Buy Or Sell Opportunity • 2h
Now 23% undervalued Over the last 90 days, the stock has risen 17% to €200. The fair value is estimated to be €260, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 47%. For the next 3 years, revenue is forecast to grow by 7.5% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Annuncio • Jun 27
Pomerantz LLP Files Class Action Lawsuit Against First Solar Inc. and Certain Officers Pomerantz LLP announced that a class action lawsuit has been filed against First Solar, Inc. and certain officers. The class action, filed in the United States District Court for the Eastern District of New York, and docketed under 26-cv-03787, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired First Solar securities between February 26, 2025 and February 24, 2026, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials. At the outset of the Class Period, Defendants announced that First Solar would reduce production output of Series 6 modules at facilities in Malaysia and Vietnam in 2025, to account for circumstances including, inter alia, an uncertain U.S. policy environment following the 2024 U.S. elections, and a supply and demand imbalance for Southeast Asian product. Notwithstanding these circumstances, First Solar reassured investors that its primary market, the United States, enjoyed stable module prices. The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: Defendants had overstated First Solar's capacity to manage the impact of U.S. tariff policy on the Company's business; Defendants understated the extent to which its responses to U.S. tariff policy, including the intentional underutilization of production facilities in Malaysia and Vietnam, and attempted relocation of production to the U.S., were likely to negatively impact First Solar's projected performance in the 2026 fiscal year; and as a result, Defendants' public statements were materially false and misleading at all relevant times. Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €218, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 41x in the Semiconductor industry in Germany. Total returns to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €219 per share. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €234, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 42x in the Semiconductor industry in Germany. Total returns to shareholders of 24% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €242 per share. Annuncio • May 02
First Solar, Inc. Reaffirms Earnings Guidance for the Fiscal Year 2026 First Solar, Inc. reaffirmed earnings guidance for the fiscal year 2026. For the year, the company expects Volume to be Sold 17.0GW to 18.2GW and net sales to be $4.9 billion to $5.2 billion. Reported Earnings • May 02
First quarter 2026 earnings released: EPS: US$3.23 (vs US$1.96 in 1Q 2025) First quarter 2026 results: EPS: US$3.23 (up from US$1.96 in 1Q 2025). Revenue: US$1.04b (up 24% from 1Q 2025). Net income: US$346.6m (up 65% from 1Q 2025). Profit margin: 33% (up from 25% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Annuncio • Apr 16
First Solar, Inc. to Report Q1, 2026 Results on Apr 30, 2026 First Solar, Inc. announced that they will report Q1, 2026 results After-Market on Apr 30, 2026 Annuncio • Apr 04
First Solar, Inc., Annual General Meeting, May 13, 2026 First Solar, Inc., Annual General Meeting, May 13, 2026. Location: meetnow.global/mwlflnw, United States Recent Insider Transactions • Mar 06
CEO & Director recently sold €1.3m worth of stock On the 3rd of March, Mark Widmar sold around 8k shares on-market at roughly €169 per share. This transaction amounted to 7.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Mark's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €169, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 29x in the Semiconductor industry in Germany. Total loss to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €251 per share. New Risk • Mar 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 25
Full year 2025 earnings released: EPS: US$14.25 (vs US$12.07 in FY 2024) Full year 2025 results: EPS: US$14.25 (up from US$12.07 in FY 2024). Revenue: US$5.22b (up 24% from FY 2024). Net income: US$1.53b (up 18% from FY 2024). Profit margin: 29% (down from 31% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Annuncio • Feb 25
First Solar, Inc. Provides Earnings Guidance for the Fiscal Year 2026 First Solar, Inc. provided earnings guidance for the fiscal year 2026. For the year, the company expects Volume to be Sold 17.0GW to 18.2GW and net sales to be $4.9 billion to $5.2 billion. Buy Or Sell Opportunity • Jan 29
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 19% to €187. The fair value is estimated to be €248, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 68%. For the next 3 years, revenue is forecast to grow by 9.5% per annum. Earnings are also forecast to grow by 19% per annum over the same time period. Annuncio • Jan 29
First Solar, Inc. to Report Q4, 2025 Results on Feb 24, 2026 First Solar, Inc. announced that they will report Q4, 2025 results After-Market on Feb 24, 2026 Buy Or Sell Opportunity • Jan 05
Now 22% undervalued Over the last 90 days, the stock has risen 16% to €226. The fair value is estimated to be €291, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 68%. For the next 3 years, revenue is forecast to grow by 9.4% per annum. Earnings are also forecast to grow by 19% per annum over the same time period. Recent Insider Transactions • Nov 11
Independent Director recently sold €1.6m worth of stock On the 7th of November, Paul Stebbins sold around 7k shares on-market at roughly €227 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €122m more than they sold in the last 12 months. Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: US$4.25 (vs US$2.92 in 3Q 2024) Third quarter 2025 results: EPS: US$4.25 (up from US$2.92 in 3Q 2024). Revenue: US$1.59b (up 80% from 3Q 2024). Net income: US$455.9m (up 46% from 3Q 2024). Profit margin: 29% (down from 35% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Annuncio • Oct 31
First Solar, Inc. Updates Earnings Guidance for the Year 2025 First Solar, Inc. updated earnings guidance for the year 2025. For the year, the company now expects Net Sales to be $4.95 Billion to $5.20 Billion against previous guidance of $4.9 Billion to $5.7 Billion. Operating Income to be $1.56 Billion to $1.68 Billion against previous guidance of $1.53 Billion to $1.87 Billion. Earnings per Diluted Share to be $14.00 to $15.00 against previous guidance of $13.50 to $16.50. Annuncio • Oct 09
First Solar, Inc. to Report Q3, 2025 Results on Oct 30, 2025 First Solar, Inc. announced that they will report Q3, 2025 results After-Market on Oct 30, 2025 Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €186, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 18x in the Semiconductor industry in Germany. Total returns to shareholders of 61% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €285 per share. Reported Earnings • Aug 03
Second quarter 2025 earnings released: EPS: US$3.19 (vs US$3.26 in 2Q 2024) Second quarter 2025 results: EPS: US$3.19 (down from US$3.26 in 2Q 2024). Revenue: US$1.10b (up 8.6% from 2Q 2024). Net income: US$341.9m (down 2.1% from 2Q 2024). Profit margin: 31% (down from 35% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Annuncio • Aug 01
First Solar, Inc. Updates Earnings Guidance for the Year 2025 First Solar, Inc. updated earnings guidance for the year 2025. For the year, the company now expects Net Sales to be $4.9 Billion to $5.7 Billion against previous guidance of $4.5 Billion to $5.5 Billion. Operating Income to be $1.53 Billion to $1.87 Billion against previous guidance of $1.45 Billion to $2.00 Billion. Earnings per Diluted Share to be $13.50 to $16.50 against previous guidance of $12.50 to $17.50. Buy Or Sell Opportunity • Jul 31
Now 21% undervalued Over the last 90 days, the stock has risen 35% to €152. The fair value is estimated to be €192, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 80%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. Annuncio • Jul 15
First Solar, Inc. to Report Q2, 2025 Results on Jul 31, 2025 First Solar, Inc. announced that they will report Q2, 2025 results After-Market on Jul 31, 2025 New Risk • Jul 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). High level of non-cash earnings (34% accrual ratio). Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €156, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 19x in the Semiconductor industry in Germany. Total returns to shareholders of 126% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €207 per share. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €124, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 17x in the Semiconductor industry in Germany. Total returns to shareholders of 92% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €231 per share. Board Change • Jun 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Director Murthy Renduchintala was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • May 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (34% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Significant insider selling over the past 3 months (€202m sold). Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to €134, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 15x in the Semiconductor industry in Germany. Total returns to shareholders of 122% over the past three years. Reported Earnings • Apr 30
First quarter 2025 earnings released: EPS: US$1.96 (vs US$2.21 in 1Q 2024) First quarter 2025 results: EPS: US$1.96 (down from US$2.21 in 1Q 2024). Revenue: US$844.6m (up 6.4% from 1Q 2024). Net income: US$209.5m (down 11% from 1Q 2024). Profit margin: 25% (down from 30% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Annuncio • Apr 30
First Solar, Inc. Updates Earnings Guidance for the Year 2025 First Solar, Inc. updated earnings guidance for the year 2025. For the year, the company now expects net sales to be in the range of $4.5 Billion to $5.5 Billion as compared to $5.3 Billion to $5.8 Billion previously, operating income to be in the range of $1.45 Billion to $2.00 Billion as compared to $1.95 Billion to $2.30 Billion previously, earnings per diluted share to be in the range of $12.50 to $17.50 as compared to $17.00 to $20.00 previously. Annuncio • Apr 07
First Solar, Inc., Annual General Meeting, May 14, 2025 First Solar, Inc., Annual General Meeting, May 14, 2025. Location: meetnow.global/mlqrypn, United States Annuncio • Apr 01
First Solar, Inc. to Report Q1, 2025 Results on Apr 29, 2025 First Solar, Inc. announced that they will report Q1, 2025 results After-Market on Apr 29, 2025 Annuncio • Mar 16
Molly E. Joseph Notifies First Solar, Inc. of His Decision to Not Stand for Re-Election as A Member of the Board of Directors On March 12, 2025, Molly E. Joseph notified First Solar, Inc. that she will not stand for re-election as a member of the Company’s Board of Directors at the Company’s 2025 Annual Meeting of Stockholders. Ms. Joseph intends to continue to serve as a member of the Board and on each of the Committees on which she currently serves until the date of the 2025 Annual Meeting. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €122, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 11x in the Semiconductor industry in Germany. Total returns to shareholders of 69% over the past three years. Reported Earnings • Feb 26
Full year 2024 earnings released: EPS: US$12.07 (vs US$7.78 in FY 2023) Full year 2024 results: EPS: US$12.07 (up from US$7.78 in FY 2023). Revenue: US$4.21b (up 27% from FY 2023). Net income: US$1.29b (up 56% from FY 2023). Profit margin: 31% (up from 25% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Annuncio • Feb 26
First Solar, Inc. Provides Earnings Guidance for the Year 2025 First Solar, Inc. provided earnings guidance for the year 2025. For the period, the company expected Net Sales to be in the range of $5.3 Billion to $5.8 Billion. Operating Income is expected to be in the range of $1.95 Billion to $2.30 Billion. The company expected Earnings per Diluted Share to be in the range of $17.00 to $20.00. Annuncio • Jan 28
First Solar, Inc. to Report Q4, 2024 Results on Feb 25, 2025 First Solar, Inc. announced that they will report Q4, 2024 results After-Market on Feb 25, 2025 Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €155, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Semiconductor industry in Germany. Total returns to shareholders of 125% over the past three years. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: US$2.92 (vs US$2.51 in 3Q 2023) Third quarter 2024 results: EPS: US$2.92 (up from US$2.51 in 3Q 2023). Revenue: US$887.7m (up 11% from 3Q 2023). Net income: US$313.0m (up 17% from 3Q 2023). Profit margin: 35% (up from 34% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Annuncio • Oct 01
First Solar, Inc. to Report Q3, 2024 Results on Oct 29, 2024 First Solar, Inc. announced that they will report Q3, 2024 results After-Market on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €216, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Semiconductor industry in Germany. Total returns to shareholders of 164% over the past three years. Reported Earnings • Jul 31
Second quarter 2024 earnings released: EPS: US$3.26 (vs US$1.60 in 2Q 2023) Second quarter 2024 results: EPS: US$3.26 (up from US$1.60 in 2Q 2023). Revenue: US$1.01b (up 25% from 2Q 2023). Net income: US$349.4m (up 105% from 2Q 2023). Profit margin: 35% (up from 21% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Annuncio • Jul 04
First Solar, Inc. to Report Q2, 2024 Results on Jul 30, 2024 First Solar, Inc. announced that they will report Q2, 2024 results After-Market on Jul 30, 2024 Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €200, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Semiconductor industry in Germany. Total returns to shareholders of 156% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €394 per share. Annuncio • Jun 05
First Solar, Inc. Becomes the Solar Industry's First EPEAT Climate+ Champion, Setting Global Standard for Ultra-Low Carbon Solar First Solar, Inc. announced that its Series 6 Plus and Series 7 TR1 products are the world's first photovoltaic (PV) solar modules to achieve the EPEAT Climate+ designation, establishing a new benchmark for the solar technology and manufacturing industry. EPEAT is a globally recognized ecolabel that includes independent validation and allows for the easy identification of environmentally preferable products from socially responsible companies. EPEAT addresses the whole product life cycle, including managing substances in the product, manufacturing energy and water use, product packaging, end-of-life recycling, corporate responsibility, and human rights. EPEAT Climate+ makes EPEAT the only global ecolabel to address greenhouse gas (GHG) emissions during the different stages of solar module production, and products receiving the designation must meet the ultra-low carbon threshold of 400 kg CO2e/kWp. EPEAT Climate+ helps purchasers quickly identify technology products designed and manufactured with climate change mitigation in mind, allowing them to reduce scope 3 emissions of solar installations. First Solar's responsibly produced, advanced thin film PV modules already set industry benchmarks for quality, durability, reliability, design, and environmental performance and its Series 7 modules have the lowest carbon and water footprint of any commercially available PV module today. First Solar's Series 6 Plus and Series 7TR1 became the first solar modules to be included in a list of nearly 1,500 products produced by leading electronics brands known as EPEAT Climate+ Champions. The company intends to validate the environmental footprint of its Series 7 FT1 module, which is manufactured in India, with the goal of achieving an EPEAT Climate+ designation. Recent Insider Transactions • May 24
Insider recently sold €1.7m worth of stock On the 22nd of May, Richard Chapman sold around 7k shares on-market at roughly €230 per share. This transaction amounted to 39% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €50m more than they sold in the last 12 months. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to €222, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 19x in the Semiconductor industry in Germany. Total returns to shareholders of 258% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €345 per share. Recent Insider Transactions • May 15
Insider recently sold €1.3m worth of stock On the 9th of May, Richard Chapman sold around 7k shares on-market at roughly €177 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €49m more than they sold in the last 12 months. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: US$2.21 (vs US$0.40 in 1Q 2023) First quarter 2024 results: EPS: US$2.21 (up from US$0.40 in 1Q 2023). Revenue: US$794.1m (up 45% from 1Q 2023). Net income: US$236.6m (up 456% from 1Q 2023). Profit margin: 30% (up from 7.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 02
First Solar, Inc. Reaffirms Earnings Guidance for the Year 2024 First Solar, Inc. reaffirmed earnings guidance for the year 2024. For the year, the company expects net sales of $4.4 billion to $4.6 billion, operating oncome of $1.5 billion to $1.6 billion and earnings per diluted share of $13.00 to $14.00, unchanged from the prior guidance. New Risk • Apr 19
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €946k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (38% accrual ratio). Minor Risk Significant insider selling over the past 3 months (€946k sold). Annuncio • Apr 05
First Solar, Inc. to Report Q1, 2024 Results on May 01, 2024 First Solar, Inc. announced that they will report Q1, 2024 results on May 01, 2024 Annuncio • Mar 19
First Solar, Inc., Annual General Meeting, May 08, 2024 First Solar, Inc., Annual General Meeting, May 08, 2024, at 12:00 US Eastern Standard Time. Agenda: To elect ten members of the board of directors to hold office until the next annual meeting of stockholders or until their respective successors have been elected and qualified; to ratify the appointment of PricewaterhouseCoopers LLP as First Solar, Inc.'s independent registered public accounting firm for the year ending December 31, 2024; to approve an advisory resolution on the compensation of our named executive officers; and to discuss other matters. Annuncio • Feb 29
First Solar, Inc. Provides Earnings Guidance for the Year 2024 First Solar, Inc. provided earnings guidance for the year 2024. For the year, the company expects net sales to be between $4.4 billion to $4.6 billion. Operating income to be between $1.5 billion to $1.6 billion. Earnings per diluted share to be between $13.00 to $14.00. Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: US$7.78 (vs US$0.41 loss in FY 2022) Full year 2023 results: EPS: US$7.78 (up from US$0.41 loss in FY 2022). Revenue: US$3.32b (up 27% from FY 2022). Net income: US$830.8m (up US$874.9m from FY 2022). Profit margin: 25% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Annuncio • Feb 17
First Solar, Inc. Announces Board Resignations First Solar, Inc. announced on February 13, 2024, Richard D. Chapman, George A. (Chip) Hambro, and Craig Kennedy each notified the Company that they will retire as a member of the company’s board of directors (the board) and not stand for re-election at the company’s 2024 Annual Meeting of Stockholders (the 2024 Annual Meeting). Annuncio • Jan 31
First Solar, Inc. to Report Q4, 2023 Results on Feb 27, 2024 First Solar, Inc. announced that they will report Q4, 2023 results After-Market on Feb 27, 2024 Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €153, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 17x in the Semiconductor industry in Germany. Total returns to shareholders of 80% over the past three years. Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €146, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Semiconductor industry in Germany. Total returns to shareholders of 102% over the past three years. Annuncio • Nov 01
First Solar, Inc. Updates Earnings Guidance for the Full Year 2023 First Solar, Inc. updated earnings guidance for the full year 2023. For the year, the company maintain revenue guidance, net sales of $3.4 Billion to $3.6 Billion; Operating Income to be $770 million to $870 million as compared to prior guidance of $745 million to $870 million; Earnings per Diluted Share to be $7.20 to $8.00 as compared to prior guidance of $7.00 to $8.00. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: US$2.51 (vs US$0.46 loss in 3Q 2022) Third quarter 2023 results: EPS: US$2.51 (up from US$0.46 loss in 3Q 2022). Revenue: US$801.1m (up 27% from 3Q 2022). Net income: US$268.4m (up US$317.6m from 3Q 2022). Profit margin: 34% (up from net loss in 3Q 2022). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Annuncio • Oct 18
First Solar, Inc. to Report Q3, 2023 Results on Oct 31, 2023 First Solar, Inc. announced that they will report Q3, 2023 results at 4:00 PM, US Eastern Standard Time on Oct 31, 2023 Annuncio • Jul 29
First Solar, Inc. Maintains Earnings Guidance for the Full Year 2023 First Solar, Inc. maintained earnings guidance for the full year 2023. For the period, the company maintaining its revenue and EPS guidance, including forecasted full year earnings per diluted share of $7 to $8. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: US$1.60 (vs US$0.52 in 2Q 2022) Second quarter 2023 results: EPS: US$1.60 (up from US$0.52 in 2Q 2022). Revenue: US$810.7m (up 31% from 2Q 2022). Net income: US$170.6m (up 206% from 2Q 2022). Profit margin: 21% (up from 9.0% in 2Q 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 54% per year, which means it is well ahead of earnings. Annuncio • Jul 14
First Solar, Inc. to Report Q2, 2023 Results on Jul 27, 2023 First Solar, Inc. announced that they will report Q2, 2023 results After-Market on Jul 27, 2023 Annuncio • Jun 14
First Solar, Inc. Announces Limited Production Run of World’S First Bifacial Thin Film Photovoltaic Module First Solar, Inc. announced a limited production run of the world’s first bifacial solar panel utilizing an advanced thin film semiconductor. A fully functional pre-commercial Series 6 Plus Bifacial photovoltaic (PV) module will make its industry debut at Intersolar Europe in Munich, Germany and will be on display at First Solar’s booth (#520) in Hall A1 from June 14 to 17, 2023. The module, which is undergoing field and laboratory testing, builds on the track record of First Solar’s successful Series 6 monofacial module platform. The module features an innovative transparent back contact, pioneered by First Solar’s research and development (R&D) teams, which, in addition to enabling bifacial energy gain, allows infrared wavelengths of light to pass through rather than be absorbed as heat, and is expected to lower the operational temperature of the bifacial module and result in a higher specific energy yield. Series 6 Plus monofacial module features an industry-best 0.3% warranted degradation rate, superior temperature coefficient, spectral response, and shading behavior, and an anti-reflective coating to enhance energy production. Moreover, unlike crystalline silicon (c-Si) panels, First Solar’s Series 6 Plus module does not experience losses from Light Induced Degradation (LID) and Light and elevated Temperature Induced Degradation (LeTID). The module is manufactured under one roof with 100% traceable quality assurance, exceeding International Electrotechnical Commission (IEC) standards in high temperature, high humidity, and extreme desert and coastal applications. Recent Insider Transactions • May 16
Independent Director recently sold €528k worth of stock On the 12th of May, Paul Stebbins sold around 3k shares on-market at roughly €211 per share. This transaction amounted to 8.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.5m. Insiders have been net sellers, collectively disposing of €79m more than they bought in the last 12 months. Annuncio • May 13
First Solar, Inc. (NasdaqGS:FSLR) acquired Evolar AB from Magnora ASA (OB:MGN) for $38 million. First Solar, Inc. (NasdaqGS:FSLR) acquired Evolar AB from Magnora ASA (OB:MGN) for $38 million on May 12, 2023. Under the terms of agreement, First Solar paid upfront consideration of $38 million and an additional $42 million to be paid subject to certain technical milestones being achieved in the future. Magnora sold its stake for $29 million and further milestone payment of $24 million. Upon closing of the transaction, approximately 30 of Evolar’s Research & Development staff will transition to First Solar. Lundin, Statkraft, Hafslund, Arise Windpower, DNV and Aker companies advised Magnora in transaction. Deloitte AS acted as accountant to Magnora.
First Solar, Inc. (NasdaqGS:FSLR) completed the acquisition of Evolar AB from Magnora ASA (OB:MGN) on May 12, 2023. Reported Earnings • Apr 30
First quarter 2023 earnings released: EPS: US$0.40 (vs US$0.41 loss in 1Q 2022) First quarter 2023 results: EPS: US$0.40 (up from US$0.41 loss in 1Q 2022). Revenue: US$548.3m (up 49% from 1Q 2022). Net income: US$42.6m (up US$85.8m from 1Q 2022). Profit margin: 7.8% (up from net loss in 1Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 57% per year, which means it is well ahead of earnings. Recent Insider Transactions • Mar 09
Independent Director recently sold €1.5m worth of stock On the 8th of March, Richard Chapman sold around 8k shares on-market at roughly €200 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €79m more than they bought in the last 12 months. Reported Earnings • Mar 01
Full year 2022 earnings released: US$0.41 loss per share (vs US$4.41 profit in FY 2021) Full year 2022 results: US$0.41 loss per share (down from US$4.41 profit in FY 2021). Revenue: US$2.62b (down 10% from FY 2021). Net loss: US$44.2m (down 109% from profit in FY 2021). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Feb 15
First Solar, Inc. to Report Q4, 2022 Results on Feb 28, 2023 First Solar, Inc. announced that they will report Q4, 2022 results After-Market on Feb 28, 2023 Reported Earnings • Oct 28
Third quarter 2022 earnings released: US$0.46 loss per share (vs US$0.42 profit in 3Q 2021) Third quarter 2022 results: US$0.46 loss per share (down from US$0.42 profit in 3Q 2021). Revenue: US$628.9m (up 7.8% from 3Q 2021). Net loss: US$49.2m (down 209% from profit in 3Q 2021). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 41% per year. Recent Insider Transactions • Sep 16
Insider recently sold €77m worth of stock On the 13th of September, Farhad Ebrahimi sold around 660k shares on-market at roughly €117 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €77m more than they bought in the last 12 months. Recent Insider Transactions • Aug 03
Independent Director recently sold €638k worth of stock On the 2nd of August, Michael T. Sweeney sold around 7k shares on-market at roughly €98.10 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €758k more than they bought in the last 12 months. Reported Earnings • Jul 30
Second quarter 2022 earnings released: EPS: US$0.52 (vs US$0.78 in 2Q 2021) Second quarter 2022 results: EPS: US$0.52 (down from US$0.78 in 2Q 2021). Revenue: US$621.0m (down 1.3% from 2Q 2021). Net income: US$55.8m (down 32% from 2Q 2021). Profit margin: 9.0% (down from 13% in 2Q 2021). The decrease in margin was primarily driven by higher expenses. Over the next year, revenue is forecast to grow 17%, compared to a 14% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improved over the past week After last week's 23% share price gain to €87.70, the stock trades at a forward P/E ratio of 102x. Average forward P/E is 16x in the Semiconductor industry in Germany. Total returns to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €58.98 per share. Board Change • May 28
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 8 highly experienced directors. Independent Director Anita George was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 30
First quarter 2022 earnings released: US$0.41 loss per share (vs US$1.98 profit in 1Q 2021) First quarter 2022 results: US$0.41 loss per share (down from US$1.98 profit in 1Q 2021). Revenue: US$367.0m (down 54% from 1Q 2021). Net loss: US$43.3m (down 121% from profit in 1Q 2021). Over the next year, revenue is forecast to grow 9.0%, compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 03
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$4.41 (up from US$3.76 in FY 2020). Revenue: US$2.92b (up 7.8% from FY 2020). Net income: US$468.7m (up 18% from FY 2020). Profit margin: 16% (up from 15% in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 12% compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improved over the past week After last week's 16% share price gain to €67.94, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 22x in the Semiconductor industry in Germany. Total returns to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €98.41 per share. Buying Opportunity • Jan 21
Now 26% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be US$92.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% per annum over the last 3 years. The company has become profitable over the last 3 years. Reported Earnings • Nov 05
Third quarter 2021 earnings released: EPS US$0.42 (vs US$1.46 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$583.5m (down 37% from 3Q 2020). Net income: US$45.2m (down 71% from 3Q 2020). Profit margin: 7.7% (down from 17% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 31
Second quarter 2021 earnings released: EPS US$0.78 (vs US$0.35 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: US$629.2m (down 2.1% from 2Q 2020). Net income: US$82.4m (up 123% from 2Q 2020). Profit margin: 13% (up from 5.7% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improved over the past week After last week's 16% share price gain to US$76.66, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 37x in the Semiconductor industry in Germany. Total returns to shareholders of 68% over the past three years. Reported Earnings • May 01
First quarter 2021 earnings released: EPS US$1.98 (vs US$0.86 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$803.4m (up 51% from 1Q 2020). Net income: US$209.7m (up 131% from 1Q 2020). Profit margin: 26% (up from 17% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improved over the past week After last week's 16% share price gain to US$74.60, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 42x in the Semiconductor industry in Germany. Total returns to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €84.47 per share. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improved over the past week After last week's 16% share price gain to US$67.32, the stock is trading at a trailing P/E ratio of 21.5x, up from the previous P/E ratio of 18.5x. This compares to an average P/E of 77x in the Semiconductor industry in Germany. Total returns to shareholders over the past three years are 16%. Recent Insider Transactions • Mar 06
Independent Director recently sold €668k worth of stock On the 3rd of March, George Hambro sold around 10k shares on-market at roughly €66.80 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.1m more than they bought in the last 12 months. Analyst Estimate Surprise Post Earnings • Feb 27
Revenue misses expectations Revenue missed analyst estimates by 3.7%. Over the next year, revenue is forecast to grow 8.9%, compared to a 17% growth forecast for the Semiconductor industry in Germany. Reported Earnings • Feb 27
Full year 2020 earnings released: EPS US$3.76 (vs US$1.09 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: US$2.71b (down 12% from FY 2019). Net income: US$398.4m (up US$513.3m from FY 2019). Profit margin: 15% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 23
New 90-day low: €70.63 The company is down 8.0% from its price of €76.89 on 25 November 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 31% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €21.08 per share. Is New 90 Day High Low • Jan 07
New 90-day high: €86.19 The company is up 27% from its price of €67.99 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.11 per share. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improved over the past week After last week's 17% share price gain to US$85.60, the stock is trading at a trailing P/E ratio of 45.7x, up from the previous P/E ratio of 38.9x. This compares to an average P/E of 62x in the Semiconductor industry in Germany. Total returns to shareholders over the past three years are 47%. Is New 90 Day High Low • Dec 23
New 90-day high: €85.60 The company is up 59% from its price of €53.87 on 23 September 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 33% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.42 per share. Is New 90 Day High Low • Nov 26
New 90-day high: €79.33 The company is up 21% from its price of €65.30 on 28 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Semiconductor industry, which is also up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €20.11 per share. Recent Insider Transactions • Nov 19
Independent Director recently sold €481k worth of stock On the 17th of November, Michael T. Sweeney sold around 7k shares on-market at roughly €68.70 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.