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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 8/10

vs
industry
vs
history
Cash to Debt 6.93
FSLR's Cash to Debt is ranked higher than
65% of the 1036 Companies
in the Global Solar industry.

( Industry Median: 5.76 vs. FSLR: 6.93 )
FSLR' s 10-Year Cash to Debt Range
Min: 0.28   Max: No Debt
Current: 6.93

Equity to Asset 0.71
FSLR's Equity to Asset is ranked higher than
75% of the 1022 Companies
in the Global Solar industry.

( Industry Median: 0.64 vs. FSLR: 0.71 )
FSLR' s 10-Year Equity to Asset Range
Min: 0.13   Max: 0.83
Current: 0.71

0.13
0.83
Interest Coverage 195.61
FSLR's Interest Coverage is ranked higher than
60% of the 575 Companies
in the Global Solar industry.

( Industry Median: 320.94 vs. FSLR: 195.61 )
FSLR' s 10-Year Interest Coverage Range
Min: 2.75   Max: 9999.99
Current: 195.61

2.75
9999.99
F-Score: 4
Z-Score: 3.67
M-Score: -2.02
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating margin (%) 11.14
FSLR's Operating margin (%) is ranked higher than
85% of the 1012 Companies
in the Global Solar industry.

( Industry Median: 3.07 vs. FSLR: 11.14 )
FSLR' s 10-Year Operating margin (%) Range
Min: -4517.14   Max: 35.17
Current: 11.14

-4517.14
35.17
Net-margin (%) 10.67
FSLR's Net-margin (%) is ranked higher than
87% of the 1012 Companies
in the Global Solar industry.

( Industry Median: 2.26 vs. FSLR: 10.67 )
FSLR' s 10-Year Net-margin (%) Range
Min: -5351.84   Max: 31.42
Current: 10.67

-5351.84
31.42
ROE (%) 7.84
FSLR's ROE (%) is ranked higher than
79% of the 1009 Companies
in the Global Solar industry.

( Industry Median: 2.59 vs. FSLR: 7.84 )
FSLR' s 10-Year ROE (%) Range
Min: -74.07   Max: 24.13
Current: 7.84

-74.07
24.13
ROA (%) 5.13
FSLR's ROA (%) is ranked higher than
80% of the 1027 Companies
in the Global Solar industry.

( Industry Median: 1.51 vs. FSLR: 5.13 )
FSLR' s 10-Year ROA (%) Range
Min: -281.65   Max: 19.11
Current: 5.13

-281.65
19.11
ROC (Joel Greenblatt) (%) 19.54
FSLR's ROC (Joel Greenblatt) (%) is ranked higher than
82% of the 1023 Companies
in the Global Solar industry.

( Industry Median: 6.11 vs. FSLR: 19.54 )
FSLR' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -359.4   Max: 57.16
Current: 19.54

-359.4
57.16
Revenue Growth (%) 5.40
FSLR's Revenue Growth (%) is ranked higher than
83% of the 745 Companies
in the Global Solar industry.

( Industry Median: -1.80 vs. FSLR: 5.40 )
FSLR' s 10-Year Revenue Growth (%) Range
Min: 0   Max: 195.4
Current: 5.4

0
195.4
EBITDA Growth (%) -15.40
FSLR's EBITDA Growth (%) is ranked higher than
62% of the 523 Companies
in the Global Solar industry.

( Industry Median: -6.50 vs. FSLR: -15.40 )
FSLR' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 202.2
Current: -15.4

0
202.2
EPS Growth (%) -21.60
FSLR's EPS Growth (%) is ranked higher than
59% of the 465 Companies
in the Global Solar industry.

( Industry Median: -6.00 vs. FSLR: -21.60 )
FSLR' s 10-Year EPS Growth (%) Range
Min: 0   Max: 375.6
Current: -21.6

0
375.6
» FSLR's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2013

FSLR Guru Trades in Q3 2013

Steven Cohen 314,548 sh (+212.25%)
John Hussman 500,000 sh (+42.45%)
Jim Simons Sold Out
Jeremy Grantham 15,698 sh (-1.13%)
Paul Tudor Jones 5,700 sh (-14.93%)
Joel Greenblatt 41,086 sh (-51.95%)
» More
Q4 2013

FSLR Guru Trades in Q4 2013

David Dreman 1,507 sh (New)
Chris Davis 4,030 sh (New)
Jim Simons 170,500 sh (New)
Joel Greenblatt 224,711 sh (+446.93%)
Paul Tudor Jones Sold Out
Jeremy Grantham 8,392 sh (-46.54%)
John Hussman 250,000 sh (-50%)
Steven Cohen 45,000 sh (-85.69%)
» More
Q1 2014

FSLR Guru Trades in Q1 2014

George Soros 25,000 sh (New)
Jim Simons 646,013 sh (+278.89%)
John Hussman 250,000 sh (unchged)
Chris Davis 4,030 sh (unchged)
Jeremy Grantham Sold Out
David Dreman 1,260 sh (-16.39%)
Steven Cohen 22,659 sh (-49.65%)
Joel Greenblatt 79,906 sh (-64.44%)
» More
Q2 2014

FSLR Guru Trades in Q2 2014

Paul Tudor Jones 5,742 sh (New)
Louis Moore Bacon 10,000 sh (New)
George Soros 100,000 sh (+300%)
Jim Simons 685,100 sh (+6.05%)
Chris Davis 4,030 sh (unchged)
John Hussman 250,000 sh (unchged)
Steven Cohen 124,900 sh (unchged)
David Dreman Sold Out
Joel Greenblatt 31,234 sh (-60.91%)
» More
» Details

Insider Trades

Latest Guru Trades with FSLR

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2014-06-30 Reduce -60.91%0.05%$58.63 - $73.34 $ 69.685%31234
George Soros 2014-06-30 Add 300%0.04%$58.63 - $73.34 $ 69.685%100000
David Dreman 2014-06-30 Sold Out 0.01%$58.63 - $73.34 $ 69.685%0
Joel Greenblatt 2014-03-31 Reduce -64.44%0.19%$47.73 - $73.87 $ 69.6826%79906
George Soros 2014-03-31 New Buy0.02%$47.73 - $73.87 $ 69.6826%25000
John Hussman 2013-12-31 Reduce -50%0.55%$41.6 - $64.28 $ 69.6827%250000
Joel Greenblatt 2013-12-31 Add 446.93%0.24%$41.6 - $64.28 $ 69.6827%224711
David Dreman 2013-12-31 New Buy0.01%$41.6 - $64.28 $ 69.6827%1507
John Hussman 2013-09-30 Add 42.45%0.33%$36.47 - $50.27 $ 69.6865%500000
Joel Greenblatt 2013-09-30 Reduce -51.95%0.08%$36.47 - $50.27 $ 69.6865%41086
Premium More recent guru trades are included for Premium Members only!!
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Top Ranked Articles about First Solar Inc

Every Growth Stock Follows This Pattern. EVERY. SINGLE. ONE.
Whether you realize it or not, every growth stock of the last 20 years has experienced the exact same cyclical pattern. Now before you stop reading, I’m not talking about technical analysis or some other chart reading garbage. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 18.70
FSLR's P/E(ttm) is ranked higher than
82% of the 1080 Companies
in the Global Solar industry.

( Industry Median: 84.40 vs. FSLR: 18.70 )
FSLR' s 10-Year P/E(ttm) Range
Min: 5.39   Max: 386.17
Current: 18.7

5.39
386.17
P/B 1.49
FSLR's P/B is ranked higher than
69% of the 1080 Companies
in the Global Solar industry.

( Industry Median: 2.00 vs. FSLR: 1.49 )
FSLR' s 10-Year P/B Range
Min: 0.3   Max: 21.25
Current: 1.49

0.3
21.25
P/S 2.00
FSLR's P/S is ranked higher than
53% of the 1080 Companies
in the Global Solar industry.

( Industry Median: 1.75 vs. FSLR: 2.00 )
FSLR' s 10-Year P/S Range
Min: 0.33   Max: 51.11
Current: 2

0.33
51.11
PFCF 53.19
FSLR's PFCF is ranked higher than
63% of the 1080 Companies
in the Global Solar industry.

( Industry Median: 9999.00 vs. FSLR: 53.19 )
FSLR' s 10-Year PFCF Range
Min: 4.27   Max: 5418
Current: 53.19

4.27
5418
EV-to-EBIT 14.22
FSLR's EV-to-EBIT is ranked higher than
83% of the 1080 Companies
in the Global Solar industry.

( Industry Median: 51.77 vs. FSLR: 14.22 )
FSLR' s 10-Year EV-to-EBIT Range
Min: 3.8   Max: 719
Current: 14.22

3.8
719
Shiller P/E 18.12
FSLR's Shiller P/E is ranked higher than
94% of the 1080 Companies
in the Global Solar industry.

( Industry Median: 9999.00 vs. FSLR: 18.12 )
FSLR' s 10-Year Shiller P/E Range
Min: 3.78   Max: 62.36
Current: 18.12

3.78
62.36
Current Ratio 2.62
FSLR's Current Ratio is ranked higher than
68% of the 923 Companies
in the Global Solar industry.

( Industry Median: 2.55 vs. FSLR: 2.62 )
FSLR' s 10-Year Current Ratio Range
Min: 0.78   Max: 7.46
Current: 2.62

0.78
7.46
Quick Ratio 2.30
FSLR's Quick Ratio is ranked higher than
72% of the 923 Companies
in the Global Solar industry.

( Industry Median: 2.01 vs. FSLR: 2.30 )
FSLR' s 10-Year Quick Ratio Range
Min: 0.58   Max: 7.14
Current: 2.3

0.58
7.14

Valuation & Return

vs
industry
vs
history
Price/Net Current Asset Value 35.02
FSLR's Price/Net Current Asset Value is ranked higher than
76% of the 1080 Companies
in the Global Solar industry.

( Industry Median: 9999.00 vs. FSLR: 35.02 )
FSLR' s 10-Year Price/Net Current Asset Value Range
Min: 11.3   Max: 134.03
Current: 35.02

11.3
134.03
Price/Tangible Book 1.56
FSLR's Price/Tangible Book is ranked higher than
74% of the 1080 Companies
in the Global Solar industry.

( Industry Median: 2.32 vs. FSLR: 1.56 )
FSLR' s 10-Year Price/Tangible Book Range
Min: 0.4   Max: 19.57
Current: 1.56

0.4
19.57
Price/DCF (Projected) 1.52
FSLR's Price/DCF (Projected) is ranked higher than
88% of the 1080 Companies
in the Global Solar industry.

( Industry Median: 9999.00 vs. FSLR: 1.52 )
FSLR' s 10-Year Price/DCF (Projected) Range
Min: 0.69   Max: 8.05
Current: 1.52

0.69
8.05
Price/Median PS Value 0.43
FSLR's Price/Median PS Value is ranked higher than
97% of the 1080 Companies
in the Global Solar industry.

( Industry Median: 1.12 vs. FSLR: 0.43 )
FSLR' s 10-Year Price/Median PS Value Range
Min: 0.09   Max: 8.99
Current: 0.43

0.09
8.99
Price/Graham Number 1.13
FSLR's Price/Graham Number is ranked higher than
86% of the 1080 Companies
in the Global Solar industry.

( Industry Median: 4.64 vs. FSLR: 1.13 )
FSLR' s 10-Year Price/Graham Number Range
Min: 0.41   Max: 13.11
Current: 1.13

0.41
13.11
Earnings Yield (Greenblatt) 7.00
FSLR's Earnings Yield (Greenblatt) is ranked higher than
72% of the 841 Companies
in the Global Solar industry.

( Industry Median: 5.20 vs. FSLR: 7.00 )
FSLR' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.1   Max: 26.4
Current: 7

0.1
26.4
Forward Rate of Return (Yacktman) -1.18
FSLR's Forward Rate of Return (Yacktman) is ranked higher than
65% of the 680 Companies
in the Global Solar industry.

( Industry Median: 0.78 vs. FSLR: -1.18 )
FSLR' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -2.3   Max: 300.4
Current: -1.18

-2.3
300.4

Business Description

Industry: Semiconductors » Solar
Compare:SPWR, SOL, CSSXF, TSL, LDK » details
Traded in other countries:F3A.Germany
First Solar, Inc. was incorporated as a Delaware corporation on February 22, 2006. The Company 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. The Company 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. The Company's components segment designs, manufactures and sells solar modules to solar project developers and system integrators. The Company's 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. The Company 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 w
» More Articles for FSLR

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