FSLR:NASDAQFirst Solar, Inc. Analysis

First Solar (FSLR) posted record Q1 revenue of $1.04 bn, up 23.6% YoY, and expanded margins to a 30.7% profit margin. The stock is trading at a forward P/E of ~10.6, well below the industry average of 39.1, and the current price of $248.88 sits roughly 30% below the DCF‑derived fair value of $377.7, suggesting a sizable upside. Technicals show a bullish MACD (line above signal) and a high RSI of 68.8, indicating momentum but also proximity to overbought conditions, while the price remains below the immediate resistance around $257.
Analyst sentiment is positive, with a consensus “Buy” rating and recent upgrades citing the India partnership and strong cash generation, positioning the stock for continued upside if the momentum sustains and regulatory headwinds remain manageable.