OverviewSuggest Edit

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.
TypePublic
Founded2003
HQTempe, US
Websitefirstsolar.com
Employee Ratings3.5

Latest Updates

Employees (est.) (Dec 2018)6,400(+57%)
Job Openings84
Revenue (FY, 2018)$2.2 B(-23%)
Share Price (Dec 2019)$52.4 (-1%)

Key People/Management at First Solar

Mark Widmar

Mark Widmar

Director, Chief Executive Officer
Alex Bradley

Alex Bradley

Chief Financial Officer
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 Tempe, Desert Center, Dixon, Houston and in 13 other locations
Tempe, US (HQ)
350 W Washington St #600
Show all (17)

First Solar Financials and Metrics

First Solar Revenue

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First Solar's revenue was reported to be $2.24 b in FY, 2018
USD

Revenue (Q3, 2019)

546.8m

Gross profit (Q3, 2019)

138.4m

Gross profit margin (Q3, 2019), %

25.3%

Net income (Q3, 2019)

30.6m

EBIT (Q3, 2019)

41.3m

Market capitalization (9-Dec-2019)

5.5b

Closing stock price (9-Dec-2019)

52.4

Cash (30-Sept-2019)

879.0m

EV

5.3b
First Solar's current market capitalization is $5.5 b.
USDY, 2019

EV/EBIT

127.6 x

EV/CFO

-8.7 x

Financial Leverage

1.4 x
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First Solar Revenue Breakdown

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

First Solar Online and Social Media Presence

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First Solar News and Updates

Caroline Stockdale Joins First Solar as Chief Human Resources Officer

She replaces Chris Bueter, who will continue in an advisory role until his retirement on April 1, 2020. read more

What Are The Factors Behind First Solar Finally Turning An Operating Profit?

First Solar’s (NASDAQ: FSLR) operating expenses have dropped significantly, from $3.47 billion in 2016 to $2.2 billion in 2018, primarily due to internal restructuring and a drop in cost of goods sold, due to a drop in revenue. First Solar’s revenue dropped from $2.9 billion in 2016...

D. E. Shaw Renewable Investments Acquires Utah Projects from First Solar

180MWAC deal approximately doubles DESRI’s portfolio of First Solar-developed PV projects to over 360MWAC

Why has First Solar Failed To Deliver Returns Over The Last 5 Years, Despite Growing Solar Installations?

First Solar’s (NASDAQ: FSLR) stock has dropped from $68 in September 2014 to $62.80 in September 2019. This drop comes as a surprise, as solar installations have seen steady growth globally, over this period. The fall was driven primarily by a drop in the P/E multiple, a modest drop in revenue,...

On 20th Anniversary, First Solar Sets 25GW Milestone for Cleaner, Thin Film Solar

First Solar, Inc. (Nasdaq: FSLR) is celebrating two decades since its founding in 1999 and 25 gigawatts (GW)DC of photovoltaic (PV) modules shipped, making it the only American solar manufacturing company to achieve this milestone.read more

Comparing Revenues And Key Business Metrics For First Solar And SunPower

First Solar (NASDAQ: FSLR) and SunPower (NASDAQ: SPWR) are two of the leading U.S. solar players, targeting the commercial, residential, and utility-scale markets. Globally, solar energy installations have seen steady growth over the last few years, but the same does not reflect on the revenues ...
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First Solar Frequently Asked Questions

  • When was First Solar founded?

    First Solar was founded in 2003.

  • Who are First Solar key executives?

    First Solar's key executives are Mark Widmar, Alex Bradley and Georges Antoun.

  • How many employees does First Solar have?

    First Solar has 6,400 employees.

  • What is First Solar revenue?

    Latest First Solar annual revenue is $2.2 b.

  • What is First Solar revenue per employee?

    Latest First Solar revenue per employee is $350.6 k.

  • Who are First Solar competitors?

    Competitors of First Solar include SolarEdge, IXYS and Power Integrations.

  • 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, Desert Center, Dixon, Houston and in 13 other locations.

  • How many offices does First Solar have?

    First Solar has 17 offices.