First Solar

First Solar (Nasdaq: FSLR) is a leading global 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)-14%
First Solar was founded in 1999 and is headquartered in Tempe, US

Key People at First Solar

James A. Hughes

James A. Hughes

CEO & Board of Directors
James F. Nolan

James F. Nolan

Independent Director
Richard Chapman

Richard Chapman

Independent Director
Sharon Allen

Sharon Allen

Independent Director
Michael Ahearn

Michael Ahearn

Chairman of the Board of Directors

First Solar Office Locations

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

First Solar Metrics

First Solar Financial Metrics

Revenue (2016)

$3 b

Revenue growth (2015-16), %


Gross profit

$704 m

Gross profit margin (2016), %


Net income (2016)

($358 m)

Market capitalization (21-Mar-2017)

$3.1 b

Closing share price (21-Mar-2017)


Cash (31-Dec-2016)

$1.3 b
First Solar's current market capitalization is $3.1 b.
First Solar's revenue was reported to be $3 b in FY, 2016 which is a 17.5% decrease from the previous period.
FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016


$3.3 b$3.4 b$3.6 b$3 b

Revenue growth, %


Cost of goods sold

$1.4 b$1.8 b$2.5 b$2.4 b$2.6 b$2.7 b$2.2 b

Gross profit

$864 m$825.6 m$919.3 m$704 m

Gross profit Margin, %


Operating expense total

$494.2 m$402.9 m$402.6 m$1.2 b


$368.5 m$424.2 m$516.7 m($502.6 m)

EBIT margin, %


Interest expense

$6 k$100 k$13.9 m$1.9 m$2 m$7 m$20.5 m

Interest income

$16.8 m$18 m$22.5 m$25.2 m

Pre tax profit

$378.2 m

Income tax expense

$97.9 m($14.2 m)$56.5 m$30.1 m$31.2 m($6.2 m)($58.2 m)

Net Income

$353 m$396.9 m$546.4 m($358 m)
Y, 2008Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016


$765.7 m$765.7 m$605.6 m$901.3 m$1.3 b$1.5 b$1.1 b$1.3 b

Accounts Receivable


$389 m$505.1 m$380.4 m$363.2 m

Current Assets

$3.8 b$3.2 b$3.3 b$3.8 b


$1.4 b$1.4 b$1.3 b$629.1 m


$85 m$85 m$85 m$14.5 m

Total Assets

$6.9 b$6.7 b$7.3 b$6.9 b

Accounts Payable

$261.3 m$214.7 m$337.7 m$148.7 m

Total Debt

$223.3 m$216.9 m$289.4 m$188.4 m

Current Liabilities

$1.6 b$1 b$960.8 m$899.7 m

Additional Paid-in Capital

$2.6 b$2.7 b$2.7 b$2.8 b

Total Equity

$4.5 b$5 b$5.5 b$5.2 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
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$353 m$396.9 m$546.4 m($358 m)

Depreciation and Amortization

$257.8 m$230.9 m

Accounts Receivable


($39 m)$9.6 m

Accounts Payable

$143.9 m($191.6 m)

Cash From Operating Activities

$856.1 m$681 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)

Interest Paid

($9.3 m)($7.6 m)

First Solar Market Value History

First Solar Median Salaries

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

First Solar Online Presence

First Solar News

First Solar Company Life

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