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FSLR vs. ENPH
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Correlation

The correlation between FSLR and ENPH is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Performance

FSLR vs. ENPH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Solar, Inc. (FSLR) and Enphase Energy, Inc. (ENPH). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

FSLR:

-0.13

ENPH:

-0.87

Sortino Ratio

FSLR:

0.38

ENPH:

-1.28

Omega Ratio

FSLR:

1.04

ENPH:

0.85

Calmar Ratio

FSLR:

-0.07

ENPH:

-0.65

Martin Ratio

FSLR:

-0.12

ENPH:

-1.37

Ulcer Index

FSLR:

37.72%

ENPH:

41.65%

Daily Std Dev

FSLR:

63.87%

ENPH:

65.44%

Max Drawdown

FSLR:

-96.22%

ENPH:

-95.97%

Current Drawdown

FSLR:

-42.64%

ENPH:

-85.00%

Fundamentals

Market Cap

FSLR:

$19.97B

ENPH:

$6.52B

EPS

FSLR:

$11.77

ENPH:

$1.09

PE Ratio

FSLR:

15.82

ENPH:

45.62

PEG Ratio

FSLR:

0.45

ENPH:

0.60

PS Ratio

FSLR:

4.69

ENPH:

4.58

PB Ratio

FSLR:

2.44

ENPH:

7.81

Total Revenue (TTM)

FSLR:

$4.26B

ENPH:

$1.42B

Gross Profit (TTM)

FSLR:

$1.85B

ENPH:

$678.42M

EBITDA (TTM)

FSLR:

$1.73B

ENPH:

$258.01M

Returns By Period

In the year-to-date period, FSLR achieves a 1.26% return, which is significantly higher than ENPH's -26.62% return. Over the past 10 years, FSLR has underperformed ENPH with an annualized return of 12.47%, while ENPH has yielded a comparatively higher 17.17% annualized return.


FSLR

YTD

1.26%

1M

43.48%

6M

-6.30%

1Y

-8.30%

5Y*

35.39%

10Y*

12.47%

ENPH

YTD

-26.62%

1M

-2.61%

6M

-15.32%

1Y

-56.87%

5Y*

-2.90%

10Y*

17.17%

*Annualized

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Risk-Adjusted Performance

FSLR vs. ENPH — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FSLR
The Risk-Adjusted Performance Rank of FSLR is 4646
Overall Rank
The Sharpe Ratio Rank of FSLR is 4444
Sharpe Ratio Rank
The Sortino Ratio Rank of FSLR is 4747
Sortino Ratio Rank
The Omega Ratio Rank of FSLR is 4545
Omega Ratio Rank
The Calmar Ratio Rank of FSLR is 4646
Calmar Ratio Rank
The Martin Ratio Rank of FSLR is 4848
Martin Ratio Rank

ENPH
The Risk-Adjusted Performance Rank of ENPH is 99
Overall Rank
The Sharpe Ratio Rank of ENPH is 77
Sharpe Ratio Rank
The Sortino Ratio Rank of ENPH is 88
Sortino Ratio Rank
The Omega Ratio Rank of ENPH is 1010
Omega Ratio Rank
The Calmar Ratio Rank of ENPH is 1010
Calmar Ratio Rank
The Martin Ratio Rank of ENPH is 1010
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FSLR vs. ENPH - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for First Solar, Inc. (FSLR) and Enphase Energy, Inc. (ENPH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


The current FSLR Sharpe Ratio is -0.13, which is higher than the ENPH Sharpe Ratio of -0.87. The chart below compares the historical Sharpe Ratios of FSLR and ENPH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

FSLR vs. ENPH - Dividend Comparison

Neither FSLR nor ENPH has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

FSLR vs. ENPH - Drawdown Comparison

The maximum FSLR drawdown since its inception was -96.22%, roughly equal to the maximum ENPH drawdown of -95.97%. Use the drawdown chart below to compare losses from any high point for FSLR and ENPH. For additional features, visit the drawdowns tool.


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Volatility

FSLR vs. ENPH - Volatility Comparison

First Solar, Inc. (FSLR) has a higher volatility of 29.07% compared to Enphase Energy, Inc. (ENPH) at 25.60%. This indicates that FSLR's price experiences larger fluctuations and is considered to be riskier than ENPH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Financials

FSLR vs. ENPH - Financials Comparison

This section allows you to compare key financial metrics between First Solar, Inc. and Enphase Energy, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


0.00500.00M1.00B1.50B20212022202320242025
844.57M
356.08M
(FSLR) Total Revenue
(ENPH) Total Revenue
Values in USD except per share items

FSLR vs. ENPH - Profitability Comparison

The chart below illustrates the profitability comparison between First Solar, Inc. and Enphase Energy, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

Gross Margin
Operating Margin
Net Margin
Quarterly
Annual

0.0%10.0%20.0%30.0%40.0%50.0%20212022202320242025
40.8%
47.3%
(FSLR) Gross Margin
(ENPH) Gross Margin
FSLR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, First Solar, Inc. reported a gross profit of 344.40M and revenue of 844.57M. Therefore, the gross margin over that period was 40.8%.

ENPH - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Enphase Energy, Inc. reported a gross profit of 168.24M and revenue of 356.08M. Therefore, the gross margin over that period was 47.3%.

FSLR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, First Solar, Inc. reported an operating income of 221.24M and revenue of 844.57M, resulting in an operating margin of 26.2%.

ENPH - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Enphase Energy, Inc. reported an operating income of 31.92M and revenue of 356.08M, resulting in an operating margin of 9.0%.

FSLR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, First Solar, Inc. reported a net income of 209.54M and revenue of 844.57M, resulting in a net margin of 24.8%.

ENPH - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Enphase Energy, Inc. reported a net income of 29.73M and revenue of 356.08M, resulting in a net margin of 8.4%.