First Solar, Inc. vs Iris Energy Limited — how do they compare? First Solar, Inc. trades at $212.87 (market cap $24.05B), while Iris Energy Limited trades at $35.38 (market cap $13.68B). The key difference: First Solar, Inc. is the larger of the two by market cap. Which is the better fit depends on your goals.
| FSLR | IREN | |
|---|---|---|
Market Cap | $24.05B | $13.68B |
Sector | Technology | Energy |
52-Week High | $318.30 | $76.41 |
52-Week Low | $166.82 | $15.40 |
Enterprise Value | $22.21B | $15.43B |
Signals from Pluang's Aura AI — not financial advice
First Solar (FSLR) trades at $213.15, down 3.37% amid bearish technical signals and class action lawsuit headlines. The stock shows strong fundamentals with a P/E of 14.46, net income margin of 30.73%, and robust cash flow growth, though recent earnings misses and legal overhangs weigh on sentiment. Revenue climbed to $5.22B in 2025, with projected growth to $5.4B in 2026, supported by expanding operating cash flows.
The outlook balances solid profitability and analyst bullishness (60% buy ratings, $275.17 target) against near-term legal risks and technical weakness. Upside hinges on lawsuit resolution and execution of growth forecasts, while downside risks include prolonged litigation and competitive pressures in solar tech.
IREN is trading at $34.77, down 9.9% in the last 24 hours amid bearish technical signals. The stock shows mixed fundamentals with strong revenue growth projections ($757M for 2026) but recent earnings misses and negative ROE/ROA. Analyst sentiment remains predominantly bullish with a $79.11 consensus price target, though technical indicators suggest near-term pressure with support at $35.
The outlook hinges on IREN's transformation from Bitcoin mining to AI infrastructure execution. While contracted ARR targets and AI cloud growth present upside, risks include competitive threats from Meta's cloud plans and recent governance concerns. Current valuation multiples appear elevated relative to profitability metrics.
Trailing returns across standard periods
Latest headlines on both assets
First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world's largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, the United States, and a new factory under construction in India.
Read more on FSLR →Iris Energy is a next-generation data center company that powers Bitcoin mining and AI workloads using 100% renewable energy. It focuses on building sustainable infrastructure for the global digital economy.
Read more on IREN →