First Solar's net sales fell to $1.23 billion, down 23% from the same period last year. Adjusted EBITDA was up 11% to $744 million, net income grew 11%, and gross margins expanded by 20 percentage points.
First Solar’s balance sheet strength has enabled the company to persist through solar cycles when competitors have failed.
First Solar competes in the fiercely competitive and highly commoditized solar module industry.
|
Metric
|
FSLR
|
|---|---|
Price/Earnings (Normalized) | 11.26 |
Price/Book Value | 1.92 |
Price/Sales | 4.18 |
Price/Cash Flow | 8.41 |
|
Metric
|
FSLR
|
|---|---|
Quick Ratio | 1.78 |
Current Ratio | 2.57 |
Interest Coverage | 68.76 |
|
Metric
|
FSLR
|
|---|---|
Return on Assets (Normalized) | 13.96% |
Return on Equity (Normalized) | 19.00% |
Return on Invested Capital (Normalized) | 17.26% |
|
1-Day Chart
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Name
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Price
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Morningstar Rating for Stocks
|
Capital Allocation
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Economic Moat
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Market Cap
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United States