OverviewSuggest Edit

First Solar is a provider of photovoltaic (PV) solar energy solutions. The company operates in two segments, Modules and Systems. The Modules segment designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity to integrators and operators of PV solar power systems. The Systems segment provides power plant solutions, such as project development; engineering, procurement, and construction; and operating and maintenance services to utilities, independent power producers, commercial and industrial companies, and other system owners.
TypePublic
Founded1999
HQTempe, US
Websitefirstsolar.com
Employee Ratings4

Latest Updates

Employees (est.) (Dec 2019)6,600(+4%)
Job Openings60
Revenue (FY, 2019)$3.1 B(+37%)
Share Price (Oct 2020)$83.7
Cybersecurity ratingCMore

Key People/Management at First Solar

Raffi Garabedian

Raffi Garabedian

Chief Technology Officer
Georges Antoun

Georges Antoun

Chief Commercial Officer
Caroline Stockdale

Caroline Stockdale

Executive Vice President, Human Resources and Communications
Mark Widmar

Mark Widmar

Director
Alex Bradley

Alex Bradley

Chief Financial Officer
Philip Tymen deJong

Philip Tymen deJong

Chief Operations Officer
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First Solar Office Locations

First Solar has offices in Tempe, Bridgewater Township, Houston, Perrysburg and in 13 other locations
Tempe, US (HQ)
350 W Washington St #600
Bridgewater Township, US
400 Crossing Blvd 5th floor
Houston, US
11757 Katy Fwy #400
Perrysburg, US
28101 Cedar Park Blvd
San Francisco, US
135 Main St 6th floor, San Francisco
Sydney, AU
level 3/16 Spring St
Show all (17)

First Solar Financials and Metrics

First Solar Revenue

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First Solar's revenue was reported to be $3.06 b in FY, 2019 which is a 36.5% increase from the previous period.
USD

Revenue (Q2, 2020)

642.4m

Gross profit (Q2, 2020)

137.5m

Gross profit margin (Q2, 2020), %

21.4%

Net income (Q2, 2020)

36.9m

EBIT (Q2, 2020)

50.9m

Market capitalization (14-Oct-2020)

8.9b

Closing stock price (14-Oct-2020)

83.7

Cash (30-Jun-2020)

1.1b

EV

8.5b
First Solar's current market capitalization is $8.9 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

2.9b2.2b3.1b

Revenue growth, %

(24%)36%

Cost of goods sold

2.4b1.9b2.5b

Gross profit

548.9m392.2m549.2m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

567.3m309.3m676.2m532.0m585.0m546.8m532.1m642.4m

Cost of goods sold

394.5m317.4m547.1m531.9m507.8m408.4m441.8m505.0m

Gross profit

172.8m(8.1m)129.1m112.0k77.2m138.4m90.3m137.5m

Gross profit Margin, %

30%(3%)19%0%13%25%17%21%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

2.3b1.4b1.4b

Accounts Receivable

211.8m128.3m475.0m

Prepaid Expenses

157.9m243.1m276.5m

Inventories

172.4m387.9m443.5m
Quarterly
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

(165.6m)144.3m(114.9m)

Depreciation and Amortization

115.3m130.7m205.5m

Accounts Payable

(47.2m)96.4m(336.0k)

Cash From Operating Activities

1.3b(326.8m)174.2m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

83.0m34.5m92.2m(67.6m)(86.1m)(55.5m)90.7m127.6m

Depreciation and Amortization

24.4m54.8m89.2m48.9m98.8m150.0m56.3m113.9m

Accounts Payable

1.9m22.6m28.6m(15.1m)5.5m(532.0k)(38.2m)(43.5m)

Cash From Operating Activities

(45.3m)83.9m(141.3m)(303.4m)(289.9m)(607.5m)(504.9m)(357.1m)
USDFY, 2017

EV/EBIT

29.1 x

EV/CFO

3.9 x

Revenue/Employee

717.4k

Debt/Equity

0.1 x

Debt/Assets

0.1 x

Financial Leverage

1.3 x
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First Solar Cybersecurity Score

Cybersecurity ratingPremium dataset

C

74/100

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First Solar Revenue Breakdown

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First Solar revenue breakdown by business segment: 52.3% from Systems and 47.7% from Modules

First Solar Online and Social Media Presence

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First Solar News and Updates

First Solar, Inc. to Announce Third Quarter 2020 Financial Results on October 27, 2020

TEMPE, Ariz., Oct. 13, 2020 (GLOBE NEWSWIRE) -- First Solar, Inc. (NASDAQ: FSLR) will report financial results for the third quarter ended September 30, 2020, after the market closes on Tuesday, October 27, 2020. The Company will hold its quarterly conference call to discuss these results and its …

Pure Harvest Corporate Group Announces Opening of its First Solar Powered Dispensary

Denver, CO, Sept. 17, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Pure Harvest Corporate Group, Inc. (OTC: PHCG), an emerging cannabis and hemp-CBD holding company, is pleased to announce its wholly-owned subsidiary, Sofa King Medicinal Wellness Products, LLC (“SKM”), has implemented solar, stora…

First Solar Announces Pricing of Secondary Offering of Common Stock

TEMPE, Ariz., Sept. 17, 2020 (GLOBE NEWSWIRE) --  First Solar, Inc. (Nasdaq: FSLR) (“First Solar” or the “Company”) today announced the pricing of its previously announced registered secondary offering of 8,649,074 shares, or approximately 8.2%, of the Company’s outstanding common stock at a price…

Roof Solar Photovoltaic Installation Market Future Outlook - Jinko Solar, Trina Solar, Canadian Solar, JA Solar, Hanwha, First Solar, Yingli, SunPower, Sharp, Solarworld, Eging PV, Risen

WiseGuyRerports.com Presents “Global Roof Solar Photovoltaic Installation Market Insights and Forecast to 2026” New Document to its Studies Database Posted via Industry Today. Follow us on Twitter @IndustryToday

First Solar Japan and Toshiba start construction of two Mega Solar Projects "Yatsubo Solar Power Plant and Ikeda Solar Power Plant" in Tochigi Prefecture

First Solar Japan and Toshiba Energy Systems & Solutions Corporation (hereinafter “Toshiba ESS”) has signed a contract to construct two mega solar projects, Yatsubo Solar Power Plant and Ikeda Solar Power Plant in Tochigi Prefecture, Nasu area, Eastern Japan.read more

First Solar Stock Too Expensive At $80?

After a 2.6x rise since its low in March, at the current price around $80 per share we believe First Solar stock has reached its near term potential. The stock is 33% higher than the level it was at before the drop in March, but, in reality, demand and revenues will likely be affected this year...
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First Solar Frequently Asked Questions

  • When was First Solar founded?

    First Solar was founded in 1999.

  • Who are First Solar key executives?

    First Solar's key executives are Raffi Garabedian, Georges Antoun and Caroline Stockdale.

  • How many employees does First Solar have?

    First Solar has 6,600 employees.

  • What is First Solar revenue?

    Latest First Solar annual revenue is $3.1 b.

  • What is First Solar revenue per employee?

    Latest First Solar revenue per employee is $464.1 k.

  • Who are First Solar competitors?

    Competitors of First Solar include Sungrow, Hanwha Q CELLS and Risen Energy.

  • Where is First Solar headquarters?

    First Solar headquarters is located at 350 W Washington St #600, Tempe.

  • Where are First Solar offices?

    First Solar has offices in Tempe, Bridgewater Township, Houston, Perrysburg and in 13 other locations.

  • How many offices does First Solar have?

    First Solar has 17 offices.