First Solar saw net sales decrease by 4% year on year to $1.06 billion, but adjusted EBITDA grow 15% year on year to $644 million, implying margin expansion of 990 basis points to 60.9%. Guidance is still calling for $2.7 billion at the midpoint, despite strong year-to-date performance.
First Solar’s balance sheet strength has enabled the company to persist through solar cycles when competitors have failed.
First Solar competes in the fiercely competitive and highly commoditized solar module industry.
|
Metric
|
FSLR
|
ENPH
|
|---|---|---|
Price/Earnings (Normalized) | 15.42 | 16.42 |
Price/Book Value | 2.60 | 4.68 |
Price/Sales | 5.00 | 4.20 |
Price/Cash Flow | 11.08 | 12.30 |
|
Metric
|
FSLR
|
ENPH
|
|---|---|---|
Quick Ratio | 1.71 | 2.14 |
Current Ratio | 2.52 | 3.45 |
Interest Coverage | 45.45 | 42.31 |
|
Metric
|
FSLR
|
ENPH
|
|---|---|---|
Return on Assets (Normalized) | 13.32% | 9.77% |
Return on Equity (Normalized) | 18.70% | 29.15% |
Return on Invested Capital (Normalized) | 16.77% | 13.07% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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NXT
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United States