First Solar (FSLR) Market Capitalization (2009 - 2026)
First Solar's Market Capitalization came in at $18.83 billion for Q3 2026, down 20.4% from $23.66 billion a year earlier and down 25.8% from the prior quarter.
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Analysis
First Solar (FSLR) Market Capitalization (2009 - 2026) Analysis & Trends
For FY2025, First Solar's Market Capitalization was $28.03 billion, up 48.6% from FY2024.
- Market Capitalization has increased in each of the last four years, with a five-year compound annual growth rate of 21.7% (FY2020 to FY2025).
- Going back by year, Market Capitalization was $18.87 billion in FY2024 (+2.5%), $18.41 billion in FY2023 (+15.3%), $15.97 billion in FY2022 (+72.3%) and $9.27 billion in FY2021 (-11.6%).
- The Q3 2026 figure represents the lowest quarterly Market Capitalization since Q2 2025.
- Year-over-year, Market Capitalization increased in four of the last eight quarters, with growth averaging 8.4%.
- The fastest year-over-year change in Market Capitalization over five years came in Q2 2023 (growth of 179.6%), and the weakest in Q2 2025 (a decline of 26.4%).
- Business Quant data shows FSLR's Market Capitalization at $25.36 billion (Q2 2026), $21.2 billion (Q1 2026) and $28.03 billion (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | GE Vernova | 210.90 Bn | 163.15 Bn | 3.11 Bn |
| 2 | Bloom Energy | 54.82 Bn | 44.75 Bn | 417.10 Mn |
| 3 | First Solar | 19.45 Bn | 10.82 Bn | 713.06 Mn |
| 4 | Nextpower | 15.04 Bn | 10.75 Bn | 345.32 Mn |
| 5 | BWX Technologies | 11.61 Bn | 9.39 Bn | 227.14 Mn |
| 6 | Generac Holdings | 10.72 Bn | 9.45 Bn | 516.04 Mn |
| 7 | Innio | 10.33 Bn | 6.57 Bn | 367.70 Mn |
| 8 | EnerSys | 5.50 Bn | 3.69 Bn | 313.36 Mn |
| 9 | Mirion Technologies | 4.67 Bn | 3.08 Bn | 131.50 Mn |
| 10 | X-Energy | 4.46 Bn | 3.10 Bn | -32.06 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 18.83 Bn |
| Jun 30, 2026 | 25.36 Bn |
| Mar 31, 2026 | 21.20 Bn |
| Dec 31, 2025 | 28.03 Bn |
| Sep 30, 2025 | 23.66 Bn |
| Jun 30, 2025 | 17.75 Bn |
| Mar 31, 2025 | 13.56 Bn |
| Dec 31, 2024 | 18.87 Bn |
| Sep 30, 2024 | 26.70 Bn |
| Jun 30, 2024 | 24.13 Bn |
| Mar 31, 2024 | 18.07 Bn |
| Dec 31, 2023 | 18.41 Bn |
| Sep 30, 2023 | 17.26 Bn |
| Jun 30, 2023 | 20.31 Bn |
| Mar 31, 2023 | 23.23 Bn |
| Dec 31, 2022 | 15.97 Bn |
| Sep 30, 2022 | 14.10 Bn |
| Jun 30, 2022 | 7.26 Bn |
| Mar 31, 2022 | 8.93 Bn |
| Dec 31, 2021 | 9.27 Bn |
API Access
First Solar Market Capitalization 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=market-capitalization&ticker=FSLR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "market-capitalization", "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=market-capitalization&ticker=FSLR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();