F3A Stock Overview

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. More details

F3A fundamental analysis
Snowflake Score
Valuation	6/6
Future Growth	5/6
Past Performance	4/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 56.8% below our estimate of its fair value

Earnings are forecast to grow 24.46% per year

Earnings grew by 163.3% over the past year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 62.6%

Risk Analysis

High level of non-cash earnings

Community vs My Fair Value

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First Solar, Inc. Competitors

Infineon Technologies

XTRA:IFX

€50.0b

Elmos Semiconductor

XTRA:ELG

€1.2b

AIXTRON

XTRA:AIXA

€1.6b

Siltronic

XTRA:WAF

€1.4b

Price History & Performance

Summary of share price highs, lows and changes for First Solar
Historical stock prices
Current Share Price	US$148.50
52 Week High	US$281.70
52 Week Low	US$131.16
Beta	1.47
1 Month Change	-12.98%
3 Month Change	-17.02%
1 Year Change	12.50%
3 Year Change	139.44%
5 Year Change	264.95%
Change since IPO	560.59%

Recent updates

Shareholder Returns

	F3A	DE Semiconductor	DE Market
7D	-3.1%	2.5%	-0.6%
1Y	12.5%	4.3%	14.8%

Return vs Industry: F3A exceeded the German Semiconductor industry which returned 3.1% over the past year.

Return vs Market: F3A underperformed the German Market which returned 14.9% over the past year.

Price Volatility

Is F3A's price volatile compared to industry and market?
F3A volatility
F3A Average Weekly Movement	5.7%
Semiconductor Industry Average Movement	6.1%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	11.5%
10% least volatile stocks in DE Market	2.6%

Stable Share Price: F3A has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: F3A's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1999	6,700	Mark Widmar	www.firstsolar.com

First Solar, Inc., a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules. It designs, manufactures, and sells cadmium telluride solar modules that converts sunlight into electricity.

First Solar, Inc. Fundamentals Summary

How do First Solar's earnings and revenue compare to its market cap?
F3A fundamental statistics
Market cap	€16.81b
Earnings (TTM)	€1.19b
Revenue (TTM)	€3.68b

14.1x

P/E Ratio

4.6x

P/S Ratio

Is F3A overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
F3A income statement (TTM)
Revenue	US$3.85b
Cost of Revenue	US$2.06b
Gross Profit	US$1.79b
Other Expenses	US$544.07m
Earnings	US$1.25b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Feb 25, 2025

Earnings per share (EPS)	11.66
Gross Margin	46.54%
Net Profit Margin	32.41%
Debt/Equity Ratio	7.7%

How did F3A perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/02/21 17:07
End of Day Share Price	2025/02/21 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

First Solar, Inc. is covered by 87 analysts. 36 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Anders Rosenlund	ABG Sundal Collier
Adam Krop	Ardour Capital Investments, LLC
James Fontanelli	Arete Research Services LLP

F3A Stock Overview

Rewards

Risk Analysis

First Solar, Inc. Competitors

XTRA:IFX

€50.0b

XTRA:ELG

€1.2b

XTRA:AIXA

€1.6b

XTRA:WAF

€1.4b

Price History & Performance

Recent News & Updates

First Solar, Inc. to Report Q4, 2024 Results on Feb 25, 2025

Investor sentiment deteriorates as stock falls 17%

Third quarter 2024 earnings released: EPS: US$2.92 (vs US$2.51 in 3Q 2023)

First Solar, Inc. to Report Q3, 2024 Results on Oct 29, 2024

Investor sentiment improves as stock rises 16%

Second quarter 2024 earnings released: EPS: US$3.26 (vs US$1.60 in 2Q 2023)

Recent updates

First Solar, Inc. to Report Q4, 2024 Results on Feb 25, 2025

Investor sentiment deteriorates as stock falls 17%

Third quarter 2024 earnings released: EPS: US$2.92 (vs US$2.51 in 3Q 2023)

First Solar, Inc. to Report Q3, 2024 Results on Oct 29, 2024

Investor sentiment improves as stock rises 16%

Second quarter 2024 earnings released: EPS: US$3.26 (vs US$1.60 in 2Q 2023)

First Solar, Inc. to Report Q2, 2024 Results on Jul 30, 2024

Investor sentiment deteriorates as stock falls 17%

First Solar, Inc. Becomes the Solar Industry's First EPEAT Climate+ Champion, Setting Global Standard for Ultra-Low Carbon Solar

Insider recently sold €1.7m worth of stock

Investor sentiment improves as stock rises 27%

Insider recently sold €1.3m worth of stock

First quarter 2024 earnings released: EPS: US$2.21 (vs US$0.40 in 1Q 2023)

First Solar, Inc. Reaffirms Earnings Guidance for the Year 2024

New minor risk - Insider selling

First Solar, Inc. to Report Q1, 2024 Results on May 01, 2024

First Solar, Inc., Annual General Meeting, May 08, 2024

First Solar, Inc. Provides Earnings Guidance for the Year 2024

Full year 2023 earnings released: EPS: US$7.78 (vs US$0.41 loss in FY 2022)

First Solar, Inc. Announces Board Resignations

First Solar, Inc. to Report Q4, 2023 Results on Feb 27, 2024

Investor sentiment improves as stock rises 19%

Investor sentiment improves as stock rises 17%

First Solar, Inc. Updates Earnings Guidance for the Full Year 2023

Third quarter 2023 earnings released: EPS: US$2.51 (vs US$0.46 loss in 3Q 2022)

First Solar, Inc. to Report Q3, 2023 Results on Oct 31, 2023

First Solar, Inc. Maintains Earnings Guidance for the Full Year 2023

Second quarter 2023 earnings released: EPS: US$1.60 (vs US$0.52 in 2Q 2022)

First Solar, Inc. to Report Q2, 2023 Results on Jul 27, 2023

First Solar, Inc. Announces Limited Production Run of World’S First Bifacial Thin Film Photovoltaic Module

Independent Director recently sold €528k worth of stock

First Solar, Inc. (NasdaqGS:FSLR) acquired Evolar AB from Magnora ASA (OB:MGN) for $38 million.

First quarter 2023 earnings released: EPS: US$0.40 (vs US$0.41 loss in 1Q 2022)

Independent Director recently sold €1.5m worth of stock

Full year 2022 earnings released: US$0.41 loss per share (vs US$4.41 profit in FY 2021)

First Solar, Inc. to Report Q4, 2022 Results on Feb 28, 2023

Third quarter 2022 earnings released: US$0.46 loss per share (vs US$0.42 profit in 3Q 2021)

First Solar, Inc. Updates Earnings Guidance for the Year 2022

First Solar, Inc. to Report Q3, 2022 Results on Oct 27, 2022

The funds managed by Real Assets group of PAG completed the acquisition of A solar operations and maintenance (O&M) platform with approximately 665 MWDC ,in Japan from First Solar, Inc. (NasdaqGS:FSLR).

Insider recently sold €77m worth of stock

Independent Director recently sold €638k worth of stock

Second quarter 2022 earnings released: EPS: US$0.52 (vs US$0.78 in 2Q 2021)

First Solar, Inc. Updates Earnings Guidance for the Year 2022

Investor sentiment improved over the past week

First Solar, Inc. to Report Q2, 2022 Results on Jul 28, 2022

The funds managed by Real Assets group of PAG completed the acquisition of 293 Megawatts Utility Scale Solar Development Platform in Japan from First Solar, Inc. (NasdaqGS:FSLR).

First Solar, Inc. Announces Director Appointments

Insufficient new directors

PAG entered into a definitive agreement to acquire O&M platform from First Solar, Inc. (NasdaqGS:FSLR).

First quarter 2022 earnings released: US$0.41 loss per share (vs US$1.98 profit in 1Q 2021)

First Solar, Inc., Annual General Meeting, May 26, 2022

First Solar, Inc. to Report Q1, 2022 Results on Apr 28, 2022

First Solar, Inc. Announces Kathryn A. Hollister Not to Stand for Re-Election as A Member of the Board of Directors

First Solar in Talks to Sell Japan Project Development, O&M Biz

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

First Solar, Inc. Provides Earnings Guidance for the Year 2022

Investor sentiment improved over the past week

Sharon L. Allen Intends Not to Stand for Re-Election as Member of the Company’s Board of Directors of First Solar, Inc