First Solar, Inc.

First Solar, Inc.

First Solar, Inc.

Overview
Date Founded

2003

Headquarters

350 West Washington Street, Suite 600, Tempe, AZ, 85281, USA

Type of Company

Public

Employees (Worldwide)

5,100

Industries

Semiconductors
Alternative Energy
Industrial Machinery & Manufacturing
Electrical Products

Company Description

Founded in 1999, First Solar has become the world’s premier provider of fully integrated solar solutions, creating value-driven renewable energy projects that represent the leading edge of utility-scale solar technology and innovation. Having constructed and commissioned many of the world’s largest, state-of-the-art photovoltaic (PV) power plants in operation today, First Solar has established a portfolio of customers that include some of the world’s most sophisticated energy buyers. Our full service approach ensures the successful delivery of clean, affordable solar power—and spans the entire value chain, including module manufacturing; project development; engineering, procurement, and construction (EPC); financing; and operations and maintenance (O&M).

Contact Data
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Executives & Employees

Chief Executive Officer

Chief Financial Officer

General Counsel & Secretary

Chief Technology Officer

Chief Commercial Officer

Chief People & Communications Officer

Global Controller & Chief Accounting Officer

Manager-Perrysburg Facility

Chief Manufacturing Engineering Officer

Board of Directors

Founder at First Solar, Inc.

Former Chairman at Deloitte Touche Tohmatsu Ltd.

Former Chief Executive Officer at Arizona Public Service Company

Former Chairman, President & Chief Executive Officer at Steinway Musical Instruments, Inc.

Global Chief Executive Officer & Chairman at Deloitte Touche Tohmatsu Ltd.

Chief Executive Officer at First Solar, Inc.

Chief Financial Officer at Walton Enterprises, Inc.

Former Executive Vice President-Global at UnitedHealth Group, Inc.

Fund Advisor at True North Management Partners LLC

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First Solar, Inc.
Owners & Shareholders
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BNPP AM USA manages both long-only and long-short fixed income portfolios, multi-currency portfolios and equity portfolios. The firm's investment approach centers on taking a series of diversified, often uncorrelated positions that balance currency and interest-rate risks around specified performance benchmarks. Global fixed-income portfolios are constructed using sovereign debt and currencies and, guidelines permitting, corporate bonds, structured securities, and emerging market investments. BNPP AM USA may use futures and various other derivatives (such as interest rate swaps, credit default swaps and currency forwards) in the management of fixed-income portfolios, as appropriate. These instruments are used to take or hedge existing positions and as a substitute for the cash market when the synthetic alternatives are deemed more efficient.

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RobecoSAM’s asset management capabilities accommodate institutional asset owners and financial intermediaries and cover a range of investment products in public equities which integrate environmental, social and governance (ESG) factors into the investment process. The firm’s investment philosophy is grounded in the core belief that the integration of ESG factors into a disciplined, research-driven investment process leads to better-informed investment decisions and better risk-adjusted returns through an economic cycle. All of their investment strategies and products are designed to make a measurable environmental or societal impact. The strategy applies a systematic, long-term, bottom-up stock selection process that combines extensive proprietary ESG research with rigorous fundamental analysis. The result is a concentrated portfolio of attractively valued, sustainable companies, diversified across sectors.

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AAI offers innovative investment solutions designed to help advisors and investors build better portfolios. Through both their alternative investment products and access to specialty asset managers, the firm seeks to deliver portfolio solutions that allow investors to diversify their core holdings and obtain exposure to attractive investment themes. The firm’s exposure to alternatives and specialty managers is achieved primarily through ETFs, exchange-traded products, closed-end funds and open-end funds with the goal of providing access that is registered, liquid and fully transparent.

Recent Transactions
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Terabase Energy, Inc. purchases First Solar, Inc. /PlantPredict Business from First Solar, Inc.

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Clairvest Group, Inc. (Private Equity) purchases First Solar, Inc. /North American Ops & Maintenance Bus from First Solar, Inc.

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Longroad Energy Holdings LLC purchases First Solar, Inc. /Sun Streams 5 from First Solar, Inc.

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onFirst Solar, Inc. issued USD Common Stock

Underwriter

Advised onFirst Solar, Inc. issued USD Common Stock

Auditor

Advised onFirst Solar, Inc. issued USD Common Stock

Legal Advisor

Advised onFirst Solar, Inc. issued USD Common Stock

Legal Advisor

Advised onFirst Solar, Inc. issued USD Common Stock

Associate

Advised onFirst Solar, Inc. issued USD Common Stock

Advisors & Consultants
Legal Advisor

Partner at Gibson, Dunn & Crutcher LLP

Legal Advisor

Partner at Cravath, Swaine & Moore LLP

Legal Advisor

Partner at Morrison & Foerster LLP

Clients

SoftBank Group Corp. operates as a holding company which engages in the management of its group companies. It operates through the following segments: SoftBank Vision Fund, SoftBank, Arm, Brightstar, and Others. The SoftBank Vision Fund segment engages in the investment business. The SoftBank segment provides mobile communication, broadband, and telecom services in Japan. The Arm segment designs microprocessors and develops software technologies. The Brightstar segment engages in the distribution of mobile devices overseas. The Others segment includes smartphone payments business, alternative investment business, fund business in Latin America and operation of the baseball teams. The company was founded by Masayoshi Son on September 3, 1981 and is headquartered in Tokyo, Japan.

Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America. The Europe segment consists of European countries, as well as India, the Middle East, and Africa. The Greater China segment comprises of China, Hong Kong, and Taiwan. The Rest of Asia Pacific segment includes Australia and Asian countries. Its products and services include iPhone, Mac, iPad, AirPods, Apple TV, Apple Watch, Beats products, Apple Care, iCloud, digital content stores, streaming, and licensing services. The company was founded by Steven Paul Jobs, Ronald Gerald Wayne, and Stephen G. Wozniak in April 1976 and is headquartered in Cupertino, CA.

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing. The Productivity and Business Processes segment comprises products and services in the portfolio of productivity, communication, and information services of the company spanning a variety of devices and platform. The Intelligent Cloud segment refers to the public, private, and hybrid serve products and cloud services of the company which can power modern business. The More Personal Computing segment encompasses products and services geared towards the interests of end users, developers, and IT professionals across all devices. The firm also offers operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games; personal computers, tablets; gaming and entertainment consoles; other intelligent devices; and related accessories. The company was founded by Paul Gardner Allen and William Henry Gates III in 1975 and is headquartered in Redmond, WA.

Key Stats and Financials As of 2020
Market Capitalization
$11.4B
Total Enterprise Value
$9.29B
Earnings Per Share
$3.73
Net Profit
$398M
EBITDA
$597M
EBITDAMargin
22.03%
Total Debt
$482M
Total Equity
$5.52B
Enterprise Value / Sales
3.43x
Enterprise Value EBITDAOperating
15.21x
TEVNet Income
23.31x
Debt TEV
0.05x
Three Year Compounded Annual Growth Rate Of Revenue
-2.68%
Revenue
$2.71B
Political Donations
$500
2014
$1,000
2011
$1,000
2011
Investments
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Cubicpv Technologies, Inc. is a company headquartered in Bedford, MA, with domestic subsidiaries. The firm manufactures solar panels. It was founded in 2021. Franciscus J. A. van Mierlo is the current CEO of the company.

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Powerhive, Inc. provides energy and technology solutions. It specializes in prepaid solar power, microgrid financing and monetization, electricity metering and management, off-grid energy solutions, broadband internet service, energy access, and electric vehicle charging. The company was founded by Christopher Hornor and Rik Wuts in 2011 and is headquartered in Berkeley, CA.

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Tesla Energy Operations, Inc. engages in the business of renewable energy services such as, solar energy products and services. The company was founded by Lyndon R. Rive and Peter J. Rive is headquartered in Palo Alto, CA.

Investors
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Member Emeritus, Board of Directors at Children's Scholarship Fund, Inc.

Suppliers
Spire Corp. Hospitals & Patient Services | Bedford, Massachusetts

Spire Corp. is a pv module testing company, which provides turnkey solar simulation solutions for PV module factories as well as calibration and certification laboratories. The company was founded by Roger G. Little in 1969 and is headquartered in Billerica, MA.

Littelfuse, Inc. Internet Software & Services | Chicago, Illinois

Littelfuse, Inc. engages in the manufacture of technologies in circuit protection, power control and sensing. It operates through the following segments: Electronics, Automotive, and Industrial. The Electronics segment includes the broadest and deepest portfolio of overvoltage and overcurrent solutions. The Automotive segment consists of a range of circuit protection, power control and sensing technologies for global original equipment manufacturers (OEMs). The Industrial segment includes power fuses and holders, protection relays and controls and other circuit protection products for use in various industrial applications such as oil, gas, mining, alternative energy, electric vehicle infrastructure, non-residential construction, HVAC systems, elevators and other industrial equipment. The company was founded by Edward V. Sundt in 1927 and is headquartered in Chicago, IL.

STR Holdings, Inc. Power & Utilities | Enfield, CT

STR was founded in 1944 when two of the world's most prominent polymer scientists, John DeBell and Henry Richardson, started the first dedicated plastics research and development firm in the United States. The company rapidly gained a reputation for innovation of engineered compounds and technical service for the growing plastics industry. Over the years, STR has expanded and evolved into two core businesses - Solar Encapsulants Manufacturing and Quality Assurance Services. STR's Solar Encapsulants Manufacturing business is one of the world's leading providers of high quality, superior performance solar encapsulants - marketed under the trade name PhotoCap® since 1979 - for the photovoltaic module industry. With over 80 customers around the world, including many of the top names in the solar module business, STR has developed many of the major innovations in the industry

Awards & Honors
Rank #633
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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