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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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 (20-Apr-2018)

7.9 b

Cash (31-Dec-2016)

1.3 b

EV

6.7 b
First Solar's current market capitalization is $7.9 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

-13.4 x

EV/CFO

32.5 x

Revenue/Employee

464.8 k

Financial Leverage

1.3 x
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First Solar News and Updates

BRIEF-Farhad Fred Ebrahimi Reports A 5.09 Pct Stake In First Solar As Of March 29

* FARHAD FRED EBRAHIMI REPORTS A 5.09 PCT STAKE IN FIRST SOLAR INC AS OF MARCH 29 - SEC FILING

First Solar Increases 2018 Shipment Guidance After Section 201 Increased Demand

American solar PV manufacturer First Solar announced this week that it would be raising its shipping guidance for Full Year 2018 after the Section 201 case increased demand and excluded the company's Series 4 modules from the 30% tariff. 

First Solar CEO Mark Widmar Floats US Manufacturing Expansion For Series 6

Talking to investors in its Q4 2017 Earnings Call on February 22, First Solar CEO Mark Widmar floated the possibility of expanding the company's US manufacturing capacity as a direct result of Donald Trump's corporate tax reforms. 

First Solar Reports Mixed Results, Booked Out Until 2020

US-based solar manufacturer First Solar announced its Fourth Quarter and Full Year 2017 financial results late last week and it was a mixed bag of results, beating earnings expectations but missing on revenue while taking a multi-million dollar hit due to US tax reform. 

First Solar To Build 200 Megawatt Solar Project In Georgia, The Largest In Southeast US

Leading American solar manufacturer First Solar has announced this week it will proceed with the development and construction of a 200 megawatt solar farm in Twiggs County, Georgia, which was first awarded to the company as part of a 525 megawatt Request for Proposals by Georgia Power's Renewable En…

Australia’s First Solar Farm Co-Located With Wind Formally Opened

Australia’s first large-scale solar farm co-located with a wind farm was formally opened this month, the first of more than a dozen projects likely to follow suit within the next few years
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