First Solar Inc - Company Profile
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First Solar Inc (First Solar) is a provider of solar photovoltaic (PV) systems. It designs, manufactures, and sells PV solar modules. The company produces solar systems using cadmium telluride (CdTe) technology. First Solar also offers solar PV power systems and operational and maintenance services to system owners. First Solar's proprietary, vertically integrated process converts glass sheets into solar panels. The company serves utilities, commercial and industrial companies, independent power producers, and other system owners in Asia Pacific, Europe, the Middle East, Africa, and North America. The company operates a global manufacturing network with facilities in the US, Malaysia, Vietnam, and India, targeting markets with high insolation and demand for renewable energy. First Solar is headquartered in Tempe, Arizona, the US.
Headquarters
United States of America
Address
4300 E Camelback Road, Suite 220, Phoenix, Arizona, 85018
Website
www.firstsolar.com
Telephone
1 602 4149300
No of Employees
7,900
Industry
Alternative Energy
Ticker Symbol & Exchange
FSLR (NASD)
Revenue (2024)
$5.2B
24.1%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
18.3%
(2024 vs 2023)
Market Cap*
$24.5B
Net Profit Margin (2024)
XYZ
-4.7%
(2024 vs 2023)
* As of and is in US$
First Solar Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Solar Systems | EPC Services |
| Solar Modules | Project Development |
| Energy Storage Solutions | Module Recycling |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In May, the company partnered with GameChange Solar to help the deployment of domestically manufactured thin-film solar modules in India. |
| 2026 | Contracts/Agreements | In February, the company signed a patent licensing agreement to allow access to existing issued patents and the currently pending patent applications of Oxford Photovoltaics Limited |
| 2025 | Plans/Strategy | In November, the company announced its plans to open a new facility in Gaffney, Cherokee County, South Carolina, the US. |
Competitor Comparison
| Key Parameters | First Solar Inc | Trina Solar Co Ltd | JinkoSolar Holding Co Ltd | Canadian Solar Inc | Xinyi Solar Holdings Ltd |
|---|---|---|---|---|---|
| Headquarters | United States of America | China | China | Canada | China |
| City | Phoenix | Changzhou | Shangrao | Guelph | Wuhu |
| State/Province | Arizona | Jiangsu | Jiangxi | Ontario | Anhui |
| No. of Employees | 7,900 | 24,840 | 26,409 | 12,587 | 7,712 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Michael J. Ahearn | Chairman | Executive Board | 2012 | 69 |
| Mark R. Widmar | Director; Chief Executive Officer | Executive Board | 2016 | 60 |
| Alexander R. Bradley | Chief Financial Officer | Senior Management | 2016 | 44 |
| Markus Gloeckler | Chief Technology Officer | Senior Management | 2020 | 52 |
| Kuntal Kumar Verma | Chief Manufacturing Officer | Senior Management | 2022 | 53 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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