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First Solar Inc
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Financials
Income Statement
Revenue
Net Income
Revenue
Net income
| (USD) | Dec 2024info | Y/Y change |
|---|---|---|
Revenue | 1.51B | 30.68% |
Operating expense | 110.89M | 0.08% |
Net income | 393.12M | 12.56% |
Net profit margin | 25.96 | -13.87% |
Earnings per share | 3.65 | 12.31% |
EBITDA | 581.19M | 20.85% |
Effective tax rate | 11.93% | — |
Balance Sheet
Total Assets
Total Liabilities
Total assets
Total liabilities
| (USD) | Dec 2024info | Y/Y change |
|---|---|---|
Cash and short-term investments | 1.79B | -14.72% |
Total assets | 12.12B | 16.97% |
Total liabilities | 4.15B | 12.76% |
Total equity | 7.98B | — |
Shares outstanding | 107.06M | — |
Price to book | 1.70 | — |
Return on assets | 9.69% | — |
Return on capital | 13.45% | — |
Cash Flow
Net Change in Cash
Net change in cash
| (USD) | Dec 2024info | Y/Y change |
|---|---|---|
Net income | 393.12M | 12.56% |
Cash from operations | 811.00M | 44.53% |
Cash from investing | -221.39M | -27.85% |
Cash from financing | 30.73M | -49.41% |
Net change in cash | 616.76M | 35.60% |
Free cash flow | -384.97M | 21.66% |
Previous close
$126.60
Day range
$124.32 - $129.20
Year range
$124.32 - $306.77
Market cap
13.63B USD
Avg Volume
3.27M
P/E ratio
10.60
Dividend yield
-
Primary exchange
NASDAQ
About
First Solar, Inc. is a publicly traded American manufacturer of solar panels, and provider of utility-scale PV power plants, supporting services that include finance, construction, maintenance and end-of-life panel recycling. First Solar uses rigid thin-film modules for its solar panels, and produces CdTe panels using cadmium telluride as a semiconductor.
The company was founded in 1990 by inventor Harold McMaster as Solar Cells, Inc. and the Florida Corporation in 1993 with JD Polk. In 1999 it was purchased by True North Partners, LLC, who rebranded it as First Solar, Inc.
The company went public in 2006, trading on the NASDAQ. Its current chief executive is Mark Widmar, who succeeded the previous CEO James Hughes July 1, 2016.
The Ohio-based manufacturer opened its $1.1 billion facility in Alabama in September 2024. The company operates three facilities in Ohio and is currently constructing a $1.1 billion 3.5 GW plant in Louisiana expected to come online in 2026. Once the Louisiana facility is operational, the company expects to have more than 14 GW of domestic capacity. Wikipedia
Founded
1999
Headquarters
Website
Employees
8,100
