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Last $46.94 USD
Change Today -1.35 / -2.80%
Volume 1.1M
FSLR On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
Mexico
As of 8:10 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

first solar inc (FSLR) Snapshot

Open
$47.48
Previous Close
$48.29
Day High
$48.00
Day Low
$46.61
52 Week High
09/12/14 - $73.78
52 Week Low
01/20/15 - $39.18
Market Cap
4.7B
Average Volume 10 Days
2.0M
EPS TTM
$2.49
Shares Outstanding
100.9M
EX-Date
--
P/E TM
18.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for FIRST SOLAR INC (FSLR)

first solar inc (FSLR) Details

First Solar, Inc. provides solar energy solutions worldwide. The company operates through two segments, Components and Systems. The Components segment designs, manufactures, and sells solar modules that convert sunlight into electricity. This segment manufactures cadmium telluride and crystalline silicon modules for project developers and system integrators, as well as owners and operators of photovoltaic (PV) solar power systems. The Systems segment provides turn-key PV solar power systems or solar solutions, such as project development; engineering, procurement, and construction; operating and maintenance; and project finance services to investor owned utilities, independent power developers and producers, commercial and industrial companies, and PV solar power system owners. First Solar, Inc. has strategic alliance with Caterpillar Inc. to develop an integrated photovoltaic solar solution for microgrid applications. The company was formerly known as First Solar Holdings, Inc. and changed its name to First Solar, Inc. in 2006. First Solar, Inc. was founded in 1999 and is headquartered in Tempe, Arizona.

6,060 Employees
Last Reported Date: 02/25/15
Founded in 1999

first solar inc (FSLR) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $750.0K
Chief Financial Officer
Total Annual Compensation: $550.0K
President of U.S.
Total Annual Compensation: $550.0K
President of International
Total Annual Compensation: $400.0K
Executive Vice President and General Counsel
Total Annual Compensation: $583.7K
Compensation as of Fiscal Year 2014.

first solar inc (FSLR) Key Developments

First Solar, Inc. Reports Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Full Year of 2015

First Solar, Inc. reported unaudited consolidated earnings results for second quarter and six months ended June 30, 2015. For the quarter, the company reported net sales of $896,217,000, operating income of $57,133,000, net income of $94,490,000 or $0.93 diluted per share against net sales of $544,353,000, operating income of $1,908,000, net income of $4,528,000 or $0.04 diluted per share a year ago. The increase in net sales from the prior quarter resulted from increased revenue recognition on the Silver State South project and the sale of majority interests in the North Star and Lost Hills-Blackwell projects. The sequential increase in net income was due to higher systems project revenue, project cost improvements and a discrete tax benefit in the second quarter of approximately $42 million. Capital expenditures totaled approximately $39 million, a decrease of $17 million from the prior quarter. The operating profit was $57 million compared to an operating loss of $70 million first quarter. The increase in profit was due to higher sales and improved gross margin. Cash flow used in operations was $17 million compared to cash flow used in operations of $418 million in first quarter. Relative to guidance for the quarter, actual earnings were above the high end of EPS range primarily due to strong cost savings across multiple domestic and international projects. Income before taxes and equity in earnings of unconsolidated affiliates was $33,340,000 compared to $2,166,000 a year ago. Free cash flow was a negative $47 million compared to negative free cash flow of $466 million in the prior quarter. For the six months the company reported, net sales of $1,365,426,000, operating loss of $12,980,000, net income of $32,198,000 or $0.32 diluted per share against net sales of $1,494,511,000, operating income of $141,182,000, net income of $116,535,000 or $1.14 diluted per share a year ago. Income before taxes and equity in earnings of unconsolidated affiliates was $39,320,000 compared to loss of $26,687,000 a year ago. For the full year of 2015, the company expects net sales to be in the range of $3.5 billion to $3.6 billion, operating income to be in the range of $330 million to $370 million, gross margin to be between 2% to 5%, effective tax rate to be 2% to 5%, earnings per share to be $3.30 to $3.60, capital expenditures to be between $175 million to $200 million. Operating profit was $57 million compared to an operating loss of $70 million first quarter. The company expects gross margin in the range of 21% to 22%.

First Solar, Inc. to Report Q2, 2015 Results on Aug 04, 2015

First Solar, Inc. announced that they will report Q2, 2015 results at 4:30 PM, US Eastern Standard Time on Aug 04, 2015

First Solar, Inc., Q2 2015 Earnings Call, Aug 04, 2015

First Solar, Inc., Q2 2015 Earnings Call, Aug 04, 2015

 

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Industry Analysis

FSLR

Industry Average

Valuation FSLR Industry Range
Price/Earnings 15.7x
Price/Sales 1.5x
Price/Book 1.0x
Price/Cash Flow 15.6x
TEV/Sales 0.9x
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