First Solar Inc
FSLR
Market Cap$20.93B
Close$
Earnings Call Q2 2025
July 31, 2025 - AI Summary
Strong Financial Performance: First Solar reported Q2 2025 earnings per diluted share of $3.18, exceeding expectations, and generated $1.1 billion in net sales, a $0.3 billion increase from Q1, reflecting a 24% quarter-over-quarter growth primarily driven by increased shipment volumes and stronger demand for domestic modules.
Operational Highlights and Capacity Expansion: The company recorded 3.6 gigawatts of module sales, achieving a manufacturing output of 4.2 gigawatts. With the completion of their Louisiana facility's production commissioning by October, First Solar expects to boost U.S. manufacturing capacity to over 14 gigawatts by 2026.
Bookings and Backlog Update: Despite a strategic approach to new bookings amidst policy uncertainty, First Solar saw a notable increase in customer engagement, registering 2.1 gigawatts of new bookings in July. The total contracted backlog stands at 64 gigawatts valued at $18.5 billion, with pricing adjustments tied to performance milestones.
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$-94.05
146.6% downside
Current Fair Value
146.6% downsideOvervalued by 146.6% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $20.93 Billion |
|---|---|
| Enterprise Value | $21.97 Billion |
| Dividend Yield | $- (-) |
| Earnings per Share | $12.07 |
| Beta | 1.48 |
| Outstanding Shares | 107,122,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 16.63 |
|---|---|
| PEG | -775.78 |
| Price to Sales | 5.05 |
| Price to Book Ratio | 2.56 |
| Enterprise Value to Revenue | 5.06 |
| Enterprise Value to EBIT | 17.5 |
| Enterprise Value to Net Income | 17 |
| Total Debt to Enterprise | 0.1 |
| Debt to Equity | 0.25 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About First Solar Inc
6,400 employees
CEO: Mark Widmar First Solar is a leading global provider of comprehensive photovoltaic (PV) solar solutions, which use its advanced module and system technology. The company's integrated power plant solutions deliver an economically attractive alternati...