FSLR vs. NVT
FSLR (First Solar, Inc.) and NVT (nVent Electric plc) are both stocks. FSLR operates in Solar (Technology), while NVT operates in Electrical Equipment & Parts (Industrials). Over the past 5 years, FSLR returned 19.74%/yr vs 40.99%/yr for NVT. At a 0.35 correlation, their price movements are largely independent.
Performance
FSLR vs. NVT - Performance Comparison
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Returns By Period
In the year-to-date period, FSLR achieves a -12.79% return, which is significantly lower than NVT's 58.14% return.
FSLR
- 1D
- -0.29%
- 1M
- -15.98%
- 6M
- -4.54%
- YTD
- -12.79%
- 1Y
- 40.25%
- 3Y*
- 6.31%
- 5Y*
- 19.74%
- 10Y*
- 17.10%
NVT
- 1D
- 1.69%
- 1M
- -2.31%
- 6M
- 53.03%
- YTD
- 58.14%
- 1Y
- 116.38%
- 3Y*
- 47.35%
- 5Y*
- 40.99%
- 10Y*
- —
FSLR vs. NVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FSLR First Solar, Inc. | -12.79% | 48.22% | 2.30% | 15.01% | 71.86% | -11.89% | 76.77% | 31.81% | -40.13% |
NVT nVent Electric plc | 58.14% | 51.27% | 16.63% | 55.98% | 3.32% | 67.15% | -5.68% | 17.24% | 7.52% |
Correlation
The correlation between FSLR and NVT is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since May 1, 2018 | 0.35 |
The correlation between FSLR and NVT shifts across timeframes, from 0.35 (all time) to 0.50 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
FSLR:
$24.48B
NVT:
$25.99B
FSLR:
$15.48
NVT:
$2.99
FSLR:
14.72
NVT:
53.67
FSLR:
0.35
NVT:
1.29
FSLR:
4.52
NVT:
6.10
FSLR:
2.48
NVT:
6.94
FSLR:
$5.42B
NVT:
$4.33B
FSLR:
$2.26B
NVT:
$1.60B
FSLR:
$2.15B
NVT:
$857.60M
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Return for Risk
FSLR vs. NVT — Risk / Return Rank
FSLR
NVT
FSLR vs. NVT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Solar, Inc. (FSLR) and nVent Electric plc (NVT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FSLR | NVT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.81 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.41 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 6.74 | -5.65 |
| Martin ratioReturn relative to average drawdown | 2.17 | 20.34 | -18.16 |
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Drawdowns
FSLR vs. NVT - Drawdown Comparison
The maximum FSLR drawdown since its inception was -96.22%, which is greater than NVT's maximum drawdown of -56.18%. Use the drawdown chart below to compare losses from any high point for FSLR and NVT.
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Drawdown Indicators
| FSLR | NVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.22% | -56.18% | -40.04% |
Max Drawdown (1Y)Largest decline over 1 year | -35.10% | -17.46% | -17.64% |
Max Drawdown (3Y)Largest decline over 3 years | -59.97% | -46.67% | -13.30% |
Max Drawdown (5Y)Largest decline over 5 years | -59.97% | -46.67% | -13.30% |
Max Drawdown (10Y)Largest decline over 10 years | -61.26% | — | — |
Current DrawdownCurrent decline from peak | -28.41% | -12.81% | -15.60% |
Average DrawdownAverage peak-to-trough decline | -63.05% | -11.80% | -51.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.53% | 5.77% | +11.76% |
Volatility
FSLR vs. NVT - Volatility Comparison
The current volatility for First Solar, Inc. (FSLR) is 15.11%, while nVent Electric plc (NVT) has a volatility of 17.61%. This indicates that FSLR experiences smaller price fluctuations and is considered to be less risky than NVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSLR | NVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.11% | 17.61% | -2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 39.86% | 33.72% | +6.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.00% | 43.68% | +10.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.12% | 36.58% | +17.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.78% | 38.71% | +12.07% |
Dividends
FSLR vs. NVT - Dividend Comparison
FSLR has not paid dividends to shareholders, while NVT's dividend yield for the trailing twelve months is around 0.51%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FSLR First Solar, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NVT nVent Electric plc | 0.51% | 0.78% | 1.12% | 1.18% | 1.82% | 1.84% | 3.01% | 2.74% | 1.56% |
Financials
FSLR vs. NVT - Financials Comparison
This section allows you to compare key financial metrics between First Solar, Inc. and nVent Electric plc. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
FSLR vs. NVT - Profitability Comparison
FSLR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, First Solar, Inc. reported a gross profit of 486.13M and revenue of 1.04B. Therefore, the gross margin over that period was 46.6%.
NVT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, nVent Electric plc reported a gross profit of 445.60M and revenue of 1.24B. Therefore, the gross margin over that period was 35.9%.
FSLR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, First Solar, Inc. reported an operating income of 345.30M and revenue of 1.04B, resulting in an operating margin of 33.1%.
NVT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, nVent Electric plc reported an operating income of 195.70M and revenue of 1.24B, resulting in an operating margin of 15.8%.
FSLR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, First Solar, Inc. reported a net income of 346.62M and revenue of 1.04B, resulting in a net margin of 33.2%.
NVT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, nVent Electric plc reported a net income of 142.40M and revenue of 1.24B, resulting in a net margin of 11.5%.
Frequently Asked Questions
FSLR and NVT have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVT has higher volatility (17.61%) compared to FSLR (15.11%). In terms of maximum drawdown, FSLR dropped -96.22% vs NVT's -56.18%.
NVT currently has the higher Sharpe Ratio (2.69 vs 0.71), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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