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First Solar, Inc. - Company Profile

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First Solar, Inc. - Overview

Description
First Solar is a public company headquartered in Arizona with an estimated 5,500 employees. In the US, the company has a notable market share in at least one industry: Solar Panel Manufacturing, where they account for an estimated 20.9% of total industry revenue and are considered a Rising Star because they display lower market share, but displaying stronger profit and revenue growth than some of their peers.
Company Details

Registered Name: First Solar, Inc.

Company Type: Other

Headquarters: 350 West Washington Street Suite 600 Tempe AZ 85281

Employees: 5500

First Solar, Inc. - Operating Industries and Main Competitors

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First Solar, Inc. - Products and Services

  • Solar Panel Manufacturing in the US

    • Of the 3 core revenue-generating products and services in the Solar Panel Manufacturing in the US industry, First Solar, Inc. offers:
    • Other modules and cells
    • Silicon modules and cells
    • Thin-film modules and cells
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First Solar, Inc. - Analyst Insights

Renewable Energy pledge

In 2020, First Solar, an industry leader in solar panel manufacturing, committed to reaching 100.0% renewable energy usage across its operations by 2028. As part of this transition, the company plans to transition all of its facilities in the U.S. to carbon-free electricity by 2026. The commitment is part of the company’s joining of RE100, a global corporate renewable energy initiative that includes over 300 businesses globally. As a provider of PV energy solutions, decarbonizing its own operations is a key goal for the company over the next several years.

Competition|New Activity|ESG


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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First Solar, Inc. - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on First Solar, Inc.'s performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Solar Panel Manufacturing in the US industry.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
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Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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First Solar, Inc. - Financial Statements & Ratios

pie_chartFirst Solar, Inc. Income Statement

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Revenue2,923.42,711.33,063.12,244.02,941.32,904.6
Cost of Revenue000000000000000000000000
Cost of Revenue, Non-Cash000000000000000000000000
Gross Profit000000000000000000000000
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pie_chartFirst Solar, Inc. Balance Sheet

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Cash and Equivalents1,450.71,227.01,352.71,403.62,268.51,347.2
Short-Term Investments000000000000000000000000
Derivative Assets, Current000000000000000000000000
Restricted Cash and Investments000000000000000000000000
AAAAAA AAAAAA000000000000000000000000

pie_chartFirst Solar, Inc. Cash Flow

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Net IncomeN/AN/AN/AN/AN/AN/A
Income (Loss) From Discontinued Operations000000000000000000000000
Depreciation, Depletion and Amortization000000000000000000000000
Amortization of Financing Costs and Discounts000000000000000000000000
AAAAAA AAAAAA000000000000000000000000

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    Products and Services
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  • Products and Services
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