First Solar (FSLR-nyse-8271) Financial Ratio Screen

NYSE Technology United States USD 20420M
RATIOS FAIL*
Automated financial screen · activity assessed separately
First Solar (FSLR-nyse-8271) is potentially non-compliant in the automated ratio model. First Solar operates in the Technology sector.

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MSCI new-inclusion financial-ratio snapshot

FSLR-nyse-8271 financial screening at a glance

RATIOS FAIL*Financial ratios shown separately from business review — not a fatwa
Debt ratio
4.9%
Pass vs 30%
Cash ratio
21.4%
Pass vs 30%
Receivables + cash
36.0%
Fail vs 30%
Impermissible income
1.6%
Pass vs 5%

Calculation date: 2026-08-31. Financial period used: December 2025. The ratios are automated proxies inspired by published methodologies; they are not official index determinations.

Independent method comparison

What the available screens say

How MSCI, FTSE and S&P-style screens differ
Request this stock review
MSCI-styleFinancial criteria not metAt least one available ratio exceeds its threshold
FTSE/Yasaar-styleFinancial criteria passedActivity is assessed separately
S&P-style provisionalNot yet availableRequired denominator or financial data is incomplete
Business activityAssessment pendingFinancial results do not determine business permissibility
Complete screening result: not yet completeA complete result requires both supported financial criteria and adequate activity evidence. This site does not issue a fatwa or official index decision.
Financial periodDecember 2025Calculation date2026-08-31S&P-style historynot availableLast activity reviewnot yet reviewed

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Business activity evidence

Activity assessment in progress

The supplied classification (Solar) is only a starting point. Revenue evidence is being assessed before any complete screening conclusion.

Revenue segments: Not yet checked against an SEC annual filing.

Profile description reviewed: First Solar, Inc., a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally. The company manufactures and sells PV solar modules with thin film semiconductor technology that provides conventional crystalline silicon PV solar modules. It also designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity. The company serves system developers, independent power producers, utilities, commercial and industrial companies, large corporate energy buyers, and other system owners and operators. The company was formerly known as First Solar Holdings, Inc. and changed its name to First Solar, Inc. in 2006. First Solar, Inc. was founded in 1999 and is headquartered in Phoenix, Arizona.

Sources to verify: Secondary company profile and classification · Issuer website · SEC issuer filings

A sector label or company description can flag a risk but cannot establish a compliant-revenue percentage. Only sourced segment disclosures may support that calculation.

Published-ratio reproductions (not certifications)

The table shows implemented MSCI and FTSE/Yasaar-style asset-based models plus a provisional S&P-style leverage reconstruction where a complete 36-month denominator exists. These are independent calculations, not official index results or Shariah determinations. See formulas, sources and limitations.

Based on financial data from December 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI 4.9%
/ 30%
21.4%
/ 30%
36.0%
/ 30%
1.57%
/ 5%
RATIOS FAIL*
FTSE 4.9%
/ 33%
21.4%
/ 33%
36.0%
/ 50%
1.57%
/ 5%
FINANCIAL SCREEN PASSED*

Financial Highlights

P/E Ratio
13.4
Forward: 7.8
EPS
$14.21
P/B Ratio
2.1
EV/EBITDA
8.6
EV: $18.2B
Revenue
$5.2B
Growth: 11.1%
Beta
1.6
High volatility
Current Ratio
2.7

Profitability

Gross Margin 40.6%
Operating Margin 32.6%
Net Margin 29.3%
Return on Equity (ROE) 17.4%
Return on Assets (ROA) 7.8%

Cash Flow & Balance Sheet

Operating Cash Flow$2.1B
Free Cash Flow$1.2B
Total Debt$655M
Debt-to-Equity6.9
Current Ratio2.7
Total Assets$13.3B

Price & Trading

Last Close$185.83
50-Day MA$217.06
200-Day MA$217.88
Avg Volume2.4M
Beta1.6
52-Week Range
$116.56
$285.99

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-03-29 for the financial period December 2025. This is a secondary data feed and can differ from amended or newly filed statements.

Verification rule: check debt, cash, receivables, revenue and interest income against the latest primary filing before relying on an automated ratio.

About First Solar (FSLR-nyse-8271)

CEO
Mr. Mark R. Widmar
Employees
7,900
Sector
Technology
Industry
Solar
Country
United States
Exchange
NYSE
Market Cap (listing currency)
USD 20420M
Currency
USD

First Solar, Inc., a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally. The company manufactures and sells PV solar modules with thin film semiconductor technology that provides conventional crystalline silicon PV solar modules. It also designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity. The company serves system developers, independent power producers, utilities, commercial and industrial companies, large corporate energy buyers, and other system owners and operators. The company was formerly known as First Solar Holdings, Inc. and changed its name to First Solar, Inc. in 2006. First Solar, Inc. was founded in 1999 and is headquartered in Phoenix, Arizona.

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Frequently Asked Questions

Is First Solar (FSLR-nyse-8271) halal to invest in?

The current automated result is Financial criteria not met or an activity exclusion was detected. It uses available public financial fields and simplified methodology proxies. It is not a fatwa or an official determination by AAOIFI, DJIM, MSCI, S&P, or FTSE.

What is First Solar's debt ratio?

First Solar's debt ratio is 4.9% in the MSCI new-inclusion reproduction: total debt divided by total assets, against a 30% threshold. See the methodology page for the official source and limitations.

What are First Solar's key financial metrics?

First Solar has a market capitalization of USD 20420M in its listing currency, trailing P/E ratio of 13.4, and revenue of $5.2B. The company maintains a gross margin of 40.6% and a net margin of 29.3%. Return on equity stands at 17.4%.

How often is the screening data updated?

Calculation date: 2026-08-31. Financial period: December 2025. These dates are shown separately because regenerating this page does not refresh the underlying data.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.