Latest Thesis
FSLR: First Solar has domestic solar leverage, but cash timing still matters
First Solar reported FY2025 revenue of $5.2 billion, net income of $1.5 billion and operating cash flow of $2.1 billion. Q1 2026 revenue was $1.0 billion, but operating cash flow was negative, so the thesis depends on module demand, manufacturing execution, policy support and cash conversion.
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FSLR: First Solar has domestic solar leverage, but cash timing still mattersFirst Solar reported FY2025 revenue of $5.2 billion, net income of $1.5 billion and operating cash flow of $2.1 billion. Q1 2026 revenue was $1.0 billion, but operating cash flow was negative, so the thesis depends on module demand, manufacturing execution, policy support and cash conversion.NASDAQMay 20, 2026Research reportReadSlides