst fluctuating market conditions.

Overall, while there were several bullish factors supporting FSLR's potential growth—including strategic investments and favorable industry trends—the impact of executive sell-offs and revised earnings guidance overshadowed these positives leading to an overall decrease in stock value over the month compared with sector peers and broader indices like the S&P 500 or Information Technology sector performance where it underperformed by -1.5%.

NasdaqGS:FSLR