Event-Driven Stocks

FIRST SOLAR, INC.

FSLRNasdaq

Technology · Semiconductors & Related Devices · DE · SEC filings ↗ · Compare ⊕

View price & chart on Yahoo Finance ↗
Signs● 7 gooddetails ↓

Financials

SEC XBRL · annual
 FY25FY24FY23FY22FY21FY20
Revenue$5.22B$4.21B$3.32B$2.62B$2.92B$2.71B
Operating income$1.60B$1.39B$857.3M−$27.2M$586.8M$317.5M
Net income$1.53B$1.29B$830.8M−$44.2M$468.7M$398.4M
Total assets$13.32B$12.12B$10.37B$8.25B$7.41B$7.11B
Total liabilities$3.78B$4.15B$3.68B$2.42B$1.45B$1.59B
Equity$9.54B$7.98B$6.69B$5.84B$5.96B$5.52B
EPS (diluted)$14.21$12.02$7.74$-0.41$4.38$3.73
Shares out.107.1M106.8M106.6M106.3M106.0M105.5M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2025
Operating margin
30.6%
Net margin
29.3%
Return on equity
16.0%
Return on assets
11.5%
Return on capital (ROCE)
14.4%
Liabilities / assets
28.4%
Debt / equity
0.40×
Book value / share
$89.09
Revenue growth (YoY)
24.1%
Net income growth (YoY)
18.3%

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2025
Altman Z″ (distress)
6.97safe
Accruals / assets
−4.0%clean
Piotroski F-Score
7/9strong

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
93
/ 100
Profitability 100Growth 100Catalyst 67Earnings quality 100Financial strength 100

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

● 7 good
  • Operating margin is positive
  • Strong return on equity (>15%)
  • Revenue is growing year-over-year
  • Conservative leverage (liabilities < 50% of assets)
  • Positive operating cash flow
  • Clean earnings (low accruals)
  • Altman Z″ in the safe zone

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

5%+ owners

SEC Schedule 13D / 13G · last 3 yrs

Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
May 15, 20268.7M3.0+11.8%
Apr 30, 20267.7M3.6+18.4%
Apr 15, 20266.5M3.6-12.2%
Mar 31, 20267.5M4.2-4.0%
Mar 13, 20267.8M4.4-0.4%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (1)

Spot an error in this record? Report it. Every correction is verified against the source filing before we change anything.