First Solar Inc
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- Market Cap.:
- $23.45 billion
- Book Value:
- Revenue TTM:
- $2.62 billion
- Operating Margin TTM:
- Gross Profit TTM:
- $127.66 million
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
First Solar Inc had its IPO on 2006-11-17 under the ticker symbol FSLR.
The company operates in the Technology sector and Solar industry. First Solar Inc has a staff strength of 5,500 employees.
Shares of First Solar Inc opened at $218.63 at the start of the last trading session i.e. 2023-03-30.
The stocks traded within a range of $212.6 - $219.55, and closed at $213.32.
This is a -0.94% slip from the previous day's closing price.
A total volume of 1,538,433 shares were traded at the close of the day’s session.
In the last one week, shares of First Solar Inc have increased by +4.05%.
First Solar Inc's Key Ratios
First Solar Inc has a market cap of $23.45 billion, indicating a price to book ratio of 2.7612 and a price to sales ratio of 6.7323.
In the last 12-months First Solar Inc’s revenue was $2.62 billion with a gross profit of $127.66 million and an EBITDA of $46.78 million. The EBITDA ratio measures First Solar Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, First Solar Inc’s operating margin was -8.51% while its return on assets stood at -1.78% with a return of equity of -0.75%.
In Q4, First Solar Inc’s quarterly earnings growth was a negative -32.5% while revenue growth was a positive 10.5%.
First Solar Inc’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at $-0.42 per share while it has a forward price to earnings multiple of 35.3357 and a PEG multiple of 1.5762. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into First Solar Inc’s profitability.
First Solar Inc stock is trading at a EV to sales ratio of 5.7361 and a EV to EBITDA ratio of 31.584. Its price to sales ratio in the trailing 12-months stood at 6.7323.
First Solar Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.
Balance sheet and cash flow metrics
- Total Assets
- $8.25 billion
- Total Liabilities
- $1.04 billion
- Operating Cash Flow
- Capital Expenditure
- $326.90 million
- Dividend Payout Ratio
First Solar Inc ended 2023 with $8.25 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $8.25 billion while shareholder equity stood at $5.84 billion.
First Solar Inc ended 2023 with $0 in deferred long-term liabilities, $1.04 billion in other current liabilities, 107000.00 in common stock, $3.14 billion in retained earnings and $14.46 million in goodwill. Its cash balance stood at $1.48 billion and cash and short-term investments were $2.58 billion. The company’s total short-term debt was $9,193,000 while long-term debt stood at $184.35 million.
First Solar Inc’s total current assets stands at $3.79 billion while long-term investments were $0 and short-term investments were $1.10 billion. Its net receivables were $324.34 million compared to accounts payable of $341.41 million and inventory worth $621.38 million.
In 2023, First Solar Inc's operating cash flow was $0 while its capital expenditure stood at $326.90 million.
Comparatively, First Solar Inc paid $0 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
First Solar Inc stock is currently trading at $213.32 per share. It touched a 52-week high of $219.55 and a 52-week low of $219.55. Analysts tracking the stock have a 12-month average target price of $201.86.
Its 50-day moving average was $185.8 and 200-day moving average was $140.49 The short ratio stood at 1.56 indicating a short percent outstanding of 0%.
Around 528.8% of the company’s stock are held by insiders while 8516.6% are held by institutions.
Frequently Asked Questions About First Solar Inc
Similar Industry Stocks (Solar)
First Solar, Inc. provides photovoltaic (PV) solar energy solutions in the United State, Chile, France, Japan, India, Canada, and internationally. The company also engages in manufacturing PV solar thin film semiconductor module technology. It serves developers and operators of systems, utilities, independent power producers, commercial and industrial companies, and other system owners. First Solar, Inc. was founded in 1999 and is headquartered in Tempe, Arizona.