Ratios

		vs industry	vs history
P/E(ttm)	10.60	FSLR's P/E(ttm) is ranked higher than 95% of the 622 Companies in the Global Solar industry. ( Industry Median: 18.76 vs. FSLR: 10.60 )	FSLR' s 10-Year P/E(ttm) Range Min: 5.39   Max: 716.38 Current: 10.6 5.39 716.38
P/B	1.21	FSLR's P/B is ranked higher than 76% of the 622 Companies in the Global Solar industry. ( Industry Median: 1.28 vs. FSLR: 1.21 )	FSLR' s 10-Year P/B Range Min: 0.31   Max: 22.05 Current: 1.21 0.31 22.05
P/S	1.21	FSLR's P/S is ranked higher than 58% of the 622 Companies in the Global Solar industry. ( Industry Median: 1.10 vs. FSLR: 1.21 )	FSLR' s 10-Year P/S Range Min: 0.33   Max: 51.11 Current: 1.21 0.33 51.11
PFCF	8.43	FSLR's PFCF is ranked lower than 51% of the 622 Companies in the Global Solar industry. ( Industry Median: 15.69 vs. FSLR: 8.43 )	FSLR' s 10-Year PFCF Range Min: 4.27   Max: 5418 Current: 8.43 4.27 5418
EV-to-EBIT	7.91	FSLR's EV-to-EBIT is ranked higher than 89% of the 622 Companies in the Global Solar industry. ( Industry Median: 14.70 vs. FSLR: 7.91 )	FSLR' s 10-Year EV-to-EBIT Range Min: 3.8   Max: 719 Current: 7.91 3.8 719
Shiller P/E	13.56	FSLR's Shiller P/E is ranked higher than 93% of the 622 Companies in the Global Solar industry. ( Industry Median: 14.80 vs. FSLR: 13.56 )	FSLR' s 10-Year Shiller P/E Range Min: 3.82   Max: 55.16 Current: 13.56 3.82 55.16

Valuation & Return

		vs industry	vs history
Price/Net Current Asset Value	4.7	FSLR's Price/Net Current Asset Value is ranked higher than 72% of the 622 Companies in the Global Solar industry. ( Industry Median: 6.80 vs. FSLR: 4.7 )	FSLR' s 10-Year Price/Net Current Asset Value Range Min: 2.9   Max: 318 Current: 4.7 2.9 318
Price/Tangible Book	1.3	FSLR's Price/Tangible Book is ranked lower than 58% of the 622 Companies in the Global Solar industry. ( Industry Median: 1.40 vs. FSLR: 1.3 )	FSLR' s 10-Year Price/Tangible Book Range Min: 0.8   Max: 19.6 Current: 1.3 0.8 19.6
Price/DCF (Projected)	1.5	FSLR's Price/DCF (Projected) is ranked higher than 87% of the 622 Companies in the Global Solar industry. ( Industry Median: 1.10 vs. FSLR: 1.5 )	FSLR' s 10-Year Price/DCF (Projected) Range Min: 0.9   Max: 4.7 Current: 1.5 0.9 4.7
Price/Median PS Value	0.3	FSLR's Price/Median PS Value is ranked higher than 68% of the 622 Companies in the Global Solar industry. ( Industry Median: 0.80 vs. FSLR: 0.3 )	FSLR' s 10-Year Price/Median PS Value Range Min: 0.2   Max: 7.9 Current: 0.3 0.2 7.9
Earnings Yield (Greenblatt)	12.60	FSLR's Earnings Yield (Greenblatt) is ranked higher than 93% of the 622 Companies in the Global Solar industry. ( Industry Median: 5.60 vs. FSLR: 12.60 )	FSLR' s 10-Year Earnings Yield (Greenblatt) Range Min: 0.1   Max: 26.4 Current: 12.6 0.1 26.4
Forward Rate of Return (Yacktman)	-0.38	FSLR's Forward Rate of Return (Yacktman) is ranked higher than 99% of the 622 Companies in the Global Solar industry. ( Industry Median: 2.30 vs. FSLR: -0.38 )	FSLR' s 10-Year Forward Rate of Return (Yacktman) Range Min: -0.9   Max: 308 Current: -0.38 -0.9 308

Business Description

First Solar, Inc. was incorporated as a Delaware corporation on February 22, 2006. It manufactures and sells solar modules with an advanced thin film semiconductor technology, and it designs, constructs and sells photovoltaic (PV) solar power systems. The Company is the PV solar module manufacturer and produced more than 1.1 gigawatts (GW) of solar modules in 2009, becoming the first PV Company to attain this production volume in a single year. It manufactures its solar modules on high-throughput production lines and performs all manufacturing steps ourselves in an automated, proprietary, continuous process. Its solar modules employ a thin layer of semiconductor material to convert sunlight into electricity. The Company designs, manufactures and sells solar electric power modules, which it produces at its plants in Perrysburg, Ohio, Frankfurt/Oder, Germany and Kulim, Malaysia. It also develop sites or other solar power project sites for building solar power systems using its solar modules and provide engineering, procurement and construction services. The Company operates its business in two segments: Components segment and Systems segment. Its components segment designs, manufactures and sells solar modules to solar project developers and system integrators. Its solar module is a single-junction polycrystalline thin film structure that uses cadmium telluride as the absorption layer and cadmium sulfide as the window layer. It has integrated its manufacturing processes into a continuous, integrated production line with the following three stages: the 'deposition' stage, the 'cell definition' stage, and the 'assembly and test' stage. Its manufacturing facilities in Perrysburg, Ohio, Frankfurt/Oder, Germany and Kulim, Malaysia have each received both an ISO 9001:2000 quality system certification and ISO 14001:2004 environmental system certification. Through its systems segment, it has the capability to provide a complete PV solar power system for utility-scale or large commercial systems, which includes project development, EPC, O&M services and, when required, project finance. The Company views the sale of solar modules from the components segment as the core driver of its profitability, return on net assets and cash throughput, and it views its systems segment as an enabler to drive module throughput. Its systems business is dependent upon successful completion of project development activities including: site selection and acquisition, obtaining in a timely manner the requisite interconnection and transmission studies, environmental and land use permits, maintaining effective site control, and entering into a power purchase agreement with an off-taker of the power to be generated by the project. The renewable energy, solar energy and solar module sectors are highly competitive and continually evolving as participants strive to distinguish themselves within their markets and compete within the larger electric power industry. The C
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Industry:	Solar
Compare:	SPWR, SOL, CSSXF, TSL, LDK
Traded in other countries:	F3A.Germany

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