First Solar, Inc.
In the published model solve dated 2026-Q2, anchored at $204.70, First Solar, Inc. (FSLR) is priced for +3.5% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 26, 2026 from SEC EDGAR filings.
• First Solar sells almost nothing into the spot market: as of March 31, 2026 it ⟦"had entered into contracts with customers for the future sale of 47.9 GW of solar modules"⟧, worth 14.4 billion dollars of revenue it expects to book through 2030. • Two buyers each took a tenth or more of module sales in 2025 and the industry added roughly 105 GW of new manufacturing capacity that year, most of it in China, so both the order book and the selling environment are more concentrated and more crowded
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938 institutional managers reported holding FSLR in 13F filings for the quarter ended 2026-03-31. Together they hold about 87% of the company; the top 10 hold 46%. 112 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 8.5M shares were sold short as of the 2026-06-15 count, about 8% of shares outstanding (3.2 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
FSLR's share count grew 1% over the past five years. It pays no dividend.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at FSLR over the trailing three years. Absence is a fact about the company, not a signal. 21 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
FSLR's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-28 | +5.6% | -22.5% |
| 2023-11-01 | +4.8% | +17.2% |
| 2024-02-28 | +3.2% | +19.0% |
| 2024-05-02 | +2.4% | +28.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
FSLR's latest 8-K filings: 2026-07-30 (items 2.02, 9.01); 2026-05-15 (items 5.07); 2026-04-30 (items 2.02, 9.01); 2026-02-24 (items 2.02, 9.01); 2026-02-19 (items 1.01, 1.02, 2.03, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 26, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.