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First Solar, Inc., a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules. It designs, manufactures, and sells cadmium telluride solar modules that converts sunlight into electricity. The company’s residual business operations include project development activities, operations and maintenance services, and the sale of PV solar power systems to third-party customers. It serves developers and operators of systems, utilities, independent power producers, commercial and industrial companies, and other system owners. 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.
Thin-Film Pionee | First Solar leads in cadmium telluride solar technology, expanding capacity to 25GW by 2026 with new US facilities, setting it apart in the market |
Financial Strength | Q2 2024 saw $1.01B revenue, $3.25 EPS, and 46.5% gross margin. 2024 guidance: $4.4-4.6B revenue, $13-14 EPS. Analysts project $7.76B revenue by 2028 |
Policy Tailwinds | Inflation Reduction Act boosts domestic manufacturing, but political uncertainty looms. Trade policies on imports could impact competitiveness |
Analyst Outlook | Price targets range from $250 to $360. First Solar navigates technological innovation and market dynamics, with a strong US market position |
Metrics to compare | FSLR | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipFSLRPeersSector | |
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P/E Ratio | 16.2x | −0.4x | 11.4x | |
PEG Ratio | 0.10 | −0.32 | 0.01 | |
Price/Book | 2.7x | 1.9x | 2.4x | |
Price / LTM Sales | 5.3x | 2.7x | 2.1x | |
Upside (Analyst Target) | 41.6% | 24.1% | 26.6% | |
Fair Value Upside | Unlock | 13.6% | 6.1% | Unlock |