First Solar Management
Management criteria checks 4/4
First Solar's CEO is Mark Widmar, appointed in Jul 2016, has a tenure of 7.75 years. total yearly compensation is $7.73M, comprised of 12.5% salary and 87.5% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth $21.35M. The average tenure of the management team and the board of directors is 4.5 years and 11.9 years respectively.
Key information
Mark Widmar
Chief executive officer
US$7.7m
Total compensation
| CEO salary percentage | 12.5% |
| CEO tenure | 7.8yrs |
| CEO ownership | 0.1% |
| Management average tenure | 4.5yrs |
| Board average tenure | 11.9yrs |
Recent management updates
Recent updates
Getting In Cheap On First Solar, Inc. (NASDAQ:FSLR) Is Unlikely
Apr 17
First 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 25First Solar: Mr. Market Overcompensates - Don't Be Trapped By The Rally
Oct 12First Solar: Stock Has Doubled, Best Point To Buy?
Oct 06First Solar: Prepare For A Solar Boom Like Never Before
Sep 08Does First Solar (NASDAQ:FSLR) Have A Healthy Balance Sheet?
Aug 22First Solar Stock To Be A Big Winner As The Market Realizes The Impact Of The Inflation Reduction Act
Aug 08First Solar: Climate Bill Is A Game Changer
Aug 01At US$72.59, Is First Solar, Inc. (NASDAQ:FSLR) Worth Looking At Closely?
Jul 25First Solar to supply 93 MW of First Solar Modules to Solarvest for Malaysian projects
Jul 21Do Not Buy First Solar Yet
May 20These 4 Measures Indicate That First Solar (NASDAQ:FSLR) Is Using Debt Reasonably Well
Apr 28Is Now An Opportune Moment To Examine First Solar, Inc. (NASDAQ:FSLR)?
Apr 10CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 ($USD13.51M).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
CEO
Mark Widmar (57 yo)
7.8yrs
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 | 7.8yrs | US$7.73m | 0.11% $ 21.4m | |
| Chief Financial Officer | 7.8yrs | US$3.12m | 0.044% $ 8.4m | |
| Chief Technology Officer | 3.4yrs | US$2.89m | 0.012% $ 2.3m | |
| Executive VP | 4.1yrs | US$2.93m | 0.015% $ 2.8m | |
| Chief Manufacturing Officer | 3.8yrs | US$2.92m | 0.0048% $ 931.0k | |
| Chief Accounting Officer | 4.4yrs | no data | 0.0021% $ 408.6k | |
| Chief People & Communications Officer | 4.5yrs | US$1.67m | 0.032% $ 6.2m | |
| Chief Supply Chain Officer | 8.6yrs | no data | 0.012% $ 2.2m | |
| Chief Commercial Officer | 7.8yrs | US$2.47m | 0.035% $ 6.7m | |
| Chief Product Officer | 3.8yrs | no data | 0.011% $ 2.2m |
4.5yrs
Average Tenure
49.5yo
Average Age
Experienced Management: FSLR's management team is considered experienced (4.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 7.8yrs | US$7.73m | 0.11% $ 21.4m | |
| Independent Director | 20.8yrs | US$305.30k | 0.019% $ 3.7m | |
| Independent Director | 17.3yrs | US$295.30k | 0.023% $ 4.5m | |
| Lead Independent Director | 13.8yrs | US$287.80k | 0.024% $ 4.5m | |
| Independent Director | 16.6yrs | US$280.30k | 0.015% $ 2.9m | |
| Chairman of the Board | 24.3yrs | US$405.56k | 0.14% $ 26.6m | |
| Independent Director | 1.9yrs | US$315.30k | 0.0023% $ 443.3k | |
| Independent Director | 11.9yrs | US$295.30k | 0.024% $ 4.6m | |
| Independent Director | 2.8yrs | US$280.30k | 0.0031% $ 597.5k | |
| Independent Director | 11.9yrs | US$280.30k | 0.024% $ 4.7m | |
| Independent Director | 6.8yrs | US$302.80k | 0.014% $ 2.7m | |
| Independent Director | 1.9yrs | US$280.30k | 0.0027% $ 518.5k |
11.9yrs
Average Tenure
63.5yo
Average Age
Experienced Board: FSLR's board of directors are seasoned and experienced ( 11.9 years average tenure).