First Solar, Inc. (FSLR) Stock Analysis
Recovery setup
Technology · Solar
Sell if holding. At $206.39, A.R:R 0.4:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 4.8%; Concentration risk — Supplier: single-sourced CdTe, tellurium, and substrate glass.
First Solar is the largest thin film (CdTe) solar module manufacturer in the Western Hemisphere with over 93 GW sold worldwide and manufacturing in the U.S., Malaysia, Vietnam, and India. Revenue is primarily from module sales to solar project developers, utilities, and... Read more
Sell if holding. At $206.39, A.R:R 0.4:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 4.8%; Concentration risk — Supplier: single-sourced CdTe, tellurium, and substrate glass. Chart setup: Death cross but MACD improving, RSI 58. Score 6.0/10, moderate confidence.
Passes 5/6 gates (positive momentum, clean insider activity, no SEC red flags, earnings proximity no date, semi cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHSuppliersingle-sourced CdTe, tellurium, and substrate glass10-K Item 1A: 'key raw materials and components, in particular CdTe, tellurium, products containing tellurium, and substrate glass...are either single-sourced or sourced from a limited number of suppliers'
Material Events(8-K, last 90d)
- 2026-02-19Item 1.02MEDIUMOn February 13, 2026, First Solar terminated its prior credit arrangement upon entering a new $1.5B unsecured revolving credit facility with JPMorgan Chase as administrative agent, maturing in 5 years.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer
Rating Breakdown
1 floor-breaker
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. At $206.39, A.R:R 0.4:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 4.8%; Concentration risk — Supplier: single-sourced CdTe, tellurium, and substrate glass. Chart setup: Death cross but MACD improving, RSI 58. Prior stop was $195.65. Score 6.0/10, moderate confidence.
Take-profit target: $220.56 (+4.8% upside). Prior stop was $195.65. Stop-loss: $195.65.
Concentration risk — Supplier: single-sourced CdTe, tellurium, and substrate glass; Thin upside margin: 4.8%; Leverage penalty (D/E 6.9): -1.5.
First Solar, Inc. trades at a P/E of 13.0 (forward 8.3). TrendMatrix value score: 7.9/10. Verdict: Sell.
49 analysts cover FSLR with a consensus score of 3.7/5. Average price target: $245.
What does First Solar, Inc. do?First Solar is the largest thin film (CdTe) solar module manufacturer in the Western Hemisphere with over 93 GW sold...
First Solar is the largest thin film (CdTe) solar module manufacturer in the Western Hemisphere with over 93 GW sold worldwide and manufacturing in the U.S., Malaysia, Vietnam, and India. Revenue is primarily from module sales to solar project developers, utilities, and independent power producers; the company benefits from U.S. IRA Section 45X manufacturing credits.