FSLR - First Solar Inc Stock Price, Fair Value and News

192.22USD-2.45 (-1.26%)Delayed as of 08 May 2024, 03:00 pm ET

Market Summary

USD192.22-2.45

Delayedas of 08 May 2024, 03:00 pm

-1.26%

FSLR Alerts

3 major insider sales recently.

Big jump in Revenue (Y/Y)
Big jump in Earnings (Y/Y)

FSLR Stock Price

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FSLR RSI Chart

FSLR Valuation

Market Cap

20.8B

Price/Earnings (Trailing)

20.33

Price/Sales (Trailing)

5.85

EV/EBITDA

13.37

Price/Free Cashflow

-39.71

FSLR Price/Sales (Trailing)

FSLR Profitability

EBT Margin

31.17%

Return on Equity

14.85%

Return on Assets

9.52%

Free Cashflow Yield

-2.52%

FSLR Fundamentals

FSLR Revenue

Revenue (TTM)

3.6B

Rev. Growth (Yr)

44.83%

Rev. Growth (Qtr)

-31.46%

FSLR Earnings

Earnings (TTM)

1.0B

Earnings Growth (Yr)

455.95%

Earnings Growth (Qtr)

-32.25%

Breaking Down FSLR Revenue

52 Week Range

143.56232.00

(Low)(High)

Last 7 days

10.4%

Last 30 days

11.5%

Last 90 days

33.8%

Trailing 12 Months

9.7%

How does FSLR drawdown profile look like?

FSLR Financial Health

Current Ratio

2.41

Debt/Equity

0.06

Debt/Cashflow

2.16

FSLR Investor Care

Shares Dilution (1Y)

0.20%

Diluted EPS (TTM)

9.54

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	3.6B	0	0	0
2023	2.8B	3.0B	3.2B	3.3B
2022	2.5B	2.5B	2.5B	2.6B
2021	3.0B	3.0B	2.6B	2.9B
2020	3.1B	3.1B	3.5B	2.7B
2019	2.2B	2.5B	2.4B	3.1B
2018	2.6B	2.3B	1.9B	2.2B
2017	2.9B	2.5B	2.9B	2.9B
2016	4.5B	4.6B	4.0B	2.9B
2015	2.9B	3.3B	3.6B	4.1B
2014	3.5B	3.5B	3.2B	3.4B
2013	3.6B	3.2B	3.6B	3.3B
2012	2.7B	3.1B	3.0B	3.4B
2011	2.6B	2.5B	2.7B	2.8B
2010	2.2B	2.3B	2.6B	2.6B
2009	1.5B	1.7B	1.9B	2.1B
2008	0	751.4M	998.9M	1.2B
2007	0	0	0	504.0M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of First Solar Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 06, 2024	kennedy r craig	sold	-393,456	196	-2,000	-
Apr 04, 2024	antoun georges	sold	-422,400	176	-2,400	chief commercial officer
Apr 04, 2024	gloeckler markus	sold	-338,975	175	-1,937	chief technology officer
Apr 01, 2024	antoun georges	sold	-407,328	169	-2,400	chief commercial officer
Mar 29, 2024	hambro george a	acquired	-	-	267	-
Mar 29, 2024	post william j	acquired	-	-	267	-
Mar 29, 2024	george anita m.	sold (taxes)	-13,504	168	-80.00	-
Mar 29, 2024	kennedy r craig	acquired	-	-	267	-
Mar 29, 2024	chapman richard d	acquired	-	-	267	-
Mar 29, 2024	george anita m.	acquired	-	-	267	-

Which funds bought or sold FSLR recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	Manchester Capital Management LLC	reduced	-35.52	-28,040	48,108	0.01%
May 06, 2024	Empowered Funds, LLC	reduced	-71.35	-818,888	319,538	0.01%
May 06, 2024	PENOBSCOT WEALTH MANAGEMENT	added	0.76	-3,000	223,000	0.14%
May 06, 2024	Jefferies Financial Group Inc.	sold off	-100	-403,975	-	-%
May 06, 2024	NEW YORK LIFE INVESTMENT MANAGEMENT LLC	reduced	-3.65	-153,156	2,582,130	0.03%
May 06, 2024	Empirical Finance, LLC	added	8.37	16,921	290,674	0.02%
May 06, 2024	Marquette Asset Management, LLC	unchanged	-	-10,273	498,298	0.09%
May 06, 2024	Integrated Advisors Network LLC	added	157	443,482	733,774	0.04%
May 06, 2024	SFE Investment Counsel	added	47.67	2,879,210	9,322,490	2.11%
May 06, 2024	Advisory Services Network, LLC	added	83.04	107,983	244,085	-%

Are Funds Buying or Selling FSLR?

Are funds buying FSLR calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own FSLR

No. of Funds

Unveiling First Solar Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	11.37%	12,151,757	SC 13G/A
Jan 26, 2024	ebrahimi farhad fred	5.10%	5,451,425	SC 13D
Jan 23, 2024	blackrock inc.	11.8%	12,566,291	SC 13G/A
Feb 06, 2023	wellington management group llp	3.76%	4,004,643	SC 13G/A
Jan 30, 2023	blackrock inc.	12.5%	13,347,707	SC 13G/A
Jan 10, 2023	vanguard group inc	10.85%	11,570,363	SC 13G/A
Sep 15, 2022	ebrahimi farhad fred	4.70%	5,007,198	SC 13D/A
Jun 28, 2022	ebrahimi farhad fred	5.32%	5,667,271	SC 13D/A
Feb 04, 2022	wellington management group llp	7.68%	8,164,162	SC 13G/A
Jan 28, 2022	blackrock inc.	12.8%	13,598,161	SC 13G/A

Recent SEC filings of First Solar Inc

View All Filings

Date Filed	Form Type	Document
May 07, 2024	4	Insider Trading
May 06, 2024	144	Notice of Insider Sale Intent
May 01, 2024	10-Q	Quarterly Report
May 01, 2024	8-K	Current Report
Apr 05, 2024	4	Insider Trading
Apr 05, 2024	4	Insider Trading
Apr 04, 2024	144	Notice of Insider Sale Intent
Apr 04, 2024	144	Notice of Insider Sale Intent
Apr 02, 2024	4	Insider Trading
Apr 02, 2024	4	Insider Trading

Peers (Alternatives to First Solar Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
FSLR	20.8B	3.6B	11.49%	9.70%	20.33	5.85	27.28%	2360.58%
ENPH	15.6B	1.8B	2.34%	-29.63%	56.65	8.55	-30.11%	-43.96%
MID-CAP
SEDG	3.4B	3.0B	-11.98%	-79.88%	97.68	1.13	-4.30%	-63.39%
RUN	2.6B	2.3B	-0.68%	-31.65%	-1.61	1.14	-2.65%	-1025.44%
SMALL-CAP
BEEM	92.4B	67.4M	-	-35.33%	-5.8K	1.4K	86.60%	18.40%
ARRY	2.0B	1.6B	-2.97%	-28.24%	14.76	1.28	-3.72%	2996.57%
SHLS	1.5B	474.7M	-15.32%	-55.43%	51.48	3.16	30.38%	-79.56%
SPWR	408.6M	1.8B	-12.03%	-79.38%	-3.38	0.22	14.74%	-307.59%
FTCI	71.6M	127.0M	3.64%	-78.41%	-1.42	0.56	3.20%	49.51%
SUNW	1.7M	154.9M	-	-97.50%	-0.02	0.01	10.63%	-80.26%
ASTI	379.4K	458.3K	-67.74%	-60.00%	-0.02	0.83	-62.52%	13.59%

First Solar Inc News

Latest updates

First Solar Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-31.5%	794	1,159	801	811	548	1,002	629	621	367	907	584	629	803	609	928	642	532	1,399	547	585	532
Gross Profit	-31.1%	346	502	376	310	112	61.00	21.00	-23.20	11.00	246	125	174	185	160	293	137	90.00	334	138	77.00	0.00
Operating Expenses	-6.2%	104	111	103	142	94.00	107	95.00	77.00	71.00	73.00	72.00	62.00	83.00	102	86.00	87.00	89.00	451	97.00	86.00	77.00
S&GA Expenses	-19.7%	46.00	57.00	50.00	46.00	44.00	43.00	46.00	39.00	37.00	38.00	43.00	36.00	52.00	63.00	50.00	52.00	59.00	56.00	54.00	51.00	45.00
R&D Expenses	-2.6%	43.00	44.00	41.00	37.00	31.00	31.00	29.00	25.00	27.00	30.00	25.00	24.00	20.00	23.00	23.00	22.00	26.00	25.00	25.00	24.00	22.00
EBITDA Margin	12.3%	0.41*	0.37*	0.25*	0.15*	0.14*	0.11*	0.18*	0.23*	0.21*	0.29*	0.28*	0.29*	-	-	-	-	-	-	-	-	-
Interest Expenses	30.3%	9.00	7.00	4.00	1.00	1.00	3.00	3.00	3.00	3.00	3.00	3.00	5.00	3.00	3.00	11.00	3.00	7.00	3.00	5.00	9.00	10.00
Income Taxes	-31.1%	19.00	27.00	22.00	18.00	-6.89	1.00	-12.51	84.00	-19.50	36.00	1.00	20.00	46.00	-66.40	38.00	10.00	-89.21	-30.86	15.00	12.00	-1.39
Earnings Before Taxes	-32.2%	256	377	290	188	36.00	-6.57	-61.68	140	-62.75	167	46.00	103	256	52.00	193	47.00	2.00	-90.19	46.00	-6.71	-68.82
EBT Margin	16.1%	0.31*	0.27*	0.16*	0.05*	0.04*	0.00*	0.07*	0.12*	0.10*	0.20*	0.17*	0.20*	-	-	-	-	-	-	-	-	-
Net Income	-32.2%	237	349	268	171	43.00	-7.55	-49.17	56.00	-43.25	131	45.00	82.00	210	116	155	37.00	91.00	-59.41	31.00	-18.55	-67.60
Net Income Margin	14.9%	0.29*	0.25*	0.15*	0.05*	0.01*	-0.02*	0.04*	0.08*	0.09*	0.16*	0.17*	0.19*	-	-	-	-	-	-	-	-	-
Free Cashflow	-168.0%	-145	214	-120	-472	-405	468	-94.28	-110	-293	-160	141	87.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	3.8%	10,761	10,365	9,583	8,997	8,565	8,251	7,493	7,419	7,399	7,414	7,269	7,248	7,109	7,109	6,985	7,073	6,949	7,516	7,055	7,138	7,257
Current Assets	-8.5%	4,241	4,635	3,824	3,661	3,620	3,791	3,339	3,383	2,995	3,191	3,046	3,155	3,137	3,015	2,800	2,731	2,748	3,600	3,043	3,412	3,663
Cash Equivalents	-12.5%	1,703	1,947	1,493	830	907	1,481	1,161	1,709	1,335	1,456	1,386	1,633	1,234	1,274	1,317	1,148	1,019	1,447	976	1,334	1,207
Inventory	18.4%	971	820	883	756	751	621	811	810	841	666	647	603	550	568	568	518	480	444	577	587	459
Net PPE	11.8%	4,916	4,397	4,073	4,020	3,859	3,537	3,124	2,989	2,786	2,650	2,506	2,397	2,398	2,402	2,387	2,324	2,244	2,181	2,107	2,006	1,859
Goodwill	-3.2%	29.00	30.00	28.00	29.00	14.00	14.00	14.00	14.00	14.00	14.00	14.00	14.00	14.00	14.00	14.00	14.00	14.00	14.00	14.00	14.00	14.00
Liabilities	4.9%	3,858	3,678	3,280	2,958	2,696	2,415	1,664	1,524	1,524	1,454	1,439	1,465	1,414	1,588	1,589	1,846	1,781	2,419	1,872	2,003	2,128
Current Liabilities	34.6%	1,759	1,306	1,199	1,091	1,174	1,038	816	804	735	727	715	661	669	847	731	747	732	1,318	761	843	837
Long Term Debt	-9.8%	419	464	464	437	320	184	254	170	247	236	241	276	254	238	220	388	391	454	452	453	558
LT Debt, Current	-	-	-	35.00	-	-	-	5.00	5.00	5.00	4.00	37.00	3.00	2.00	42.00	-	-	-	18.00	-	-	-
LT Debt, Non Current	-100.0%	-	464	464	437	320	184	254	170	247	236	241	276	254	238	-	-	-	454	-	-	-
Shareholder's Equity	3.2%	6,903	6,687	6,302	6,040	5,869	5,836	5,828	5,896	5,875	5,960	5,830	5,784	5,695	5,521	5,396	5,227	5,169	5,097	5,182	5,135	5,129
Retained Earnings	6.0%	4,208	3,971	3,622	3,353	3,183	3,140	3,148	3,197	3,141	3,184	3,053	3,008	2,925	2,716	2,600	2,445	2,408	2,327	2,386	2,355	2,374
Additional Paid-In Capital	-0.4%	2,878	2,890	2,879	2,872	2,866	2,887	2,880	2,869	2,863	2,871	2,866	2,859	2,854	2,867	2,856	2,849	2,844	2,849	2,836	2,827	2,814
Shares Outstanding	0.2%	107	107	107	107	107	107	107	107	106	106	106	106	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	20,200	-	-	-	7,200	-	-	-	9,600	-	-	-	4,100	-	-	-	5,400	-

Cashflow (Last 12 Months)

(In Thousands)

Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-52.3%	267,723	561,109	165,427	-89,678	-34,598	795,215	128,975	88,018	-138,839	34,467	305,321	177,249	-279,478	186,318	207,897	147,769	-504,864	781,693	-317,622	13,570	-303,440
Share Based Compensation	-38.3%	6,791	11,010	8,198	8,411	6,600	7,535	11,854	5,764	3,503	5,928	6,429	5,430	3,115	11,078	7,209	3,776	7,204	12,021	9,626	10,763	5,019
Cashflow From Investing	-228.4%	-568,628	-173,161	443,992	-98,395	-645,227	-570,055	-760,806	141,231	-2,944	-15,751	-553,377	198,250	271,838	-247,549	35,035	-15,159	96,446	-307,663	-36,749	121,885	-139,771
Cashflow From Financing	-33.0%	40,697	60,739	59,536	108,892	107,686	99,931	83,845	119,852	5,764	49,760	-120	22,361	-31,451	15,609	-75,527	-9,229	-13,440	-6,799	1,023	-7,119	87,838

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FSLR Income Statement

2024-03-31

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Net sales	$ 794,108	$ 548,286
Cost of sales	448,105	436,235
Gross profit	346,003	112,051
Operating expenses:
Selling, general and administrative	45,827	44,028
Research and development	42,742	30,510
Production start-up	15,408	19,494
Total operating expenses	103,977	94,032
Gain on sales of businesses, net	1,115	(17)
Operating income	243,141	18,002
Foreign currency loss, net	(2,858)	(5,947)
Interest income	27,245	25,822
Interest expense, net	(9,210)	(748)
Other expense, net	(2,799)	(1,456)
Income before taxes	255,519	35,673
Income tax (expense) benefit	(18,903)	6,888
Net income	$ 236,616	$ 42,561
Net income per share:
Basic	$ 2.21	$ 0.40
Diluted	$ 2.20	$ 0.40
Weighted-average number of shares used in per share calculations:
Basic	106,910	106,675
Diluted	107,407	107,154

FSLR Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 1,682,081	$ 1,946,994
Marketable securities	308,016	155,495
Accounts receivable trade, net	669,745	660,776
Government grants receivable, net	184,761	659,745
Inventories	970,871	819,899
Other current assets	425,919	391,900
Total current assets	4,241,393	4,634,809
Property, plant and equipment, net	4,915,686	4,397,285
Deferred tax assets, net	169,767	142,819
Restricted marketable securities	194,482	198,310
Government grants receivable	347,845	152,208
Goodwill	28,735	29,687
Intangibles assets, net	61,889	64,511
Inventories	265,034	266,899
Other assets	535,751	478,604
Total assets	10,760,582	10,365,132
Current liabilities:
Accounts payable	239,237	207,178
Income taxes payable	52,060	22,134
Accrued expenses	528,060	524,829
Current portion of debt	200,907	96,238
Deferred revenue	692,675	413,579
Other current liabilities	45,778	42,200
Total current liabilities	1,758,717	1,306,158
Accrued solar module collection and recycling liability	134,250	135,123
Long-term debt	418,695	464,068
Deferred revenue	1,375,407	1,591,604
Other liabilities	170,999	180,710
Total liabilities	3,858,068	3,677,663
Commitments and contingencies
Stockholders' equity:
Common stock, $0.001 par value per share; 500,000,000 shares authorized; 107,041,246 and 106,847,475 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively	107	107
Additional paid-in capital	2,878,330	2,890,427
Accumulated earnings	4,207,682	3,971,066
Accumulated other comprehensive loss	(183,605)	(174,131)
Total stockholders' equity	6,902,514	6,687,469
Total liabilities and stockholders' equity	$ 10,760,582	$ 10,365,132

About First Solar Inc

First Solar, Inc. provides photovoltaic (PV) solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally. The company designs, manufactures, and sells cadmium telluride solar modules that converts sunlight into electricity. It serves developers and operators of systems, 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.

CEO	Mr. Mark R. Widmar
WEBSITE	firstsolar.com
INDUSTRY	Solar
EMPLOYEES	5500

First Solar Inc Frequently Asked Questions

What is the ticker symbol for First Solar Inc? What does FSLR stand for in stocks?

FSLR is the stock ticker symbol of First Solar Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of First Solar Inc (FSLR)?

As of Tue May 07 2024, market cap of First Solar Inc is 20.84 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of FSLR stock?

You can check FSLR's fair value in chart for subscribers.

What is the fair value of FSLR stock?

You can check FSLR's fair value in chart for subscribers. The fair value of First Solar Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of First Solar Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for FSLR so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is First Solar Inc a good stock to buy?

The fair value guage provides a quick view whether FSLR is over valued or under valued. Whether First Solar Inc is cheap or expensive depends on the assumptions which impact First Solar Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for FSLR.

What is First Solar Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 07 2024, FSLR's PE ratio (Price to Earnings) is 20.33 and Price to Sales (PS) ratio is 5.85. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. FSLR PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on First Solar Inc's stock?

In the past 10 years, First Solar Inc has provided 0.119 (multiply by 100 for percentage) rate of return.