FSLR correlations (First Solar)
FSLR measured against 4756 US stocks and ETFs: closest co-movers on one side, the best offsets on the other, all from weekly returns.
Data as of 2026-08-27 · refreshed every trading day · Information Technology · Semiconductors
Volatility (ann.)
56.2%
3y weekly
Beta vs S&P 500
1.14
3y weekly
1-year return
+9.9%
price, adjusted
5-year return
+119.6%
price, adjusted
Market cap
$22.6B
latest
P/E ratio
12.7
trailing
Max drawdown
-60.0%
3y, daily closes
FSLR over the last 12 months, weekly closes indexed to 100 at the start.
Stocks and ETFs most correlated with FSLR
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| TAN | Invesco Solar ETF | 0.77 | |
| ICLN | iShares Global Clean Energy ETF | 0.72 | |
| RUN | Sunrun Inc. | 0.66 | |
| NXT | Nextpower Inc. | 0.58 | |
| ARRY | Array Technologies, Inc. | 0.57 | |
| AMRC | Ameresco, Inc. | 0.55 | |
| CSIQ | Canadian Solar Inc. | 0.51 | |
| SHLS | Shoals Technologies Group, Inc. | 0.47 | |
| BLDP | Ballard Power Systems, Inc. | 0.46 | |
| ENPH | Enphase Energy, Inc. | 0.45 | |
| SEDG | SolarEdge Technologies, Inc. | 0.44 | |
| SPCE | Virgin Galactic Holdings, Inc. | 0.42 | |
| ASPN | Aspen Aerogels, Inc. | 0.42 | |
| QCOM | Qualcomm | 0.42 | |
| LUCY | Innovative Eyewear, Inc. | 0.41 |
Best diversifiers for FSLR
These are the assets whose returns had the least to do with FSLR's, historically the most independent picks in our universe.
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| FNGD | MicroSectors FANG Index -3X Inverse Leveraged ETNs due | -0.25 | |
| RSG | Republic Services | -0.25 | |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.24 | |
| AJG | Arthur J. Gallagher & Co. | -0.23 | |
| WM | Waste Management | -0.23 | |
| AON | Aon plc | -0.22 | |
| MRSH | Marsh McLennan | -0.21 | |
| PGR | Progressive Corporation | -0.21 | |
| INLX | Intellinetics, Inc. | -0.20 | |
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | -0.19 |
FSLR vs benchmarks
FSLR vs its peers
Get FSLR data as JSON
$ curl https://www.pairbook.io/api/v1/symbols/fslr.jsonCorrelations, diversifiers, beta and volatility for FSLR, plus one endpoint per pair. API documentation.
