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
Download Data| Date | Value |
|---|---|
| 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 |