Enphase Energy Inc (ENPH)vsFirst Solar Inc (FSLR)
ENPH
Enphase Energy Inc
$36.35
-1.38%
TECHNOLOGY · Cap: $4.85B
FSLR
First Solar Inc
$209.03
+0.90%
TECHNOLOGY · Cap: $22.92B
Smart Verdict
WallStSmart Research — data-driven comparison
First Solar Inc generates 305% more annual revenue ($5.38B vs $1.33B). FSLR leads profitability with a 32.5% profit margin vs 10.1%. FSLR appears more attractively valued with a PEG of 0.38. FSLR earns a higher WallStSmart Score of 72/100 (B).
ENPH
Buy52
out of 100
Grade: C-
FSLR
Strong Buy72
out of 100
Grade: B
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+14.5%
Fair Value
$56.38
Current Price
$36.35
$20.03 discount
Margin of Safety
+18.2%
Fair Value
$248.36
Current Price
$209.03
$39.33 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Growing faster than its price suggests
Growing faster than its price suggests
Keeps 33 of every $100 in revenue as profit
Strong operational efficiency at 42.6%
Conservative balance sheet, low leverage
Safe zone — low bankruptcy risk
Attractively priced relative to earnings
Areas to Watch
Premium valuation, high expectations priced in
Revenue declined 19.6%
Earnings declined 3.5%
Distress zone — elevated risk
Revenue declined 3.7%
Negative free cash flow — burning cash
Comparative Analysis Report
WallStSmart ResearchBull Case : ENPH
The strongest argument for ENPH centers on PEG Ratio. PEG of 0.84 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 : ENPH
The primary concerns for ENPH are P/E Ratio, Revenue Growth, EPS Growth.
Bear Case : FSLR
The primary concerns for FSLR are Revenue Growth, Free Cash Flow.
Key Dynamics to Monitor
FSLR carries more volatility with a beta of 1.73 — expect wider price swings.
FSLR is growing revenue faster at -3.7% — sustainability is the question.
ENPH generates stronger free cash flow (26M), providing more financial flexibility.
Monitor SOLAR industry trends, competitive dynamics, and regulatory changes.
Bottom Line
FSLR scores higher overall (72/100 vs 52/100), backed by strong 32.5% margins. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.
This analysis is generated from publicly available financial data. Not financial advice.
Enphase Energy Inc
TECHNOLOGY · SOLAR · USA
Enphase Energy is an American energy technology company headquartered in Fremont, California. Enphase designs and manufactures software-driven home energy solutions that span solar generation, home energy storage and web-based monitoring and control.
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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