First Solar Inc. Stock
First Solar Inc. Stock
Pros and Cons of First Solar Inc. in the next few years
Pros
Cons
Performance of First Solar Inc. vs. its peers
| Security | Change(%) | 1w | 1m | 1y | YTD | 3y | 5y |
|---|---|---|---|---|---|---|---|
| First Solar Inc. | -5.290% | 5.182% | 1.952% | 21.294% | 34.041% | 62.177% | 225.901% |
| Sunrun Inc | -4.190% | 1.066% | -6.571% | 59.208% | 70.365% | -41.467% | -66.873% |
| Enphase Energy Inc. | -2.240% | 6.394% | 5.655% | -60.260% | -58.738% | -90.735% | -75.624% |
| Xinyi Solar Holdings Ltd | -3.350% | -6.888% | -24.401% | -16.088% | -13.321% | -67.975% | -77.000% |
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The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.First Solar, with the US symbol FSLR, operates in the renewable energy industry and appears to be in a healthy financial position. The company has experienced growth in its total assets, as well as an increase in its total stockholder equity. However, a closer examination of First Solar's financials reveals some areas of concern that should be considered by potential investors.
Growing Total Assets and Stockholders' Equity: Over the years, First Solar's total assets have grown from $7.1 billion in 2020 to $8.25 billion in 2022. Similarly, total stockholder equity has increased from$5.52 billion in 2020 to $5.84 billion in 2022, highlighting the company's ability to generate value for its shareholders.
Increase in Cash and Short-term Investments: First Solar has experienced substantial growth in its cash and short-term investments, rising from $1.23 billion in 2020 to $1.48 billion in 2022. This liquidity is essential for the company to fund its research & development, drive innovation, and capitalize on new opportunities in the renewable energy industry.
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