First Solar Past Earnings Performance
Past criteria checks 4/6
First Solar has been growing earnings at an average annual rate of 42.8%, while the Semiconductor industry saw earnings growing at 20.7% annually. Revenues have been growing at an average rate of 4.1% per year. First Solar's return on equity is 16.4%, and it has net margins of 32.4%.
Key information
42.8%
Earnings growth rate
42.5%
EPS growth rate
| Semiconductor Industry Growth | 27.7% |
| Revenue growth rate | 4.1% |
| Return on equity | 16.4% |
| Net Margin | 32.4% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
First Solar Could Be Well Poised As A Future Leader In Renewable Energy
Dec 20First Solar: Quick Gains Likely Behind Us - Slow & Steady Ahead
Dec 07We Think First Solar (NASDAQ:FSLR) Can Stay On Top Of Its Debt
Dec 02
First Solar: Dominant Market Position
Nov 19Here's Why We Think First Solar (NASDAQ:FSLR) Might Deserve Your Attention Today
Nov 18The 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 04Revenue & Expenses Breakdown
How First Solar makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 3,851 | 1,248 | 275 | 189 |
| 30 Jun 24 | 3,764 | 1,204 | 264 | 180 |
| 31 Mar 24 | 3,564 | 1,025 | 260 | 165 |
| 31 Dec 23 | 3,319 | 831 | 262 | 152 |
| 30 Sep 23 | 3,162 | 474 | 271 | 140 |
| 30 Jun 23 | 2,990 | 156 | 275 | 128 |
| 31 Mar 23 | 2,801 | 42 | 257 | 116 |
| 31 Dec 22 | 2,619 | -44 | 238 | 113 |
| 30 Sep 22 | 2,524 | 95 | 206 | 111 |
| 30 Jun 22 | 2,479 | 189 | 186 | 108 |
| 31 Mar 22 | 2,487 | 216 | 172 | 106 |
| 31 Dec 21 | 2,923 | 469 | 191 | 99 |
| 30 Sep 21 | 2,625 | 453 | 227 | 92 |
| 30 Jun 21 | 2,969 | 563 | 244 | 89 |
| 31 Mar 21 | 2,983 | 517 | 264 | 88 |
| 31 Dec 20 | 2,711 | 398 | 263 | 94 |
| 30 Sep 20 | 3,501 | 223 | 247 | 96 |
| 30 Jun 20 | 3,121 | 99 | 256 | 98 |
| 31 Mar 20 | 3,063 | 43 | 260 | 100 |
| 31 Dec 19 | 3,063 | -115 | 251 | 97 |
| 30 Sep 19 | 2,355 | -3 | 254 | 93 |
| 30 Jun 19 | 2,484 | 24 | 230 | 90 |
| 31 Mar 19 | 2,209 | -6 | 244 | 86 |
| 31 Dec 18 | 2,244 | 144 | 268 | 84 |
| 30 Sep 18 | 1,892 | -340 | 277 | 87 |
| 30 Jun 18 | 2,303 | -192 | 292 | 85 |
| 31 Mar 18 | 2,617 | -92 | 274 | 86 |
| 31 Dec 17 | 2,941 | -166 | 245 | 89 |
| 30 Sep 17 | 2,933 | -484 | 240 | 94 |
| 30 Jun 17 | 2,527 | -539 | 238 | 106 |
| 31 Mar 17 | 2,920 | -603 | 245 | 117 |
| 31 Dec 16 | 2,905 | -416 | 263 | 125 |
| 30 Sep 16 | 3,516 | 499 | 255 | 132 |
| 30 Jun 16 | 4,106 | 698 | 251 | 129 |
| 31 Mar 16 | 3,986 | 803 | 265 | 126 |
| 31 Dec 15 | 4,113 | 593 | 272 | 131 |
| 30 Sep 15 | 3,645 | 576 | 283 | 129 |
| 30 Jun 15 | 3,264 | 316 | 294 | 137 |
| 31 Mar 15 | 2,910 | 223 | 275 | 140 |
| 31 Dec 14 | 3,391 | 396 | 259 | 144 |
| 30 Sep 14 | 3,152 | 268 | 250 | 147 |
| 30 Jun 14 | 3,527 | 373 | 246 | 145 |
| 31 Mar 14 | 3,504 | 406 | 256 | 143 |
| 31 Dec 13 | 3,310 | 351 | 273 | 134 |
Quality Earnings: FSLR has a high level of non-cash earnings.
Growing Profit Margin: FSLR's current net profit margins (32.4%) are higher than last year (15%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: FSLR has become profitable over the past 5 years, growing earnings by 42.8% per year.
Accelerating Growth: FSLR's earnings growth over the past year (163.3%) exceeds its 5-year average (42.8% per year).
Earnings vs Industry: FSLR earnings growth over the past year (163.3%) exceeded the Semiconductor industry -3.6%.
Return on Equity
High ROE: FSLR's Return on Equity (16.4%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 04:38 |
| End of Day Share Price | 2024/12/30 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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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.
| Analyst | Institution |
|---|---|
| Anders Rosenlund | ABG Sundal Collier |
| Adam Krop | Ardour Capital Investments, LLC |
| James Fontanelli | Arete Research Services LLP |