Growth Metrics

First Solar (FSLR) Enterprise Value (2009 - 2026)

First Solar posted quarterly Enterprise Value of -$2.4 billion for Q1 2026, down 172.41% year-on-year from $3.4 billion in Q1 2025, and up 15.02% on a QoQ basis from -$2.9 billion in Q4 2025.

First Solar (FSLR) has 18 years of Enterprise Value data on file, last reported at -$2.4 billion in Q1 2026.

  • For the quarter ending Q1 2026, Enterprise Value fell 172.41% year-over-year to -$2.4 billion; the trailing twelve-month figure through Mar 2026 stood at -$2.4 billion (down 172.41% YoY), and the FY2025 full-year result was -$2.9 billion, down 59.25% from the prior year.
  • Enterprise Value for Q1 2026 stood at -$2.4 billion, up from -$2.9 billion in the prior quarter.
  • Across five years, Enterprise Value topped out at -$9.7 million in Q2 2022 and bottomed at -$2.9 billion in Q4 2025.
  • The 5-year median for Enterprise Value is -$1.8 billion (2024), against an average of -$1.5 billion.
  • The widest annual swing landed in 2022, when Enterprise Value jumped 98.25%; it then plunged 19392.57% in 2023.
  • A 5-year view of Enterprise Value shows it stood at -$2.6 billion in 2022, then grew by 18.44% to -$2.1 billion in 2023, then climbed by 14.72% to -$1.8 billion in 2024, then sank by 59.25% to -$2.9 billion in 2025, then climbed by 15.02% to -$2.4 billion in 2026.
  • The last three Enterprise Value figures came in at -$2.4 billion (Q1 2026), -$2.9 billion (Q4 2025), and -$2.0 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Enterprise Value (Qtr)
1 First Solar 26.65 Bn 24.22 Bn 486.13 Mn -2.43 Bn
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn -1.09 Bn
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn 578.39 Mn
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn -930.64 Mn
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn -553.37 Mn
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn 476.02 Mn
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn -1.88 Mn
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn -200.70 Mn
9 JinkoSolar Holding 677.44 Mn 2.29 Bn 147.66 Mn 1.61 Bn
10 Tigo Energy 288.14 Mn 276.56 Mn 10.79 Mn -11.57 Mn

Historic Data

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DateValue
Mar 31, 2026 -2.43 Bn
Dec 31, 2025 -2.86 Bn
Sep 30, 2025 -2.04 Bn
Jun 30, 2025 -1.15 Bn
Mar 31, 2025 -890.76 Mn
Dec 31, 2024 -1.79 Bn
Sep 30, 2024 -1.27 Bn
Jun 30, 2024 -1.74 Bn
Mar 31, 2024 -1.99 Bn
Dec 31, 2023 -2.10 Bn
Sep 30, 2023 -1.82 Bn
Jun 30, 2023 -1.88 Bn
Mar 31, 2023 -12.26 Mn
Dec 31, 2022 -2.58 Bn
Sep 30, 2022 -1.16 Bn
Jun 30, 2022 -9.67 Mn
Mar 31, 2022 -17.21 Mn
Dec 31, 2021 -1.83 Bn
Sep 30, 2021 -1.37 Bn
Jun 30, 2021 -6.57 Mn
Mar 31, 2021 -980.60 Mn
Dec 31, 2020 -1.75 Bn
Sep 30, 2020 -2.84 Mn
Jun 30, 2020 -1.05 Bn
Mar 31, 2020 -50.76 Mn
Dec 31, 2019 -2.16 Bn
Sep 30, 2019 -34.70 Mn
Jun 30, 2019 -17.96 Mn
Mar 31, 2019 -1.01 Bn
Dec 31, 2018 -2.55 Bn
Sep 30, 2018 -2.73 Bn
Jun 30, 2018 -3.13 Bn
Mar 31, 2018 -2.88 Bn
Dec 31, 2017 -2.99 Bn
Sep 30, 2017 -2.72 Bn
Jun 30, 2017 -2.27 Bn
Mar 31, 2017 -2.45 Bn
Dec 31, 2016 -2.02 Bn
Sep 30, 2016 -1.87 Bn
Jun 30, 2016 -1.26 Bn
Mar 31, 2016 -1.88 Bn
Dec 31, 2015 -1.91 Bn
Sep 30, 2015 -1.81 Bn
Jun 30, 2015 -1.78 Bn
Mar 31, 2015 -1.48 Bn
Dec 31, 2014 -2.12 Bn
Sep 30, 2014 -1.12 Bn
Jun 30, 2014 -1.35 Bn
Mar 31, 2014 -1.38 Bn
Dec 31, 2013 -1.76 Bn
Sep 30, 2013 -1.53 Bn
Jun 30, 2013 -1.29 Bn
Mar 31, 2013 -1.01 Bn
Dec 31, 2012 -1.00 Bn
Sep 30, 2012 -716.99 Mn
Jun 30, 2012 -743.69 Mn
Mar 31, 2012 -663.59 Mn
Dec 31, 2011 -671.77 Mn
Sep 30, 2011 -762.91 Mn
Jun 30, 2011 -464.44 Mn
Mar 31, 2011 -555.51 Mn
Dec 31, 2010 -933.58 Mn
Sep 25, 2010 -833.42 Mn
Jun 26, 2010 -796.48 Mn
Mar 27, 2010 -714.17 Mn
Dec 26, 2009 -784.74 Mn
Sep 26, 2009 -523.66 Mn
Jun 27, 2009 -478.13 Mn
Mar 28, 2009 -624.93 Mn