← BackFIRST SOLAR, INC. · SemiconductorsFSLR
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The short versionA high-quality, profitable business with steady sales. Institutions are adding.
Going well
- Profitable, keeps 29% of sales as profit
- Sales up 24% last year
- Brings in more cash than it spends
Money moves
- Insiders sold $139K in the last 30 days, all through pre-planned sales
- Institutions added 6.1% to their holdings in the quarter ending June 2026 (484 bought, 462 sold)
- Held by George Soros (Soros Fund)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$168.16-2.3% that day
- Company value
- $18.1B
- Share price times all shares
- Price vs profit (P/E)
- 10.4x
- You pay about $10 for each $1 of yearly profit
- Price vs sales
- 3.4x
- Company value is 3.4 times a year of sales
- Cash vs value
- 9%
- Cash as a share of company value
- Debt vs value
- 2%
- Debt as a share of company value
From FSLR's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26$1.1B-3.7% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $5.4B, up 24% from the 12 months before. Over 5 years, sales grew about 14% a year.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.- PassReturn on equity 15%+Earns a lot on the money owners have in the business.17.4%
- PassDebt under half of equityNot relying on borrowed money.0.03x equity
- PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.29.3%
- MissProfitable every yearSteady profits, not one good year.6 of 10 years
- PassFree cash flow positiveBrings in more cash than it spends to run and grow.$1.2B
- PassShare count not growingNot diluting owners. Falling means buybacks.+0.9% in 3 years
- PassGross margin 40%+Pricing power: sells for well above what it costs to make.40.6%
- Revenue
- $5.2B
- +24.1% vs prior year
- 5-year growth
- +14.0%/yr
- revenue, per year
- Total debt
- $282.6M
- 0.03x equity
- Current ratio
- 2.67x
- short-term assets / bills due
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026- Revenue
- $1.1B
- -3.7% YoY
- EPS
- $3.92
- vs $3.18
- Op. margin
- 42.6%
- +9.6 pts
- Gross margin
- 57.3%
- +11.7 pts
- Free cash flow
- -$306.2M
- Share count
- +0.2%
- vs a year ago
Insider rating
Last 90 days
47Mixed
- Pre-planned sales of $139K (weaker signal)
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
0/ 100
- This week
- 0
- Normal week
- 2.5
- vs normal
- 0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+6.1%Institutions added 6.1% to their holdings. 484 bought, 462 sold.
Shares held by institutions100.3M
Sep '24Jun '26
Share count growthYearly rate, last 3 years
+0.2%Cash runwayAt last year's cash burn
Cash flow positiveDebt to equityLatest balance sheet: debt compared with what owners have
No debt reportedShares outstandingLatest reported
107MNext reportIn 1 days (est.)Estimated from the same quarter last year
- Results filedJul 30
- Results filedApr 30
- Results filedFeb 24
- Results filedOct 30, 2025
- Results filedJul 31, 2025
Insider trades
Open-market buys and sells, last 90 days Bought$00 insiders
Sold$139K1 insider, 1 pre-planned
| Insider | Trade | Shares | Avg price | Value | Owns after | Date |
|---|
Markus GloecklerChief Technology Officer | Sell | 800 | $174.00 | $139K | 5K | |
- -13.7% of their holdings
- Pre-planned sale (10b5-1)
- Filed 1 day after
|
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.