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Stock Comparison · Structural lead, mixed market

Fresnillo vs First Solar: Which Stock Looks Stronger in 2026?

Fresnillo holds the cleaner structural position, with the lead spread across profitability and growth. First Solar still has the edge on valuation, which keeps the comparison from looking entirely one-sided. The market setup is mixed, without a decisive signal in either direction. The market is not adding a decisive signal either way — the structural read carries the weight.

The comparison is based on similar long-term financial trajectories, not sector labels. Peer scores are normalised within each company's primary universe (FRES.L: STOXX 600, FSLR: S&P 500).

Updated 2026-05-17

The clearest separation starts in profitability, but growth adds another real layer to the result. The overall score gap is 15 points in favour of Fresnillo plc.

Trajectory Similarity
0.61
Moderately similar
Peer-set rank: #9
within Fresnillo plc's functional peer set

These two companies are linked by measured long-term financial trajectory similarity within the selected peer universe.

The pair shares a valid long-term profile match, but the trajectories are not especially close.

The match is driven mainly by margin trend and revenue growth trajectory.

Similarity drivers
margin trendrevenue growth trajectory
What reduces the match
investment intensity
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
FRES.L
Fresnillo plc
78
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600
vs
FSLR
First Solar, Inc.
63
Peer-Score
Signal qualitylow
Peer basis: S&P 500

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: FRES.L vs FSLR Profitability 100 60 Stability 56 43 Valuation 59 83 Growth 97 60 FRES.L FSLR
Gap Ranking
#1 Profitability +40
#2 Growth +37
#3 Valuation +24
#4 Stability +13
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for FRES.L and FSLR Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer FRES.LFSLR Relative valuation Structural strength

The setup splits cleanly: structure favours Fresnillo plc, while the price setup favours First Solar, Inc..

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Profitability
Both rank well on profitability, but Fresnillo plc still holds a clear edge.
Growth
On growth, the same pattern holds: both are strong, but Fresnillo plc still leads clearly.
Profitability — Dominant Gap
FRES.L
100
FSLR
60
Gap+40in favour of FRES.L

The profitability lead is mainly driven by a 21.6-point operating margin advantage.

What keeps the gap from being one-sided

Absolute pricing still looks more supportive for First Solar, with a forward P/E that is 3.8 turns lower there.

What this means for the comparison

The lead is built on both profitability and growth — though valuation still provides a counterweight.

Explore full peer positioning in AssetNext

Break down the FRES.L vs FSLR comparison across all dimensions with the full interactive tool.

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Other comparisons with conflicting dimension signals

Explore how FRES.L and FSLR each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.