Announcement • 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. Announcement • 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 Announcement • 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 Board Change • Mar 31
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. Announcement • 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. Announcement • 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 Announcement • 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. Announcement • 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 Announcement • 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. Announcement • 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 Announcement • 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. Announcement • 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 Announcement • 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 Announcement • 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. Announcement • 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. Announcement • 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 Announcement • 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 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 15% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 43% per year whereas the company’s share price has increased by 45% per year. Announcement • 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 Announcement • 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 • Jun 03
Independent Director recently sold CHF989k worth of stock On the 30th of May, Michael T. Sweeney sold around 4k shares on-market at roughly CHF247 per share. This transaction amounted to 19% 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 CHF1.7m. Despite this recent sale, insiders have collectively bought CHF46m more than they sold in the last 12 months. Recent Insider Transactions • May 24
Insider recently sold CHF1.7m worth of stock On the 22nd of May, Richard Chapman sold around 7k shares on-market at roughly CHF228 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 CHF47m more than they sold in the last 12 months. Recent Insider Transactions • May 15
Insider recently sold CHF1.2m worth of stock On the 9th of May, Richard Chapman sold around 7k shares on-market at roughly CHF173 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 CHF46m 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 13% growth forecast for the Semiconductor industry in Europe. 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 45% per year, which means it is tracking significantly ahead of earnings growth. Announcement • 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: CHF907k 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 (CHF907k sold). Announcement • 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 Announcement • 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. Announcement • 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 11% growth forecast for the Semiconductor industry in Europe. 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 45% per year, which means it is well ahead of earnings. Announcement • 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). Announcement • 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 Announcement • 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 9.3% growth forecast for the Semiconductor industry in Europe. 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 45% per year, which means it is well ahead of earnings. Announcement • 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 Announcement • 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 10.0% growth forecast for the Semiconductor industry in Europe. 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 45% per year, which means it is well ahead of earnings. Announcement • 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 Announcement • 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 CHF514k worth of stock On the 12th of May, Paul Stebbins sold around 3k shares on-market at roughly CHF206 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 CHF1.5m. Insiders have been net sellers, collectively disposing of CHF76m more than they bought in the last 12 months. Announcement • 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 12% growth forecast for the Semiconductor industry in Europe. 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 45% per year, which means it is well ahead of earnings. Recent Insider Transactions • Mar 09
Independent Director recently sold CHF1.5m worth of stock On the 8th of March, Richard Chapman sold around 8k shares on-market at roughly CHF198 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 CHF76m 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 12% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • 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 13% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Recent Insider Transactions • Sep 16
Insider recently sold CHF74m worth of stock On the 13th of September, Farhad Ebrahimi sold around 660k shares on-market at roughly CHF112 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 CHF74m more than they bought in the last 12 months. Recent Insider Transactions • Aug 03
Independent Director recently sold CHF620k worth of stock On the 2nd of August, Michael T. Sweeney sold around 7k shares on-market at roughly CHF95.34 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CHF728k more than they bought in the last 12 months. Reported Earnings • Jul 29
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). Over the next year, revenue is forecast to grow 16%, compared to a 21% growth forecast for the industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. 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 27% growth forecast for the industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. 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 20% growth forecast for the industry in Switzerland. 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 6% per year, which means it is significantly lagging earnings growth. 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 14% 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 6% per year, which means it is significantly lagging earnings growth. 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 fallen by 2% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Mar 06
Independent Director recently sold CHF740k worth of stock On the 3rd of March, George Hambro sold around 10k shares on-market at roughly CHF73.99 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CHF1.3m more than they bought in the last 12 months. 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 2% per year, which means it is significantly lagging earnings growth. 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 Switzerland. Recent Insider Transactions • Nov 18
Independent Director recently sold CHF520k worth of stock On the 17th of November, Michael T. Sweeney sold around 7k shares on-market at roughly CHF74.26 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. Analyst Estimate Surprise Post Earnings • Oct 29
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 34% at US$927.6m. Revenue is expected to shrink by 15% over the next year, compared to a 12% growth forecast for the Semiconductor industry in Switzerland. Announcement • Jul 24
First Solar, Inc. to Report Q2, 2020 Results on Aug 06, 2020 First Solar, Inc. announced that they will report Q2, 2020 results at 5:00 PM, Eastern Standard Time on Aug 06, 2020 
