WallStSmart

Array Technologies Inc (ARRY)vsFirst Solar Inc (FSLR)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

First Solar Inc generates 354% more annual revenue ($5.38B vs $1.19B). FSLR leads profitability with a 32.5% profit margin vs -7.3%. FSLR appears more attractively valued with a PEG of 0.38. FSLR earns a higher WallStSmart Score of 72/100 (B).

ARRY

Hold

40

out of 100

Grade: D

Growth: 2.0Profit: 4.0Value: 5.7Quality: 7.0
Piotroski: 4/9Altman Z: 1.01

FSLR

Strong Buy

72

out of 100

Grade: B

Growth: 6.7Profit: 9.0Value: 8.7Quality: 8.5
Piotroski: 5/9Altman Z: 3.36
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

ARRYOvervalued (-8.7%)

Margin of Safety

-8.7%

Fair Value

$10.21

Current Price

$4.62

$5.59 premium

UndervaluedFair: $10.21Overvalued
FSLRUndervalued (+18.2%)

Margin of Safety

+18.2%

Fair Value

$248.36

Current Price

$209.03

$39.33 discount

UndervaluedFair: $248.36Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ARRY2 strengths · Avg: 9.0/10
Debt/EquityHealth
-3.7310/10

Conservative balance sheet, low leverage

PEG RatioValuation
0.568/10

Growing faster than its price suggests

FSLR6 strengths · Avg: 9.7/10
PEG RatioValuation
0.3810/10

Growing faster than its price suggests

Profit MarginProfitability
32.5%10/10

Keeps 33 of every $100 in revenue as profit

Operating MarginProfitability
42.6%10/10

Strong operational efficiency at 42.6%

Debt/EquityHealth
0.0210/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
3.3610/10

Safe zone — low bankruptcy risk

P/E RatioValuation
13.2x8/10

Attractively priced relative to earnings

Areas to Watch

ARRY4 concerns · Avg: 2.3/10
Market CapQuality
$706.89M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
-25.0%2/10

ROE of -25.0% — below average capital efficiency

Revenue GrowthGrowth
-5.6%2/10

Revenue declined 5.6%

EPS GrowthGrowth
-73.2%2/10

Earnings declined 73.2%

FSLR2 concerns · Avg: 2.0/10
Revenue GrowthGrowth
-3.7%2/10

Revenue declined 3.7%

Free Cash FlowQuality
$-306.22M2/10

Negative free cash flow — burning cash

Comparative Analysis Report

WallStSmart Research

Bull Case : ARRY

The strongest argument for ARRY centers on Debt/Equity, PEG Ratio. PEG of 0.56 suggests the stock is reasonably priced for its growth.

Bull Case : FSLR

The strongest argument for FSLR centers on PEG Ratio, Profit Margin, Operating Margin. Profitability is solid with margins at 32.5% and operating margin at 42.6%. PEG of 0.38 suggests the stock is reasonably priced for its growth.

Bear Case : ARRY

The primary concerns for ARRY are Market Cap, Return on Equity, Revenue Growth.

Bear Case : FSLR

The primary concerns for FSLR are Revenue Growth, Free Cash Flow.

Key Dynamics to Monitor

ARRY profiles as a turnaround stock while FSLR is a declining play — different risk/reward profiles.

ARRY carries more volatility with a beta of 1.79 — expect wider price swings.

FSLR is growing revenue faster at -3.7% — sustainability is the question.

ARRY generates stronger free cash flow (114M), providing more financial flexibility.

Bottom Line

FSLR scores higher overall (72/100 vs 40/100), backed by strong 32.5% margins. Both earn "Strong Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Array Technologies Inc

TECHNOLOGY · SOLAR · USA

Array Technologies, Inc. manufactures and supplies solar tracking systems and related products for customers in the United States and internationally. The company is headquartered in Albuquerque, New Mexico.

First Solar Inc

TECHNOLOGY · SOLAR · USA

First Solar, Inc. offers solar photovoltaic (PV) solutions in the United States, Japan, France, Canada, India, Australia, and internationally. The company is headquartered in Tempe, Arizona.

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