What is the 13F Pro Quality Score for FSLR?

13F Pro ranks FIRST SOLAR, INC. (FSLR) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View FSLR's current score at https://13fpro.ai/company/FSLR (free sign-up required for the full ranking).

Where does 13F Pro source FSLR data?

All FIRST SOLAR, INC. fundamentals and ownership data come directly from SEC EDGAR. FIRST SOLAR, INC. files with the SEC under CIK 1274494. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is FSLR in?

FIRST SOLAR, INC. (FSLR) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

What drives FSLR's revenue?

Per FIRST SOLAR, INC.'s latest 10-Q filed with the SEC on 2026-07-30, the biggest revenue drivers are: Solar module sales (single operating segment) ($1,056.2M, -3.7% YoY); BP Solar / Lightsource contract termination revenue ($61.0M). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/FSLR.

What are FSLR's largest expenses?

FIRST SOLAR, INC.'s latest 10-Q reports these as the largest expense items: Cost of sales ($451.2M, -24.5% YoY); Research and development ($76.2M, +39.9% YoY); Selling, general and administrative ($51.9M, -1.2% YoY). Sourced directly from SEC EDGAR filing text for Q2 FY2026 (quarter ended June 30, 2026).

How often is FSLR research updated on 13F Pro?

FSLR's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

FIRST SOLAR, INC.(FSLR)Stock Analysis

AI analysis on 2,800+ stocks →Deep AI analysis on 2,800+ stocks →

Technology →Nasdaqlarge

Institutional-grade research for retail investors

SEC EDGAR: CIK 1274494 FSLR stock profile & AI dashboard →

13F Pro Quality Score

79.2/100

Rank #46 of 2,961 stocksTOP 5%

View Technology peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

84.8/100

Profitability

93.2/100

Balance Sheet

90.8/100

Earnings Quality

47.8/100

Free Cash Flow

81.6/100

Institutional Flow

46.8/100

Revenue Scale

78.9/100

Dilution Risk

79.8/100

Email me the moment this company reports earnings

AI Research Report

Two-page plain-English analysis: business, thesis, and three scenarios for the next two years. Refreshed every quarter.

Upgrade to Pro

Pro: 5 reports/month · Pro+: unlimitedOpinion, not investment advice. Do your own research.

Why FSLR Scores 79/100

exact factor attribution · 2026-09-11

FSLR's composite is driven by revenue growth and profitability. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Revenue growth

+7.0 pts

85th pct

Profitability

+6.5 pts

93th pct

Free cash flow

+4.7 pts

82th pct

Scale

+4.3 pts

79th pct

Capital efficiency

+4.1 pts

91th pct

Earnings growth

+1.5 pts

80th pct

Shareholder dilution

+1.5 pts

80th pct

Institutional flow

-0.2 pts

47th pct

Earnings quality

-0.2 pts

48th pct

Latest change (2026-08-01): 74 → 69 · ↓ Revenue growth 84→65; ↓ Free cash flow 24→16

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

FSLR Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for FIRST SOLAR, INC. (FSLR), a Technology sector company. 13F Pro's AI-powered ranking engine scores FSLR at 79.2/100 on a 32-signal composite quality model, placing it at rank #46 of 2,961 stocks — the top 5% of the AI-ranked universe. FSLR scores in the top quartile across profitability (93.2), balance sheet strength (90.8), revenue growth (84.8). Based on the latest XBRL financial filings (Q2 2026), FIRST SOLAR, INC. reports quarterly revenue of $1.1B, net income of $422.6M, an operating margin of 42.6%. Top institutional holders of FSLR by reported 13-F value include BlackRock, SUSQUEHANNA INTERNATIONAL GROUP, LLP, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. FSLR trades on the Nasdaq exchange and files with the SEC under CIK 1274494. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate FSLR daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for FIRST SOLAR, INC. directly from SEC EDGAR. FIRST SOLAR, INC.'s 13F Pro composite quality score has ranged between 27 and 81 since 2021, currently 79.2 — an improving long-term trajectory across 68 quarterly and live scoring snapshots.

✦

Fun facts about FIRST SOLAR, INC.

Quirks, history, and lore behind FSLR — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. clean energy company · mid-cap · listed on Nasdaq · headquartered in Arizona.
2
The Numbers
Annual revenue around $3–4 billion, with margins that swing wildly on polysilicon prices and government policy — when subsidies align, profits can be surprisingly fat.
3
The History
Founded in the late 1990s, it was spun out of a larger industrial company and built its identity around a thin-film photovoltaic technology that most rivals abandoned.
4
The Secret
Unlike nearly every other solar panel maker, it manufactures almost entirely in the United States — which turned from a quirk into a massive competitive advantage once domestic content incentives kicked in.
5
The Lore
Its panels use cadmium telluride instead of silicon, making it the only major manufacturer to bet the whole company on that chemistry — and so far, the bet hasn't blown up.
6
The Giveaway
America's largest thin-film solar panel manufacturer, it powers utility-scale farms across the Southwest and trades under a ticker that's basically just solar spelled out.

▶ Think you know your stocks? Play the Daily Ticker

What's Driving FSLR's Business? Latest 10-Q Breakdown

✓ 30/30 datapoints verified

AI-extracted from FIRST SOLAR, INC.'s 10-Q filed 2026-07-30 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Net sales fell 3.7% to $1.06B on customer contract terminations, but gross margin jumped 11.7 points to 57.3% on an $88.6M IEEPA tariff-refund benefit and Section 45X credits.

Biggest Revenue Drivers

Solar module sales (single operating segment)$1,056.2M-3.7% YoY

Lower revenue associated with customer contract terminations, partially offset by a 5.3% increase in the volume of modules sold to third parties

Biggest Revenue Drivers

Total revenue: $1,056.2M-3.7% YoY

Solar module sales (single operating segment)$1,056.2M-3.7% YoY

Lower revenue associated with customer contract terminations, partially offset by a 5.3% increase in the volume of modules sold to third parties

Within Solar module sales (single operating segment)

BP Solar / Lightsource contract termination revenue$61.0M

Recognized in revenue related to advance payments previously received from the defendants after termination of the master supply agreements

Largest Expense Items

Cost of sales$451.2M-24.5% YoY

Expected IEEPA tariff refunds, $70.7M Section 45X credit benefit and $35.6M lower logistics, offset by $38.8M volume and $29.3M higher duties/tariffs

Research and development$76.2M+39.9% YoY

Impairment of equipment no longer expected to be used in the technology roadmap, plus higher spare parts, materials and depreciation

Selling, general and administrative$51.9M-1.2% YoY

Consistent with the prior-year quarter

Production start-up$26.4M-15.2% YoY

Incurred primarily for the sixth U.S. manufacturing facility in South Carolina

Margins: Gross profit rose to 57.3% of net sales from 45.6%, driven by an $88.6M net benefit from expected IEEPA tariff refunds, more modules qualifying for Section 45X credits, and lower logistics costs.

Watch Items from the Filing

Gross margin gain depends on IEEPA tariff refunds; filing warns recovered amounts may differ materially from amounts paid and may be offset by customer refund obligations.
Securities class action filed June 23, 2026 alleging understated tariff-policy impact on 2026 performance, plus a July 28, 2026 shareholder derivative suit; loss not estimable.
Backlog of 45.1 GW at an aggregate transaction price of $13.6 billion expected to be recognized through 2030, plus up to $0.5B of potential technology-related price adjustments.
Series 7 manufacturing issues: $47M specific warranty liability recorded within an estimated $40M-$65M range of potential future losses.
Cash, equivalents and marketable securities fell to $1.7B from $2.9B at December 31, 2025, on supplier payments, working capital, capex and debt repayment.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$1.1B

Net Income

Q2 2026

$422.6M

Free Cash Flow

Q2 2026

$-306.2M

Operating Margin

Q2 2026

42.6%

ROIC

Q2 2026

17.4%

D/E Ratio

Q2 2026

0.00

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+24.1% YoY

$5.22BFY 2025

FY22 $2.62BFY23 $3.32BFY24 $4.21BFY25 $5.22B

Net Income

+18.3% YoY

$1.53BFY 2025

FY22 $-44.2MFY23 $830.8MFY24 $1.29BFY25 $1.53B

Operating Income

+14.5% YoY

$1.60BFY 2025

FY22 $-27.2MFY23 $857.3MFY24 $1.39BFY25 $1.60B

EPS (Diluted)

+18.2% YoY

$14.21FY 2025

FY22 $-0.41FY23 $7.74FY24 $12.02FY25 $14.21

Total Assets

+9.9% YoY

$13.32BFY 2025

FY22 $8.25BFY23 $10.37BFY24 $12.12BFY25 $13.32B

Total Debt

-18.2% YoY

$498.6MFY 2025

FY22 $184.3MFY23 $560.3MFY24 $609.8MFY25 $498.6M

Op. Cash Flow

+68.9% YoY

$2.06BFY 2025

FY22 $873.4MFY23 $602.3MFY24 $1.22BFY25 $2.06B

Free Cash Flow

+485.4% YoY

$1.19BFY 2025

FY22 $-30.2MFY23 $-784.5MFY24 $-308.1MFY25 $1.19B

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$5.22B +24.1%	$4.21B +26.7%	$3.32B +26.7%	$2.62B -10.4%	$2.92B +7.8%	$2.71B
Net Income	$1.53B +18.3%	$1.29B +55.5%	$830.8M +1981.0%	$-44.2M -109.4%	$468.7M +17.7%	$398.4M
Operating Income	$1.60B +14.5%	$1.39B +62.7%	$857.3M +3247.5%	$-27.2M -104.6%	$586.8M +84.8%	$317.5M
EPS (Diluted)	$14.21 +18.2%	$12.02 +55.3%	$7.74 +1987.8%	$-0.41 -109.4%	$4.38 +17.4%	$3.73
Total Assets	$13.32B +9.9%	$12.12B +17.0%	$10.37B +25.6%	$8.25B +11.3%	$7.41B +4.3%	$7.11B
Total Debt	$498.6M -18.2%	$609.8M +8.8%	$560.3M +203.9%	$184.3M -23.2%	$239.9M -14.1%	$279.2M
Operating Cash Flow	$2.06B +68.9%	$1.22B +102.2%	$602.3M -31.0%	$873.4M +267.6%	$237.6M +540.0%	$37.1M
Free Cash Flow	$1.19B +485.4%	$-308.1M +60.7%	$-784.5M -2494.6%	$-30.2M +90.0%	$-302.7M +20.2%	$-379.5M

Get alerted when FSLR's score changes

Free account: watchlist tracking, the daily AI brief, and the AI screener.

Passwordless sign-in · Payments by Stripe · Auth by Clerk

Available Research

13F Pro tracks comprehensive data for FIRST SOLAR, INC. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of FSLR

BlackRock, Inc.
$3.3B14,029,065 sh
SUSQUEHANNA INTERNATIONAL GROUP, LLP
$1.7B7,369,400 sh
VANGUARD CAPITAL MANAGEMENT LLC
$1.6B6,836,941 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$1.3B5,638,446 sh
STATE STREET CORP
$1.3B5,576,026 sh
JANE STREET GROUP, LLC
$1.3B5,484,100 sh
SUSQUEHANNA INTERNATIONAL GROUP, LLP
$1.2B5,243,400 sh
JANE STREET GROUP, LLC
$1.1B4,758,900 sh
CITADEL ADVISORS LLC
$1.0B4,435,400 sh
Capital World Investors
$970.9M4,114,639 sh

Fund	Value	Shares
BlackRock, Inc.	$3.3B	14,029,065
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$1.7B	7,369,400
VANGUARD CAPITAL MANAGEMENT LLC	$1.6B	6,836,941
VANGUARD PORTFOLIO MANAGEMENT LLC	$1.3B	5,638,446
STATE STREET CORP	$1.3B	5,576,026
JANE STREET GROUP, LLC	$1.3B	5,484,100
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$1.2B	5,243,400
JANE STREET GROUP, LLC	$1.1B	4,758,900
CITADEL ADVISORS LLC	$1.0B	4,435,400
Capital World Investors	$970.9M	4,114,639

Companies Similar to FSLR

Ranked by quality-profile closeness and shared hedge-fund ownership — not just sector membership.

VLTO

Veralto Corp

AI score

Shared smart-money ownership · 37 shared holders

Mirova US LLC Robeco Schweiz AG Swedbank AB

VRT

Vertiv Holdings Co

AI score

Similar quality profile · 30 shared holders

Mirova US LLC Robeco Schweiz AG STOREBRAND ASSET MANAGEMENT AS

HUBB

HUBBELL INC

AI score

Similar quality profile · 23 shared holders

Mirova US LLC STOREBRAND ASSET MANAGEMENT AS National Pension Service

VRSK

Verisk Analytics, Inc.

AI score

Similar quality profile · 22 shared holders

National Pension Service Swedbank AB FIDEURAM - INTESA SANPAOLO PRIVATE BANKING S.P.A.

WDC

WESTERN DIGITAL CORP

AI score

Similar quality profile · 30 shared holders

Capital World Investors STOREBRAND ASSET MANAGEMENT AS National Pension Service

MTD

METTLER TOLEDO INTERNATIONAL INC/

AI score

Similar quality profile · 28 shared holders

National Pension Service CAISSE DE DEPOT ET PLACEMENT DU QUEBEC Robeco Schweiz AG

NXT

Nextpower Inc.

AI score

Shared smart-money ownership · 25 shared holders

Robeco Schweiz AG STOREBRAND ASSET MANAGEMENT AS Erste Asset Management GmbH

APH

AMPHENOL CORP /DE/

AI score

Similar quality profile · 17 shared holders

Capital World Investors STOREBRAND ASSET MANAGEMENT AS National Pension Service

Similarity is computed from the 8 composite sub-scores and latest-quarter 13F conviction holdings (index-style filers excluded). Refreshed monthly.

More Technology Companies

View all Technology →

AGILENT TECHNOLOGIES, INC.

AAOI

APPLIED OPTOELECTRONICS, INC.

AAPL

Apple Inc.

ABNB

Airbnb, Inc.

ACCL

Acco Group Holdings Ltd

ACCS

ACCESS Newswire Inc.

ACFN

ACORN ENERGY, INC.

ACIW

ACI WORLDWIDE, INC.

Put FSLR on your watchlist

Track score changes the day FIRST SOLAR, INC. files with the SEC, follow the hedge funds that own it, screen 2,800+ AI-scored stocks, and get the daily brief — free.

View Pricing

Free tier includes 13F data, economic indicators, and market overview. Pro starts at $6.67/mo (billed annually).

Passwordless sign-in · Payments by Stripe · Auth by Clerk

Popular Research

AAPL

Apple

MSFT

Microsoft

NVDA

NVIDIA

GOOG

Alphabet

AMZN

Amazon

Is FSLR a good stock to buy?

13F Pro's AI-powered analysis of FIRST SOLAR, INC. (FSLR) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for FSLR are available on the FSLR stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. FSLR is classified as a large company.

Which hedge funds own FSLR?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling FSLR. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of FIRST SOLAR, INC.'s investment landscape.