InsiderStreet Equity Research

Produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation for any investor. Do not rely on it for any investment decision.

Last Close

$172.64

2026-10-16

Market Cap

$18.6B

Volume

2.3M

52-Wk High

$320.95

52-Wk Low

$168.60

Trailing PE

10.6

P/S

3.45

Gross Margin

44.0%

Net Margin

32.5%

ROE

18%

ROIC

15%

Piotroski

8/9

Altman Z

5.6

1-Yr Return

-27.4%

5-Yr Return

+173.7%

First Solar, Inc. is a global provider of photovoltaic (PV) solar energy solutions, operating in numerous international markets including the United States, Japan, France, Canada, India, and Australia. The company's primary activity involves the engineering, manufacturing, and sale of cadmium telluride solar modules, which are designed to convert solar radiation directly into electricity. Its clientele is broad, serving system developers and operators, utility companies, independent power producers, commercial and industrial businesses, and various other system owners. Founded in 1999, the firm is based in Tempe, Arizona, and underwent a name change in 2006 from its former designation, First Solar Holdings, Inc.

SectorEnergyIndustrySolarExchangeNASDAQMarket Cap$18.6BEmployees7,900 (SEC-filed)CEOMark R. WidmarIPO2006-11-17CountryUS

4300 E Camelback Road, Suite 220, Phoenix, AZ 85018 · Tel 602 414 9300 · firstsolar.com

INSIDERSTREET SCORE84 / 100Street mean $261.86 (22 analysts, last qtr) — their number, not ours

INSIDER CONSENSUS SIGNALROUTINE SELLING — LOW SIGNAL$30M sold / 6 mo, zero open-market buys

INSIDERSTREET
SCORE84of 100

Score Breakdown

Profitability	85/100
Growth	76/100
Momentum	99/100
Quality	93/100
Earnings Quality	68/100
Balance Sheet	92/100
Value	69/100
Risk (safety)	100/100
Overall	83.6/100

Each component is a diagnostic reading on its own 0-100 scale. The overall score is computed separately from the underlying financials and is not the average of the rows above — components are not equally weighted and three of them (Momentum, Value, Risk) are derived partly from price rather than from the business.

Peer Comparison — IS Score

Symbol	IS Score
NXT	68
ENPH	47
SEDG	38
WES	60
OVV	74
PAA	61
FSLR	84

IS Score Trend — quarterly

14 quarters, 23 Q1 to 26 Q2. Peak 85 in 26 Q1, latest 84 — -1 since. Fell in 1 of the last 4 quarters. Dashed line marks 40 on the 0-100 scale.

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NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

1 Year vs S&P 500 · FSLR -27.4% · S&P 500 +15.9% · spread -43.3pp

7 Years vs S&P 500 · FSLR +173.7% · S&P 500 +189.9% · spread -16.2pp

Both charts indexed to 100 at the start of their window and drawn on a single shared scale, so the gap to the benchmark is the gap you see. Adjusted closes throughout.

BUSINESS QUALITY84 / 100IS Score 83.6 / 100 · -1.4 from peak of 85

Fundamental factor model, quarterly. Measures how the business is doing - not where the price is going.

PRICE STRUCTUREBEARISHTechnical Score 20 / 100 · Power -59 · 2 of 22 indicator votes bullish

Vote share across trend, momentum, volume, volatility and pattern families. Describes where the price is, not where it is going.

These two disagree — business quality 84, price structure 20 out of 100, so the business reads better than the price does. We publish the disagreement rather than resolving it: they answer different questions, and the gap between them is information, not an error.

Trigger	Where it stands now	What it would mean
IS Score reaches 75 and holds two consecutive quarters	now 83.6	would move us up one band
IS Score stops falling - one quarter higher than the prior	last four: 69 → 79 → 85 → 84	the direction matters more than the level
Technical vote share back above 50%	now 0%	price structure no longer broken
Institutional holder count rises two quarters running	peak 1,062 → now 1,017	fewer institutions willing to hold is our clearest warning

We publish these so the view can be shown to be wrong. If none of them move and our reading does, we owe you an explanation.

This page is InsiderStreet's own reading, produced from the data in the rest of this document. It is not a price target and not investment advice. Analyst consensus and street price targets appear later under their own heading and are the street's numbers, not ours.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Site Convergence Score3 of 4top 4% of 29,420 symbols

Sources Aligned— of 3independent disclosures

Congress (180d)4 buys2026-08-13

Insider Buys (180d)0none disclosed

ETF Funds (30d)1142 up / 1014 downnet +128 funds

Institutions Added (13F)46managers opening or increasing

Congressional and insider figures are disclosed purchases in the trailing 180 days; ETF figures are COUNTS OF FUNDS whose holding changed in 30 days, not dollars. Coincidence of separate disclosures, not coordination. An absent source means nothing qualifying was disclosed in its window.

Institutions holding — 12 quarters

Peak 1,062 · latest 1,017 (-45 from peak).

Quarter	Holders	13F shares	Value	Reported own%	Guard
2026 Q2	1,017	100.6M	$23.3B	93.7%
2026 Q1	971	95.0M	$18.4B	88.4%
2025 Q4	1,062	101.6M	$25.4B	94.5%
2025 Q3	936	105.2M	$22.7B	97.9%
2025 Q2	876	110.4M	$17.3B	102.8%	ex-outlier 90.4%
2025 Q1	826	100.4M	$12.4B	93.4%
2024 Q4	892	95.6M	$16.5B	88.9%
2024 Q3	924	91.5M	$22.5B	85.2%
2024 Q2	909	98.4M	$20.3B	91.5%
2024 Q1	796	93.9M	$15.7B	87.4%
2023 Q4	785	93.4M	$16.0B	87.0%
2023 Q3	739	93.6M	$15.1B	87.1%

How to read ownership above 100%. A 13F reports the positions a manager has investment discretion over, and where two or more managers share discretion over the same block, each one reports it. Summed across filers, the total can therefore exceed the shares actually outstanding without anything being wrong. We publish the figure as filed rather than netting it down, and flag separately any quarter where the arithmetic is not merely high but impossible.

Why 2025-06 reads 102.76%. Institutions cannot hold more of a company than exists. The reported 110.4M shares exceed the 107.5M outstanding, and a single filer accounts for the excess: VANGUARD GROUP INC reports 13,257,849 shares against 13,200,342 the prior quarter, a 1x jump, which alone would be 12.3% of the company. Excluding that filing, ownership is 90.4%. We publish both figures. 13F filings are due 45 days after quarter end and amendments keep arriving after that, so the newest quarter is provisional by construction - this is what an unsettled quarter looks like.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Insider	Role	Date	Type	Shares	Value	Post-Txn Owned
Gloeckler Markus	Chief Technology Officer	2026-10-01	SELL	800	$0.14M	5,042
Morgan Curtis A	director	2026-09-30	A-Award	300	—	523
George Anita M.	director	2026-09-30	A-Award	300	—	5,471
Kro Lisa A	director	2026-09-30	A-Award	300	—	4,899
Wright Norman L.	director	2026-09-30	A-Award	300	—	5,309
Renduchintala Venkata S M	director	2026-09-30	A-Award	300	—	2,433
Stebbins Paul H	director	2026-09-30	A-Award	300	—	16,250
Sweeney Michael T	director	2026-09-30	A-Award	300	—	14,625

6-mo decomposition (Form 4)	Txns	Shares	Value	Signal weight
S — Open-market sales	146	136,508	$29.6M	Counted
M — Exercises (paired A/D)	68	60,214	—	None — mechanics
F — Tax withholding	2	201	$0.0M	None — compensation
G — Gifts	1	44,584	—	None
P — Open-market purchases	0	0	$0	Counted — none occurred

Monthly Net Insider Flow (000 shares)

Net of acquisitions minus dispositions, all Form 4 types.

Signal Summary

SignalRoutine Selling — Low Signal

Open-Market Sells$29.6M146 txns / 6 mo

Open-Market Buys$0.0M0 txns / 6 mo

ClusterNone active3+ insiders / 21 days

Filed	Filer	Shares registered	Est. proceeds
2026-10-01	Gloeckler Markus	800	$0.1M
2026-09-01	Gloeckler Markus	800	$0.2M
2026-08-17	Sloan Samantha L.	127	$0.0M
2026-08-11	Dymbort Jason E.	3,700	$0.9M
Trailing 12 mo	63 filings	190,535	$44M

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Filed	Form	Reporting person	% of class	Shares
2026-10-15	SCHEDULE 13G	Kenneth Griffin	5.00%	5.4M sh
2026-10-15	SCHEDULE 13G/A	Kenneth Griffin	6.00%	6.5M sh
2026-08-14	SCHEDULE 13G/A	Susquehanna Securities, LLC	7.00%	7.5M sh
2026-08-13	SCHEDULE 13G	Jane Street Singapore Pte. Ltd	—	0.0M sh

Member	Chamber	Trade	Size band	Traded	Disclosed
Ro Khanna	House	SELL	$1,001 - $15,000	2026-09-11	2026-10-09
Ro Khanna	House	BUY	$1,001 - $15,000	2026-08-10	2026-09-07
Gilbert Cisneros	House	SELL	$1,001 - $15,000	2026-02-10	2026-03-10
John Boozman	Senate	BUY	$1,001 - $15,000	2026-08-13	2026-09-11
John Boozman	Senate	BUY	$1,001 - $15,000	2026-08-13	2026-09-11
John Boozman	Senate	BUY	$1,001 - $15,000	2026-08-13	2026-09-10

House 12-Mo8 trades4 purchases

Senate 12-Mo3 trades3 purchases

CoverageSTOCK Act filings30-45 day disclosure lag

13F Filers (last complete Q)971

13F Shares95M88.4% of shares out

New / Closed130 / 200positions, QoQ

Increased / Reduced338 / 352positions, QoQ

Put/Call (13F)0.82option positions

Free Float94.6%102M sh

2.8 · Largest Reporting 13F Managers

Manager	Shares	Value
Two Seas Capital Lp	377,984	$66M
Assenagon Asset Management S.A.	174,759	$31M
Fjarde Ap-Fonden /Fourth Swedish N	100,426	$18M
Y-Intercept	68,276	$12M
Vontobel Holding Ltd.	64,624	$11M
Quintet Private Bank	55,895	$10M

EDGAR 13F holdings as of 2026-09-30; filer values normalized to dollars.

2.9 · Top ETF & Fund Ownership

Fund	Weight	Position
VITSX	0.0%	$569M
VSMPX	0.0%	$569M
VTSAX	0.0%	$569M
VTI	0.0%	$569M
VFIAX	0.0%	$494M
VFFSX	0.0%	$494M

13F Filers Holding FSLR — quarterly

Institutional Put/Call — quarterly

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Daily short-sale volume as % of volume reported in FINRA's short-sale file — a flow measure, not short interest; dashed = 50-day average.

Latest Session72.7%2026-10-15

20-Day Avg61.8%50-day 58.7%

TrendRising20d vs 50d

By Market CenterQ: 73% · N: 73% · B: 48%latest session

Weekly Notional ($B)

Where FSLR Trades in the Dark

ATS Venue (4-wk)	Shares	Avg trade
Incr Intelligent Cross Llc	2.5M	41 sh
Ubsa Ubs Ats	2.1M	52 sh
Sgmt Sigma X2	1.4M	37 sh
Mspl Ms Pool (Ats-4)	1.0M	139 sh
Mlix Instinct X	1.0M	52 sh
Ebxl Level Ats	0.9M	23 sh

Where a dollar of First Solar, Inc. revenue goes. All values FY2025 filings, live.

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NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Region	Revenue	Share
UNITED STATES	$5.0B	48%
United States	$5.0B	48%
INDIA	$196M	2%
India	$196M	2%
All other foreign countries	$23M	0%
FRANCE	$6M	0%
France	$6M	0%

FSLR (live moat model)Peer median: NXT · ENPH · SEDG · WES · OVV

Component scores from the live moat model. Peer median illustrative.

Moat score 71/100 — Wide; primary source Efficient Scale.

3.8 · Employees (SEC filings)

Officer	Title
Mark R. Widmar	Chief Executive Officer & Director
Georges J. Antoun	Chief Commercial Officer
Alexander R. Bradley	Chief Financial Officer
Jason E. Dymbort	General Counsel & Secretary

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Revenue ($B)

EPS ($) — GAAP diluted actual, street-basis estimate

Actual bars are GAAP diluted EPS from the filed income statement; the lighter forward bars are street-basis consensus. The two are different measures and are not comparable quarter to quarter.

Quarterly EPS — Actual vs. Consensus

Beats (>2%)3 of 6recent quarters

Avg Surprise+5.6%

Next Report2026-10-29

Income Quality1.23OCF ÷ net income

Beat Rate—%0 of 0 quarters

Current Streak0longest 0

Avg EPS Surprise—%median —%

Surprise Trend—last 4 vs prior 4

Period	EPS est.	EPS actual	EPS surprise	Rev est. ($M)	Rev actual ($M)	Rev surprise

Announcement dates to . Consensus as it stood at each report. Revenue surprise shown where both estimate and actual are filed. A beat record is history, not a forecast.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Profit Margins (%)

Revenue by Segment — Stacked

Live segmentation data.

YoY Growth Heatmap — Income Lines

YoY growth	FY21	FY22	FY23	FY24	FY25
Revenue	+7.8%	-10.4%	+26.7%	+26.7%	+24.1%
Gross profit	+7.2%	-90.4%	+1761.9%	+42.8%	+14.1%
Operating income	+84.8%	-104.6%	-3247.5%	+62.7%	+14.5%
Net income	+17.7%	-109.4%	-1981.0%	+55.5%	+18.3%

$B · FY ends	FY21	FY22	FY23	FY24	FY25
Revenue	2.9	2.6	3.3	4.2	5.2
Cost of revenue	2.2	2.5	2.0	2.3	3.1
Gross profit	0.7	0.1	1.3	1.9	2.1
R&D expense	0.1	0.1	0.2	0.2	0.2
SG&A expense	0.2	0.2	0.2	0.2	0.2
Operating income	0.6	-0.0	0.9	1.4	1.6
EBITDA	0.8	0.3	1.2	1.9	2.2
D&A	0.3	0.3	0.3	0.4	0.5
Pretax income	0.6	0.0	0.9	1.4	1.6
Income tax	0.1	0.1	0.1	0.1	0.1
Net income	0.5	-0.0	0.8	1.3	1.5
Diluted EPS ($)	4.38	-0.41	7.74	12.02	14.21
Diluted shares (M)	107	107	107	108	108

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Operating CF$2B

CapEx$1B

Free cash flow$1B

SBC$0B

Buybacks$0B

Net cash change$1B

Balance Sheet — Full

$B	FY22	FY23	FY24	FY25
Cash & equivalents	1.5	1.9	1.6	2.8
ST investments	1.1	0.2	0.2	0.1
Receivables (net)	0.3	1.4	1.8	1.3
Total current assets	3.8	4.6	5.1	6.0
PP&E (net)	3.6	4.5	5.6	5.7
Goodwill + intangibles	0.0	0.1	0.1	0.1
Total assets	8.3	10.4	12.1	13.3
Accounts payable	0.3	0.2	0.5	0.4
Short-term debt	0.0	0.1	0.2	0.2
Deferred revenue	0.3	0.4	0.7	1.0
Total current liabilities	1.0	1.3	2.1	2.3
Long-term debt	0.2	0.5	0.4	0.3
Total liabilities	2.4	3.7	4.1	3.8
Shareholders' equity	5.8	6.7	8.0	9.5

Cash Flow Statement — Full

$B	FY22	FY23	FY24	FY25
Net income	(0.0)	0.8	1.3	1.5
D&A	0.3	0.3	0.4	0.5
Stock-based compensation	0.0	0.0	0.0	0.0
Working capital change	1.0	(0.5)	(0.5)	0.1
Operating cash flow	0.9	0.6	1.2	2.1
Capital expenditures	(0.9)	(1.4)	(1.5)	(0.9)
Investing cash flow	(1.2)	(0.5)	(1.6)	(0.8)
Buybacks	(0.0)	(0.0)	(0.0)	(0.0)
Dividends paid	0.0	0.0	0.0	0.0
Debt issuance / (repay)	0.3	0.4	0.1	(0.1)
Financing cash flow	0.3	0.3	0.0	(0.1)
Free cash flow	(0.0)	(0.8)	(0.3)	1.2

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NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Balance Sheet Structure ($B)

Cash Generation vs Capex ($B)

Left: what the balance sheet is made of — the gap between the assets bar and the liabilities bar is book equity. Right: whether the capex bar is covered by the operating-cash bar; where it is not, the difference was funded externally and free cash flow goes negative.

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
PROFITABILITY
ROE	8.2%	-0.7%	13.3%	17.6%	17.4%	18%
ROA	6.5%	-0.6%	8.9%	11.5%	12.0%	13.0%
ROIC	10.6%	4.0%	15.3%	18.6%	21.5%	15.3%
Gross margin	25.0%	2.7%	39.2%	44.2%	40.6%	44.0%
Operating margin	20.1%	-1.0%	25.8%	33.2%	30.6%	33.6%
Net margin	16.0%	-1.7%	25.0%	30.7%	29.3%	32.5%
EBITDA margin	28.9%	11.1%	36.5%	44.4%	41.3%	45.4%
FCF margin	-10.4%	-1.2%	-23.6%	-7.3%	22.7%	—
VALUATION
P/E	19.90	-361.56	22.30	14.68	18.40	10.6
P/B	1.57	2.74	2.77	2.38	2.95	1.8
P/S	3.19	6.10	5.58	4.51	5.39	3.45
P/FCF	-30.81	-528.13	-23.62	-61.55	23.69	12.4
EV/EBITDA	9.35	46.89	14.07	9.57	11.96	7.0
EV/Revenue	2.70	5.20	5.14	4.25	4.94	3.2
Earnings yield	5.0%	-0.3%	4.5%	6.8%	5.4%	9.41%
FCF yield	-3.2%	-0.2%	-4.2%	-1.6%	4.2%	8.09%

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
LEVERAGE & SOLVENCY
Current ratio	4.39	3.65	3.55	2.45	2.67	2.52
Quick ratio	3.26	2.90	2.77	1.80	2.35	2.00
Debt / equity	0.07	0.04	0.09	0.09	0.05	0.02
Debt / assets	5.4%	2.8%	6.0%	5.9%	3.7%	1.4%
Net debt / EBITDA	-1.69	-8.07	-1.22	-0.57	-1.09	-0.61
Interest coverage	44.65	1.70	69.75	37.18	36.82	—

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
EFFICIENCY
Asset turnover	0.40	0.33	0.36	0.37	0.41	0.40
Receivables turnover	7.82	6.72	6.59	4.28	4.05	2.9
DSO (days)	47	54	55	85	90	128
DPO (days)	31	38	50	54	52	42
Cash conversion cycle	142	131	168	215	161	218
GROWTH (YoY)
Revenue growth	7.8%	-10.4%	26.7%	26.7%	24.1%	—
Net income growth	17.7%	-109.4%	1981.0%	55.5%	18.3%	—
EPS growth	17.6%	-109.5%	1964.4%	55.5%	18.2%	—
FCF growth	20.2%	90.0%	-2494.6%	60.7%	485.4%	—
PER SHARE ($)
EPS (diluted, TTM)	4.38	-0.41	7.72	12.01	14.20	16.25
Book value / share	55.69	54.74	62.18	74.14	88.60	96.04
Revenue / share	27.32	24.57	30.85	39.09	48.48	50.05
FCF / share	-2.83	-0.28	-7.29	-2.86	11.03	13.96
Cash / share	17.06	24.18	19.55	16.66	26.52	16.07
SHAREHOLDER RETURN & SCORES
Buyback yield	0.2%	0.1%	0.2%	0.1%	0.1%	0.00%
Altman Z-Score	5.50	5.23	4.55	4.39	5.59	5.6
Piotroski F-Score	7	4	5	5	8	8/9
Beneish M-Score	-1.81	-1.49	-0.10	-2.00	-2.88	-2.71

Model	Score	Zone	Note
Piotroski F-Score	8 / 9	Strong
Altman Z-Score	5.6	Safe (>2.99)	Safe
Income quality	1.23	Cash-backed	OCF ÷ net income
Beneish M-Score	-2.71	Non-manipulator	vs −2.22 threshold

DuPont Decomposition (TTM)	Value
Tax burden	0.96
Interest burden	0.98
Operating margin	34.7%
Asset turnover	0.41×
Financial leverage	1.39×
= ROE	19%

Growth Quality (live)	Value
Revenue stability	0.83
Earnings stability	0.71
Earnings persistence	0.84
Revenue CAGR 3y	21.6%
EPS CAGR 3y	123.2%
FCF CAGR 3y	—

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NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Buyback Yield0.00%

Dividend Yield0.00%none paid

Total Shareholder Return0.00%cash yield

SBC / Revenue0.4%dilution pressure

Company	Mkt cap	P/E	ROE	Net margin	Rev growth	Piotroski	1-yr ret
NXT	$12.1B	20.1	27%	17.7%	+17.0%	7/9	-8.6%
ENPH	$4.0B	30.0	13%	12.4%	-10.4%	7/9	-18.5%
SEDG	$1.9B	-7.0	-58%	-8.9%	+41.6%	7/9	-21.8%
WES	$18.4B	13.9	34%	33.0%	+18.0%	5/9	+21.4%
OVV	$19.2B	19.7	8%	15.1%	+4.7%	8/9	—
PAA	$17.8B	7.0	27%	10.3%	+9.2%	8/9	—
APA	$17.2B	10.4	26%	31.1%	-12.2%	7/9	—
COG	$17.1B	10.2	11%	47.0%	+26.0%	8/9	—

1-yr returns computed from adjusted price history; peers without a tracked series show —.

Buy

74 Analysts

Str Sell (0)Sell (7)Hold (22)Buy (45)Str Buy (0)

Mean Target (qtr)$261.8622 targets

Target vs. Price+51.7%last-quarter mean

Next Report2026-10-29street $4.67

Consensus estimates	Revenue mean	High / Low	EPS mean	High / Low	# EPS est.
FY2026	$5.03B	$5.35B / $4.86B	$17.51	$19.12 / $16.21	25
FY2027	$5.89B	$6.55B / $5.37B	$23.35	$29.03 / $17.11	25
FY2028	$6.62B	$7.54B / $5.91B	$29.26	$39.31 / $23.30	26

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Street Price Target — Trajectory

Window	Avg Target	vs. Price	# Targets
Last Month	$261.00	+51.2%	7
Last Quarter	$261.86	+51.7%	22
Last Year	$266.39	+54.3%	52
All Time	$240.37	+39.2%	146

Rolling mean of published targets vs. last close $172.64. Aggregated from StreetInsider, Benzinga, Pulse 2.0.

Third-Party Composite Rating

B

DCF

1/5

ROE

4/5

ROA

5/5

Debt/Eq

3/5

P/E

2/5

P/B

2/5

Independent quant composite as of 2026-10-16; components scored 1–5 (5 best). Shown for contrast with the InsiderStreet Score — methodologies differ.

FSLR -27.4% vs S&P 500 +15.9% — spread -43.3pp

Sector — XLE +60.0%

Peer Set — indexed to 100

All series indexed to 100 at the start of the window, adjusted closes.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Candlesticks with SMA 20/50 overlay, Bollinger (20,2σ) band, volume, and Wilder RSI(14) — computed from live daily OHLCV.

Moving Average	Value	Distance	% Distance	Signal
SMA 20	$180.19	-7.55	-4.19%	Below
SMA 50	$199.61	-26.97	-13.51%	Below
SMA 200	$219.83	-47.19	-21.47%	Below
EMA 9	$178.52	-5.88	-3.29%	Below
EMA 21	$183.00	-10.36	-5.66%	Below
EMA 50	$195.46	-22.82	-11.68%	Below
EMA 200	$214.02	-41.38	-19.33%	Below

Series and readings from the nightly technical-indicator history — identical data to the site's ribbon chart. Supertrend segments colored by direction.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

TECHNICAL VERDICTBEARISHPower Score -592 of 22 indicator votes bullish

Family Scores (site weights)

Trend 30%11

Momentum 25%10

Volume 20%19

Volatility 10%33

Patterns 15%50

This Week0% bullishof 11 price-based votes

4 Weeks Ago0%+0 pts since

12 Weeks Ago9%-9 pts since

ReadStabilizingweek-over-week trajectory

Price vs SMA 20$180.19

Price vs SMA 50$199.61

Price vs SMA 200$219.83

EMA 9/21 Cross178.5/183.0

SMA 50/200Death

ADX DirectionADX 24

Supertrend$198

Parabolic SAR$170

SMA Slope-1.170

RSI38.1

Stochastic K/D43/55

StochRSI K/D50/70

Williams %R-79

CCI-55

TSI vs Signal-19.1

CMO-23.7

ROC-1.13%

OBV SignalDistrib

Chaikin MF-0.120

MFI45

Force Index-3M

Elder Ray Bull-0.31

RSI (14)30 oversold · 70 overbought

Stochastic %Kvs %D 55

Money Flowvolume-weighted RSI

ADXtrend strength · <20 weak

Williams %Rinverted scale

Level	Value	Level	Value
Pivot / R1 / R2	$178.53 / $181.51 / $184.21	S1 / S2	$175.83 / $172.85
Bollinger (20,2)	$163.89 – $196.50	Squeeze	Off
52-wk range	$168.60 – $320.95	Off 52-wk high	-46.2%
ATR (14)	$7.85 (4.5%)	Historical vol	51.8%

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

-3.7%Jan30%

-0.6%Feb40%

+4.1%Mar60%

+6.5%Apr53%

+4.0%May58%

+2.8%Jun58%

+5.5%Jul53%

+1.1%Aug47%

-0.0%Sep53%

+3.4%Oct53%

+2.0%Nov60%

+1.7%Dec60%

Sample: 20 years — treat short histories as suggestive, not statistical.

Computed from live weekly prices	FSLR	S&P 500
Weekly volatility (σ, 1y)	7.14%	1.83%
Best / worst week (1y)	+18.9% / -14.4%	—
Max drawdown (5y, monthly)	-51.6%	—
1-week VaR (95%)	-11.8%	—
Beta (5y)	1.73	1.00

FSLR EQUITY WEATHER (LIVE)RAINY · -37

Trend-45

Momentum-17

Volume-48

Volatility-60

Breadth-12

MARKET REGIME (2026-10-16)NEUTRAL

VIX19.99Normal

Dow TheoryConfirmed Bearish

SPY / QQQ TSI7.2 / 4.7trend strength

Sector Strength46/100breadth average

Average sentiment of 245 stories, weekly buckets, −1 to +1.

This space intentionally left blank — the next section begins on the following page

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Overall-37.4-11.0 vs industry

Trend-44.5-6.9 vs industry

Momentum-17.2+16.1 vs industry

Volume-47.8-47.8 vs industry

Reading	FSLR	Solar n=137	Energy n=2,022	All US symbols n=70,435
Overall	-37.4	-26.4	-13.8	-20.5
Trend	-44.5	-37.7	-8.3	-21.3
Momentum	-17.2	-33.3	-8.5	-15.8
Volume	-47.8	+0.0	-25.0	-3.8

Trend, momentum and volume are computed per company. Volatility and breadth are market-regime values shared by every symbol in the universe, so they are reported once under Market Regime rather than compared here - a company cannot differ from its sector on a constant.

Executive	Total comp	Structure
Mark R. Widmar Chief Executive Officer	$8.1M	87% equity+incentive
Alexander R. Bradley Chief Financial Office	$2.9M	81% equity+incentive
Kuntal Kumar Verma Chief Manufacturing Offi	$2.6M	81% equity+incentive
George J. Antoun Chief Commercial Officer	$2.5M	75% equity+incentive
Jason Dymbort General Counsel & Secretary	$2.4M	79% equity+incentive

Pillar (live disclosure scores)	Score
Environmental	82
Social	62
Governance	61
Composite ESG	68

Composite ESG Trend

Filed	8-K contents	Items
2026-07-30	Earnings Release; Exhibits	2.02,9.01
2026-05-15	Shareholder Vote	5.07
2026-04-30	Earnings Release; Exhibits	2.02,9.01
2026-02-24	Results of Operations and Financial Condition; Financial Statements an	2.02,9.01
2026-02-19	Entry into Material Definitive Agreement; Termination of Material Defi	1.01,1.02,2.03,9.01
2025-10-30	Results of Operations and Financial Condition; Financial Statements an	2.02,9.01
2025-10-21	Other Events	8.01
2025-07-31	Results of Operations and Financial Condition; Financial Statements an	2.02,9.01

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Methodology. Every figure originates in InsiderStreet's production data layer and is computed deterministically by the same engines that power insiderstreet.ai. This factsheet contains no model-written text. Sections without underlying data are omitted rather than estimated.

DISCLOSURES. This document is produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation tailored to any person. Data is sourced as of the dates shown and may no longer be current. InsiderStreet.ai is not a registered investment adviser or broker-dealer. Investing involves risk, including loss of principal. Past performance does not guarantee future results. Do not make any investment decision based on this document. © 2026 InsiderStreet.ai — all rights reserved. Redistribution prohibited.

Data domain	Source	Coverage for this report
Price & volume	market_db.historical_prices	52 rows
Fundamentals	income_statements_annual	6 rows · 2020 to 2025
Reported vs consensus	fact/earnings_calendar	24 rows · 2020-10-27 to 2026-07-30
Analyst estimates	dim/forward_estimates	3 rows · 2026-12-31 to 2028-12-31
Institutional ownership (13F)	holdings_db.institutional_ownership_summary	82 rows · 2006 to 2026
Insider transactions (Form 4)	edgar/form4	12 rows · 2026-09-01 to 2026-10-01
Proposed sales (Form 144)	edgar/form144	1 record
Beneficial ownership (13D/G)	edgar/13dg	4 rows · 2026-08-13 to 2026-10-15
Short-sale volume (FINRA)	edgar/short_volume_daily	60 rows · 2026-07-23 to 2026-10-15
Dark pool (ATS, tier 1)	edgar/darkpool_weekly	12 rows · 2026-06-15 to 2026-08-31
ETF & fund holding	etf_holdings_changelog (30d)	1 record
Peer set	stock_peers_dynamic	8 rows
Industry medians	industry_medians	1 record
Congressional trades	congress_db (House + Senate)	1 record
ESG	fact/esg_disclosures	1 record

Method. Every figure in this factsheet is looked up from a named field computed in code. It contains no model-written text.

Not covered. Short interest as a percent of float and days-to-cover are not in this data set — the short-sale figures above are FINRA volume, a flow, and cannot support squeeze or covering analysis. Options positioning and intraday data are also absent. 13F ownership is filed 45 days after quarter end and congressional trades are disclosed on a lag, so both describe a past position, not a current one.

First Solar, Inc. (FSLR)

Score Breakdown

Peer Comparison — IS Score

IS Score Trend — quarterly

First Solar, Inc. (FSLR)

First Solar, Inc. (FSLR)

Institutions holding — 12 quarters

First Solar, Inc. (FSLR)

Monthly Net Insider Flow (000 shares)

Signal Summary

First Solar, Inc. (FSLR)

2.8 · Largest Reporting 13F Managers

2.9 · Top ETF & Fund Ownership

13F Filers Holding FSLR — quarterly

Institutional Put/Call — quarterly

First Solar, Inc. (FSLR)

Where FSLR Trades in the Dark

First Solar, Inc. (FSLR)

3.8 · Employees (SEC filings)

First Solar, Inc. (FSLR)

First Solar, Inc. (FSLR)

First Solar, Inc. (FSLR)

Balance Sheet — Full

Cash Flow Statement — Full

First Solar, Inc. (FSLR)

First Solar, Inc. (FSLR)

First Solar, Inc. (FSLR)

First Solar, Inc. (FSLR)

Street Price Target — Trajectory

Third-Party Composite Rating

First Solar, Inc. (FSLR)

First Solar, Inc. (FSLR)

Family Scores (site weights)

First Solar, Inc. (FSLR)

First Solar, Inc. (FSLR)

First Solar, Inc. (FSLR)