First Solar, Inc. provides photovoltaic solar energy solutions in the United States and internationally. It operates through two segments, Components and Systems. The Components segment designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity. This segment offers its products to integrators and operators. The Systems segment provides turn-key photovoltaic solar power systems or solar 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.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorOils/Energy
SymbolNASDAQ:FSLR
CUSIP33643310
Phone602-414-9300
Debt
Debt-to-Equity Ratio0.08
Current Ratio6.81
Quick Ratio6.49
Price-To-Earnings
Trailing P/E Ratio20.80
Forward P/E Ratio30.61
P/E Growth2.8
Sales & Book Value
Annual Sales$2.94 billion
Price / Sales1.92
Cash Flow$3.7056 per share
Price / Cash14.54
Book Value$48.82 per share
Price / Book1.10
Profitability
EPS (Most Recent Fiscal Year)$2.59
Net Income$-165,610,000.00
Net Margins-3.51%
Return on Equity6.26%
Return on Assets4.81%
Miscellaneous
Employees4,100
Outstanding Shares104,760,000
Market Cap$5,657.21
First Solar (NASDAQ:FSLR) Frequently Asked Questions
What is First Solar's stock symbol?
First Solar trades on the NASDAQ under the ticker symbol "FSLR."
How were First Solar's earnings last quarter?
First Solar, Inc. (NASDAQ:FSLR) released its quarterly earnings results on Thursday, April, 26th. The solar cell manufacturer reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of ($0.08) by $0.86. The solar cell manufacturer earned $567 million during the quarter, compared to analysts' expectations of $421.47 million. First Solar had a positive return on equity of 6.26% and a negative net margin of 3.51%. First Solar's quarterly revenue was down 36.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS. View First Solar's Earnings History.
When is First Solar's next earnings date?
What guidance has First Solar issued on next quarter's earnings?
First Solar updated its FY18 earnings guidance on Thursday, April, 26th. The company provided earnings per share (EPS) guidance of $1.50-1.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.66. The company issued revenue guidance of $2.45-2.65 billion, compared to the consensus revenue estimate of $2.57 billion.
What price target have analysts set for FSLR?
19 analysts have issued 1 year target prices for First Solar's shares. Their forecasts range from $42.00 to $94.00. On average, they anticipate First Solar's share price to reach $69.00 in the next year. This suggests a possible upside of 28.1% from the stock's current price. View Analyst Ratings for First Solar.
What is the consensus analysts' recommendation for First Solar?
19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Solar in the last year. There are currently 3 sell ratings, 5 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
What are Wall Street analysts saying about First Solar stock?
Here are some recent quotes from research analysts about First Solar stock:
- 1. According to Zacks Investment Research, "First Solar faces intense competition from manufacturers of crystalline-silicon solar modules, and other types of solar modules and PV systems with respect to reliability and selling price per watt. Though the company presently has a competitive edge over its peers, the current economic scenario does not guarantee such advantages to continue in the future. First Solar is also exposed to various geopolitical and other risks and extensive regulations as it has an international presence. However, the company has installed more than 7.5 GW installed worldwide, making it the leading global provider of PV energy solutions.It also outperformed the industry in the last one year." (7/4/2018)
- 2. JMP Securities analysts commented, "CL’s 1Q print was disappointing w/org sales of +1.5% (vs. +3% Street) – on 0.5%/2.5% EM/DM growth – and modest GM% downside, offset by lower total SG&A, driving a low-quality EPS beat ($0.74 vs. $0.73). CL lowered its org sales guide to +low-single-digits % (vs. +low-to-mid % prior), though reaffirmed its EPS guide of +low-double-digits (~$3.16-$3.21 vs. Street $3.17). Shares should trade lower and, at 20.5x P/E (25% prem. to staples), CL’s multiple is at risk. Low-quality 1Q beat highlighted by org sales miss, lower SG&A: CL reported sales of $4.0B, ~0.5% below Street est., including soft +1.5% org sales growth (vs. Street +3.1%). GM% of 60.3% was down -35 bps YoY and modestly (-15 bps) below Street estimates. Ex-pension accounting change, we est. total SG&A was ~115 bps better (35.7% vs. Street 36.8%), incl A&M below our f-cast (10.4% vs. 10.9%), driving a +3% pretax profit beat. Below-the-line items were a ~$0.02 drag vs. our model, driving EPS of $0.74, $0.01 ahead of Street/JEF $0.73." (4/27/2018)
Are investors shorting First Solar?
First Solar saw a increase in short interest in June. As of June 15th, there was short interest totalling 7,260,728 shares, an increase of 75.2% from the May 31st total of 4,143,412 shares. Based on an average trading volume of 6,017,251 shares, the short-interest ratio is currently 1.2 days. Approximately 9.7% of the company's stock are sold short. View First Solar's Current Options Chain.
Who are some of First Solar's key competitors?
Some companies that are related to First Solar include Microchip Technology (MCHP), STMicroelectronics (STM), Kyocera (KYO), Skyworks Solutions (SWKS), Xilinx (XLNX), Maxim Integrated Products (MXIM), Advanced Micro Devices (AMD), IPG Photonics (IPGP), Marvell Technology Group (MRVL), ON Semiconductor (ON), Qorvo (QRVO), ASE INDL HLDG C/S (ASX), Microsemi (MSCC), United Microelectronics (UMC) and Cypress Semiconductor (CY).
Who are First Solar's key executives?
First Solar's management team includes the folowing people:
- Mr. Mark R. Widmar, CEO & Director (Age 52)
- Mr. Alexander R. Bradley, Chief Financial Officer (Age 37)
- Mr. Philip Tymen deJong, Chief Operating Officer (Age 58)
- Mr. Raffi Garabedian, Chief Technology Officer (Age 51)
- Mr. Georges J. Antoun, Chief Commercial Officer (Age 55)
Has First Solar been receiving favorable news coverage?
News stories about FSLR stock have trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. First Solar earned a news sentiment score of 0.24 on Accern's scale. They also assigned news articles about the solar cell manufacturer an impact score of 47.11 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near term.
Who are First Solar's major shareholders?
First Solar's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Calamos Advisors LLC (0.82%), Handelsbanken Fonder AB (0.28%), DnB Asset Management AS (0.20%), Daiwa SB Investments Ltd. (0.04%), Cornerstone Wealth Management LLC (0.02%) and Municipal Employees Retirement System of Michigan (0.02%). Company insiders that own First Solar stock include Alexander R Bradley, Bryan Robert Schumaker, Christopher Bueter, George A Hambro, Georges Antoun, J Thomas Presby, James Alton Hughes, Mark R Widmar, Paul J Kaleta, Philip Dejong and Raffi Garabedian. View Institutional Ownership Trends for First Solar.
Which institutional investors are selling First Solar stock?
FSLR stock was sold by a variety of institutional investors in the last quarter, including DnB Asset Management AS, James Investment Research Inc., Municipal Employees Retirement System of Michigan, Winfield Associates Inc., CenturyLink Investment Management Co, CENTRAL TRUST Co, Dubuque Bank & Trust Co. and Rathbone Brothers plc. Company insiders that have sold First Solar company stock in the last year include Alexander R Bradley, Bryan Robert Schumaker, Georges Antoun, Mark R Widmar, Paul J Kaleta, Philip Dejong and Raffi Garabedian. View Insider Buying and Selling for First Solar.
Which institutional investors are buying First Solar stock?
FSLR stock was purchased by a variety of institutional investors in the last quarter, including Calamos Advisors LLC, Handelsbanken Fonder AB, Daiwa SB Investments Ltd., Cornerstone Wealth Management LLC, Clinton Group Inc., Osborn Williams & Donohoe LLC, Hartford Investment Management Co. and Nisa Investment Advisors LLC. Company insiders that have bought First Solar stock in the last two years include George A Hambro and J Thomas Presby. View Insider Buying and Selling for First Solar.
How do I buy shares of First Solar?
Shares of FSLR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is First Solar's stock price today?
One share of FSLR stock can currently be purchased for approximately $53.88.
How big of a company is First Solar?
First Solar has a market capitalization of $5.66 billion and generates $2.94 billion in revenue each year. The solar cell manufacturer earns $-165,610,000.00 in net income (profit) each year or $2.59 on an earnings per share basis. First Solar employs 4,100 workers across the globe.
How can I contact First Solar?
First Solar's mailing address is 350 WEST WASHINGTON STREET SUITE 600, TEMPE AZ, 85281. The solar cell manufacturer can be reached via phone at 602-414-9300 or via email at [email protected]
MarketBeat Community Rating for First Solar (NASDAQ FSLR)
MarketBeat's community ratings are surveys of what our community members think about First Solar and other stocks. Vote "Outperform" if you believe FSLR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FSLR will underperform the S&P 500 over the long term. You may vote once every thirty days.
