About First Solar
First Solar is a company based in Tempe (United States) founded in 1999 by Mike Ahearn.. The company has 8,100 employees as of December 31, 2024. First Solar has completed 5 acquisitions, including Enki Tech, Evolar and NextLight. First Solar offers products and services including Series 7 Module, Series 6 Module, Ecosystem Solutions, and Recycling Solutions. First Solar operates in a competitive market with competitors including Ambient Photonics, Q-Cells, Oxford Photovoltaics, Swift Solar and Heliatek, among others.
- Headquarter Tempe, United States
- Employees 8100 as on 31 Dec, 2024
- Founders Mike Ahearn
- Stage Public
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Sectors
Energy & Utilities
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Email
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Phone
*********
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Website
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Social
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- Legal Name First Solar, Inc.
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Annual Revenue
$4.21 B26.75as on Dec 31, 2024
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Net Profit
$1.29 B55.52as on Dec 31, 2024
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EBITDA
$1.9 B51.63as on Dec 31, 2024
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Latest Funding Round
$488 K (USD), Post-IPO
Jan 29, 2018
- Investors
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Employee Count
8100
as on Dec 31, 2024
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Investments & Acquisitions
Enki Tech
& 4 more
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IPO & Listings of First Solar
First Solar is a publicly listed company on the NASDAQ with ticker symbol FSLR in USA, operating in the Electronic technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of First Solar
First Solar offers a comprehensive portfolio of products and services, including Series 7 Module, Series 6 Module, Ecosystem Solutions, and Recycling Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Advanced thin film PV module for efficient energy production and sustainability.
High-quality thin film PV module for reliable renewable energy applications.
Comprehensive support for utility-scale and distributed solar generation projects.
End-of-life recycling services for solar modules to promote responsible disposal.
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Software Development Team
140 people
Product Management Team
72 people
Manufacturing Team
39 people
Sales and Marketing
23 people
Leadership Team
22 people
Operations Team
22 people
Human Resources and Administration
15 people
Finance and Accounting
13 people
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Funding Insights of First Solar
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $488,000
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First Round
First Round
(29 Jan 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2018 | Amount | Post-IPO - First Solar | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in First Solar
First Solar has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include GSA Capital Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Quantitative trading firm delivering returns through systematic strategies across asset classes.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by First Solar
First Solar has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Enki Tech, Evolar and NextLight. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Perovskite-based solar panels are provided for high-volume production.
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2019 | ||||
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Manufacturer of single-axis photovoltaic tracking systems
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2011 | ||||
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Large-scale solar PV plants are developed and operated for mining.
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - First Solar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
First Solar Comparisons
Competitors of First Solar
First Solar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ambient Photonics, Q-Cells, Oxford Photovoltaics, Swift Solar and Heliatek, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Solar cells are supplied for powering connected IoT devices.
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| domain | founded_year | HQ Location |
Manufactures and sells solar modules for eco-friendly power generation globally.
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| domain | founded_year | HQ Location |
Perovskite-based solar cells are provided for BIPV applications.
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| domain | founded_year | HQ Location |
Flexible perovskite solar cells are provided using hybrid halide materials.
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| domain | founded_year | HQ Location |
Organic solar films and photovoltaic panels are manufactured.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on First Solar
Frequently Asked Questions about First Solar
When was First Solar founded?
First Solar was founded in 1999 and raised its 1st funding round 19 years after it was founded.
Where is First Solar located?
First Solar is headquartered in Tempe, United States. It is registered at Tempe, Arizona, United States.
Who is the current CEO of First Solar?
Mark Widmar is the current CEO of First Solar.
How many employees does First Solar have?
As of Dec 31, 2024, the latest employee count at First Solar is 8,100.
What is the annual revenue of First Solar?
Annual revenue of First Solar is $4.21B as on Dec 31, 2024.
What does First Solar do?
First Solar was founded in 1999 and is headquartered in Tempe, United States. Operations focus on the solar energy sector, where cadmium telluride-based flexible solar modules are produced using advanced semiconductor technology. Comprehensive photovoltaic system solutions are offered to support installation and integration. A program for the collection and recycling of solar modules is managed to handle end-of-life materials. The company serves global markets through its manufacturing and service networks.
Who are the top competitors of First Solar?
First Solar's top competitors include Oxford Photovoltaics, Swift Solar and Tandem PV.
What products or services does First Solar offer?
First Solar offers Series 7 Module, Series 6 Module, Ecosystem Solutions, and Recycling Solutions.
Is First Solar publicly traded?
Yes, First Solar is publicly traded on NASDAQ under the ticker symbol FSLR.
How many acquisitions has First Solar made?
Who are First Solar's investors?
First Solar has 1 investor. Key investors include GSA Capital Partners.
What is First Solar's ticker symbol?
The ticker symbol of First Solar is FSLR on NASDAQ.
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