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First Solar Inc
Previous close
€183.40
Day range
€175.42 - €182.26
Year range
€123.66 - €279.70
Market cap
20.76B USD
Avg Volume
5.00
P/E ratio
-
Dividend yield
-
Primary exchange
NASDAQ
In the news
Financials
Income Statement
Revenue
Net income
(USD) | Sep 2024info | Y/Y change |
---|---|---|
Revenue | 887.67M | 10.81% |
Operating expense | 123.31M | 19.23% |
Net income | 312.96M | 16.60% |
Net profit margin | 35.26 | 5.25% |
Earnings per share | 2.91 | 16.40% |
EBITDA | 433.16M | 23.58% |
Effective tax rate | 4.39% | — |
Balance Sheet
Total assets
Total liabilities
(USD) | Sep 2024info | Y/Y change |
---|---|---|
Cash and short-term investments | 1.27B | -30.32% |
Total assets | 11.44B | 19.35% |
Total liabilities | 3.84B | 17.15% |
Total equity | 7.59B | — |
Shares outstanding | 107.06M | — |
Price to book | 2.59 | — |
Return on assets | 7.17% | — |
Return on capital | 9.96% | — |
Cash Flow
Net change in cash
(USD) | Sep 2024info | Y/Y change |
---|---|---|
Net income | 312.96M | 16.60% |
Cash from operations | -53.73M | -132.48% |
Cash from investing | -665.95M | -249.99% |
Cash from financing | 21.78M | -63.42% |
Net change in cash | -695.11M | -204.43% |
Free cash flow | -521.10M | -183.59% |
About
First Solar, Inc. is a publicly traded American manufacturer of solar panels, and provider of utility-scale PV power plants, supporting services that include finance, construction, maintenance and end-of-life panel recycling. First Solar uses rigid thin-film modules for its solar panels, and produces CdTe panels using cadmium telluride as a semiconductor.
The company was founded in 1990 by inventor Harold McMaster as Solar Cells, Inc. and the Florida Corporation in 1993 with JD Polk. In 1999 it was purchased by True North Partners, LLC, who rebranded it as First Solar, Inc.
The company went public in 2006, trading on the NASDAQ. Its current chief executive is Mark Widmar, who succeeded the previous CEO James Hughes July 1, 2016. First Solar is based in Tempe, Arizona.
In 2009, First Solar became the first solar panel manufacturing company to lower its manufacturing cost to $1 per watt. As of 2022, First Solar was considered the fourth-largest solar company on American stock exchanges by 12-month trailing revenue and in 2012 was ranked sixth in Fast Company's list of the world's 50 most innovative companies. Wikipedia
Founded
1999
Headquarters
Website
Employees
6,700