First Solar Inc (FSLR) is undervalued and Nextpower Inc (NXT) is undervalued.
Against our estimates of intrinsic value, FSLR trades at the wider discount: a margin of safety of +69%, against +68% for NXT.
Values as of the 22 Sept 2026 close.
A 12.5x revenue multiple, adjusted for growth and margin, values the shares at $645.98; the price of $200.78 is 69% below that value.
Leak Score 73/100 on 10 of 12 signals
A 10.4x revenue multiple, adjusted for growth and margin, values the shares at $256.58; the price of $82.52 is 68% below that value.
Leak Score 100/100 on 3 of 12 signals
| Metric | FSLR | NXT |
|---|---|---|
| Verdict | Undervalued | Undervalued |
| Price | $200.78 | $82.52 |
| Intrinsic value | $645.98 | $256.58 |
| Margin of safety | +69% | +68% |
| Leak Score | 73/100 (10/12) | 100/100 (3/12) |
| Market cap | $21.6B | $12.5B |
| Revenue growth, 5 years | 14.0% | 24.4% |
| Operating margin | 35.0% | 19.7% |
| Net margin | 32.5% | 16.4% |
| Return on equity | 18.5% | 27.2% |
| Debt to equity | 0.02 | 0.02 |
| P/E | 12.4x | 21.4x |
| Forward P/E | 8.6x | 14.4x |
| P/B | 2.1x | 4.9x |