Last $48.80 USD
Change Today -2.72 / -5.29%
Volume 3.0M
FSLR On Other Exchanges
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As of 5:10 PM 11/28/14 All times are local (Market data is delayed by at least 15 minutes).

first solar inc (FSLR) Snapshot

Open
$50.24
Previous Close
$51.53
Day High
$50.25
Day Low
$47.89
52 Week High
03/24/14 - $74.84
52 Week Low
11/14/14 - $45.94
Market Cap
4.9B
Average Volume 10 Days
2.3M
EPS TTM
$2.95
Shares Outstanding
100.2M
EX-Date
--
P/E TM
16.5x
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, such as CdTe modules that convert sunlight into electricity for project developers, system integrators, 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. 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.

4,850 Employees
Last Reported Date: 02/26/14
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
Chief Commercial Officer
Total Annual Compensation: $215.4K
Chief Technology Officer
Total Annual Compensation: $401.1K
Compensation as of Fiscal Year 2013.

first solar inc (FSLR) Key Developments

First Solar, Inc. Reports Consolidated Unaudited Earnings and Production Results for the Third Quarter and Earnings Results for the Nine Months Ended September 30, 2014; Revised Earnings Guidance for the Full Year of 2014; Maintains Production Guidance for the Full Year of 2014

First Solar, Inc. reported consolidated unaudited earnings and production results for the third quarter and earnings results for the nine months ended September 30, 2014. For the quarter, the company reported net sales of $889,310,000 against $1,265,587,000 a year ago. Operating income was $83,760,000 against $207,904,000 a year ago. Income before income taxes was $81,316,000 against $208,688,000 a year ago. Net income was $88,424,000 against $195,038,000 a year ago. Diluted earnings per share were $0.87 against $1.94 a year ago. Cash flows from operations were $118 million. The sequential increase in net sales from second quarter resulted primarily from increased revenue recognition on the Desert Sunlight project. The increase in net income compared to the prior quarter was due to higher profit from the Desert Sunlight project and other systems projects under construction, partially offset by an increase in operating expenses. The sequential increase in net income was also due to a one-time income tax benefit in the third quarter of $0.26 per fully diluted share. Cash flows used in operations were $47 million in the third quarter. The reduction in cash and marketable securities during the quarter was due to the construction of multiple utility scale power plants which have not yet been sold. The increase in operating income compared to second quarter operating income of $2 million was due to higher sales and gross margin, partially offset by higher operating expenses. Free cash flow was a negative $107 million compared to positive free cash flow of $60 million in the prior quarter. While operating cash flow was negative for the quarter. For the nine months, the company reported net sales of $2,383,821,000 against $2,540,552,000 a year ago. Operating income was $224,942,000 against $308,207,000 a year ago. Income before income taxes was $224,538,000 against $315,939,000 a year ago. Net income was $204,959,000 against $287,778,000 a year ago. Diluted earnings per share were $2.02 against $3.08 a year ago. For the quarter, production was 449 megawatts DC, which was essentially unchanged from the prior quarter and 5% higher year-over-year due to higher module efficiency on the same number of production lines. Factory capacity utilization was 77%, down 3 percentage points from the prior quarter. Factory utilization was down sequentially due to the rollout of antireflective coating technology. The company revised earnings guidance for the full year 2014. For the year, earnings per share guidance of $2.40 to $2.80 and operating cash flow guidance of $300 to $500 million. Capital expenditures of $250 million to $300 million compared to previous guidance of $300 million to $350 million. Effective tax rate of 18% to 20% compared to previous guidance of 15% to 20%. Operating income of $300 million to $340 million compared to previous guidance of $290 million to $340 million and Capital operating expenses of $390 million to $400 million compared to previous guidance of $380 million to $395 million. Net sales of $3.6 billion to $3.9 billion compared to previous guidance of $3.7 billion to $4.0 billion. Gross margin of 19% to 20% compared to previous guidance of 18% to 19%. The company maintained production guidance of 1.8GW to 1.9GW for the full year of 2014.

First Solar, Inc. to Report Q3, 2014 Results on Nov 06, 2014

First Solar, Inc. announced that they will report Q3, 2014 results at 4:30 PM, US Eastern Standard Time on Nov 06, 2014

First Solar, Inc., Q3 2014 Earnings Call, Nov 06, 2014

First Solar, Inc., Q3 2014 Earnings Call, Nov 06, 2014

 

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FSLR

Industry Average

Valuation FSLR Industry Range
Price/Earnings 19.4x
Price/Sales 1.6x
Price/Book 1.1x
Price/Cash Flow 19.1x
TEV/Sales 1.2x
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