First Solar, Inc.FSLR

NasdaqEnergySemiconductors & Related Devices
Price (close)
$172.16
Market cap
$18.5B
P/E
10.6x
Revenue (TTM)
$5.4B
Net income
$1.7B
Dividend yield
—
1-year total return
-22.8%
Net margin
32.5%
Revenue growth
23.8%
Debt / equity
0.00x

What First Solar, Inc. does.

We are America’s leading PV solar technology and manufacturing company. The only U.S.-headquartered company among the world’s largest solar manufacturers, First Solar is focused on competitively and reliably enabling power generation needs with our advanced, uniquely American thin film PV technology. Developed at R&D labs in California and Ohio, our technology provides a competitive, high-performance, and responsibly produced alternative to conventional crystalline silicon PV solar modules. Our PV solar modules are produced using a fully integrated, continuous process that does not rely on Chinese crystalline silicon supply chains.

We are the world’s largest thin film PV solar module manufacturer and the largest PV solar module manufacturer in the Western Hemisphere. In addressing the overall global demand for electricity, PV solar modules provide energy at a lower levelized cost of electricity (“LCOE”), meaning the net present value of a system’s total life cycle costs divided by the quantity of energy that is expected to be produced over the system’s life, when compared to traditional forms of energy generation. With over $2 billion in cumulative R&D investments in the last 20 years, we have a demonstrated history of innovation and continuous improvement. We believe our strategies and points of differentiation provide the foundation for our competitive position and enable us to remain one of the preferred providers of PV solar modules.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$2.7B$2.9B$2.6B$3.3B$4.2B$5.2B
Net income$398.4M$468.7M-$44.2M$830.8M$1.3B$1.5B
Free cash flow-$379.5M-$302.7M-$30.2M-$784.5M-$308.1M$1.2B

More on FSLR.

Figures from First Solar, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.