First Solar, Inc. provides photovoltaic (PV) solar energy solutions in the United States and internationally.
Adequate balance sheet and fair value.
Share Price & News
How has First Solar's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FSLR's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: FSLR underperformed the US Semiconductor industry which returned -2.3% over the past year.
Return vs Market: FSLR underperformed the US Market which returned -15.1% over the past year.
Price Volatility Vs. Market
How volatile is First Solar's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StIf You Had Bought First Solar (NASDAQ:FSLR) Stock Five Years Ago, You'd Be Sitting On A 45% Loss, Today
1 month ago | Simply Wall StIs There Now An Opportunity In First Solar, Inc. (NASDAQ:FSLR)?
1 month ago | Simply Wall StFirst Solar (NASDAQ:FSLR) Has Debt But No Earnings; Should You Worry?
Is First Solar undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FSLR ($34.38) is trading below our estimate of fair value ($176.82)
Significantly Below Fair Value: FSLR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FSLR is unprofitable, so we can't compare its PE Ratio to the Semiconductor industry average.
PE vs Market: FSLR is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FSLR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FSLR is good value based on its PB Ratio (0.7x) compared to the US Semiconductor industry average (2.2x).
How is First Solar forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FSLR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: FSLR is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: FSLR's is expected to become profitable in the next 3 years.
Revenue vs Market: FSLR's revenue (0.5% per year) is forecast to grow slower than the US market (7.1% per year).
High Growth Revenue: FSLR's revenue (0.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FSLR's Return on Equity is forecast to be low in 3 years time (4%).
How has First Solar performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FSLR is currently unprofitable.
Growing Profit Margin: FSLR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: FSLR is unprofitable, and losses have increased over the past 5 years at a rate of -40.3% per year.
Accelerating Growth: Unable to compare FSLR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: FSLR is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (-30.5%).
Return on Equity
High ROE: FSLR has a negative Return on Equity (-2.26%), as it is currently unprofitable.
How is First Solar's financial position?
Financial Position Analysis
Short Term Liabilities: FSLR's short term assets ($3.6B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: FSLR's short term assets ($3.6B) exceed its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: FSLR's debt to equity ratio (9.4%) is considered satisfactory.
Reducing Debt: FSLR's debt to equity ratio has increased from 4.5% to 9.4% over the past 5 years.
Inventory Level: FSLR has a high level of physical assets or inventory.
Debt Coverage by Assets: FSLR's debt is covered by short term assets (assets are 7.5x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: FSLR has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: FSLR has been profitable on average in the past, therefore cash runway is not a concern.
What is First Solar's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FSLR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate FSLR's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if FSLR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FSLR's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FSLR's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mark Widmar (53yo)
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 ...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD7.03M) is about average for companies of similar size in the US market ($USD5.69M).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
|CEO & Director||3.75yrs||US$7.03m||0.16% $5.9m|
|Chief Financial Officer||3.75yrs||US$2.45m||0.025% $916.6k|
|Chief Operating Officer||4.75yrs||US$3.26m||0.024% $886.8k|
|Chief Technology Officer||7.92yrs||US$3.26m||0.014% $524.9k|
|Chief Commercial Officer||3.75yrs||US$3.35m||0.042% $1.5m|
|Global Controller & Chief Accounting Officer||0.42yr||no data||0.00078% $28.4k|
|Manager of Investor Relations||no data||no data||no data|
|Executive VP||6.08yrs||US$4.92m||0.026% $962.5k|
|Executive Vice President of Human Resources and Communications||0.50yr||no data||no data|
|Senior Vice President of Global Manufacturing||4.58yrs||no data||no data|
Experienced Management: FSLR's management team is considered experienced (3.8 years average tenure).
|CEO & Director||3.75yrs||US$7.03m||0.16% $5.9m|
|Independent Director||16.75yrs||US$285.14k||0.033% $1.2m|
|Independent Director||13.33yrs||US$272.38k||0.029% $1.1m|
|Independent Director||9.83yrs||US$260.14k||0.027% $993.1k|
|Independent Director||12.58yrs||US$260.14k||0.026% $939.2k|
|Chairman of the Board||17.25yrs||US$385.09k||0.13% $4.8m|
|Independent Director||7.92yrs||US$272.38k||0.027% $994.2k|
|Independent Director||6.75yrs||US$295.14k||0.019% $695.7k|
|Independent Director||7.92yrs||US$260.14k||0.026% $929.0k|
|Independent Director||2.83yrs||US$260.14k||0.0080% $291.6k|
Experienced Board: FSLR's board of directors are considered experienced (8.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
First Solar, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: First Solar, Inc.
- Ticker: FSLR
- Exchange: NasdaqGS
- Founded: 1999
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: US$3.640b
- Shares outstanding: 105.88m
- Website: https://www.firstsolar.com
Number of Employees
- First Solar, Inc.
- 350 West Washington Street
- Suite 600
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FSLR||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Nov 2006|
|F3A||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Nov 2006|
|F3A||XTRA (XETRA Trading Platform)||Yes||Common Stock||DE||EUR||Nov 2006|
|FSLR *||BMV (Bolsa Mexicana de Valores)||Yes||Common Stock||MX||MXN||Nov 2006|
|FSLR||SWX (SIX Swiss Exchange)||Yes||Common Stock||CH||CHF||Nov 2006|
|0R06||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Nov 2006|
|FSLR||WBAG (Wiener Boerse AG)||Yes||Common Stock||AT||EUR||Nov 2006|
|FSLR34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EA REPR 1/2 COM SHS USD0.001||BR||BRL||Aug 2016|
First Solar, Inc. provides photovoltaic (PV) solar energy solutions in the United States and internationally. It operates in two segments, Modules and Systems. The Modules segment designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity to integrators and operators of PV solar power systems. The Systems segment provides power plant solutions, such as project development; engineering, procurement, and construction; and operating and maintenance services to utilities, independent power producers, commercial and industrial companies, and other system owners. The company was formerly known as First Solar Holdings, Inc. and changed its name to First Solar, Inc. in 2006. First Solar, Inc. was founded in 1999 and is headquartered in Tempe, Arizona.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/05 07:04|
|End of Day Share Price||2020/04/03 00:00|
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.