First Solar FSLR · USD
Information Technology · Semiconductors & Semiconductor Equipment · US listing · 🇺🇸 United States
S&P 500
191.61
-4.74%
Close of 9 Nov 2026, in USD
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About First Solar
From its filings with the US Securities and Exchange Commission
First Solar is based in Phoenix, Arizona and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker FSLR. It is a member of the S&P 500. The SEC classifies its business as semiconductors & related devices. In the fiscal year to 31 December 2025, it reported revenue of $5.22bn and net income of $1.53bn. At that date it held total assets of $13.32bn and shareholders' equity of $9.54bn. By region, United States accounted for 95.7%, followed by India at 3.7% and All other foreign countries [Member] at 0.4%.
We are America’s leading PV solar technology and manufacturing company. The only U.S.-headquartered company among the world’s largest solar manufacturers, First Solar is focused on competitively and reliably enabling power generation needs with our advanced, uniquely American thin film PV technology. Developed at R&D labs in California and Ohio, our technology provides a competitive, high-performance, and responsibly produced alternative to conventional crystalline silicon PV solar modules. Our PV solar modules are produced using a fully integrated, continuous process that does not rely on Chinese crystalline silicon supply chains.
We are the world’s largest thin film PV solar module manufacturer and the largest PV solar module manufacturer in the Western Hemisphere. In addressing the overall global demand for electricity, PV solar modules provide energy at a lower levelized cost of electricity (“LCOE”), meaning the net present value of a system’s total life cycle costs divided by the quantity of energy that is expected to be produced over the system’s life, when compared to traditional forms of energy generation. With over $2 billion in cumulative R&D investments in the last 20 years, we have a demonstrated history of innovation and continuous improvement. We believe our strategies and points of differentiation provide the foundation for our competitive position and enable us to remain one of the preferred providers of PV solar modules.
Quoted from its 10-K, filed 24 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Information Technology
- Industry
- Semiconductors & Semiconductor Equipment
- Listed since
- 17 Nov 2006
- Employees
- 7,900
- Website
- firstsolar.com ↗
- Head office
- 4300 E CAMELBACK ROAD, PHOENIX, AZ, 85018
- Incorporated in
- DE
- Classification
- Semiconductors & Related Devices
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Michael AhearnNon-Executive Chairman of the Board, since 2000$405,267
- Mr. Mark WidmarChief Executive Officer, Director, since 2011$6.4m
- Mr. Alexander BradleyChief Financial Officer$2.2m
- Ms. Caroline StockdaleChief People and Communications Officer$1.7m
- Mr. Markus GloecklerChief Technology Officer$1.9m
- Mr. Jason DymbortGeneral Counsel, Secretary$2.9m
- Mr. Georges AntounChief Commercial Officer$2.0m
- Mr. Patrick BuehlerChief Product Officer
- Mr. Michael KoralewskiChief Supply Chain Officer
- Mr. Kuntal VermaChief Manufacturing Officer$2.1m
- Mr. William PostLead Independent Director$310,428
- Ms. Anita GeorgeIndependent Director$280,428
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 86
- Environment
- 86
- Social
- 99
- Governance
- 73
- Direct emissions (scope 1)
- 11,638 t
- Energy emissions (scope 2)
- 793,171 t
- Value chain emissions (scope 3)
- 3,660,150 t
- Women in the workforce
- 24%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Established Market Presence: First Solar Inc. is a well-established player in the solar industry, with a strong brand reputation and a global presence.
- Advanced Technology: The company has developed advanced thin-film solar cell technology, providing it with a competitive advantage over traditional solar panel manufacturers.
- Cost Efficiency: First Solar's manufacturing process allows for cost-effective production, enabling the company to offer competitive pricing for its solar solutions.
- Strong Financial Position: The company maintains a healthy financial position, with consistent revenue growth and a strong balance sheet.
Weaknesses
- Dependence on Government Incentives: First Solar's business heavily relies on government incentives and subsidies for the growth of the solar industry. Changes in government policies or reduction in incentives could impact the company's sales.
- Limited Product Portfolio: The company primarily focuses on manufacturing and selling solar modules, which may limit its ability to diversify into other renewable energy segments.
- Vulnerability to Price Fluctuations: First Solar's profitability is subject to the volatility of solar panel prices in the market, which could affect its margins.
Opportunities
- Growing Renewable Energy Market: The increasing demand for renewable energy and favorable government policies create opportunities for First Solar to expand its market share globally.
- Technological Advancements: Continuous advancements in solar technology present opportunities for First Solar to enhance its product offerings and improve efficiency.
- Expansion into Emerging Markets: First Solar can explore expansion opportunities in emerging markets, where solar energy adoption is on the rise.
Threats
- Intense Competition: The solar industry is highly competitive, with the presence of numerous established players and new entrants, posing a threat to First Solar's market position.
- Regulatory Changes: Changes in government regulations and policies related to tariffs, trade agreements, or subsidies could impact First Solar's business operations and profitability.
- Price Pressure from Substitutes: The emergence of alternative renewable energy sources and potential price competitiveness may pose a threat to First Solar's market share.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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