FSLR → $545.00 by Aug 25, 2026.

First Solar is the only major US-headquartered solar manufacturer and they make thin-film cadmium telluride panels, which is a different technology than the silicon panels most Chinese manufacturers produce. That distinction matters more than people realize rn. ROIC: 12.6% (5yr avg: 5.8%) Gross margin: 41.7% Net margin: 30.7% FCF margin: 21.2% Revenue CAGR 5yr: essentially flat (this is the catch, more on that below) P/E: 16.7x Fair value estimate: \~$545 (using 9% discount rate) Current price: \~$264 the 30.7% net …