First Solar

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.
Company Growth (employees)
Tempe, US
Size (employees)
5,400 (est)
First Solar was founded in 2003 and is headquartered in Tempe, US

First Solar Office Locations

First Solar has an office in Tempe
Tempe, US (HQ)
600 350 W Washington St

First Solar Data and Metrics

First Solar Financial Metrics

First Solar's revenue was reported to be $3 b in FY, 2016 which is a 18% decrease from the previous period.

Revenue (FY, 2016)

3 b

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


Gross profit (FY, 2016)

704 m

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

(358 m)

EBIT (FY, 2016)

(502.6 m)

Market capitalization (18-Aug-2017)

5 b

Cash (31-Dec-2016)

1.3 b


3.9 b
First Solar's current market capitalization is $5 b.
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016


3.3 b3.4 b3.6 b3 b

Revenue growth, %


Cost of goods sold

1.8 b2.5 b2.4 b2.6 b2.7 b2.2 b

Gross profit

864 m825.6 m919.3 m704 m

Gross profit Margin, %


R&D expense

124.8 m

General and administrative expense

262 m

Operating expense total

494.2 m402.9 m402.6 m1.2 b


368.5 m424.2 m516.7 m(502.6 m)

EBIT margin, %


Interest expense

100 k13.9 m1.9 m2 m7 m20.5 m

Interest income

16.8 m18 m22.5 m25.2 m

Pre tax profit

378.2 m

Income tax expense

(14.2 m)56.5 m30.1 m31.2 m(6.2 m)(58.2 m)

Net Income

353 m396.9 m546.4 m(358 m)
USDQ2, 2014Q3, 2014


544.4 m889.3 m

Cost of goods sold

451.6 m700 m

Gross profit

92.7 m189.3 m

Gross profit Margin, %


R&D expense

32.7 m37.6 m

General and administrative expense

57.7 m66.5 m

Operating expense total

90.3 m104.1 m


1.9 m83.8 m

EBIT margin, %


Interest expense

(930 k)(89 k)

Interest income

4.5 m4.3 m

Pre tax profit

2.4 m81.3 m

Income tax expense

(2.2 m)(7.1 m)

Net Income

4.5 m88.4 m
USDY, 2008Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016


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

Accounts Receivable

39 k


389 m505.1 m380.4 m363.2 m

Current Assets

3.8 b3.2 b3.3 b3.8 b


1.4 b1.4 b1.3 b629.1 m


85 m85 m85 m14.5 m

Total Assets

6.9 b6.7 b7.3 b6.9 b

Accounts Payable

261.3 m214.7 m337.7 m148.7 m

Total Debt

223.3 m216.9 m289.4 m188.4 m

Current Liabilities

1.6 b1 b960.8 m899.7 m

Total Liabilities

1.7 b

Additional Paid-in Capital

2.6 b2.7 b2.7 b2.8 b

Total Equity

4.5 b5 b5.5 b5.2 b

Debt to Equity Ratio

0 x0 x0.1 x0 x

Debt to Assets Ratio

0 x0 x0 x0 x

Financial Leverage

1.5 x1.3 x1.3 x1.3 x
USDQ2, 2014Q3, 2014


851.3 m622.5 m


385.2 m445.2 m

Current Assets

3.2 b3.3 b


1.4 b1.4 b


85 m85 m

Total Assets

6.6 b6.4 b

Accounts Payable

187.5 m220 m

Current Liabilities

1.2 b918.7 m

Additional Paid-in Capital

2.7 b2.7 b

Total Equity

4.7 b4.8 b

Financial Leverage

1.4 x1.3 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

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

Depreciation and Amortization

257.8 m230.9 m


(39 m)9.6 m

Accounts Payable

143.9 m(191.6 m)

Cash From Operating Activities

856.1 m681 m(360.9 m)206.8 m

Purchases of PP&E

(282.6 m)(257.5 m)(166.4 m)(229.5 m)

Cash From Investing Activities

(537.1 m)(511.9 m)(112.1 m)144.5 m

Long-term Borrowings

(65 m)(60.1 m)(47.1 m)(137.4 m)

Cash From Financing Activities

101.2 m7.4 m137.1 m(136.4 m)

Interest Paid

(9.3 m)(7.6 m)
USDQ2, 2014Q3, 2014

Net Income

4.5 m88.4 m
USDY, 2016


-7.7 x


18.7 x


464.8 k

Financial Leverage

1.3 x

First Solar Market Value History

First Solar Revenue Breakdown

First Solar Median Salaries

Source: 110 public H-1B filings from First Solar

Traffic Overview of First Solar

First Solar Online and Social Media Presence

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