First Solar is a provider of comprehensive photovoltaic (PV) solar systems which use its advanced thin-film modules. The Company’s integrated power plant solutions deliver an economically attractive alternative to fossil-fuel electricity generation today. From raw material sourcing through end-of-life module collection and recycling, First Solar’s renewable energy systems protect and enhance the environment.
Type
Public
HQ
Tempe, US
Founded
2003
Size (employees)
5,400 (est)
First Solar was founded in 2003 and is headquartered in Tempe, US
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Key People/Management at First Solar

Mark Widmar

Mark Widmar

CEO, Director - Director Since 2016
Alex Bradley

Alex Bradley

CFO
Georges Antoun

Georges Antoun

Chief Commercial Officer
Philip Tymen deJong

Philip Tymen deJong

Chief Operations Officer
Raffi Garabedian

Raffi Garabedian

Chief Technology Officer
Paul Kaleta

Paul Kaleta

Executive Vice President, General Counsel
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First Solar Office Locations

First Solar has offices in Sydney, Mumbai, Santa Clara, Dixon and in 13 other locations
Tempe, US (HQ)
600 350 W Washington St
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First Solar Financials and Metrics

First Solar Financials

First Solar's revenue was reported to be $2.95 b in FY, 2016 which is a 17.5% decrease from the previous period.
USD

Revenue (FY, 2016)

3 b

Revenue growth (FY, 2015 - FY, 2016), %

(17.5%)

Gross profit (FY, 2016)

704 m

Gross profit margin (FY, 2016), %

23.9%

Net income (FY, 2016)

(358 m)

EBIT (FY, 2016)

(502.6 m)

Market capitalization (22-Jun-2018)

5.5 b

Closing share price (22-Jun-2018)

52.7

Cash (31-Dec-2016)

1.3 b

EV

4.4 b
First Solar's current market capitalization is $5.5 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

3.3 b3.4 b3.6 b3 b

Revenue growth, %

3%6%(18%)

Cost of goods sold

2.4 b2.6 b2.7 b2.2 b

Gross profit

864 m825.6 m919.3 m704 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014

Revenue

1.3 b950.2 m544.4 m889.3 m

Cost of goods sold

901.6 m713.4 m451.6 m700 m

Gross profit

364 m236.7 m92.7 m189.3 m

Gross profit Margin, %

29%25%17%21%
Annual
usdY, 2008Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

765.7 m765.7 m605.6 m901.3 m1.3 b1.5 b1.1 b1.3 b

Accounts Receivable

39 k

Inventories

389 m505.1 m380.4 m363.2 m

Current Assets

3.8 b3.2 b3.3 b3.8 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014

Cash

1.2 b975.2 m851.3 m622.5 m

Inventories

311.7 m387.1 m385.2 m445.2 m

Current Assets

3.6 b3 b3.2 b3.3 b

PP&E

1.4 b1.4 b1.4 b1.4 b
Annual
usdFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

353 m396.9 m546.4 m(358 m)

Depreciation and Amortization

257.8 m230.9 m

Inventories

(39 m)9.6 m

Accounts Payable

143.9 m(191.6 m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014

Net Income

195 m112 m4.5 m88.4 m
USDY, 2016

EV/EBIT

-8.7 x

EV/CFO

21.1 x

Revenue/Employee

464.8 k

Financial Leverage

1.3 x
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First Solar Revenue Breakdown

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First Solar revenue breakdown by business segment: 49.7% from Systems and 50.3% from Components

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First Solar Online and Social Media Presence

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First Solar News and Updates

Solar PV Tracker Market Analysis, Market Size, Regional Outlook, Competitive Strategies and Forecasts, 2017 To 2021, Focusing On Top Key Vendors: Arctech, Array Technologies, Convert Italia, First Solar, NEXTracker.

The Global Solar PV Tracker Market Report includes a comprehensive analysis of the present market. The report starts with the basic Solar PV Tracker Market overview and then goes into each and every detail. Posted via Industry Today. Follow us on Twitter @IndustryToday

First Solar Starts Off 2018 With A Bang

Leading US solar manufacturer First Solar published its first-quarter earnings report late last month, depicting a strong start to the year with increased sales of $567 million and the commencement of Series 6 module production in April which, in turn, led to the company's announcement of a new sola…

In A Win For The Robots, First Solar To Open New US Factory

How Trump's new solar tariff enabled First Solar to leverage its thin film PV technology over the competition, company plans gigantic new factory in Ohio
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