First Solar (FSLR) Enterprise Value (2009 - 2026)
First Solar (FSLR) posted Enterprise Value of $17.2 billion for Q3 2026, down 20.5% from $21.62 billion a year earlier and down 27.2% from the prior quarter.
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Analysis
First Solar (FSLR) Enterprise Value (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Enterprise Value at First Solar was $10.19 billion, down 42.7% year-over-year; for FY2025, it was $25.18 billion, up 47.4% from FY2024.
- Annual Enterprise Value has increased for four consecutive years, with a five-year compound annual growth rate of 23.6% (FY2020 to FY2025).
- In prior years, First Solar's Enterprise Value was $17.08 billion in FY2024 (+4.7%), $16.31 billion in FY2023 (+21.8%), $13.39 billion in FY2022 (+79.9%) and $7.44 billion in FY2021 (-14.8%).
- The Q3 2026 figure stands as the lowest quarterly Enterprise Value since Q2 2025.
- On a year-over-year basis, Enterprise Value increased in four of the last eight quarters, with growth averaging 7.5%.
- The strongest year-over-year quarter for Enterprise Value in the past five years was Q2 2023, with growth of 158.8%; the weakest was Q2 2025, with a decline of 25.9%.
- According to Business Quant data, Enterprise Value for the three prior quarters was $23.63 billion (Q2 2026), $18.77 billion (Q1 2026) and $25.18 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | GE Vernova | 220.58 Bn | 171.68 Bn | 3.11 Bn |
| 2 | Bloom Energy | 56.91 Bn | 46.81 Bn | 417.10 Mn |
| 3 | First Solar | 20.56 Bn | 11.92 Bn | 713.06 Mn |
| 4 | Nextpower | 15.90 Bn | 11.61 Bn | 345.32 Mn |
| 5 | BWX Technologies | 11.75 Bn | 9.57 Bn | 227.14 Mn |
| 6 | Generac Holdings | 11.11 Bn | 9.84 Bn | 516.04 Mn |
| 7 | EnerSys | 5.54 Bn | 3.73 Bn | 313.36 Mn |
| 8 | Mirion Technologies | 4.72 Bn | 3.08 Bn | 131.50 Mn |
| 9 | Enphase Energy | 3.84 Bn | -474.64 Mn | 127.12 Mn |
| 10 | QuantumScape | 2.84 Bn | -715.25 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 17.20 Bn |
| Jun 30, 2026 | 23.63 Bn |
| Mar 31, 2026 | 18.77 Bn |
| Dec 31, 2025 | 25.18 Bn |
| Sep 30, 2025 | 21.62 Bn |
| Jun 30, 2025 | 16.60 Bn |
| Mar 31, 2025 | 12.67 Bn |
| Dec 31, 2024 | 17.08 Bn |
| Sep 30, 2024 | 25.43 Bn |
| Jun 30, 2024 | 22.39 Bn |
| Mar 31, 2024 | 16.08 Bn |
| Dec 31, 2023 | 16.31 Bn |
| Sep 30, 2023 | 15.44 Bn |
| Jun 30, 2023 | 18.42 Bn |
| Mar 31, 2023 | 20.96 Bn |
| Dec 31, 2022 | 13.39 Bn |
| Sep 30, 2022 | 12.17 Bn |
| Jun 30, 2022 | 7.12 Bn |
| Mar 31, 2022 | 8.70 Bn |
| Dec 31, 2021 | 7.44 Bn |
API Access
First Solar Enterprise Value API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=enterprise-value&ticker=FSLR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "ticker": "FSLR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=enterprise-value&ticker=FSLR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();