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 $178 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $177.66 - $183.06, and closed at $180.94.

This is a +0.88% increase from the previous day's closing price.

A total volume of 1,257,285 shares were traded at the close of the day’s session.

In the last one week, shares of First Solar Inc have slipped by -2.91%.

First Solar Inc's Key Ratios

First Solar Inc has a market cap of $19.16 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 $2.99 billion with a gross profit of $127.66 million and an EBITDA of $380.03 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 3.4% while its return on assets stood at 0.77% with a return of equity of 2.62%.

In Q2, First Solar Inc’s quarterly earnings growth was a positive 205.8% while revenue growth was a positive 30.6%.

First Solar Inc’s PE and PEG Ratio

Forward PE

35.3357

Trailing PE

122.0204

PEG

1.5762

Its diluted EPS in the last 12-months stands at $1.47 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

$9.00 billion

Total Liabilities

$1.09 billion

Operating Cash Flow

$-98395000.00

Capital Expenditure

$382.70 million

Dividend Payout Ratio

0%

First Solar Inc ended 2024 with $9.00 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $9.00 billion while shareholder equity stood at $6.04 billion.

First Solar Inc ended 2024 with $1.16 billion in deferred long-term liabilities, $1.09 billion in other current liabilities, 107000.00 in common stock, $3.35 billion in retained earnings and $28.65 million in goodwill. Its cash balance stood at $829.91 million and cash and short-term investments were $1.88 billion. The company’s total short-term debt was $9,693,000 while long-term debt stood at $437.41 million.

First Solar Inc’s total current assets stands at $3.66 billion while long-term investments were $0 and short-term investments were $1.05 billion. Its net receivables were $668.42 million compared to accounts payable of $245.83 million and inventory worth $756.17 million.

In 2024, First Solar Inc's operating cash flow was $-98395000.00 while its capital expenditure stood at $382.70 million.

Comparatively, First Solar Inc paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$180.94

52-Week High

$232

52-Week Low

$115.66

Analyst Target Price

$242.29

First Solar Inc stock is currently trading at $180.94 per share. It touched a 52-week high of $232 and a 52-week low of $232. Analysts tracking the stock have a 12-month average target price of $242.29.

Its 50-day moving average was $191.81 and 200-day moving average was $186.59 The short ratio stood at 1.42 indicating a short percent outstanding of 0%.

Around 525.3% of the company’s stock are held by insiders while 8546.2% are held by institutions.