First Solar, Inc.

NasdaqGS:FSLR Stock Report

Market Cap: US$19.5b

First Solar Management

Management criteria checks 4/4

First Solar's CEO is Mark Widmar, appointed in Jul 2016, has a tenure of 8.42 years. total yearly compensation is $7.73M, comprised of 12.5% salary and 87.5% bonuses, including company stock and options. directly owns 0.076% of the company’s shares, worth $14.93M. The average tenure of the management team and the board of directors is 5.1 years and 8 years respectively.

Key information

Mark Widmar

Chief executive officer

US$7.7m

Total compensation

CEO salary percentage12.5%
CEO tenure8.4yrs
CEO ownership0.08%
Management average tenure5.1yrs
Board average tenure8yrs

Recent management updates

Recent updates

First Solar Could Be Well Poised As A Future Leader In Renewable Energy

Dec 20

First Solar: Quick Gains Likely Behind Us - Slow & Steady Ahead

Dec 07

We Think First Solar (NASDAQ:FSLR) Can Stay On Top Of Its Debt

Dec 02
We Think First Solar (NASDAQ:FSLR) Can Stay On Top Of Its Debt

First Solar: Dominant Market Position

Nov 19

Here's Why We Think First Solar (NASDAQ:FSLR) Might Deserve Your Attention Today

Nov 18
Here's Why We Think First Solar (NASDAQ:FSLR) Might Deserve Your Attention Today

The Return Trends At First Solar (NASDAQ:FSLR) Look Promising

Nov 05
The Return Trends At First Solar (NASDAQ:FSLR) Look Promising

First Solar Q3: Set Your Sights On 2025 And 2026

Nov 04

First Solar Q3 Preview: Robust Growth And Strategic Expansions

Oct 26

When Should You Buy First Solar, Inc. (NASDAQ:FSLR)?

Oct 24
When Should You Buy First Solar, Inc. (NASDAQ:FSLR)?

First Solar: Expected To Thrive Regardless Of The 2024 Election Results (Reiterate Buy)

Oct 07

Pinning Down First Solar, Inc.'s (NASDAQ:FSLR) P/S Is Difficult Right Now

Sep 24
Pinning Down First Solar, Inc.'s (NASDAQ:FSLR) P/S Is Difficult Right Now

Growing Revenue, Improving Margins Combine For A Boom Time For First Solar

Sep 16

First Solar: Growth Outlook Continues To Shine

Sep 05

Is First Solar (NASDAQ:FSLR) A Risky Investment?

Aug 21
Is First Solar (NASDAQ:FSLR) A Risky Investment?

Bayesian Bets: First Solar And The Market's Mispricing Of Political Risk

Aug 12

First Solar: Strong Buy Amid Pullback And Q2 Outperformance (Rating Upgrade)

Aug 06

When Should You Buy First Solar, Inc. (NASDAQ:FSLR)?

Jul 21
When Should You Buy First Solar, Inc. (NASDAQ:FSLR)?

First Solar: Potential Reward Outweighs Risks

Jul 15

First Solar (NASDAQ:FSLR) Might Have The Makings Of A Multi-Bagger

Jun 26
First Solar (NASDAQ:FSLR) Might Have The Makings Of A Multi-Bagger

First Solar: Subsidies Require Discounted Valuation

Jun 19

Subdued Growth No Barrier To First Solar, Inc. (NASDAQ:FSLR) With Shares Advancing 56%

Jun 14
Subdued Growth No Barrier To First Solar, Inc. (NASDAQ:FSLR) With Shares Advancing 56%

First Solar: Major Winner In AI Boom

May 30

Here's Why We Think First Solar (NASDAQ:FSLR) Is Well Worth Watching

May 22
Here's Why We Think First Solar (NASDAQ:FSLR) Is Well Worth Watching

First Solar: Targets Confirmed, Updated U.S. Regulation Creates An Additional Momentum

May 21

First Solar: The Market Finally Realized Its Pessimistic Folly

May 14

First Solar's (NASDAQ:FSLR) Earnings Are Weaker Than They Seem

May 08
First Solar's (NASDAQ:FSLR) Earnings Are Weaker Than They Seem

Getting In Cheap On First Solar, Inc. (NASDAQ:FSLR) Is Unlikely

Apr 17
Getting In Cheap On First Solar, Inc. (NASDAQ:FSLR) Is Unlikely

First Solar: Still My Top Risk-Adjusted Pick In Green Energy

Apr 11

First Solar Remains A Viable Solar Investment, Despite The Silicon Headwinds

Apr 03

Are Investors Undervaluing First Solar, Inc. (NASDAQ:FSLR) By 47%?

Apr 02
Are Investors Undervaluing First Solar, Inc. (NASDAQ:FSLR) By 47%?

We Think First Solar (NASDAQ:FSLR) Can Stay On Top Of Its Debt

Mar 18
We Think First Solar (NASDAQ:FSLR) Can Stay On Top Of Its Debt

First Solar: An Attractive Risk-Premium Ratio

Mar 07

First Solar: Misunderstood Solar Energy Leader Set To Soar In 2024

Feb 29

Analysts Are Updating Their First Solar, Inc. (NASDAQ:FSLR) Estimates After Its Yearly Results

Feb 29
Analysts Are Updating Their First Solar, Inc. (NASDAQ:FSLR) Estimates After Its Yearly Results

Should You Think About Buying First Solar, Inc. (NASDAQ:FSLR) Now?

Feb 21
Should You Think About Buying First Solar, Inc. (NASDAQ:FSLR) Now?

First Solar: The Risk/Reward Looks Sunny

Feb 05

First Solar (NASDAQ:FSLR) Is Experiencing Growth In Returns On Capital

Feb 04
First Solar (NASDAQ:FSLR) Is Experiencing Growth In Returns On Capital

First Solar: The Inflation Reduction Act Is Critical For The Company

Jan 23

First Solar, Inc.'s (NASDAQ:FSLR) Price In Tune With Earnings

Jan 04
First Solar, Inc.'s (NASDAQ:FSLR) Price In Tune With Earnings

CEO Compensation Analysis

How has Mark Widmar's remuneration changed compared to First Solar's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$1b

Jun 30 2024n/an/a

US$1b

Mar 31 2024n/an/a

US$1b

Dec 31 2023US$8mUS$965k

US$831m

Sep 30 2023n/an/a

US$474m

Jun 30 2023n/an/a

US$156m

Mar 31 2023n/an/a

US$42m

Dec 31 2022US$7mUS$922k

-US$44m

Sep 30 2022n/an/a

US$95m

Jun 30 2022n/an/a

US$189m

Mar 31 2022n/an/a

US$216m

Dec 31 2021US$7mUS$900k

US$469m

Sep 30 2021n/an/a

US$453m

Jun 30 2021n/an/a

US$563m

Mar 31 2021n/an/a

US$517m

Dec 31 2020US$8mUS$900k

US$398m

Sep 30 2020n/an/a

US$223m

Jun 30 2020n/an/a

US$99m

Mar 31 2020n/an/a

US$43m

Dec 31 2019US$9mUS$900k

-US$115m

Sep 30 2019n/an/a

-US$3m

Jun 30 2019n/an/a

US$24m

Mar 31 2019n/an/a

-US$6m

Dec 31 2018US$7mUS$875k

US$144m

Sep 30 2018n/an/a

-US$340m

Jun 30 2018n/an/a

-US$192m

Mar 31 2018n/an/a

-US$92m

Dec 31 2017US$11mUS$750k

-US$166m

Compensation vs Market: Mark's total compensation ($USD7.73M) is below average for companies of similar size in the US market ($USD12.85M).

Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.

CEO

Mark Widmar (58 yo)

8.4yrs

Tenure

US$7,725,497

Compensation

Mr. Mark R. Widmar has been the Chief Executive Officer and Director of First Solar, Inc. since July 1, 2016. Mr. Widmar served as the Chief Financial Officer of 8Point3 General Partner, LLC, a General Par...

Leadership Team

NamePositionTenureCompensationOwnership
Mark Widmar
CEO & Director8.4yrsUS$7.73m0.076%
$ 14.9m
Alexander Bradley
Chief Financial Officer8.4yrsUS$3.12m0.029%
$ 5.6m
Markus Gloeckler
Chief Technology Officer4.1yrsUS$2.89m0.0083%
$ 1.6m
Jason Dymbort
Executive VP4.8yrsUS$2.93m0.012%
$ 2.4m
Kuntal Verma
Chief Manufacturing Officer4.4yrsUS$2.92m0.0033%
$ 648.3k
Byron Jeffers
Chief Accounting Officer5.1yrsno data0%
$ 0
Richard Romero
VP of Investor Relations & Treasurerno datano datano data
Caroline Stockdale
Chief People & Communications Officer5.2yrsUS$1.67m0.021%
$ 4.0m
Michael Koralewski
Chief Supply Chain Officer9.3yrsno data0.0073%
$ 1.4m
Georges Antoun
Chief Commercial Officer8.4yrsUS$2.47m0.035%
$ 6.8m
Patrick Buehler
Chief Product Officer4.4yrsno data0.0032%
$ 632.7k

5.1yrs

Average Tenure

50.5yo

Average Age

Experienced Management: FSLR's management team is seasoned and experienced (5.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Mark Widmar
CEO & Director8.4yrsUS$7.73m0.076%
$ 14.9m
Michael T. Sweeney
Independent Director21.4yrsUS$305.30k0.016%
$ 3.1m
Paul Stebbins
Independent Director18yrsUS$295.30k0.020%
$ 3.9m
William Post
Lead Independent Director14.5yrsUS$287.80k0.024%
$ 4.7m
Michael Ahearn
Chairman of the Board24.9yrsUS$405.56k0.10%
$ 20.3m
Lisa Kro
Independent Director2.6yrsUS$315.30k0.0027%
$ 519.4k
Anita George
Independent Director3.4yrsUS$280.30k0.0034%
$ 673.7k
Venkata S. Renduchintala
Independent Directorless than a yearno data0.00036%
$ 70.3k
Molly Joseph
Independent Director7.5yrsUS$302.80k0.014%
$ 2.8m
Norman Wright
Independent Director2.6yrsUS$280.30k0.0030%
$ 593.6k

8.0yrs

Average Tenure

61yo

Average Age

Experienced Board: FSLR's board of directors are considered experienced (8 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 02:10
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 here.

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 .

Analyst Sources

First Solar, Inc. is covered by 88 analysts. 39 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Anders RosenlundABG Sundal Collier
Adam KropArdour Capital Investments, LLC
James FontanelliArete Research Services LLP