First Solar (FSLR) Protective Put Calculator

Calculator · free · no signup · FSLR

Price a protective put, zero-cost collar, or put spread on First Solar. Annual cost, max loss, upside cap, tax treatment, auto-filled from current FSLR option chain.

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You priced one hedge. The beta picks the right hedge structure given your full equity stack and tax situation.

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About First Solar

First Solar (FSLR) is a public Hardware company, incorporated in Delaware and headquartered in Phoenix, AZ.

Last close: $174.61 per share (as of 2026-10-03).

Equity grants at First Solar typically include restricted stock units (RSUs).

First Solar, Inc. is an American publicly traded manufacturer of solar panels. First Solar uses rigid thin-film modules for its solar panels, and produces CdTe panels using cadmium telluride (CdTe) as a semiconductor. The predecessor company, Solar Cells, Inc., was founded in 1990 by inventor Harold McMaster. In 1999, Solar Cells, Inc., was purchased by True North Partners, LLC, led by Michael Ahearn, and rebranded as First Solar, Inc.

Source: Wikipedia (CC BY-SA 4.0)

The company traces to a 1984 venture by glass manufacturer Harold McMaster and now makes thin-film cadmium telluride solar modules rather than the crystalline silicon panels most of the industry produces. That choice is the strategy: the process avoids polysilicon supply chains concentrated in China, which turned into a durable advantage once tariffs and forced-labor import rules began constraining competitors. Modules are sold to utility-scale developers under multi-year contracts, so the order backlog extends visibility well beyond a typical manufacturer. Domestic manufacturing credits under recent energy legislation flow directly to earnings. Headquarters are in Phoenix, Arizona.

Sources: sec.gov · en.wikipedia.org

Equity comp at First Solar

  • First Solar's named executive officers have Severance and Employment Continuation Agreements that require both a qualifying change in control and an involuntary or good-reason termination (a double trigger) before change-in-control severance is paid. The 2025 proxy statement confirms this double-trigger design for cash severance under these agreements; equity award (RSU) acceleration is bundled into the same change-in-control arrangements and follows the standard double-trigger structure typical of large-cap issuers, rather than single-trigger acceleration on the change in control alone.
  • Early exercise is not allowed: you have to wait for shares to vest before you can buy them.
  • RSUs use double-trigger vesting. Two things must both happen before the shares are yours: (1) the normal time-based vesting completes, and (2) the company has a liquidity event (an IPO or an acquisition). Until both happen, you do not yet own the shares and you do not owe tax on them.

Researched 2026-08-21.

OptionsAhoy is an independent tool and is not affiliated with, endorsed by, or sponsored by First Solar.

A protective put caps your downside on the FSLR position at a chosen floor; a zero-cost collar pays for that floor by capping the upside. This calculator prices both structures off the current FSLR option chain, with annual cost, max loss, and tax-treatment notes.

Example: a 5,000-share FSLR position at $174.61 is worth $873,050. A 1-year 30%-OTM put on that position typically runs 2-4% of position value per year (about $17,461 to $34,922) before any premium offset from a short call. The calculator prices both structures off FSLR's current option chain so you see the actual cost for your chosen floor, tenor, and cap.

All First Solar tools → · Use the generic Protect Your Stock Calculator for any company.

First Solar equity questions

How much does it cost to hedge FSLR stock?
The cost of a protective put depends on how far below the current price you set the floor, how long the protection lasts, and FSLR's option-implied volatility. A zero-cost collar lowers that cost by selling away some upside. The calculator above prices both structures off the current FSLR option chain and shows the annual cost, maximum loss, and tax treatment.
Does First Solar grant ISOs, NSOs, or RSUs?
Equity compensation at First Solar typically takes the form of restricted stock units (RSUs). Restricted stock units are taxed as ordinary income when they vest.
Does First Solar allow early exercise of stock options?
No. First Solar requires options to vest before you can exercise them, so the holding-period clock for long-term capital-gains treatment starts as each tranche vests and you exercise it.
Do First Solar RSUs use double-trigger vesting?
Yes. First Solar restricted stock units (RSUs) vest only when two things both happen: the time-based schedule completes, and the company has a liquidity event such as an initial public offering (IPO) or an acquisition. Until both occur you do not own the shares and owe no tax on them.
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