First Solar (FSLR) Price to Earnings (2009 - 2026)
First Solar's Price to Earnings came in at 14.52 for Q2 2026, up 2.9% from 14.12 a year earlier and up 14.1% 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 five-year range for quarterly Price to Earnings is 10.72 (Q1 2025) to 557.85 (Q1 2023).
- Year-over-year, Price to Earnings has increased for three consecutive quarters, with an average decline of 14.7% over the last eight quarters.
- 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 12.73 (Q1 2026), 18.34 (Q4 2025) and 16.90 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | GE Vernova | 263.36 Bn | 224.44 Bn | 2.36 Bn |
| 2 | Bloom Energy | 84.85 Bn | 76.67 Bn | 355.57 Mn |
| 3 | First Solar | 18.77 Bn | 9.72 Bn | 605.00 Mn |
| 4 | Generac Holdings | 12.79 Bn | 11.62 Bn | 521.81 Mn |
| 5 | Nextpower | 12.78 Bn | 8.68 Bn | 335.85 Mn |
| 6 | BWX Technologies | 12.36 Bn | 10.66 Bn | 202.31 Mn |
| 7 | EnerSys | 7.13 Bn | 5.32 Bn | 313.36 Mn |
| 8 | Enphase Energy | 4.42 Bn | -436.70 Mn | 175.01 Mn |
| 9 | Mirion Technologies | 3.57 Bn | 1.46 Bn | 133.10 Mn |
| 10 | Nuscale Power | 3.18 Bn | 3.13 Bn | -152,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 17.10 |
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();