First Solar, Inc. (FSLR) Stock Analysis
Recovery setup
Technology · Solar
Wait for pullback to $189.38. At $196.81 the A.R:R is 1.4:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $189.38 (Support Atr Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Concentration risk — Supplier: single-sourced CdTe, tellurium, and substrate glass; Leverage penalty (D/E 6.9): -1.5.
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
Wait for pullback to $189.38. At $196.81 the A.R:R is 1.4:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $189.38 (Support Atr Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Concentration risk — Supplier: single-sourced CdTe, tellurium, and substrate glass; Leverage penalty (D/E 6.9): -1.5. Chart setup: Death cross but MACD improving, RSI 43. Earnings in 0 days. Wait until post-earnings. Score 5.8/10, moderate confidence.
Passes 3/6 gates (clean insider activity, no SEC red flags, semi cycle peak clear). Fails on weak momentum and favorable risk/reward ratio and earnings proximity 0d<=7d. 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
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Wait for pullback to $189.38. At $196.81 the A.R:R is 1.4:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $189.38 (Support Atr Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Concentration risk — Supplier: single-sourced CdTe, tellurium, and substrate glass; Leverage penalty (D/E 6.9): -1.5. Chart setup: Death cross but MACD improving, RSI 43. Earnings in 0 days. Wait until post-earnings. Target $220.56 (+12.1%), stop $172.73 (−13.9%), Setup A.R:R 3.2:1. Score 5.8/10, moderate confidence.
Take-profit target: $220.56 (+16.5% upside). Target $220.56 (+12.1%), stop $172.73 (−13.9%), Setup A.R:R 3.2:1. Stop-loss: $172.73.
Concentration risk — Supplier: single-sourced CdTe, tellurium, and substrate glass; Leverage penalty (D/E 6.9): -1.5; Value-trap signals (2/5): Margin compression (op margin -8.7%), Material insider selling (56 sells, 0.98% of cap).
First Solar, Inc. trades at a P/E of 13.4 (forward 7.9). TrendMatrix value score: 8.1/10. Verdict: Buy (Wait for Entry).
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.