Added to YB: 2026-10-06
Pitch date: 2026-10-01
FSLR [bullish]
First Solar, Inc.
+2.19%
current return
Author Info
No bio for this author
Company Info
First Solar, Inc., a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.
Market Cap
$19.3B
Pitch Price
$174.97
Price Target
249.60 (+40%)
Dividend
N/A
EV/EBITDA
7.37
P/E
11.08
EV/Sales
3.31
Sector
Semiconductors and Semiconductor Equipment
Category
value
FirstSolar ($FSLR): A Clean Play on Clean Energy
FSLR: First Solar’s cadmium-telluride modules, domestic manufacturing and utility-only focus insulate it from polysilicon tariffs and residential weakness, while a 45.1 GW backlog extends through 2028. At 5.6x forward EV/EBITDA, the base-case target is $264, implying 51.7% upside. The main risks are 45X credits beginning to phase out after 2029, slow project starts and ASP sensitivity; Section 232 pricing benefits are delayed because existing capacity is substantially committed through 2028.
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