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FSLR

First Solar NasdaqGS:FSLR Stock Report

Last Price

US$129.85

Market Cap

US$13.8b

7D

-4.4%

1Y

42.5%

Updated

24 Sep, 2022

Data

Company Financials +
FSLR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance1/6
Financial Health6/6
Dividends0/6

FSLR Stock Overview

First Solar, Inc. provides photovoltaic (PV) solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally.

First Solar, Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for First Solar
Historical stock prices
Current Share PriceUS$129.85
52 Week HighUS$140.64
52 Week LowUS$59.60
Beta1.37
1 Month Change6.71%
3 Month Change85.32%
1 Year Change42.46%
3 Year Change122.12%
5 Year Change183.02%
Change since IPO424.86%

Recent News & Updates

Sep 08

First Solar: Prepare For A Solar Boom Like Never Before

Summary The rollout of solar energy is about to witness a generational boom. The investment tax credits for domestic solar production from the Inflation Reduction Act will hand First Solar a material tailwind. Whilst still constrained by supply, the company is planning to ramp up investments in capacity expansion. The image of a rising sun over the horizon has come to symbolize hope, optimism, and progress. And now energy from the sun, previously uneconomical for much of the start of the new millennium, now stands at the cusp of runaway growth that will change the world energy markets forever. The implications are material for the economy, environment, geopolitics, and ultimately the global drive toward net-zero. Net-zero has long been thought of as an unrealistic dream of bureaucrats, it very well may be, but the Inflation Reduction Act represents the most unprecedented intervention by a government anywhere in the world to influence this drive. The underlying thesis is that the wholesale architecture of energy systems has to change to reduce dependency on fossil fuels and limit the extent of observed anthropogenic climate change. Hence, every relevant part of the economy has to rise to the challenge to help restrict the rise in mean global temperature to well below 3.6 °F above pre-industrial levels. The Act will allocate $370 billion over 10 years to decarbonization initiatives and is set to be the largest climate and clean energy investment in US history. It will form a crucial part of the US effort to reduce greenhouse gas emissions to the White House target of 50% below 2005 levels by 2030. Boston Consulting Group forecasts that it could increase the deployment of carbon-free energy to up to 80% of electricity production by the end of the decade, up from around 20% of production currently. The Act is also set to offer investment tax credits to domestic solar manufacturers and has the potential to see First Solar (FSLR) realize an incremental $8 to $10 per share in annual earnings from these credits. Tempe-based First Solar is a $14 billion dollar solar panel manufacturer and provider of utility-scale PV power plants. The company also provides finance, construction, maintenance and end-of-life panel recycling as supporting services to customers. Supercharging The Ramping Rollout Of Solar Energy Solar power accounted for just 3% of U.S. electricity generation from all sources in 2020. This was set to increase to around 5% this year and then 14% by the middle of the next decade. U.S. Energy Information Administration The Act is set to bring forward this date materially, with the five-year outlook for the US solar industry dramatically changed. Analysts now expect solar deployment to increase by 40%, around 62 GWDC, over pre-IRA projections through 2027. However, it is important to note that the extent to which First Solar will be able to expand production to fully realize the revenue opportunities will depend on how quickly and effectively the company is able to expand capacity. Management has already stated that they were almost already sold out through 2026. Hence, capacity will have to be extended. The company recently announced plans to invest up to $1 billion in a new 3.5 GWDC manufacturing facility in the Southeast. The existing Northwest Ohio factory will be expanded by 0.9 GWDC through a $185 million investment. The Southeast facility will become the company's fourth domestic factory and is expected to commence operations in 2025. This will see First Solar's total panel-making capacity in the US rise to 10.6 GWDC by 2025, up from an expected 6 GWDC next year. The demand is expected to be rapacious, with First Solar recently announcing several new customers from around the world. As such, there is a likelihood of a follow-up capacity expansion investment in another US-based factory within the next 6 to 12 months. The company last reported earnings for its fiscal 2022 second quarter, which saw revenue come in at $620.96 million, a 1.3% decline from its year-ago quarter but a beat of $14.51 million on consensus estimates. The key takeaway was the raised revenue guidance for fiscal 2022 to between $2.55 billion and $2.8 billion, up from a prior outlook of $2.4 billion to $2.6 billion. FSLR Revenue (Quarterly) data by YCharts

Shareholder Returns

FSLRUS SemiconductorUS Market
7D-4.4%-6.0%-5.2%
1Y42.5%-29.7%-23.1%

Return vs Industry: FSLR exceeded the US Semiconductor industry which returned -29.7% over the past year.

Return vs Market: FSLR exceeded the US Market which returned -23.1% over the past year.

Price Volatility

Is FSLR's price volatile compared to industry and market?
FSLR volatility
FSLR Average Weekly Movement7.9%
Semiconductor Industry Average Movement8.1%
Market Average Movement6.9%
10% most volatile stocks in US Market15.9%
10% least volatile stocks in US Market2.8%

Stable Share Price: FSLR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: FSLR's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19994,800Mark Widmarhttps://www.firstsolar.com

First Solar, Inc. provides photovoltaic (PV) solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally. The company designs, manufactures, and sells cadmium telluride solar modules that converts sunlight into electricity. It serves developers and operators of systems, utilities, independent power producers, commercial and industrial companies, and other system owners.

First Solar, Inc. Fundamentals Summary

How do First Solar's earnings and revenue compare to its market cap?
FSLR fundamental statistics
Market CapUS$13.84b
Earnings (TTM)US$189.12m
Revenue (TTM)US$2.48b

73.2x

P/E Ratio

5.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FSLR income statement (TTM)
RevenueUS$2.48b
Cost of RevenueUS$2.06b
Gross ProfitUS$420.03m
Other ExpensesUS$230.91m
EarningsUS$189.12m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.77
Gross Margin16.94%
Net Profit Margin7.63%
Debt/Equity Ratio3.0%

How did FSLR perform over the long term?

See historical performance and comparison