Description

First Solar, Inc.: Expansion of Global Manufacturing Capabilities Is A Key Growth Catalyst? 

First Solar, Inc. reported its third-quarter financial results for 2024, illustrating a mixed performance while navigating challenging market conditions and operational setbacks. During the quarter, First Solar achieved a net sales of $0.9 billion, indicating a decrease from the previous quarter, primarily due to a decrease in megawatt volume sold, coupled with a $50 million product warranty charge linked to manufacturing issues in their Series 7 product line. The company also noted a decline in cash reserves, primarily driven by capital expenditure on new facilities and an increase in working capital. Despite these challenges, the company managed to maintain a gross margin of 50%, benefiting from higher contract termination payments.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

Want unlimited access to our reports? Purchase our $99 annual subscription!