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Last $55.86 USD
Change Today -0.95 / -1.67%
Volume 1.1M
FSLR On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
Mexico
As of 12:43 PM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

first solar inc (FSLR) Snapshot

Open
$57.03
Previous Close
$56.81
Day High
$57.22
Day Low
$55.60
52 Week High
09/12/14 - $73.78
52 Week Low
01/20/15 - $39.18
Market Cap
5.6B
Average Volume 10 Days
2.5M
EPS TTM
$1.96
Shares Outstanding
100.8M
EX-Date
--
P/E TM
28.4x
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 and Chief Accounting ...
Total Annual Compensation: $550.0K
Chief Operating Officer
Total Annual Compensation: $550.0K
Executive Vice President and General Counsel
Total Annual Compensation: $583.7K
Chief Commercial Officer
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2014.

first solar inc (FSLR) Key Developments

Silicon Ranch Selects First Solar Technology for Aerojet Rocketdyne Project

Silicon Ranch Corporation and First Solar, Inc. announced the selection of First Solar technology and products for the 12-Megawatt (MW)AC solar power project that will provide power to Aerojet Rocketdyne and Arkansas Electric Cooperative Corporation (AECC) in East Camden, Arkansas. Silicon Ranch has selected First Solar’s advanced thin film modules and solar tracker racking solution for installation at Silicon Ranch’s Highland Industrial Park solar field adjacent to Aerojet Rocketdyne’s 1,200-acre manufacturing and test facility. Electricity from the solar generation facility will directly supplement Aerojet Rocketdyne’s daytime operations. Under a unique set of power purchase agreements, excess electricity generated by the installation will be released to Arkansas Electric Cooperative Corporation (AECC) and integrated into the cooperative’s diverse generation portfolio.

First Solar, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter and Second Half of 2015

First Solar, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net sales of $469,209,000 against $950,158,000 a year ago. Operating loss was $70,113,000 against operating income of $139,274,000 a year ago. Loss before taxes and equity in earnings of unconsolidated affiliates was $68,098,000 against income before taxes and equity in earnings of unconsolidated affiliates of $140,832,000 a year ago. Net loss was $62,292,000 or $0.62 basic and diluted per share against net income of $112,007,000 or $1.10 basic and diluted per share a year ago. The sequential decrease in net sales resulted from retaining projects which would otherwise have generated revenue in anticipation of the company’s announced plans to pursue a YieldCo. The decrease in net income compared to the prior quarter was due to lower revenue, the mix of systems projects under construction and a higher proportion of module only and module plus sales. Cash flows used in operations were $418 million. The decrease in operating loss was due to sequentially lower sales and gross margin. Free cash flow was a negative $466 million compared to a positive free cash flow of $858 million in the prior quarter. Capital expenditures totaled $55 million, a decrease of $18 million from the prior quarter. The company provided earnings guidance for the second quarter and second half of 2015. For the quarter, the company expects net sales in the range of $750 million to $850 million, earnings in the range of $0.45 to $0.55 per fully diluted share, including a non-recurring tax benefit of approximately $0.40 and cash flow used in operating activities in the range of $250 million to $350 million. The expected financial results for second quarter will be influenced by constructing projects on balance sheet, a mix of lower-margin EPC projects and third-party module sales. In the second half of the year, the company anticipated stronger financial results in the first half as they returned to a more normal course of business.

Caterpillar Inc. and First Solar, Inc. Form Strategic Alliance to Develop an Integrated Photovoltaic Solar Solution for Microgrid Applications

Caterpillar and First Solar, Inc. announced a strategic alliance to develop an integrated photovoltaic (PV) solar solution for microgrid applications. Under the agreement, First Solar will design and manufacture a pre-engineered turnkey package for use in remote microgrid applications, such as small communities and mine sites. The package will feature Cat-branded solar panels manufactured by First Solar and will include a balance of system components. Caterpillar will exclusively sell and support the integrated solution featuring Cat-branded solar panels through its worldwide Cat dealer network, along with its current offerings of generator sets and energy storage. Acting as a central source, Cat dealers will be uniquely positioned to provide customers with this fully integrated and supported single solution in the large and rapidly growing microgrid market. Microgrids provide value to prime power diesel and gas customers by integrating renewable energy, such as solar power, with generator sets. With these solutions, Caterpillar can help deliver reliable, cost-effective and sustainable energy for customers. This strategic alliance provides yet more evidence of a global energy transition, where solar energy's reliability and cost competitiveness with traditional fuels effectively allows it to complement conventional generation.

 

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Industry Analysis

FSLR

Industry Average

Valuation FSLR Industry Range
Price/Earnings 25.8x
Price/Sales 2.0x
Price/Book 1.1x
Price/Cash Flow 25.7x
TEV/Sales 1.4x
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