First Solar (FSLR) Equity Average (2009 - 2026)
First Solar (FSLR) reported Equity Average of $9.7 billion for Q1 2026, up 20.12% on a YoY basis from $8.1 billion in Q1 2025, and up 4.65% quarter-over-quarter from $9.3 billion in Q4 2025.
First Solar (FSLR) Equity Average (2009 - 2026) Analysis & Trends
First Solar has reported Equity Average for 18 years, with the latest figure at $9.7 billion in Q1 2026.
- For the quarter ending Q1 2026, Equity Average rose 20.12% year-over-year to $9.7 billion; the trailing twelve-month figure through Mar 2026 stood at $9.7 billion (up 20.12% YoY), and the FY2025 full-year result was $8.8 billion, up 19.44% from the prior year.
- Equity Average for Q1 2026 stood at $9.7 billion, up from $9.3 billion in the prior quarter.
- The five-year high for Equity Average was $9.7 billion in Q1 2026, with the low at $5.8 billion in Q4 2022.
- Historically, Equity Average has averaged $7.1 billion across 5 years, with a median of $6.8 billion in 2024.
- Annual changes were most pronounced in 2023 — Equity Average dropped 1.1% — and 2024, when it rose 20.31%.
- First Solar's Equity Average stood at $5.8 billion in 2022, then grew by 11.36% to $6.5 billion in 2023, then increased by 19.87% to $7.8 billion in 2024, then climbed by 19.15% to $9.3 billion in 2025, then increased by 4.65% to $9.7 billion in 2026.
- The last three Equity Average figures came in at $9.7 billion (Q1 2026), $9.3 billion (Q4 2025), and $8.8 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 9.71 Bn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 2.24 Bn |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 1.09 Bn |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | 419.09 Mn |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | 3.81 Bn |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 600.81 Mn |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | -210.36 Mn |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | - |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | 34.23 Mn |
| 10 | Skycorp Solar | 110.38 Mn | 103.60 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 9.71 Bn |
| Dec 31, 2025 | 9.28 Bn |
| Sep 30, 2025 | 8.78 Bn |
| Jun 30, 2025 | 8.37 Bn |
| Mar 31, 2025 | 8.08 Bn |
| Dec 31, 2024 | 7.79 Bn |
| Sep 30, 2024 | 7.42 Bn |
| Jun 30, 2024 | 7.08 Bn |
| Mar 31, 2024 | 6.79 Bn |
| Dec 31, 2023 | 6.49 Bn |
| Sep 30, 2023 | 6.17 Bn |
| Jun 30, 2023 | 5.95 Bn |
| Mar 31, 2023 | 5.85 Bn |
| Dec 31, 2022 | 5.83 Bn |
| Sep 30, 2022 | 5.86 Bn |
| Jun 30, 2022 | 5.89 Bn |
| Mar 31, 2022 | 5.92 Bn |
| Dec 31, 2021 | 5.89 Bn |
| Sep 30, 2021 | 5.81 Bn |
| Jun 30, 2021 | 5.74 Bn |