First Solar (FSLR)

Company Profile

first solar (nasdaq: fslr) is a leading global provider of comprehensive photovoltaic (pv) solar systems which use its advanced thin-film modules. the company’s integrated power plant solutions deliver an economically attractive alternative to fossil-fuel electricity generation today. from raw material sourcing through end-of-life module collection and recycling, first solar’s renewable energy systems protect and enhance the environment. for more information about first solar: - visit us on the web at http://www.firstsolar.com - follow us on twitter at http://www.twitter.com/firstsolar (@firstsolar) - subscribe to our blog at http://www.firstsolar.com/press-center/first-solar-blog - check us out on youtube at http://www.youtube.com/firstsolar

Company profile

Ticker

FSLR

Exchange

NASDAQ

Website

www.firstsolar.com/

CEO

Mark Widmar

Incorporated

Delaware

Location

Arizona

Fiscal year end

Dec 31

Sector

Manufacturing > Semiconductor and Related Device Manufacturing

Industry (SIC)

Semiconductors & Related Devices

Intel • Broadcom • Texas Instruments • Micron Technology • Marvell Technology • ST Microelectronics - New York Shares • NXP Semiconductors • Analog Devices • NVIDIA • Yingli Green Energy Holding ...

Former names

FIRST SOLAR HOLDINGS LLC

SEC CIK

0001274494

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

First Solar Development, LLC • First Solar FE Holdings Pte. Ltd. • First Solar Malaysia Sdn. Bhd. • First Solar Holdings GmbH • First Solar Manufacturing GmbH • First Solar GmbH • First Solar Vietnam Holdings Pte. Ltd. • First Solar Vietnam Manufacturing Co Ltd • First Solar Power India Private Limited • FS India Solar Ventures Private Limited ...

IRS number

204623678

FSLR stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$250.43

Low target

$180.00

High target

$332.00

Latest filings (excl ownership)

View all

27 Jul 23

First Solar, Inc. Announces Second Quarter 2023 Financial Results

27 Jul 23

8-K

Amendments to Articles of Incorporation or Bylaws

26 Jul 23

8-K/A

Submission of Matters to a Vote of Security Holders

21 Jul 23

8-K

Entry into a Material Definitive Agreement

6 Jul 23

Conflict minerals disclosure

23 May 23

8-K

Submission of Matters to a Vote of Security Holders

27 Apr 23

First Solar, Inc. Announces First Quarter 2023 Financial Results

27 Apr 23

ARS

2022 FY

Annual report to shareholders

31 Mar 23

Transcripts

View all

FSLR

Earnings call transcript

2023 Q2

27 Jul 23

FSLR

Earnings call transcript

2023 Q1

27 Apr 23

FSLR

Earnings call transcript

2022 Q4

28 Feb 23

FSLR

Earnings call transcript

2022 Q3

28 Oct 22

FSLR

Earnings call transcript

2022 Q2

29 Jul 22

FSLR

Earnings call transcript

2022 Q1

29 Apr 22

FSLR

Earnings call transcript

2021 Q4

2 Mar 22

FSLR

Earnings call transcript

2021 Q3

5 Nov 21

FSLR

Earnings call transcript

2021 Q2

30 Jul 21

FSLR

Earnings call transcript

2021 Q1

30 Apr 21

Latest ownership filings

View all

Alexander R. Bradley

5 Sep 23

144

Notice of proposed sale of securities

Notice of proposed sale of securities

Notice of proposed sale of securities (amended)

15 Aug 23

144

Notice of proposed sale of securities

Notice of proposed sale of securities (amended)

7 Aug 23

144

Notice of proposed sale of securities

4 Aug 23

Financial summary

Financial statements Chart FSLR financial data

Quarter (USD)	Jun 23	Mar 23	Dec 22	Sep 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	844.60 mm	844.60 mm	844.60 mm	844.60 mm	844.60 mm	844.60 mm
Cash burn (monthly)	26.07 mm	72.02 mm	(no burn)	(no burn)	29.89 mm	(no burn)
Cash used (since last report)	79.01 mm	218.23 mm	n/a	n/a	90.58 mm	n/a
Cash remaining	765.59 mm	626.36 mm	n/a	n/a	754.02 mm	n/a
Runway (months of cash)	29.4	8.7	n/a	n/a	25.2	n/a

Beta Read what these cash burn values mean

Financial data from First Solar earnings reports.

Institutional ownership, Q2 2023

FSLR institutional ownership history Ownership history

81.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	718	718	–
Opened positions	95	127	-25.2%
Closed positions	95	71	+33.8%
Increased positions	233	211	+10.4%
Reduced positions	260	249	+4.4%

13F shares	Current	Prev Q	Change
Total value	16.64 tn	18.28 tn	-9.0%
Total shares	87.53 mm	88.13 mm	-0.7%
Total puts	12.92 mm	13.06 mm	-1.0%
Total calls	9.95 mm	10.59 mm	-6.0%
Total put/call ratio	1.3	1.2	+5.3%

Largest owners	Shares	Value	Change
BLK Blackrock	13.21 mm	$2.51 tn	-3.3%
Vanguard	11.76 mm	$2.24 tn	+1.3%
JPM JPMorgan Chase & Co.	6.47 mm	$1.23 tn	+530.6%
FMR	5.81 mm	$1.10 tn	+21.4%
STT State Street	4.42 mm	$840.06 bn	+3.6%
IVZ Invesco	3.34 mm	$635.10 bn	+15.8%
Geode Capital Management	2.22 mm	$421.42 bn	-0.6%
Wellington Management	2.07 mm	$393.86 bn	-33.3%
Schroder Investment Management	1.92 mm	$365.34 bn	-3.3%
Capital Research Global Investors	1.37 mm	$260.57 bn	-56.9%

Largest transactions	Shares	Bought/sold	Change
JPM JPMorgan Chase & Co.	6.47 mm	+5.44 mm	+530.6%
Ofi Invest Asset Management	0.00	-3.66 mm	EXIT
Capital Research Global Investors	1.37 mm	-1.81 mm	-56.9%
Renaissance Technologies	164.75 k	-1.27 mm	-88.5%
Wellington Management	2.07 mm	-1.03 mm	-33.3%
FMR	5.81 mm	+1.03 mm	+21.4%
Clean Energy Transition	113.15 k	-864.99 k	-88.4%
Dimensional Fund Advisors	789.93 k	-770.87 k	-49.4%
Jane Street	1.08 mm	+723.31 k	+201.1%
Samlyn Capital	1.26 mm	+701.52 k	+125.5%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

FSLR insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
1 Sep 23	Bradley Alexander R.	Common Stock	Sell	Dispose S	No	Yes	192.32	232	44.62 k	35,419
1 Sep 23	Bradley Alexander R.	Common Stock	Sell	Dispose S	No	Yes	190.58	300	57.17 k	35,651
1 Sep 23	Bradley Alexander R.	Common Stock	Sell	Dispose S	No	Yes	188.48	600	113.09 k	35,951
1 Sep 23	Bradley Alexander R.	Common Stock	Sell	Dispose S	No	Yes	186.84	600	112.10 k	36,551
1 Sep 23	Bradley Alexander R.	Common Stock	Sell	Dispose S	No	Yes	185.64	1,468	272.52 k	37,151
1 Sep 23	Bradley Alexander R.	Common Stock	Sell	Dispose S	No	Yes	184.65	2,300	424.70 k	38,619
21 Aug 23	Markus Gloeckler	Common Stock	Sell	Dispose S	No	Yes	182	464	84.45 k	7,649
18 Aug 23	Markus Gloeckler	Common Stock	Payment of exercise	Dispose F	No	No	199.83	379	75.74 k	8,113
18 Aug 23	Markus Gloeckler	Common Stock	Option exercise	Acquire M	No	No	0	843	0.00	8,492
18 Aug 23	Markus Gloeckler	RSU Common Stock	Option exercise	Dispose M	No	No	0	843	0.00	0