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Manufactures thin-film solar modules that supply renewable power infrastructure for energy-intensive AI data centers.

Snapshot
Country USA USA
ExchangeNasdaq
AI Layer energy
Category 1.40 Renewable Energy Equipment
Sentiment 58.0%
USD Mkt Cap22.46B
USD Revenue5.38B
USD Net Income1.75B
P/E12.89
fwd P/E9.02
PEG0.38
Price 3M-23.1%
Price 6M+6.2%
Price 1Y+3.2%
Price 2Y-9.0%
USD Share Price208.22
Price History
Price & Size
Price 209.03 USD
Market Cap 22.46B USD
Shares Outstanding 107.47M
Shares Float 101.66M
52w Low 182.99 USD
52w High 320.95 USD
Avg Volume 2.14M
Valuation
P/E (trailing) 12.9x
P/E (forward) 9.0x
P/B 2.18x
Enterprise Value 20.93B USD
Book Value / Share 96.03 USD
PEG Ratio 0.38x
P/S 4.18x
EV / Revenue 3.89x
EV / EBITDA 8.77x
Income
Revenue 5.38B USD
Revenue / Share 50.10 USD
EBITDA 2.39B USD
Net Income 1.75B USD
EPS (trailing) 16.22 USD
EPS (forward) 23.17 USD
Margins & Profitability
Gross Margin 44.0%
Operating Margin 42.6%
Profit Margin 32.5%
EBITDA Margin 44.4%
Return on Equity 18.5%
Return on Assets 8.6%
Growth
Revenue Growth -3.7%
Earnings Growth 23.3%
Cash & Debt
Total Cash 1.73B USD
Total Debt 194.01M USD
Free Cash Flow 1.60B USD
Operating Cash Flow 2.16B USD
Debt / Equity 0.02x
Current Ratio 2.52x
Quick Ratio 1.70x
Dividend
Payout Ratio 0.0%
Risk
Beta 1.73
Analyst Consensus
Target (Mean) 274.81 USD
Target (Median) 270.00 USD
Target (High) 402.00 USD
Target (Low) 150.00 USD
Recommendation buy
# Analysts 31
Identifiers
ISINUS3364331070
CUSIP336433107
FIGIBBG000B9X8C0
SEDOLB1H5YQ2
Sentiment 58.0%
Positive drivers

Rising demand for utility-scale solar from AI data center operators seeking carbon-free power solutions has driven new contract announcements. Domestic manufacturing expansions supported by policy incentives have improved supply chain resilience and order visibility. Recent quarterly results showed margin expansion from higher module ASPs and volume growth.

Neutral / mixed

Broader market volatility in clean energy equities has kept trading ranges wide without clear directional bias. Mixed signals from global supply chain normalization and ongoing project permitting timelines. Valuation multiples remain in line with historical sector averages amid steady but not accelerating installations.

Negative drivers

Intense price competition from Chinese thin-film and crystalline producers continues to pressure realized pricing. Potential tariff escalations and trade policy uncertainty introduce downside risks to export channels. Rising interest rates have elevated project financing costs, slowing some utility procurement decisions.

Bottom line

Sentiment for FSLR is mildly positive, anchored by AI-driven power demand and U.S. manufacturing tailwinds, yet offset by competitive and macroeconomic headwinds.