FSLR · a US exchange · USD · Market cap $23.0B · 7,900 employees
First Solar, Inc., a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.
Screened 2026-08-21 · the tape above runs as of 16:37 UTC · 29 Aug · two dates, stated on purpose · verdict and workings shown in full · never trimmed
The Label · The Season, Not the Day
This name holds its markup label.
First Solar holds its Markup at $214.28. The statistical read favours the sellers, held for 62 days.
As held on the ledger · 2026-08-21
Phase
Markup
Quantitative state
The statistical read favours the sellers, held for 62 days
Price at the screen
$214.28
Valuation
13.20 trailing · 9.28 forward price to earnings
Values screen
PASS· score 86.4
Beta
1.75
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
4.92%
Below 33%
Interest-bearing debt is just 4.9% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
0.39%
Below 33%
Cash held in interest-bearing accounts and securities is 0.4% of assets, under the one-third limit.
Pass
Receivables
30.76%
Below 49%
Money owed to the company is 30.8% of assets, under the 49% limit.
Pass
Revenue purity
1.57%
Below 5%
Only 1.6% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
What the Numbers Say It Is Worth
The Fair Value Range
Our framework reads OPPORTUNITY: it trades at roughly a 58% discount to our $338.75 fair value, moderate competitive moat.
Fair value range in USD, drawn from the 2026-08-21 screen. The gold marker is the market price at the same screen. A 58.1% margin of safety to the base estimate.
Third-party analyst targets: 30 covering, consensus Buy. The average target sits +26% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-08-21 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Sunlight Turned Into Grid Power at Scale
Picture a desert field where thin film panels quietly turn dawn light into electricity that utilities actually pay for. First Solar stands out because revenue is rising 24 percent, profit margins sit at 31 percent and the shares trade on a forward multiple of just 9 times earnings despite an 18 percent return on equity and a moderate moat. Our fair value sits 50 percent above the current price, giving the business real room even after analyst targets of 254 dollars.
The company keeps passing the ethical screen because its technology avoids the heavy metals and supply chain issues that trip up many rivals in the sector. Growth remains visible across the United States and key export markets while cash generation supports further expansion without stretching the balance sheet.
Risks are real. Policy support can shift with elections, larger crystalline silicon makers continue to cut costs and any slowdown in utility demand would hit volumes quickly. The solar cycle is unforgiving when subsidies fade or interest rates stay high. Analysis, not advice.
The risks · The things to watch: it already moves more than the market on an average day; it carries a real debt load, which raises the stakes if revenue slips.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
FSLR trades on a US exchange. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-07-30Markdown · changed$205.83-26.2%Entry 4
The framework has shifted from accumulation to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 26.2% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B. Technically it is momentum reading overbought. Over the past year the shares are up 52%. Our forward projection puts the odds of a 10% gain over the next month near 27%. The street (27 analysts) rates it buy, with a mean price target of $247.
2026-07-18Accumulation$279.01+0.0%Entry 3
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B. Technically it is momentum reading overbought. Over the past year the shares are up 52%. Our forward projection puts the odds of a 10% gain over the next month near 27%. The street (27 analysts) rates it buy, with a mean price target of $247.
2026-07-03Accumulation$279.01+0.0%Entry 2
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows modest positive risk-adjusted returns.
2026-07-02Accumulation$279.01Entry 1
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows modest positive risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
