First Solar (FSLR)

Company Profile

First Solar is a leading global provider of comprehensive photovoltaic (PV) solar solutions, which use its advanced module and system technology. 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 recycling, First Solar's renewable energy solutions protect and enhance the environment.

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 • Applied Materials • Marvell Technology • ST Microelectronics - New York Shares • NXP Semiconductors • Analog Devices • NVIDIA ...

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

$212.62

Low target

$157.56

High target

$260.00

Latest filings (excl ownership)

View all

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

DEFA14A

Additional proxy soliciting materials

30 Mar 23

First Solar, Inc. Announces Fourth Quarter and Full Year 2022 Financial Results and 2023 Guidance

28 Feb 23

27 Oct 22

Transcripts

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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

FSLR

Earnings call transcript

2020 Q4

26 Feb 21

FSLR

Earnings call transcript

2020 Q3

27 Oct 20

Latest ownership filings

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Michael T Sweeney

22 May 23

144

Notice of proposed sale of securities

22 May 23

144

Notice of proposed sale of securities

Notice of proposed sale of securities

Financial summary

Financial statements Chart FSLR financial data

Quarter (USD)	Mar 23	Dec 22	Sep 22	Jun 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)	922.82 mm	922.82 mm	922.82 mm	922.82 mm	922.82 mm	922.82 mm
Cash burn (monthly)	190.21 mm	34.35 mm	(no burn)	(no burn)	11.53 mm	(no burn)
Cash used (since last report)	420.42 mm	75.92 mm	n/a	n/a	25.49 mm	n/a
Cash remaining	502.39 mm	846.90 mm	n/a	n/a	897.33 mm	n/a
Runway (months of cash)	2.6	24.7	n/a	n/a	77.8	n/a

Beta Read what these cash burn values mean

Financial data from First Solar earnings reports.

Institutional ownership, Q1 2023

FSLR institutional ownership history Ownership history

82.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	713	11	+6381.8%
Opened positions	705	2	+35150.0%
Closed positions	3	553	-99.5%
Increased positions	1	0	NEW
Reduced positions	1	2	-50.0%

13F shares	Current	Prev Q	Change
Total value	18.28 tn	601.41 mm	+3039192.6%
Total shares	88.12 mm	4.02 mm	+2094.8%
Total puts	13.06 mm	11.99 mm	+8.9%
Total calls	10.59 mm	3.72 mm	+184.8%
Total put/call ratio	1.2	3.2	-61.8%

Largest owners	Shares	Value	Change
BLK Blackrock	13.66 mm	$2.97 tn	NEW
Vanguard	11.61 mm	$2.52 tn	NEW
FMR	4.79 mm	$1.04 tn	NEW
STT State Street	4.27 mm	$927.97 bn	NEW
Ofi Invest Asset Management	3.66 mm	$16.84 mm	NEW
Capital Research Global Investors	3.18 mm	$691.50 bn	NEW
Wellington Management	3.11 mm	$675.42 bn	-22.5%
IVZ Invesco	2.88 mm	$627.44 bn	NEW
Geode Capital Management	2.24 mm	$485.53 bn	NEW
Schroder Investment Management	1.99 mm	$432.42 bn	NEW

Largest transactions	Shares	Bought/sold	Change
BLK Blackrock	13.66 mm	+13.66 mm	NEW
Vanguard	11.61 mm	+11.61 mm	NEW
FMR	4.79 mm	+4.79 mm	NEW
STT State Street	4.27 mm	+4.27 mm	NEW
Ofi Invest Asset Management	3.66 mm	+3.66 mm	NEW
Capital Research Global Investors	3.18 mm	+3.18 mm	NEW
IVZ Invesco	2.88 mm	+2.88 mm	NEW
Geode Capital Management	2.24 mm	+2.24 mm	NEW
Schroder Investment Management	1.99 mm	+1.99 mm	NEW
Dimensional Fund Advisors	1.56 mm	+1.56 mm	NEW

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
22 May 23	Sweeney Michael T	Common Stock	Sell	Dispose S	No	No	205.14	7,000	1.44 mm	19,647
16 May 23	Post William J	Common Stock	Sell	Dispose S	Yes	No	218.52	10,000	2.19 mm	24,207
12 May 23	Stebbins Paul H	Common Stock	Sell	Dispose S	Yes	No	229.31	2,500	573.28 k	28,772
31 Mar 23	Norman L. Wright	Common Stock	Grant	Acquire A	No	No	0	207	0.00	1,831
31 Mar 23	Sweeney Michael T	Common Stock	Grant	Acquire A	No	No	0	207	0.00	26,647