FSLR
First Solar Inc. Technology - Solar Investor Relations →
First Solar Inc. (FSLR) closed at $218.73 as of 2026-02-02, trading 24.2% above its 200-week moving average of $176.06. The stock is currently moving closer to the line, down from 28.6% last week. The 14-week RSI sits at 33, indicating neutral momentum.
Over the past 955 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 +23.7%.
With a market cap of $23.5 billion, FSLR is a large-cap stock. The company generates a free cash flow yield of 0.7%. Return on equity stands at 16.9%, a solid level. The stock trades at 2.6x book value.
FSLR passes our Buffett quality screen: high return on equity, low debt, and positive free cash flow.
Over the past 18.4 years, a hypothetical investment of $100 in FSLR would have grown to $149, compared to $627 for the S&P 500. FSLR has returned 2.2% annualized vs 10.5% 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.
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 +18.5% 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 +23.7% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Oct 2008 | Dec 2008 | 12 | 39.1% | +33.4% | +86.2% |
| Jan 2009 | Apr 2009 | 15 | 29.8% | -14.7% | +50.4% |
| Jul 2009 | Jul 2009 | 2 | 5.6% | -7.7% | +52.9% |
| Aug 2009 | Sep 2009 | 6 | 19.7% | -11.7% | +49.3% |
| Sep 2009 | Sep 2010 | 51 | 28.6% | -1.8% | +45.8% |
| Oct 2010 | Jan 2011 | 17 | 16.3% | -56.6% | +58.9% |
| Feb 2011 | Apr 2014 | 165 | 90.2% | -77.2% | +40.5% |
| May 2014 | Jun 2014 | 6 | 11.4% | -10.8% | +246.0% |
| Jul 2014 | Aug 2014 | 4 | 3.0% | -30.6% | +244.8% |
| Oct 2014 | Feb 2015 | 20 | 24.5% | -4.7% | +307.2% |
| Jul 2015 | Jul 2015 | 3 | 2.8% | +3.6% | +396.8% |
| Sep 2015 | Sep 2015 | 1 | 1.6% | -14.4% | +405.3% |
| May 2016 | Oct 2017 | 76 | 47.8% | -25.1% | +350.4% |
| Jun 2018 | Jun 2018 | 1 | 0.6% | +19.9% | +328.4% |
| Sep 2018 | Feb 2019 | 24 | 22.3% | +29.5% | +350.9% |
| Jan 2020 | Feb 2020 | 1 | 2.2% | +100.0% | +341.2% |
| Feb 2020 | Jul 2020 | 19 | 33.1% | +77.0% | +377.9% |
| May 2022 | May 2022 | 2 | 5.3% | +260.6% | +240.4% |
| Jun 2022 | Jul 2022 | 6 | 4.9% | +182.4% | +221.7% |
| Feb 2025 | May 2025 | 11 | 16.5% | N/A | +60.6% |
| Jun 2025 | Jun 2025 | 2 | 5.8% | N/A | +50.8% |
| Average | 21 | — | +23.7% | — |
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 Friday close, 2026-02-02