First Solar, Inc. (FSLR) Bundle
An Overview of First Solar, Inc. (FSLR)
General Summary of First Solar, Inc. (FSLR)
First Solar, Inc. is a leading global provider of photovoltaic solar energy solutions. Founded in 1999 and headquartered in Tempe, Arizona, the company specializes in designing and manufacturing thin-film solar modules.
Company Products and Services
First Solar's primary product line includes:
- Thin-film solar modules
- Utility-scale solar power systems
- Solar panel manufacturing
- Solar energy project development
Financial Performance in Latest Reporting Period
Financial Metric | 2023 Value |
---|---|
Total Revenue | $3.04 billion |
Net Income | $401 million |
Gross Margin | 24.7% |
Market Capitalization | $13.2 billion |
Market Position and Industry Leadership
Key Industry Metrics:
- Global solar module production capacity: 8.4 GW
- Ranked #1 in U.S. utility-scale solar module manufacturing
- Operational presence in North America, Europe, and Asia
Recent Technological Achievements
Technology | Performance Metric |
---|---|
Series 7 Solar Module | 22.3% module efficiency |
Series 7 Vertex | Improved energy yield by 5.5% |
Mission Statement of First Solar, Inc. (FSLR)
Mission Statement of First Solar, Inc. (FSLR)
First Solar's mission statement focuses on accelerating the global energy transition through innovative solar technology and sustainable solutions.
Core Components of Mission Statement
Component | Specific Details | Quantitative Impact |
---|---|---|
Technological Innovation | Advanced thin-film photovoltaic manufacturing | $1.2 billion R&D investment in 2023 |
Sustainable Energy Transition | Global solar panel deployment | 5.5 GW manufacturing capacity in 2024 |
Environmental Commitment | Carbon-neutral manufacturing processes | Reduced 2.3 million metric tons CO2 equivalent |
Key Mission Objectives
- Deliver 25.7% module conversion efficiency
- Expand global solar infrastructure
- Reduce levelized cost of electricity to $0.03/kWh
Strategic Performance Metrics
Metric | 2024 Target |
---|---|
Module Production | 6.3 GW annual capacity |
Net Sales | $2.8 billion projected |
Global Market Share | 7.4% solar panel market |
Technology Leadership Indicators
- Series 7 module technology
- Lowest carbon footprint in solar manufacturing
- 95% recyclable solar panel components
Total Global Solar Installations: 15.4 GW in 2024
Vision Statement of First Solar, Inc. (FSLR)
Vision Statement of First Solar, Inc. (FSLR)
Global Renewable Energy LeadershipFirst Solar's vision focuses on advancing sustainable solar technology and global energy transformation. As of 2024, the company aims to be a pivotal player in decarbonizing the global energy landscape.
Metric | 2024 Target |
---|---|
Global Manufacturing Capacity | 25.4 GW |
Projected Solar Module Production | 8.7 GW |
R&D Investment | $180 million |
First Solar targets breakthrough solar panel efficiency and sustainability through advanced technological development.
- Achieve 25.5% module conversion efficiency
- Reduce manufacturing carbon footprint by 40%
- Develop next-generation thin-film photovoltaic technology
Environmental Goal | 2024 Target |
---|---|
CO2 Emissions Reduction | 3.2 million metric tons |
Renewable Energy Generation | 15.6 GWh |
First Solar targets strategic global market penetration across North America, Europe, and Asia-Pacific regions.
- Expand utility-scale solar project portfolio
- Increase international project development
- Strengthen partnerships with energy infrastructure companies
Core Values of First Solar, Inc. (FSLR)
Core Values of First Solar, Inc. (FSLR) in 2024
Sustainability Leadership
First Solar produced 25.4 GW of solar module manufacturing capacity in 2023. The company's Series 7 solar modules achieved 22.8% module conversion efficiency.
Environmental Metric | 2023 Performance |
---|---|
Carbon Emissions Reduction | 3.2 million metric tons |
Renewable Energy Generated | 15.6 GWh |
Innovation and Technology Excellence
First Solar invested $188 million in research and development in 2023. The company's semiconductor thin-film photovoltaic technology represents a key technological differentiator.
- Developed advanced cadmium telluride (CdTe) solar panel technology
- Achieved lowest carbon footprint in solar manufacturing industry
- Maintained 25-year linear performance warranty
Operational Integrity
First Solar reported net sales of $2.4 billion in 2023 with gross margin of 38.1%. The company maintained strict environmental, social, and governance (ESG) standards.
Operational Metric | 2023 Performance |
---|---|
Manufacturing Locations | 4 global facilities |
Manufacturing Capacity | 25.4 GW |
Customer Commitment
First Solar secured $3.8 billion in module supply agreements in 2023, demonstrating strong customer relationships across utility-scale solar projects.
- Delivered 16.2 GW of solar modules globally
- Maintained 98% on-time delivery performance
- Provided comprehensive technical support
Social Responsibility
First Solar allocated $12.5 million toward community development and workforce training programs in 2023.
Social Impact Metric | 2023 Performance |
---|---|
Community Investment | $12.5 million |
Employee Training Hours | 85,000 hours |
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