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About the company

First Solar, Inc. is a provider of photovoltaic (PV) solar energy solutions. The Company designs, manufactures and sells PV solar modules with a thin-film semiconductor technology. The Company also develops, designs, constructs and sells PV solar power systems that primarily use the modules it manufactures. It operates through two segments: components and systems. The components segment is engaged in the design, manufacture and sale of cadmium telluride (CdTe) solar modules, which convert sunlight into electricity. The systems segment includes the development, construction, operation and maintenance of PV solar power systems, which primarily use its solar modules. In addition, the Company provides operations and maintenance (O&M) services to system owners that use solar modules manufactured by it or by third-party manufacturers. The Company's solar modules had an average rated power per module of approximately 114 watts, as of December 31, 2016.

  • Revenue in USD (TTM)2.48bn
  • Net income in USD13.32m
  • Incorporated2003
  • Employees6.40k
  • Location
    First Solar Inc350 W Washington St Ste 600TEMPE 85281-1496United StatesUSA
  • Phone+1 (602) 414-9300
  • Fax+1 (602) 414-9400
  • Websitehttp://www.firstsolar.com
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Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Coherent, Inc.1.56bn111.39m3.81bn5.42k34.872.9316.582.454.555.1663.9654.260.722.055.13287,324.505.159.976.0511.8436.4942.947.1611.612.346.090.25910.0010.4018.6231.3532.8032.78--
Solaredge Technologies Inc1.10bn98.35m4.09bn1.74k42.306.0634.713.722.012.2522.5214.051.095.926.17631,622.909.69--12.52--32.31--8.85--1.9822.740.0341--54.39--23.17------
Cabot Microelectronics Corporation915.78m102.09m4.24bn1.22k40.304.1423.714.633.633.8732.3835.330.59884.508.75751,255.106.6810.957.2612.2045.2050.4411.1516.142.127.350.479314.7516.356.3847.7619.737.81--
Silicon Laboratories840.60m27.18m4.71bn1.51k177.304.4852.275.600.61280.728219.2124.250.52614.1210.12558,537.601.704.701.865.3660.5359.903.237.805.915.460.2558--12.938.406.959.5218.49--
Cree, Inc.1.08bn-57.90m4.75bn5.32k--2.3255.394.40-0.5516-3.5910.4219.110.3964.0610.03203,045.70-2.12-1.84-2.35-2.0136.2031.05-5.36-3.844.57-0.37840.1869--16.77-8.10-250.91---5.10--
Jabil Inc25.28bn273.81m5.54bn199.00k21.062.935.280.2191.721.80159.7512.342.027.219.45--2.212.205.995.397.577.981.091.150.62384.310.567723.7514.429.9119.76--10.010.00
First Solar, Inc.2.48bn13.32m5.82bn6.40k465.441.1330.302.340.11860.216923.5348.720.35085.317.09388,186.700.24442.530.27682.9312.2722.680.69665.643.35--0.08570.00-23.71-7.48-44.77-17.5121.23--
Mellanox Technologies, Ltd.1.18bn166.94m6.08bn2.33k36.974.1623.105.133.003.0021.3226.700.72434.406.66508,507.3010.203.3811.863.9165.8366.4414.095.143.48--0.000.0026.0322.77791.16--2.25--
Monolithic Power Systems, Inc.605.84m105.48m6.15bn1.53k60.728.7351.6610.142.342.3513.4316.290.7631.9911.13394,942.6013.2813.4714.8114.9755.2754.6617.4116.865.01--0.0050.8723.6719.59-8.8436.017.40--
IPG Photonics Corporation1.37bn316.26m7.17bn6.22k23.073.0317.685.255.845.6125.2444.500.51831.685.29219,487.6012.0117.5613.0919.3450.6255.1423.1827.356.47--0.01810.003.6217.644.9821.7517.72--
ON Semiconductor Corp5.78bn500.20m7.73bn35.70k15.972.367.401.341.181.2913.677.990.73052.918.19161,879.506.345.627.967.3637.7035.718.686.961.416.930.5258--6.0516.1360.5330.9527.10--
Universal Display Corporation353.63m114.77m8.10bn265.0070.3510.8754.7922.902.442.477.5315.820.38351.466.901,334,438.0012.578.8014.469.5476.1076.6932.7723.864.50--0.006.18-26.2811.03-49.84-5.0838.02--
Data as of Oct 21 2019. Currency figures normalised to First Solar Inc's reporting currency: US Dollar USD

Institutional shareholders

30.79%Per cent of shares held by top holders
HolderShares% Held
The Vanguard Group, Inc.as of 30 Jun 20196.93m6.58%
BlackRock Fund Advisorsas of 30 Jun 20196.77m6.42%
Wellington Management Co. LLPas of 30 Jun 20196.46m6.13%
Artisan Partners LPas of 30 Jun 20192.88m2.73%
SSgA Funds Management, Inc.as of 30 Jun 20192.01m1.91%
Invesco Advisers, Inc.as of 30 Jun 20192.00m1.90%
Dimensional Fund Advisors LPas of 30 Jun 20191.51m1.43%
Goldman Sachs & Co. LLC (Private Banking)as of 30 Jun 20191.33m1.27%
Mellon Investments Corp.as of 30 Jun 20191.28m1.22%
Norges Bank Investment Managementas of 31 Dec 20181.28m1.21%
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Data from 31 Dec 2018 - 30 Jun 2019Source: FactSet Research Systems Inc.
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