FSLR
First Solar Inc. Technology - Solar Investor Relations →
First Solar Inc. (FSLR) closed at $192.82 as of 2026-03-20, trading 7.0% above its 200-week moving average of $180.14. The stock is currently moving closer to the line, down from 9.2% last week. The 14-week RSI sits at 32, indicating neutral momentum.
Over the past 14 weeks, down-weeks have had more trading volume than up-weeks (0.65 buyers-vs-sellers ratio). That means when people are active, they're more often selling than buying. Sellers are still more in control than buyers.
Over the past 961 weeks of data, FSLR has crossed below its 200-week moving average 21 times. On average, these episodes lasted 21 weeks. Historically, investors who bought FSLR at the start of these episodes saw an average one-year return of +24.8%.
With a market cap of $20.7 billion, FSLR is a large-cap stock. The company generates a free cash flow yield of 4.7%. Return on equity stands at 17.4%, a solid level. The stock trades at 2.2x book value.
FSLR passes our Buffett quality screen: high return on equity, low debt, and positive free cash flow.
Over the past 18.5 years, a hypothetical investment of $100 in FSLR would have grown to $132, compared to $590 for the S&P 500. FSLR has returned 1.5% annualized vs 10.1% for the index, underperforming the broader market over this period.
Free cash flow has been volatile over the past several years, making the quality of earnings harder to assess.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: FSLR vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After FSLR Crosses Below the Line?
Across 21 historical episodes, buying FSLR when it crossed below its 200-week moving average produced an average return of +17.7% after 12 months (median -2.0%), compared to +12.6% for the S&P 500 over the same periods. 45% of those episodes were profitable after one year. After 24 months, the average return was +16.5% vs +29.1% for the index.
Each line shows $100 invested at the moment FSLR crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
FSLR has crossed below its 200-week MA 21 times with an average 1-year return of +24.8% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Oct 2008 | Dec 2008 | 12 | 39.1% | +33.4% | +64.2% |
| Jan 2009 | Apr 2009 | 15 | 29.8% | -14.7% | +32.6% |
| Jul 2009 | Jul 2009 | 2 | 5.6% | -7.7% | +34.7% |
| Aug 2009 | Sep 2009 | 6 | 19.7% | -11.7% | +31.6% |
| Sep 2009 | Sep 2010 | 51 | 28.6% | -1.8% | +28.5% |
| Oct 2010 | Jan 2011 | 17 | 16.3% | -56.6% | +40.1% |
| Feb 2011 | Apr 2014 | 165 | 90.2% | -77.2% | +23.8% |
| May 2014 | Jun 2014 | 6 | 11.4% | -10.8% | +205.0% |
| Jul 2014 | Aug 2014 | 4 | 3.0% | -30.6% | +204.0% |
| Oct 2014 | Feb 2015 | 20 | 24.5% | -4.7% | +258.9% |
| Jul 2015 | Jul 2015 | 3 | 2.8% | +3.6% | +337.9% |
| Sep 2015 | Sep 2015 | 1 | 1.6% | -14.4% | +345.4% |
| May 2016 | Oct 2017 | 76 | 47.8% | -25.1% | +297.1% |
| Jun 2018 | Jun 2018 | 1 | 0.6% | +19.9% | +277.6% |
| Sep 2018 | Feb 2019 | 24 | 22.3% | +29.5% | +297.5% |
| Jan 2020 | Feb 2020 | 1 | 2.2% | +100.0% | +288.9% |
| Feb 2020 | Jul 2020 | 19 | 33.1% | +77.0% | +321.3% |
| May 2022 | May 2022 | 2 | 5.3% | +260.6% | +200.1% |
| Jun 2022 | Jul 2022 | 6 | 4.9% | +182.4% | +183.6% |
| Feb 2025 | May 2025 | 11 | 16.5% | +44.8% | +41.6% |
| Jun 2025 | Jun 2025 | 2 | 5.8% | N/A | +33.0% |
| Average | 21 | — | +24.8% | — |
Frequently Asked Questions
Is FSLR below its 200-week moving average?
No. First Solar Inc. (FSLR) is currently 7.0% above its 200-week moving average of $180.14. It would need to fall to $180.14 to cross below the line.
What is FSLR's 200-week moving average price?
First Solar Inc.'s 200-week moving average is $180.14 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when FSLR drops below its 200-week moving average?
FSLR has crossed below its 200-week moving average 21 times in our data. On average, buying at that moment produced a one-year return of +24.8%. These dips have historically been decent entry points. These episodes lasted 21 weeks on average.
Is FSLR a good value right now?
Here's what our data says about FSLR as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 32. Free cash flow yield is 4.7%. Return on equity is 17.4%. Price-to-book is 2.2x. This is not a buy or sell recommendation — always do your own research.
How does FSLR compare to the S&P 500?
Over the past 18.5 years, $100 invested in FSLR would have grown to $132, compared to $590 for the S&P 500. That's 1.5% annualized vs 10.1% for the index. FSLR has underperformed the broader market over this period.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20