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 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.
$, USD

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 (23-Jun-2017)

4.1 b

Closing share price (23-Jun-2017)


Cash (31-Dec-2016)

1.3 b


3 b
First Solar's current market capitalization is $4.1 b.
$, USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016


3.3 b3.4 b3.6 b3 b

Revenue growth, %


Cost of goods sold

1.4 b1.8 b2.5 b2.4 b2.6 b2.7 b2.2 b

Gross profit

864 m825.6 m919.3 m704 m

Gross profit Margin, %


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

6 k100 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

97.9 m(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)
$, 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


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

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
$, 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)
$, USDY, 2016


-5.9 x


14.4 x


464.8 k

Financial Leverage

1.3 x

First Solar Market Value History

First Solar Median Salaries

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

First Solar Online and Social Media Presence

First Solar News and Updates

First Solar Company Life and Culture

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