First Solar
Vertically Integrated Utility-Scale PV Power Solutions Provider.
Launch date
Employees
Market cap
AUD39.1b
Enterprise valuation
AUD37.3b (Public information from Sep 2024)
Share price
$240.45 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 | AUD3.5m |
Recent News about First Solar
EditTech stack
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Investments by First Solar
EditACQUISITION 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