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
Current SymbolNASDAQ:FSLR
Previous Symbol
CUSIP33643310
Phone602-414-9300
Debt
Debt-to-Equity Ratio0.09
Current Ratio4.48
Quick Ratio4.14
Price-To-Earnings
Trailing P/E Ratio16.87
Forward P/E Ratio28.75
P/E Growth1.74
Sales & Book Value
Annual Sales$2.94 billion
Price / Sales1.56
Cash Flow$3.8228 per share
Price / Cash11.43
Book Value$49.33 per share
Price / Book0.89
Profitability
EPS (Most Recent Fiscal Year)$2.59
Net Income$-165,610,000.00
Net Margins-17.98%
Return on Equity1.29%
Return on Assets0.95%
Miscellaneous
Employees4,100
Outstanding Shares104,820,000
Market Cap$4.45 billion
OptionableOptionable
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) announced its quarterly earnings results on Thursday, October, 25th. The solar cell manufacturer reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.09. The solar cell manufacturer had revenue of $676.22 million for the quarter, compared to analysts' expectations of $683.93 million. First Solar had a negative net margin of 17.98% and a positive return on equity of 1.29%. 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 FY 2018 earnings guidance on Thursday, October, 25th. The company provided earnings per share (EPS) guidance of $1.40-1.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.65. The company issued revenue guidance of $2.3-2.4 billion, compared to the consensus revenue estimate of $2.52 billion.
What price target have analysts set for FSLR?
17 Wall Street analysts have issued twelve-month target prices for First Solar's shares. Their forecasts range from $42.00 to $85.00. On average, they expect First Solar's stock price to reach $67.4667 in the next year. This suggests a possible upside of 52.3% from the stock's current price. View Analyst Price Targets for First Solar.
What is the consensus analysts' recommendation for First Solar?
17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Solar in the last year. There are currently 1 sell rating, 7 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for First Solar.
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 ended third quarter of 2018 on a mixed note. While the company’s earnings surpassed the Zacks Consensus Estimate, revenues missed the consensus mark. It has has installed more than 7.5 GW installed worldwide, making it the leading global provider of PV energy solutions. First Solar also continues to strengthen its presence in the Middle East, Australia, Japan and India. Currently the company is undergoing a strategic transition that involves replacement of its legacy manufacturing fleet, over the next several years, with the new Series 6 module. However, it 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. Moreover, the company's shares underperformed the industry in the last one year. It is also incurring high start-up cost in relation to manufacturing of the new Series 6 modules." (10/26/2018)
- 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)
Has First Solar been receiving favorable news coverage?
Media headlines about FSLR stock have been trending positive on Friday, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. First Solar earned a news sentiment score of 2.2 on InfoTrie's scale. They also gave press coverage about the solar cell manufacturer a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the near term.
Are investors shorting First Solar?
First Solar saw a increase in short interest in the month of October. As of October 31st, there was short interest totalling 9,054,488 shares, an increase of 40.5% from the October 15th total of 6,444,090 shares. Based on an average daily trading volume, of 2,448,984 shares, the days-to-cover ratio is presently 3.7 days. Currently, 12.1% of the company's stock are short sold. 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), Maxim Integrated Products (MXIM), Skyworks Solutions (SWKS), STMicroelectronics (STM), Marvell Technology Group (MRVL), ASE Technology (ASX), Qorvo (QRVO), ON Semiconductor (ON), IPG Photonics (IPGP), Integrated Device Technology (IDTI), Monolithic Power Systems (MPWR), Mellanox Technologies (MLNX), Cypress Semiconductor (CY), Cree (CREE) and SUMCO Corp/ADR (SUOPY).
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)
Who are First Solar's major shareholders?
First Solar's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.67%), AQR Capital Management LLC (1.77%), Dimensional Fund Advisors LP (1.42%), Luminus Management LLC (1.12%), JPMorgan Chase & Co. (1.07%) and JPMorgan Chase & Co. (1.07%). Company insiders that own First Solar stock include Alexander R Bradley, Bryan Robert Schumaker, George A Hambro, Georges Antoun, J Thomas Presby, Mark R Widmar, Paul J Kaleta, Philip Dejong and Raffi Garabedian. View Institutional Ownership Trends for First Solar.
Which major investors are selling First Solar stock?
FSLR stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Personal Capital Advisors Corp, JPMorgan Chase & Co., JPMorgan Chase & Co., Mackenzie Financial Corp, Russell Investments Group Ltd., Luminus Management LLC and WINTON GROUP Ltd. 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 major investors are buying First Solar stock?
FSLR stock was acquired by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Pictet Asset Management Ltd., DNB Asset Management AS, Assenagon Asset Management S.A., Connor Clark & Lunn Investment Management Ltd., BlueMountain Capital Management LLC, Daiwa SB Investments Ltd. and Credit Suisse AG. 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 $44.30.
How big of a company is First Solar?
First Solar has a market capitalization of $4.45 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.
What is First Solar's official website?
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.
