First Solar Inc (OQ:FSLR)
Business Focus: Photovoltaic Solar Systems & Equipment
| Sector: Energy | Industry: Renewable Energy Equipment & Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 350 West Washington Street, Suite 600 TEMPE AZ 85288 |
| Tel: | N/A |
| Website: | https://www.firstsolar.com/en-Emea |
| IR: | See website |
| Key People | ||
| Mark R. Widmar Chief Executive Officer, Director | Alexander R. Bradley Chief Financial Officer | Caroline Stockdale Chief People and Communications Officer |
| Markus Gloeckler Chief Technology Officer | Jason E. Dymbort General Counsel, Secretary | Georges Antoun Chief Commercial Officer |
| Patrick James Buehler Chief Product Officer | Michael Koralewski Chief Supply Chain Officer | Kuntal Kumar Verma Chief Manufacturing Officer |
| Business Overview |
| First Solar, Inc. is a solar technology company and global provider of photovoltaic cells (PV) solar energy solutions. The Company manufactures and sells PV solar modules with a semiconductor technology, which provides an alternative to conventional crystalline silicon PV solar modules. The Company operates through two segments: Modules Business and Other. Its Modules Business segment is involved in the designing, manufacturing, and selling of CdTe solar modules, which convert sunlight into electricity. Third-party customers of the modules business segment include developers and operators of systems, utilities, independent power producers, commercial and industrial companies, and other system owners. The Company's products include the Series 7 Module and Series 6 Plus module. The Company has its manufacturing locations in Malaysia, the United States and Vietnam. Its subsidiaries include First Solar Development, LLC, First Solar FE Holdings Pte. Ltd., and First Solar Malaysia Sdn. Bhd. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, First Solar Inc revenues increased 27% to $3.32B. Net income totaled $830.8M vs. loss of $44.2M. Revenues reflect Modules segment increase of 36% to $3.3B, United States segment increase of 45% to $3.19B, France segment increase of 1% to $68.3M. Net Income reflects Interest Income increase from $33.3M to $97.7M (income), Production start-up decrease of 11% to $64.7M (expense). |
| Employees: | 6,700 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $17,735M as of Dec 31, 2023 |
| Annual revenue (TTM): | $3,319M as of Dec 31, 2023 |
| EBITDA (TTM): | $1,199M as of Dec 31, 2023 |
| Net annual income (TTM): | $830.78M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$784.52M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 107,038,016 as of Mar 18, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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