First Solar
Vertically Integrated Utility-Scale PV Power Solutions Provider.
Launch date
Employees
Market cap
CAD34.5b
Enterprise valuation
CAD32.9b (Public information from Sep 2024)
Share price
$241.81 FSLR
Tempe Arizona (HQ)
Financials
Estimates*
| USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenues | 2.7b | 2.9b | 2.6b | 3.3b | 4.5b | 5.7b | 6.7b |
| % growth | (11 %) | 8 % | (10 %) | 27 % | 35 % | 26 % | 19 % |
| EBITDA | 328m | 446m | 53.5m | 1.3b | 2.0b | 3.1b | 4.1b |
| % EBITDA margin | 12 % | 15 % | 2 % | 38 % | 44 % | 54 % | 61 % |
| Profit | 398m | 469m | (44.2m) | 831m | 1.5b | 2.3b | 3.1b |
| % profit margin | 15 % | 16 % | (2 %) | 25 % | 33 % | 40 % | 46 % |
| EV / revenue | 3.3x | 2.6x | 5.2x | 5.1x | 5.3x | 4.0x | 3.1x |
| EV / EBITDA | 27.5x | 17.2x | 254.0x | 13.4x | 12.1x | 7.4x | 5.1x |
| R&D budget | 93.7m | 99.1m | 113m | 152m | - | - | - |
| R&D % of revenue | 3 % | 3 % | 4 % | 5 % | - | - | - |
Source: Dealroom estimates
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | $400m Valuation: $1.4b | IPO | |
| N/A | $428m | Post IPO Equity | |
* | AUD3.5m | Grant | |
$240m | Post IPO Debt | ||
| N/A | N/A | - | |
* | $500m | Post IPO Debt | |
* | $1.0b | Post IPO Debt | |
* | N/A | $700m | Post IPO Debt |
| Total Funding | CAD3.1m | ||
Recent News about First Solar
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Investments by First Solar
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ACQUISITION by First Solar Jan 2011
ACQUISITION by First Solar Aug 2013
ACQUISITION by First Solar Apr 2010
ACQUISITION by Aggreko Jul 2017
ACQUISITION by Tesla Nov 2016
ACQUISITION by First Solar May 2023
