First Solar Management
Management criteria checks 4/4
First Solar's CEO is Mark Widmar, appointed in Jul 2016, has a tenure of 8.33 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 $15.34M. The average tenure of the management team and the board of directors is 5 years and 7.9 years respectively.
Key information
Mark Widmar
Chief executive officer
US$7.7m
Total compensation
| CEO salary percentage | 12.5% |
| CEO tenure | 8.3yrs |
| CEO ownership | 0.08% |
| Management average tenure | 5yrs |
| Board average tenure | 7.9yrs |
Recent management updates
Recent updates
First Solar: Dominant Market Position
Nov 19Here's Why We Think First Solar (NASDAQ:FSLR) Might Deserve Your Attention Today
Nov 18
The Return Trends At First Solar (NASDAQ:FSLR) Look Promising
Nov 05First Solar Q3: Set Your Sights On 2025 And 2026
Nov 04First Solar Q3 Preview: Robust Growth And Strategic Expansions
Oct 26When Should You Buy First Solar, Inc. (NASDAQ:FSLR)?
Oct 24First Solar: Expected To Thrive Regardless Of The 2024 Election Results (Reiterate Buy)
Oct 07Pinning Down First Solar, Inc.'s (NASDAQ:FSLR) P/S Is Difficult Right Now
Sep 24Growing Revenue, Improving Margins Combine For A Boom Time For First Solar
Sep 16First Solar: Growth Outlook Continues To Shine
Sep 05Is First Solar (NASDAQ:FSLR) A Risky Investment?
Aug 21Bayesian Bets: First Solar And The Market's Mispricing Of Political Risk
Aug 12First Solar: Strong Buy Amid Pullback And Q2 Outperformance (Rating Upgrade)
Aug 06When Should You Buy First Solar, Inc. (NASDAQ:FSLR)?
Jul 21First Solar: Potential Reward Outweighs Risks
Jul 15First Solar (NASDAQ:FSLR) Might Have The Makings Of A Multi-Bagger
Jun 26First Solar: Subsidies Require Discounted Valuation
Jun 19Subdued Growth No Barrier To First Solar, Inc. (NASDAQ:FSLR) With Shares Advancing 56%
Jun 14First Solar: Major Winner In AI Boom
May 30Here's Why We Think First Solar (NASDAQ:FSLR) Is Well Worth Watching
May 22First Solar: Targets Confirmed, Updated U.S. Regulation Creates An Additional Momentum
May 21First Solar: The Market Finally Realized Its Pessimistic Folly
May 14First Solar's (NASDAQ:FSLR) Earnings Are Weaker Than They Seem
May 08Getting In Cheap On First Solar, Inc. (NASDAQ:FSLR) Is Unlikely
Apr 17First Solar: Still My Top Risk-Adjusted Pick In Green Energy
Apr 11First Solar Remains A Viable Solar Investment, Despite The Silicon Headwinds
Apr 03Are Investors Undervaluing First Solar, Inc. (NASDAQ:FSLR) By 47%?
Apr 02We Think First Solar (NASDAQ:FSLR) Can Stay On Top Of Its Debt
Mar 18First Solar: An Attractive Risk-Premium Ratio
Mar 07First Solar: Misunderstood Solar Energy Leader Set To Soar In 2024
Feb 29Analysts Are Updating Their First Solar, Inc. (NASDAQ:FSLR) Estimates After Its Yearly Results
Feb 29Should You Think About Buying First Solar, Inc. (NASDAQ:FSLR) Now?
Feb 21First Solar: The Risk/Reward Looks Sunny
Feb 05First Solar (NASDAQ:FSLR) Is Experiencing Growth In Returns On Capital
Feb 04First Solar: The Inflation Reduction Act Is Critical For The Company
Jan 23First Solar, Inc.'s (NASDAQ:FSLR) Price In Tune With Earnings
Jan 04Should You Investigate First Solar, Inc. (NASDAQ:FSLR) At US$155?
Nov 17Is First Solar (NASDAQ:FSLR) Using Too Much Debt?
Nov 02Investors Could Be Concerned With First Solar's (NASDAQ:FSLR) Returns On Capital
Sep 26Is First Solar (NASDAQ:FSLR) Using Debt In A Risky Way?
Jul 14Are Investors Undervaluing First Solar, Inc. (NASDAQ:FSLR) By 47%?
May 05Does First Solar (NASDAQ:FSLR) Have A Healthy Balance Sheet?
Apr 15When Should You Buy First Solar, Inc. (NASDAQ:FSLR)?
Mar 28Is There An Opportunity With First Solar, Inc.'s (NASDAQ:FSLR) 43% Undervaluation?
Jan 30Is First Solar (NASDAQ:FSLR) Weighed On By Its Debt Load?
Nov 25CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$1b |
| Jun 30 2024 | n/a | n/a | US$1b |
| Mar 31 2024 | n/a | n/a | US$1b |
| Dec 31 2023 | US$8m | US$965k | US$831m |
| Sep 30 2023 | n/a | n/a | US$474m |
| Jun 30 2023 | n/a | n/a | US$156m |
| Mar 31 2023 | n/a | n/a | US$42m |
| Dec 31 2022 | US$7m | US$922k | -US$44m |
| Sep 30 2022 | n/a | n/a | US$95m |
| Jun 30 2022 | n/a | n/a | US$189m |
| Mar 31 2022 | n/a | n/a | US$216m |
| Dec 31 2021 | US$7m | US$900k | US$469m |
| Sep 30 2021 | n/a | n/a | US$453m |
| Jun 30 2021 | n/a | n/a | US$563m |
| Mar 31 2021 | n/a | n/a | US$517m |
| Dec 31 2020 | US$8m | US$900k | US$398m |
| Sep 30 2020 | n/a | n/a | US$223m |
| Jun 30 2020 | n/a | n/a | US$99m |
| Mar 31 2020 | n/a | n/a | US$43m |
| Dec 31 2019 | US$9m | US$900k | -US$115m |
| Sep 30 2019 | n/a | n/a | -US$3m |
| Jun 30 2019 | n/a | n/a | US$24m |
| Mar 31 2019 | n/a | n/a | -US$6m |
| Dec 31 2018 | US$7m | US$875k | US$144m |
| Sep 30 2018 | n/a | n/a | -US$340m |
| Jun 30 2018 | n/a | n/a | -US$192m |
| Mar 31 2018 | n/a | n/a | -US$92m |
| Dec 31 2017 | US$11m | US$750k | -US$166m |
Compensation vs Market: Mark's total compensation ($USD7.73M) is below average for companies of similar size in the US market ($USD12.73M).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
CEO
Mark Widmar (58 yo)
8.3yrs
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 8.3yrs | US$7.73m | 0.076% $ 15.3m | |
| Chief Financial Officer | 8.3yrs | US$3.12m | 0.029% $ 5.7m | |
| Chief Technology Officer | 4yrs | US$2.89m | 0.0083% $ 1.7m | |
| Executive VP | 4.7yrs | US$2.93m | 0.012% $ 2.5m | |
| Chief Manufacturing Officer | 4.3yrs | US$2.92m | 0.0033% $ 665.9k | |
| Chief Accounting Officer | 5yrs | no data | 0% $ 0 | |
| VP of Investor Relations & Treasurer | no data | no data | no data | |
| Chief People & Communications Officer | 5.1yrs | US$1.67m | 0.021% $ 4.1m | |
| Chief Supply Chain Officer | 9.2yrs | no data | 0.0073% $ 1.5m | |
| Chief Commercial Officer | 8.3yrs | US$2.47m | 0.035% $ 7.0m | |
| Chief Product Officer | 4.3yrs | no data | 0.0032% $ 649.9k |
5.0yrs
Average Tenure
50.5yo
Average Age
Experienced Management: FSLR's management team is seasoned and experienced (5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 8.3yrs | US$7.73m | 0.076% $ 15.3m | |
| Independent Director | 21.3yrs | US$305.30k | 0.016% $ 3.2m | |
| Independent Director | 17.9yrs | US$295.30k | 0.020% $ 4.0m | |
| Lead Independent Director | 14.4yrs | US$287.80k | 0.024% $ 4.8m | |
| Chairman of the Board | 24.8yrs | US$405.56k | 0.10% $ 20.9m | |
| Independent Director | 2.5yrs | US$315.30k | 0.0027% $ 533.6k | |
| Independent Director | 3.3yrs | US$280.30k | 0.0034% $ 692.0k | |
| Independent Director | less than a year | no data | 0.00036% $ 72.2k | |
| Independent Director | 7.4yrs | US$302.80k | 0.014% $ 2.9m | |
| Independent Director | 2.5yrs | US$280.30k | 0.0030% $ 609.8k |
7.9yrs
Average Tenure
61yo
Average Age
Experienced Board: FSLR's board of directors are considered experienced (7.9 years average tenure).