First Solar (FSLR) Price to Earnings (2009 - 2026)
First Solar's Price to Earnings came in at 10.12 for Q3 2026, down 40.1% from 16.90 a year earlier and down 30.4% from the prior quarter.
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Analysis
First Solar (FSLR) Price to Earnings (2009 - 2026) Analysis & Trends
For FY2025, First Solar's Price to Earnings was 18.34, up 25.6% from FY2024.
- Going back by year, Price to Earnings was 14.60 in FY2024 (-34.1%), 22.16 in FY2023 and 19.77 in FY2021 (-24.9%).
- The Q3 2026 figure represents the lowest quarterly Price to Earnings since Q3 2016.
- Year-over-year, Price to Earnings increased in three of the last eight quarters, with an average decline of 14.6%.
- The fastest year-over-year change in Price to Earnings over five years came in Q3 2022 (growth of 564.2%), and the weakest in Q1 2024 (a decline of 96.8%).
- Business Quant data shows FSLR's Price to Earnings at 14.52 (Q2 2026), 12.73 (Q1 2026) and 18.34 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn |
| 10 | Enphase Energy | 3.45 Bn | -863.96 Mn | 127.12 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 10.12 |
| Jun 30, 2026 | 14.52 |
| Mar 31, 2026 | 12.73 |
| Dec 31, 2025 | 18.34 |
| Sep 30, 2025 | 16.90 |
| Jun 30, 2025 | 14.12 |
| Mar 31, 2025 | 10.72 |
| Dec 31, 2024 | 14.60 |
| Sep 30, 2024 | 21.39 |
| Jun 30, 2024 | 20.05 |
| Mar 31, 2024 | 17.63 |
| Dec 31, 2023 | 22.16 |
| Sep 30, 2023 | 36.42 |
| Jun 30, 2023 | 129.82 |
| Mar 31, 2023 | 557.85 |
| Sep 30, 2022 | 148.82 |
| Jun 30, 2022 | 38.40 |
| Mar 31, 2022 | 41.37 |
| Dec 31, 2021 | 19.77 |
| Sep 30, 2021 | 22.40 |
API Access
First Solar Price to Earnings 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=price-to-earnings&ticker=FSLR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-earnings", "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=price-to-earnings&ticker=FSLR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();