First Solar Financials

FSLR Stock  USD 181.95  2.89  1.56%   
Based on the analysis of First Solar's profitability, liquidity, and operating efficiency, First Solar may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At this time, First Solar's Total Liabilities is relatively stable compared to the past year. As of 11/22/2024, Property Plant And Equipment Gross is likely to grow to about 6.5 B, while Total Stockholder Equity is likely to drop slightly above 3.8 B. Key indicators impacting First Solar's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.170.0838
Way Up
Pretty Stable
Current Ratio2.863.5484
Significantly Down
Pretty Stable
The financial analysis of First Solar is a critical element in measuring its lifeblood. Investors should not minimize First Solar's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

872.32 Million

  
Understanding current and past First Solar Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of First Solar's financial statements are interrelated, with each one affecting the others. For example, an increase in First Solar's assets may result in an increase in income on the income statement.

First Solar Stock Summary

First Solar competes with Small Cap, Freedom Holding, Gfl Environmental, Growth Fund, and Spring Valley. First Solar, Inc. provides photovoltaic solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally. First Solar, Inc. was founded in 1999 and is headquartered in Tempe, Arizona. First Solar operates under Solar classification in the United States and is traded on NASDAQ Exchange. It employs 4800 people.
Foreign Associate
  Mexico
Specialization
Information Technology, Semiconductors & Semiconductor Equipment
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS3364331070
CUSIP336433107
LocationArizona; U.S.A
Business Address350 West Washington
SectorSemiconductors & Semiconductor Equipment
IndustryInformation Technology
BenchmarkDow Jones Industrial
Websitewww.firstsolar.com
Phone602 414 9300
CurrencyUSD - US Dollar

First Solar Key Financial Ratios

First Solar Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets7.5B7.1B7.4B8.3B10.4B5.3B
Net Debt(881.0M)(947.8M)(1.2B)(1.3B)(1.3B)(1.3B)
Cash1.4B1.2B1.5B1.5B1.9B1.0B
Other Assets1.0B1.4B1.1B777.9M894.6M965.4M
Net Receivables658.5M292.5M454.7M355.0M1.4B1.5B
Inventory497.1M567.6M666.3M621.4M1.0B1.1B
Total Liab2.4B1.6B1.5B2.4B3.7B3.9B
Total Current Assets3.6B3.0B3.2B3.8B4.6B2.5B
Other Current Liab759.4M405.1M310.4M394.8M529.9M413.0M
Retained Earnings2.3B2.7B3.2B3.1B4.0B4.2B
Accounts Payable218.1M183.3M193.4M341.4M207.2M184.8M
Other Current Assets280.0M308.6M242.7M233.9M112.6M154.2M
Other Liab526.8M502.9M345.4M1.2B1.3B1.4B
Long Term Debt454.2M237.7M236.0M184.3M464.1M290.2M
Short Term Debt17.5M55.5M16.7M9.2M106.6M111.9M
Intangible Assets64.5M56.1M45.5M31.1M64.5M78.6M
Net Tangible Assets5.0B5.5B5.9B5.8B6.7B5.1B
Long Term Debt Total461.2M454.2M237.7M236.0M271.4M337.2M
Capital Surpluse2.8B2.8B2.9B2.9B3.3B2.8B

First Solar Key Income Statement Accounts

The reason investors look at the income statement is to determine what First Solar's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense27.1M24.0M13.1M12.2M13.0M9.9M
Gross Profit549.2M680.7M730.0M69.9M1.3B1.4B
Operating Income62.2M95.2M186.1M(216.3M)857.3M900.1M
Ebit267.5M340.9M439.5M(222.9M)886.0M930.3M
Research Development96.6M93.7M99.1M112.8M152.3M88.8M
Ebitda267.6M573.8M699.4M46.8M1.2B1.3B
Cost Of Revenue2.5B2.0B2.2B2.5B2.0B1.7B
Income Before Tax(120.1M)293.2M572.2M8.6M891.3M935.9M
Net Income(114.6M)398.4M468.7M(44.2M)830.8M872.3M
Income Tax Expense(5.5M)(107.3M)103.5M52.8M60.5M45.5M
Total Revenue3.1B2.7B2.9B2.6B3.3B2.3B
Non Recurring90.7M45.9M40.5M21.1M18.9M18.0M
Tax Provision(5.5M)(107.3M)103.5M52.8M34.0M48.3M
Interest Income48.9M16.6M6.2M33.3M92.4M97.1M
Net Interest Income21.8M(7.5M)(6.9M)21.1M83.4M87.6M

First Solar Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash(116.1M)(172.9M)182.2M37.6M471.6M495.2M
Free Cash Flow(494.5M)(379.5M)(302.7M)(30.2M)(784.5M)(745.3M)
Other Non Cash Items(119.1M)(97.0M)(225.1M)(366.7M)16.7M14.9M
Capital Expenditures668.7M416.6M540.3M903.6M1.4B1.5B
Net Income(114.9M)398.4M468.7M(44.2M)830.8M872.3M
End Period Cash Flow1.4B1.3B1.5B1.5B2.0B1.1B
Change To Inventory(83.5M)(145.4M)(136.4M)16.7M(205.1M)(194.9M)
Depreciation205.5M232.9M259.9M269.7M308.0M185.7M
Investments309.3M290.9M147.5M(1.2B)(869.7M)(826.2M)
Net Borrowings90.0M(68.7M)56.5M321.5M369.7M388.2M
Change To Netincome(12.9M)120.4M(57.1M)(350.8M)(315.7M)(300.0M)
Change Receivables(202.3M)(73.6M)345.2M(97.0M)(111.5M)(105.9M)

First Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining First Solar's current stock value. Our valuation model uses many indicators to compare First Solar value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across First Solar competition to find correlations between indicators driving First Solar's intrinsic value. More Info.
First Solar is one of the top stocks in return on equity category among its peers. It also is one of the top stocks in return on asset category among its peers reporting about  0.44  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for First Solar is roughly  2.27 . At this time, First Solar's Return On Equity is relatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value First Solar by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

First Solar Systematic Risk

First Solar's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. First Solar volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Beta measures systematic risk based on how returns on First Solar correlated with the market. If Beta is less than 0 First Solar generally moves in the opposite direction as compared to the market. If First Solar Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one First Solar is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of First Solar is generally in the same direction as the market. If Beta > 1 First Solar moves generally in the same direction as, but more than the movement of the benchmark.

First Solar Thematic Clasifications

First Solar is part of several thematic ideas from Climate Change to Trump Equities. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas
Today, most investors in First Solar Stock are looking for potential investment opportunities by analyzing not only static indicators but also various First Solar's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of First Solar growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.0105)

At this time, First Solar's Price Earnings To Growth Ratio is relatively stable compared to the past year.

First Solar November 22, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of First Solar help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of First Solar. We use our internally-developed statistical techniques to arrive at the intrinsic value of First Solar based on widely used predictive technical indicators. In general, we focus on analyzing First Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build First Solar's daily price indicators and compare them against related drivers.

Additional Tools for First Stock Analysis

When running First Solar's price analysis, check to measure First Solar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Solar is operating at the current time. Most of First Solar's value examination focuses on studying past and present price action to predict the probability of First Solar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Solar's price. Additionally, you may evaluate how the addition of First Solar to your portfolios can decrease your overall portfolio volatility.