First Solar Inc

Company Profile

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.

Stock update

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

35.3357

Trailing PE

0

PEG

1.5762

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

$0

Capital Expenditure

$326.90 million

Dividend Payout Ratio

0%

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

$213.32

52-Week High

$219.55

52-Week Low

$59.6

Analyst Target Price

$201.86

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.