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Antwort Is First Solar profitable? Weitere Antworten – Is First Solar doing well

Is First Solar profitable?
First Solar also has a healthy backlog of bookings that has grown to over 80 GW as of the end of 2023, up from 61.4 GW at the end of 2022. This gives the company solid revenue and gross margin visibility, with prices more or less locked in for 95% of the backlog.First Solar generated revenue of USD 3.3 billion in 2023 as a whole. Compared to the previous year, this represents an increase of almost 27% (2022: USD 2.6 billion). According to First Solar, the increase in revenue is due to higher module sales for the year as a whole as well as a higher average selling price (ASP).Prior to earnings late Tuesday, First Solar shares had lost 15% to start 2024. The broader solar industry was stung last year by high interest rates that made projects harder to finance. IBD MarketSmith's Energy-Solar industry group fell 28% in 2023, ranking among the worst-performing groups.

What is the net worth of first solar : $19.53 billion

First Solar has a market cap or net worth of $19.53 billion as of April 12, 2024. Its market cap has decreased by -9.13% in one year.

Should you invest in First Solar

Value investors should also note FSLR's Price/Sales ratio of 5.7X. Many value investors pay close attention to a company's earnings as well. For FSLR, 10 analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.53 to $13.55 per share for 2024.

What are the weaknesses of First Solar : Weaknesses. Despite its strong financial performance, First Solar Inc (NASDAQ:FSLR) has high operating expenses, including selling, general and administrative expenses, and research and development costs.

First Solar was acquired by Leeward Renewable Energy, LLC (LRE) on Jan 25, 2021 .

The Best State for Solar Energy

California tops the list when it comes to solar energy friendliness. With nearly 150 sunny days per year along with an already robust solar system, job market and investments into the solar space, California is an ideal state for installing solar panels.

Why not to invest in solar

High Upfront Costs

One of the most significant drawbacks of solar panels is their steep upfront cost. The average residential solar panel system can set you back around $30,000, making it a substantial financial commitment. Let's look at this as purely as an investment, and check the math.Stock Price Forecast

The 23 analysts with 12-month price forecasts for First Solar stock have an average target of 230.24, with a low estimate of 157.56 and a high estimate of 332. The average target predicts an increase of 26.31% from the current stock price of 182.28.Top 10: Solar Companies

  1. NextEra. Market cap: US$116.96 billion.
  2. LONGi. Market cap: US$23.6 billion.
  3. Sungrow. Market cap: US$18.67 billion.
  4. First Solar. Market cap: US$15.9 billion.
  5. Trina Solar. Market cap: US$8.11 billion.
  6. Nextracker. Market cap: US$6.4 billion.
  7. SolarEdge. Market cap: US$3.98 billion.
  8. Sunrun.


Is FSLR stock undervalued or overvalued Compared to the current market price of 178.16 USD, First Solar Inc is Undervalued by 48%.

What are 2 negatives of solar : Solar panels are dependent on sunlight

They won't produce electricity at night when you need it for light and they can be inefficient during storms and gloomy days. Your solar energy system needs batteries if you plan to fully depend on solar energy to power your home.

What makes First Solar unique : First Solar's thin film PV modules have the best environmental profile and are manufactured using less energy, less water, and less semiconductor material, resulting in up to 2.5x lower carbon footprint and up to 3x lower water footprint than c-Si solar panels on a life cycle basis.

Is it worth investing in First Solar

Per share FSLR boasts an average earnings surprise of 14.2%. Investors should take the time to consider FSLR for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.

CubicPV Inc., a Massachusetts-based solar manufacturing upstart backed by Bill Gates, has halted its ambitious plan to construct a massive crystalline-silicon wafer hub in the US, setting off alarm bells for a sector betting billions of dollars to reform a domestic solar supply chain.Neha Sharma

  • Bluebird Solar. With a legacy spanning 40 years, Bluebird Solar has established itself as a trusted player in the solar manufacturing industry.
  • Tata Power Solar.
  • Adani Solar.
  • Vikram Solar.
  • Waaree Energies.
  • Saatvik Green Energy.
  • RenewSys.
  • Goldi Solar.

What is first solar ranked : As of 2023, First Solar ranked third in a list of largest companies within the solar industry.