EN DE
STOCK COMPARISON

Trina Solar Co vs First Solar: Fair Value & Quality

Both stocks run through our valuation models. Here is how Trina Solar Co (688599) and First Solar (FSLR) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees First Solar as the more attractively valued of the two: Trina Solar Co trades at ¥11.25 versus a fair value of ¥7.97 (-29%), while First Solar trades at $207 versus $392 (+89%).
Trina Solar Co
688599.SHG · CNY · Information Technology
-29%
upside to fair value
overvalued
Price¥11.25
Fair Value¥7.97
Quality33/100
First Solar
FSLR · USD · Information Technology
+89%
upside to fair value
undervalued
Price$207
Fair Value$392
Quality65/100
Get comparisons like this free by email every month: the most undervalued quality stocks.

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Trina Solar CoFirst Solar
Valuation
P/E (TTM)14.7×
0.07×P/S (TTM)4.52×
0.22×P/B2.57×
6.7×EV/EBITDA9.7×
3.47×PEG0.60×
−29.2%Fair value upside+89.0%
3.1%Dividend yield
Profitability
-4%Operating margin33%
EBIT margin trend (5Y)2.76×
-21%Return on equity18%
-3%Return on assets8%
Growth
17%Revenue growth (YoY)24%
-7.3%Avg. growth/yr (3Y)25.8%
18.0%Avg. growth/yr (5Y)14.0%
Value creation/yr+38.9%
Balance & size
Interest coverage (EBIT/interest)38.1×
1.19×Debt / equity0.03×
$5BMarket cap$24B
weakGrowth qualityhealthy

First Solar leads: 4 to 7 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Trina Solar Coof which business quality 32 · market factors 25 First Solarof which business quality 66 · market factors 27
ProfitabilityMargins and returns on capital today
8
56
Quality GrowthAre margins and returns improving?
7
54
CashflowEarnings quality: real cash, not paper profit
24
72
Fin. StrengthBalance sheet, leverage, solvency risk
26
94
InvestmentDisciplined investing over empire-building
77
14
Low VolatilityCalm price path (market factor)
59
11
MomentumPrice trend over the last 3–12 months (market factor)
17
35
52W MomentumDistance to the 52-week high (market factor)
0
32
Net IssuanceBuybacks instead of dilution
81
80

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyTrina Solar CoPrice ¥11.25First SolarPrice $207
DCF Models+113%above the price¥23.97+123%above the price$463
Earnings-Basedn/a+50%above the price$310
Multiples-1%close to the price¥11.12+53%above the price$318
Asset-Based-45%below the price¥6.14-71%below the price$59.47
Growth DCF+112%above the price¥23.85+68%above the price$348
Economic Profitn/a-3%close to the price$202
Growth Earningsn/a+127%above the price$471
Minimum-45%below the price¥6.14-71%below the price$59.47
Maximum+113%above the price¥23.97+127%above the price$471
Median+55%above the price¥17.48+53%above the price$318
Geometric mean+25%above the price¥14.06+27%above the price$264

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Trina Solar Co: 2 of 7 models see the stock below the current price.

First Solar: 3 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Trina Solar Co
Bear ¥4.25Fair Value ¥7.97Bull ¥11.69
¥11.25 = current price (white tick)
First Solar
Bear $224Fair Value $392Bull $485
$207 = current price (white tick)

Compare two other stocks

Tap a field and type again, ticker or company name.

Free, no sign-up

Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Trina Solar Co · Information Technology

Quality score33 · bottom 25%
Fair value upside-29% · below median

First Solar · Information Technology

Quality score65 · Top 25%
Fair value upside+89% · Top 25%

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees First Solar as the more attractively valued of the two: Trina Solar Co trades at ¥11.25 versus a fair value of ¥7.97 (-29%), while First Solar trades at $207 versus $392 (+89%).

First Solar has the higher quality score (65/100).

See the full analysis →

More comparisons

Popular match-ups from the same sectors, all with fair value and quality score.

Free · Top-25 report

See the undervalued quality stocks every month

Just your email for the monthly Top-25 report of the most undervalued quality stocks, with fair value, quality and price target. Plus 14 days of Pro to try, no card.

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click. Not financial advice.

A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.