First Solar

First Solar designs, manufactures and installs thin-film​ photovoltaic modules, solar panels and PV power plants. Read more

Mark Widmar's photo - CEO of First Solar

CEO

Mark Widmar

CEO Approval Rating

80/100

Founded:

1999

Status:

PublicIndependent CompanyNASDAQFSLR

FIRST SOLAR TOP COMPETITORS OR ALTERNATIVES

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SolarCity is First Solar's top competitor. SolarCity is a Private company that was founded in San Mateo, California in 2006. SolarCity operates in the Renewable Energy industry. SolarCity has 5,843 more employees vs. First Solar.

Sungevity has been one of First Solar's top competitors. Sungevity is headquartered in Oakland, California, and was founded in 2007. Sungevity is in the Renewable Energy Equipment & Services field. Sungevity generates 4.16% the revenue of First Solar.

SunPower is perceived as one of First Solar's biggest rivals. SunPower was founded in 1985 in San Jose, California. SunPower competes in the Renewable Energy Equipment & Services field. SunPower generates $2B less revenue than First Solar.

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First Solar Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$3B

First Solar's revenue is the ranked 3rd among it's top 10 competitors. The top 10 competitors average 1.3B. Over the last four quarters, First Solar's revenue has grown by 25.1%. Specifically, in Q1 2021's revenue was $803.4M; in Q4 2020, it was $609.2M; in Q3 2020, it was $927.6M; in Q2 2020, First Solar's revenue was $642.4M.

First Solar Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
skytron energy GmbH & Co. KG

Jun 2014

Source »
undisclosed
Skytron Energy develops and manufactures measurement, monitoring and control systems for photovoltaic power plants.
TetraSun

Apr 2013

Source »
undisclosed
-
Solar Chile

Jan 2013

Source »
$undefined
-

-

RayTracker Inc.

Jan 2011

Source »
$undefined
-
OPTI-Solar

Mar 2009

Source »
$400M
-

These are all the companies that First Solar has acquired. First Solar has acquired 5 companies and its latest acquisition was skytron energy GmbH & Co. KG in Jun 2014. Skytron Energy develops and manufactures measurement, monitoring and control systems for photovoltaic power plants.

First Solar Funding History

Since First Solar was founded in 1999, it has participated in 2 rounds of funding. In total First Solar has raised $640.0M. First Solar's last funding round was on Feb 2017 for a total of $240.0M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Debt
Feb 2017
$240M

Mizuho Bank

IPO
Nov 2006
$400M

Since First Solar was founded in 1999, it has participated in 2 rounds of funding. In total First Solar has raised $640.0M. First Solar's last funding round was on Feb 2017 for a total of $240.0M

First Solar Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

Younicos develops and sells energy storage systems and control software for energy management requirements of power networks.
$50M
Dec 07, 2015
Growth
Jul 01, 2017
Clean Energy Collective builds, operates and maintains community-based clean energy facilities. 
-
Dec 09, 2014
Equity
-
SolarCity designs, manufactures and installs photovoltaic solar power systems for homes, businesses and government organizations.
$3M
Oct 29, 2008
Equity
Dec 12, 2012

These are all the companies that First Solar has invested in. First Solar has invested 5 companies and its latest investment was skytron energy GmbH & Co. KG in Jun 2014. Skytron Energy develops and manufactures measurement, monitoring and control systems for photovoltaic power plants.

First Solar News

May 25, 2021Printed Electronics Now

First Solar Joins Responsible Business Alliance

It is the first of the world's 10 largest photovoltaic (PV) solar manufacturers to join the RBA.... See more »
May 14, 2021The Business Journals: Phoenix

First Solar shareholders vote for diversity report, against board's wishes

First Solar shareholders voted in favor of a report that would address how the company's board would ... See more »
May 4, 2021EE News Power

Nel teams for integrated green hydrogen plants

Nel Hydrogen Electrolyser and First Solar are to develop SCADA system for integrated photovoltaic (PV... See more »
May 4, 2021North American Clean Energy

First Solar Drives Operational Efficiency with Nintex K2 Five

Nintex the global standard for process management and automation announced that nbsp First Solar Inc ... See more »
May 3, 2021Printed Electronics Now

First Solar Announces 1Q 2021 Financial Results

Company reports net sales of $803 million, as nameplate manufacturing capacity increased to 7.9 GW DC... See more »
May 3, 2021Engineering

First Solar Achieves Industry's Best PV Degradation Rate

(Image courtesy of First Solar.) First Solar, a manufacturer of thin-film cadmium telluride (CdTe) ph... See more »
May 3, 2021Markets Insider

Why First Solar Gets Upgrade, Despite Recent Selloff

Despite a positive earnings update for the first quarter, First Solar, Inc's (NASDAQ: FSLR) stock Fri... See more »

First Solar Blogs

July 7, 2016First Solar Blog

A New Milestone for Thin Film Modules in India

Today, we're announcing that we have hit a major milestone in India. First Solar has become the first... See more »
July 7, 2016First Solar Blog

First Solar Publishes Inaugural Sustainability Report

For the first time, First Solar is providing a look at how we are fulfilling our mission to create en... See more »
July 7, 2016First Solar Blog

Solar Is No Longer a Compromise

In diverse markets across the world, Solar PV energy has reached pricing competitive with fossil fuel... See more »
July 7, 2016First Solar Blog

Solar Energy - The Economic Revolution

In just over a decade, solar energy has evolved from being relegated to highly specialized applicatio... See more »
July 7, 2016First Solar Blog

Australia's first utility scale solar plant performing above expectations

Globally, most PV solar plants experience lower levels of performance and availability during the ini... See more »
November 10, 2015First Solar Blog

First Solar Brings Power to Three Military Bases

Early in his presidency, US President Barack Obama made a commitment to significantly increase renewa... See more »

First Solar Press Releases

September 16, 2020GlobeNewswire

First Solar Announces Secondary Offering of Common Stock

TEMPE, Ariz., Sept. 16, 2020 (GLOBE NEWSWIRE) -- First Solar, Inc. (Nasdaq: FSLR) ("First Solar" or t... See more »
June 25, 2020StreetInsider

Topaz Solar Farms Receives June Payment From PG&E

DES MOINES, Iowa--(BUSINESS WIRE)-- Consistent with the terms of its power purchase agreement with Pa... See more »
March 25, 2019Business Wire

Topaz Solar Farms Receives March Payment From PG&E

DES MOINES, Iowa--(BUSINESS WIRE)--Consistent with the terms of its power purchase agreement with Pac... See more »
December 11, 2018StreetInsider

First Solar Announces Full-Year 2019 Financial Guidance

First Solar, Inc. (Nasdaq: FSLR) today announced full-year 2019 guidance.... See more »
May 31, 2018Industry Today

Key Players - Hanwha, First Solar, SunPower, Elkem Solar, Sharp

Solar Cells and Modules -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast... See more »
May 15, 2018ForImmediateRelease

NEXTracker and First Solar Collaborate on Series 6 Mounting Technology for Over 600 MW of New Projects in U.S.

Travel & Tourism Industry release: FREMONT, Calif., May 15, 2018 /PRNewswire/ - NEXTracker , a Flex c... See more »
March 23, 2018Business Wire

Global Solar Power Market Report, 2018 Update - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Solar Power Market, 2018 Update" report has been added to Resear... See more »

First Solar Videos

July 5, 2018First Solar Vimeo Channel

"First Solar Wins The Smarter E Award 2018" on VIMEO

The California Independent System Operator (CAISO), First Solar, and the National Renewable Energy La... See more »
February 20, 2018First Solar Vimeo Channel

"First Solar Vietnam Coater Arrival" on VIMEO

Cast: First SolarTags: First Solar, Series 6, Thin Film PV Solar, Solar Energy and Malaysia... See more »
January 4, 2018First Solar Vimeo Channel

"First Solar Series 6 vs Silicon Installation with Wire Management" on VIMEO

Compares the installation of Series 6 modules to Crystalline Silicon modules including wire managemen... See more »
January 4, 2018First Solar Vimeo Channel

"Series 6 Off the Line" on VIMEO

Cast: First SolarTags: Series 6, Solar Energy and First Solar... See more »
December 4, 2017First Solar Vimeo Channel

"Introducing Series 6" on VIMEO

To see more, visit firstsolar.com/Modules/Series-6Cast: First SolarTags: Perrysburg Ohio, First Solar... See more »
November 24, 2017First Solar Vimeo Channel

"Sunlink and First Solar at SPI 2017 - Part 2" on VIMEO

Cast: First SolarTags: Series 6, Sunlink, Solar Energy, Thin Film PV Solar and First Solar... See more »

Social Media

First Solar Headquarters

350 West Washington Street Suite 600

Tempe, Arizona85281

1-419-662-6899

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First Solar Summary

ABOUT

Overview

First Solar designs, manufactures and installs thin-film​ photovoltaic modules, solar panels and PV power plants. First Solar was founded in 1999. First Solar's headquarters is located in Tempe, Arizona, USA 85281. It has raised 640.0M in 2 rounds. Th...

CEO

First Solar's CEO, Mark Widmar, currently has an approval rating of 80%. First Solar's primary competitors are SolarCity, Sungevity & SunPower.

Frequently Asked Questions about First Solar

  1. When was First Solar founded?

    First Solar was founded in 1999
  2. Who is First Solar's CEO?

    First Solar's CEO is Mark Widmar
  3. How much revenue does First Solar generate?

    First Solar generates $3B in revenue
  4. How much funding does First Solar have?

    First Solar has historically raised $640M in funding
  5. Where is First Solar's headquarters?

    First Solar's headquarters is in Tempe Arizona, USA
  1. How many employees does First Solar have?

    First Solar has 6,400 employees
  2. What sector does First Solar operate in?

    First Solar is in Renewable Energy Equipment & Services
  3. Who are First Solar's competitors?

    First Solar's top competitors are SolarCity, Sungevity, SunPower
  4. Who has First Solar invested in?

    First Solar's has invested in companies such as Younicos, Clean Energy Collective, SolarCity