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)

6,600

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).

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Executives & Employees

Chief Executive Officer

Chief Financial Officer

Chief Operations Officer

Executive Vice President

General Counsel & Secretary

Chief Technology Officer

Chief Commercial Officer

Chief People & Communications Officer

Global Controller & Chief Accounting Officer

President-International Business

Board of Directors

Co-Founder at True North Management Partners LLC

Former President at Starbucks Corp.

Former Chairman at Deloitte Touche Tohmatsu Ltd.

Chief Financial Officer at Walton Enterprises, Inc.

Founding Member at FixUS

Former Professional at Swift Transportation Company

Chief Executive Officer at First Solar, Inc.

Fund Advisor at True North Management Partners LLC

Executive Vice President-Global at UnitedHealth Group, Inc.

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First Solar, Inc.
Owners & Shareholders
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CPR AM is an active, quantitative-oriented manager which follows a flexible investment approach that draws on value, growth and arbitrage investment styles. They specialize in fixed-income funds and also manage diversified and equity products. The firm invests in money-market instruments, equity, diversified products and fixed income. Asset allocation focuses on countries and sectors, focusing on the French, mid-cap European and emerging European markets. CPR AM's investment approach for diversified products relies on flexible tactical asset allocation. They invest in credit spreads and inflation-linked bonds following market-neutral strategies based on top-down fundamental analysis. Their blue-chip equity investment approach is bottom-up and opportunistic, and does not follow a particular investment style. CPR AM's Research Department performs the stock allocation, selection, risk management, and investment solutions.

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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. Fixed Income CIO has oversight responsibility for all activities relating to the management and performance of BNPP AM USA’s fixed income investment teams, products and portfolios. The firm’s other strategies include Equity, Liquidity Solutions, Multi-Asset Solutions, and Smart beta and Quant.

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CCM uses different methods of analysis such as fundamental and quantitative. They look for companies that will benefit from access to incremental capital.

Recent Transactions
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First Solar, Inc. issued USD Common Stock

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Colbún SA purchases First Solar, Inc. /Sol de Tarapacá 150mw Pv Project from First Solar, Inc.

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Capital Dynamics AG purchases First Solar, Inc. /Moapa Southern Paiute Solar Project from First Solar, Inc.

Insider Transactions
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Transaction Advisors
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

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 Skadden, Arps, Slate, Meagher & Flom LLP

Clients

Berkshire Hathaway, Inc. provides property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing, and services. It operates through following segments: GEICO, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC (BNSF), Berkshire Hathaway Energy, McLane Company, Manufacturing, and Service and Retailing. The GEICO segments involves in underwriting private passenger automobile insurance mainly by direct response methods. The Berkshire Hathaway Reinsurance Group segment consists of underwriting excess-of-loss and quota-share and facultative reinsurance worldwide. The Berkshire Hathaway Primary Group segment comprises of underwriting multiple lines of property and casualty insurance policies for primarily commercial accounts. The BNSF segment operates railroad systems in North America. The Berkshire Hathaway Energy segments deals with regulated electric and gas utility, including power generation and distribution activities, and real estate brokerage activities. The McLane Company segment offers wholesale distribution of groceries and non-food items. The Manufacturing segment includes industrial and end-user products, building products, and apparel. The Service and Retailing segment provides fractional aircraft ownership programs, aviation pilot training, electronic components distribution, and various retailing businesses, including automobile dealerships, and trailer and furniture leasing. The company was founded by Oliver Chace in 1839 and is headquartered in Omaha, NE.

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.

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 1977 and is headquartered in Cupertino, CA.

Key Stats and Financials As of 2019
Market Capitalization
$10B
Total Enterprise Value
$4.31B
Earnings Per Share
$-1.09
Revenue
$3.06B
Net Profit
$-115M
EBITDA
$451M
EBITDAMargin
14.72%
Total Debt
$595M
Total Equity
$5.1B
Enterprise Value / Sales
1.41x
Enterprise Value EBITDAOperating
9.29x
TEVNet Income
-37.5x
Debt TEV
0.14x
Three Year Compounded Annual Growth Rate Of Revenue
1.25%
Non-Profit Donations & Grants
Political Donations
$500
2014
$1,000
2011
$1,000
2011
Investments
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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.

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Younicos GmbH offers smart storage and grid solutions based on battery technology. It specializes in the integration of grid infrastructure elements. The firm's products and services include battery storage systems, micro-grid systems, and consulting services. The company was founded by Clemens Triebel and Alexander Voigt in 2005 and is headquartered in Berlin, Germany.

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

Suppliers
Spire Corp. Biotechnology | 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 supplying of circuit protection products for the electronics, automotive and electrical industries. The company offers electromechanical and electronic switch and control devices for commercial and specialty vehicles and sensors for automobile safety systems. 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 maintains a direct sales force to service all the major automotive OEMs and system suppliers domestically. The Industrial segment consists of 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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