First Solar makes thin-film solar panels from cadmium telluride, selling them to utilities and developers worldwide. Think of it as a solar panel factory, not a rooftop installer.
Money comes from selling solar modules, with gross margins around 44% and net margins near 32% (TTM). Recurring revenue from long-term supply contracts, though not subscription-based.
Its proprietary cadmium telluride technology and manufacturing scale are hard to copy, but Chinese rivals like LONGi and JinkoSolar are flooding the market with cheaper silicon panels, eroding its cost advantage.
Five-factor rating
Sell (sector percentile 11) — value B-, growth C-, profitability B, momentum D-, revisions C-. Updated daily, sector-relative, identical for every user.
$FSLR — what investors on X are saying · SpikePanel
$FSLRFirst Solar, Inc. · Solar · $23.0B
Street Buy · PT $265.38 (+0.2%)
$214.28
+0.1%
Event thread
Key events, in time order
17 items
RegulationBear🔥Developing
First Solar Securities Class Action Continues, DJS Law Group Reminds Investors
Law firm re-issues reminder; claims under Exchange Act §§10(b) and 20(a)
D1 -3.0% · +5d -7.1%
›28 waves of this story
2026-07-13 At least four independent firms remind investors of securities law violations; deadline Aug 24, 2026.
2026-07-14 New reminders from multiple firms with deadline and specific allegations of tariff impact misrepresentations
2026-07-14 At least 6 law firms issued notices today; suit alleges tariff misrepresentations and underutilization; lead plaintiff deadline Aug 24
2026-07-16 Multiple law firms issued shareholder notices alleging tariff and production misrepresentations costing over $60 per share, with an Aug 24 deadline.
2026-07-16 Multiple law firms issue reminders for class action, deadline Aug 24, 2026, for investor losses.
2026-07-18 New reminders from Bronstein, Faruqi, Gross, Kaplan Fox; deadline Aug 24
2026-07-18 Faruqi & Faruqi and Rosen Law Firm issued separate reminders on July 17-18, with deadline Aug 24, 2026, covering purchasers between Feb 26, 2025 and Feb 24, 2026.
2026-07-20 Firms remind of Aug 24 deadline, alleging misrepresentations about Series 6 module underutilization and South Carolina onshoring challenges.
2026-07-21 Multiple law firms remind investors of class actions, alleging inadequate disclosure of tariff risks and utilization issues
2026-07-22 Firms remind Aug 24 deadline; losses over $60/share, class period Feb 2025-Feb 2026
2026-07-23 New announcements from Bronstein, SueWallSt, Pomerantz allege misleading trade environment statements.
2026-07-24 Multiple law firms issued reminders today; deadline is August 24, 2026, class period from Feb 26, 2025 to Feb 24, 2026.
2026-07-26 Faruqi & Faruqi and Rosen separately remind investors of Aug 24, 2026 deadline
2026-07-28 New emphasis on August 24, 2026 lead plaintiff deadline for investors who purchased securities between Feb 26, 2025 and Feb 24, 2026.
2026-07-28 Multiple firms remind of Aug 24 deadline for losses on securities bought Feb 26, 2025-Feb 24, 2026.
2026-07-30 Rosen, Kaplan Fox, Levi & Korsinsky issued reminders on Jul 29-30; deadline Aug 24; alleged tariff impact misrepresentations caused losses over $60/share.
2026-07-30 Law firm urges action; Amundi cut stake 7.5% in Q1
2026-08-01 Multiple law firms issue reminders for class action deadline on Aug 24, 2026, covering purchases between Feb 26, 2025 and Feb 2, 2026.
2026-08-01 Faruqi & Faruqi and Rosen Law Firm issued reminders on Aug 1 and Jul 31 respectively; deadline is Aug 24, 2026.
2026-08-03 New reminders from Bronstein, DJS, Rosen, and SBS law firms; class period Feb 26, 2025 to Feb 24, 2026
2026-08-03 August 24 lead plaintiff deadline; multiple firms issue reminders; alleged class period spans Feb 2025-Feb 2026
2026-08-04 New reminders from multiple firms about lead plaintiff deadline; claims focus on Series 6 underutilization and costly onshoring.
2026-08-06 New law firms remind investors of deadlines, alleging undisclosed international underutilization
2026-08-06 Multiple firms remind investors of deadlines, alleging securities violations with losses over $60 per share
2026-08-06 Pomerantz LLP announces class action against FSLR and officers, extending prior litigation wave.
2026-08-10 Multiple firms issue deadline reminders; allegations focus on misleading statements about trade environment
First Solar Q2 Revenue Down 4% YoY, Gross Margin 57% Beat
Q2 net sales ~$1.06B, down 4% YoY; gross margin ~57%, up 12pp; earnings beat but revenue declined, FY outlook maintained.
D1 +2.4% · +5d +18.5%
8-K filing
8-K: Item 2.02, Item 9.01
D1 +3.4% · +5d +18.5%
Earnings
Earnings report
D1 +3.4% · +5d +18.5%
CapitalBull
Multiple Institutions Boost First Solar Stakes in Q1
Castleark Management raised its stake by 2,480 shares to 5,380 total, an 85.5% increase in Q1 per 13F filing.
D1 -3.2% · +5d +0.3%
›4 waves of this story
2026-07-20 BNY Mellon and Fifth Third disclose increased holdings, reflecting institutional position changes
2026-07-22 Andra AP fonden increases stake by 226.3%, continuing Q1 institutional accumulation trend
2026-07-23 Sweden's Andra AP fonden raised stake by 226.3%; CalPERS cut by 26.3%, both Q1 filings
2026-07-28 Castleark Management raised its stake by 2,480 shares to 5,380 total, an 85.5% increase in Q1 per 13F filing.
CapitalBear
CalPERS Cuts First Solar Stake by 26.3%
Institutional selling signal, compounded with class actions, impacts sentiment.
D1 -1.4% · +5d +0.0%
CompanyBull
Google to Buy First Solar Panels for 1.6GW Arkansas Project
Google to take 100% of initial output from Arkansas Steel River project; FSLR to supply 100% domestically-sourced panels; 2029 COD
D1 -0.2% · +5d -6.6%
AnalystBear
Truist Securities downgrades to Hold
D1 -0.2% · +5d -6.6%
AnalystBull
Deutsche Bank upgrades to Buy
D1 -2.3% · +5d -3.1%
AnalystBull
GLJ Research upgrades to Buy
D1 +10.9% · +5d +3.8%
AnalystBull
Freedom Broker upgrades to Buy
D1 +3.8% · +5d +4.0%
Earnings
Earnings report
D1 +5.9% · +5d +6.3%
8-K filing
8-K: Item 2.02, Item 9.01
D1 +5.9% · +5d +6.3%
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Facts and opinions separated · All items sourced · Not investment advice
Event thread
Key events, in time order
17 items
RegulationBear🔥Developing
First Solar Securities Class Action Continues, DJS Law Group Reminds Investors
Law firm re-issues reminder; claims under Exchange Act §§10(b) and 20(a)
D1 -3.0% · +5d -7.1%
›28 waves of this story
2026-07-13 At least four independent firms remind investors of securities law violations; deadline Aug 24, 2026.
2026-07-14 New reminders from multiple firms with deadline and specific allegations of tariff impact misrepresentations
2026-07-14 At least 6 law firms issued notices today; suit alleges tariff misrepresentations and underutilization; lead plaintiff deadline Aug 24
2026-07-16 Multiple law firms issued shareholder notices alleging tariff and production misrepresentations costing over $60 per share, with an Aug 24 deadline.
2026-07-16 Multiple law firms issue reminders for class action, deadline Aug 24, 2026, for investor losses.
2026-07-18 New reminders from Bronstein, Faruqi, Gross, Kaplan Fox; deadline Aug 24
2026-07-18 Faruqi & Faruqi and Rosen Law Firm issued separate reminders on July 17-18, with deadline Aug 24, 2026, covering purchasers between Feb 26, 2025 and Feb 24, 2026.
2026-07-20 Firms remind of Aug 24 deadline, alleging misrepresentations about Series 6 module underutilization and South Carolina onshoring challenges.
2026-07-21 Multiple law firms remind investors of class actions, alleging inadequate disclosure of tariff risks and utilization issues
2026-07-22 Firms remind Aug 24 deadline; losses over $60/share, class period Feb 2025-Feb 2026
2026-07-23 New announcements from Bronstein, SueWallSt, Pomerantz allege misleading trade environment statements.
2026-07-24 Multiple law firms issued reminders today; deadline is August 24, 2026, class period from Feb 26, 2025 to Feb 24, 2026.
2026-07-26 Faruqi & Faruqi and Rosen separately remind investors of Aug 24, 2026 deadline
2026-07-28 New emphasis on August 24, 2026 lead plaintiff deadline for investors who purchased securities between Feb 26, 2025 and Feb 24, 2026.
2026-07-28 Multiple firms remind of Aug 24 deadline for losses on securities bought Feb 26, 2025-Feb 24, 2026.
2026-07-30 Rosen, Kaplan Fox, Levi & Korsinsky issued reminders on Jul 29-30; deadline Aug 24; alleged tariff impact misrepresentations caused losses over $60/share.
2026-07-30 Law firm urges action; Amundi cut stake 7.5% in Q1
2026-08-01 Multiple law firms issue reminders for class action deadline on Aug 24, 2026, covering purchases between Feb 26, 2025 and Feb 2, 2026.
2026-08-01 Faruqi & Faruqi and Rosen Law Firm issued reminders on Aug 1 and Jul 31 respectively; deadline is Aug 24, 2026.
2026-08-03 New reminders from Bronstein, DJS, Rosen, and SBS law firms; class period Feb 26, 2025 to Feb 24, 2026
2026-08-03 August 24 lead plaintiff deadline; multiple firms issue reminders; alleged class period spans Feb 2025-Feb 2026
2026-08-04 New reminders from multiple firms about lead plaintiff deadline; claims focus on Series 6 underutilization and costly onshoring.
2026-08-06 New law firms remind investors of deadlines, alleging undisclosed international underutilization
2026-08-06 Multiple firms remind investors of deadlines, alleging securities violations with losses over $60 per share
2026-08-06 Pomerantz LLP announces class action against FSLR and officers, extending prior litigation wave.
2026-08-10 Multiple firms issue deadline reminders; allegations focus on misleading statements about trade environment
