First Solar, Inc., a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules. It also designs, manufactures, and sells cadmium telluride solar modules that converts sunlight into electricity. The company's residual business operations include project development activities, operations and maintenance services, and the sale of PV solar power systems to third-party customers. 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.
First Solar, Inc. (FSLR) reported trailing twelve months (TTM) revenue of $5.22B as of December 2025, which represents a 24.1% increase year-over-year. The company's operating margin has expanded to 32.6% from 30.2% a year ago. In terms of profitability, FSLR generated $1.53B in net income. Valuation-wise, the stock trades at a P/E ratio of 18.6x and a Price-to-Sales (P/S) ratio of 5.4x. The company generated $1.11B in free cash flow over the last twelve months, indicating its ability to reinvest in growth or return capital to shareholders. Data based on the most recent quarterly reports.
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