Grufity logoGrufity logo

First Solar Inc Stock Research

FSLR

206.56USD+3.34(+1.64%)Market Closed

Market Summary

USD206.56+3.34
Market Closed
1.64%

FSLR Alerts

FSLR Stock Price

FSLR RSI Chart

FSLR Valuation

Market Cap

22.0B

Price/Earnings (Trailing)

-498.6

Price/Sales (Trailing)

8.41

EV/EBITDA

70.69

Price/Free Cashflow

-728.31

FSLR Price/Sales (Trailing)

FSLR Profitability

EBT Margin

0.33%

Return on Equity

-0.76%

Return on Assets

-0.54%

Free Cashflow Yield

-0.14%

FSLR Fundamentals

FSLR Revenue

Revenue (TTM)

2.6B

Revenue Y/Y

10.48%

Revenue Q/Q

59.38%

FSLR Earnings

Earnings (TTM)

-44.2M

Earnings Y/Y

-105.75%

Earnings Q/Q

84.65%

Price Action

52 Week Range

59.60218.25
(Low)(High)

Last 7 days

-5.2%

Last 30 days

21.5%

Last 90 days

27.5%

Trailing 12 Months

171.1%

FSLR Financial Health

Current Ratio

3.65

FSLR Investor Care

Shares Dilution (1Y)

0.26%

Diluted EPS (TTM)

-0.41

Peers (Alternatives to First Solar)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
629.8B
27.0B
11.20% 5.54%
144.19
23.35
0.22% -55.21%
265.4B
34.4B
4.15% 7.21%
23.09
7.71
20.74% 70.65%
161.7B
20.0B
-1.31% 3.38%
18.48
8.07
9.18% 12.61%
155.7B
23.6B
7.88% -17.97%
117.97
6.6
43.61% -58.25%
124.9B
63.1B
-0.49% -34.58%
15.58
1.98
-20.21% -59.66%
22.0B
2.6B
21.50% 171.10%
-498.6
8.41
-10.40% -109.42%
12.7B
660.4M
8.09% 61.41%
71.08
19.25
28.14% 86.49%
MID-CAP
6.2B
7.1B
-10.56% 13.59%
8.04
0.87
15.53% 19.10%
4.8B
651.1M
-1.79% -5.91%
28.27
7.42
-7.41% 3.92%
SMALL-CAP
874.5M
1.3B
-18.13% -13.35%
12.01
0.68
16.70% 2.69%
785.5M
1.8B
-10.38% -36.92%
15.09
0.43
8.07% 32.37%
710.2M
134.6M
-13.31% -20.71%
-30.63
5.27
9.73% -5954.29%
709.2M
794.4M
-14.88% -47.69%
8.96
0.89
9.29% -82.10%
398.4M
337.7M
-11.62% -43.15%
-49.57
1.18
-28.80% -114.17%

Financials for First Solar

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue3.8%2,6192,5242,4792,4872,923
Gross Profit-72.7%70.00256359557730
Operating Expenses10.5%351317294278290
  S&GA Expenses2.7%165160158155170
  R&D Expenses1.3%11311110810699.00
EBITDA-36.6%291458564528-
EBITDA Margin-38.9%0.11*0.18*0.23*0.21*-
Earnings Before Taxes-95.3%9.00182290253572
EBT Margin-95.5%0.00*0.07*0.12*0.10*-
Interest Expenses5.2%12.0012.0012.0013.0013.00
Net Income-146.6%-44.1795.00189216469
Net Income Margin-144.9%-0.02*0.04*0.08*0.09*-
Free Cahsflow95.4%-30.24-658-423-226-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets10.1%8,2517,4937,4197,3997,414
  Current Assets13.6%3,7913,3393,3832,9953,191
    Cash Equivalents28.7%1,4811,1511,7091,3351,451
  Inventory-23.3%621811810841666
  Net PPE13.2%3,5373,1242,9892,7862,650
  Goodwill0%14.0014.0014.0014.0014.00
Liabilities45.1%2,4151,6641,5241,5241,454
  Current Liabilities27.2%1,038816804735727
    LT Debt, Current-100.0%-5.005.005.004.00
    LT Debt, Non Current-27.5%184254170247236
Shareholder's Equity0.1%5,8365,8285,8965,8755,960
  Retained Earnings-0.2%3,1403,1483,1973,1413,184
  Additional Paid-In Capital0.3%2,8872,8802,8692,8632,871
Shares Outstanding0.0%107107107107106
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations675.5%873113289378238
  Share Based Compensation5.9%29.0027.0022.0021.0021.00
Cashflow From Investing-86.8%-1,192-638-430-373-99.04
Cashflow From Financing19.4%30925917578.0041.00

Risks for FSLR

What is the probability of a big loss on FSLR?

94.6%


Probability that First Solar stock will be more than 20% underwater in next one year

75%


Probability that First Solar stock will be more than 30% underwater in next one year.

45%


Probability that First Solar stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does FSLR drawdown profile look like?

Y-axis is the maximum loss one would have experienced if First Solar was unfortunately bought at previous high price.

Drawdowns

Returns for FSLR

Cumulative Returns on FSLR

22.5%


10-Year Cumulative Returns

16.0%


7-Year Cumulative Returns

23.8%


5-Year Cumulative Returns

78.1%


3-Year Cumulative Returns

What are the long-term rolling returns for FSLR?

FIve years rolling returns for First Solar.

Annualized Returns

Which funds bought or sold FSLR recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
4.61
1,584,450
10,164,400
0.01%
2023-03-06
Rockefeller Capital Management L.P.
added
149
13,645,000
21,102,000
0.11%
2023-03-02
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA
new
-
399,191
399,191
-%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
reduced
-14.75
-211
7,789
-%
2023-03-01
Lakewood Asset Management LLC
new
-
34,000
34,000
0.03%
2023-02-28
Voya Investment Management LLC
added
30.5
1,787,300
5,528,300
0.01%
2023-02-28
Trust Investment Advisors
reduced
-3.59
42,545
502,545
0.47%
2023-02-27
Parallax Volatility Advisers, L.P.
new
-
8,086,860
8,086,860
0.01%
2023-02-24
NATIXIS
added
52.15
7,071,810
17,252,800
0.10%
2023-02-24
National Pension Service
new
-
23,457,100
23,457,100
0.05%

1–10 of 47

Latest Funds Activity

Are funds buying FSLR calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own FSLR
No. of Funds

First Solar News

Nasdaq

Guru Fundamental Report for FSLR.

Nasdaq,
36 hours ago

InvestorsObserver

Schedule 13G FIlings of First Solar

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 06, 2023
wellington management group llp
3.76%
4,004,643
SC 13G/A
Jan 30, 2023
blackrock inc.
12.5%
13,347,707
SC 13G/A
Jan 10, 2023
vanguard group inc
10.85%
11,570,363
SC 13G/A
Sep 15, 2022
ebrahimi farhad fred
4.70%
5,007,198
SC 13D/A
Jun 28, 2022
ebrahimi farhad fred
5.32%
5,667,271
SC 13D/A
Feb 04, 2022
wellington management group llp
7.68%
8,164,162
SC 13G/A
Jan 28, 2022
blackrock inc.
12.8%
13,598,161
SC 13G/A
Feb 10, 2021
vanguard group inc
7.71%
8,165,497
SC 13G/A
Feb 04, 2021
wellington management group llp
8.08%
8,559,211
SC 13G/A
Jan 27, 2021
blackrock inc.
12.0%
12,672,907
SC 13G/A

FSLR Fair Value

First Solar fair value in different scenarios

The table shows the Fair Value estimates for First Solar for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

22.52

-89.10%

28.39

-86.26%

33.09

-83.98%

42.14

-79.60%

48.77

-76.39%
Current Inflation

22.16

-89.27%

27.57

-86.65%

31.88

-84.57%

39.16

-81.04%

44.83

-78.30%
Very High Inflation

21.68

-89.50%

26.51

-87.17%

30.33

-85.32%

35.60

-82.77%

40.17

-80.55%

Historical First Solar Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of First Solar

View All Filings
Date Filed Form Type Document
Mar 08, 2023
4
Insider Trading
Mar 08, 2023
4
Insider Trading
Mar 08, 2023
4
Insider Trading
Mar 08, 2023
4
Insider Trading
Mar 08, 2023
4
Insider Trading
Mar 08, 2023
4
Insider Trading
Mar 08, 2023
4
Insider Trading
Mar 08, 2023
4
Insider Trading
Mar 08, 2023
4
Insider Trading
Mar 08, 2023
4
Insider Trading

Latest Insider Trading transactions for FSLR

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-08
Chapman Richard D
sold
-1,582,500
211
-7,500
-
2023-03-07
KENNEDY R CRAIG
sold
-323,010
215
-1,500
-
2023-03-07
Jeffers Byron Michael
sold
-272,212
212
-1,281
vp - global controller and cao
2023-03-07
Dymbort Jason E.
sold
-205,062
212
-965
general counsel and secretary
2023-03-07
Wright Norman L.
bought
99,914
214
465
-
2023-03-06
Jeffers Byron Michael
acquired
-
-
1,787
vp - global controller and cao
2023-03-06
Bradley Alexander R.
sold (taxes)
-832,853
212
-3,923
chief financial officer
2023-03-06
Koralewski Michael
sold (taxes)
-349,658
212
-1,647
chief supply chain officer
2023-03-06
Dymbort Jason E.
acquired
-
-
3,949
general counsel and secretary
2023-03-06
Widmar Mark R
sold (taxes)
-2,943,960
212
-13,867
chief executive officer

1–10 of 50

About First Solar

FSLR Income Statement

2022-12-31
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Net sales$ 2,619,319$ 2,923,377$ 2,711,332
Cost of sales2,549,4612,193,4232,030,659
Gross profit69,858729,954680,673
Operating expenses:   
Selling, general and administrative164,724170,320222,918
Research and development112,80499,11593,738
Production start-up73,07721,05240,528
Litigation loss006,000
Total operating expenses350,605290,487363,184
Gain on sales of businesses, net253,511147,2840
Operating (loss) income(27,236)586,751317,489
Foreign currency loss, net(16,414)(7,975)(4,890)
Interest income33,2846,17916,559
Interest expense, net(12,225)(13,107)(24,036)
Other income (expense), net31,189314(11,932)
Income before taxes and equity in earnings8,598572,162293,190
Income tax (expense) benefit(52,764)(103,469)107,294
Equity in earnings, net of tax00(2,129)
Net (loss) income$ (44,166)$ 468,693$ 398,355
Net (loss) income per share:   
Basic$ (0.41)$ 4.41$ 3.76
Diluted$ (0.41)$ 4.38$ 3.73
Weighted-average number of shares used in per share calculations:   
Basic106,551106,263105,867
Diluted106,551106,924106,686

FSLR Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 1,481,269$ 1,450,654
Marketable securities1,096,712375,389
Accounts receivable trade, net324,337429,436
Accounts receivable unbilled, net30,65425,273
Inventories621,376666,299
Other current assets237,073244,192
Total current assets3,791,4213,191,243
Property, plant and equipment, net3,536,9022,649,587
PV solar power systems, net6,242217,293
Project assets30,108315,488
Deferred tax assets, net78,68059,162
Restricted marketable securities182,070244,726
Goodwill14,46214,462
Intangible assets, net31,10645,509
Inventories260,395237,512
Other assets319,842438,764
Total assets8,251,2287,413,746
Current liabilities:  
Accounts payable341,409193,374
Income taxes payable29,3974,543
Accrued expenses382,782288,450
Current portion of long-term debt03,896
Deferred revenue263,215201,868
Other current liabilities21,24534,747
Total current liabilities1,038,048726,878
Accrued solar module collection and recycling liability128,114139,145
Long-term debt184,349236,005
Deferred revenue944,72595,943
Other liabilities119,937256,224
Total liabilities2,415,1731,454,195
Commitments and contingencies
Stockholders' equity:  
Common stock, $0.001 par value per share; 500,000,000 shares authorized; 106,609,094 and 106,332,315 shares issued and outstanding at December 31, 2022 and 2021, respectively107106
Additional paid-in capital2,887,4762,871,352
Accumulated earnings3,140,2893,184,455
Accumulated other comprehensive loss(191,817)(96,362)
Total stockholders' equity5,836,0555,959,551
Total liabilities and stockholders' equity$ 8,251,228$ 7,413,746