First Solar (FSLR) Enterprise Value (2009 - 2026)
First Solar (FSLR) reported Enterprise Value of -$2.4 billion for Q1 2026, down 172.41% on a YoY basis from $3.4 billion in Q1 2025, and up 15.02% quarter-over-quarter from -$2.9 billion in Q4 2025.
First Solar (FSLR) Enterprise Value (2009 - 2026) Analysis & Trends
First Solar has reported Enterprise Value for 18 years, with the latest figure 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.
- The five-year high for Enterprise Value was -$9.7 million in Q2 2022, with the low at -$2.9 billion in Q4 2025.
- Historically, Enterprise Value has averaged -$1.5 billion across 5 years, with a median of -$1.8 billion in 2024.
- Annual changes were most pronounced in 2022 — Enterprise Value jumped 98.25% — and 2023, when it slumped 19392.57%.
- First Solar's Enterprise Value stood at -$2.6 billion in 2022, then climbed by 18.44% to -$2.1 billion in 2023, then advanced by 14.72% to -$1.8 billion in 2024, then slumped by 59.25% to -$2.9 billion in 2025, then advanced 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 | 28.68 Bn | 26.25 Bn | 486.13 Mn | -2.43 Bn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | -1.09 Bn |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | -930.64 Mn |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | -553.37 Mn |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | 476.02 Mn |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | -1.88 Mn |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | -200.70 Mn |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | 1.61 Bn |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | -11.57 Mn |
| 10 | Skycorp Solar | 110.38 Mn | 103.60 Mn | - | -6.78 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 |