Profile: First Solar Inc (FSLR.O)

FSLR.O on Nasdaq

22 May 2015
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First Solar, Inc., incorporated on May 15, 2003, manufactures and sells photovoltaic (PV) solar modules with an advanced thin-film semiconductor technology, and it designs, constructs, and sells PV solar power systems. The Company is a thin-film PV solar module manufacturer and a PV solar module manufacturer. It operates its business in two segments: components segment and systems segment. Its components segment involves the design, manufacture, and sale of solar modules, which convert sunlight into electricity. Its systems business involves the sale of its solar modules coupled with the engineering, procurement and construction of the solar PV power plant.

Components Business

Each solar module is a glass laminate approximately 2 feet x 4 feet (60 centimeters x 120 centimeters) in size that encapsulates a cadmium telluride (CdTe) thin-film semiconductor. The Company’s solar modules had an average rated power of approximately 91 watts for 2013. The Company’s semiconductor structure is a single-junction polycrystalline thin-film that uses cadmium telluride as the absorption layer and cadmium sulfide as the window layer. The Company’s PV solar power systems business includes project development, engineering, procurement, and construction (EPC) services, operating and maintenance (O&M) services, and project finance expertise.

Systems Business

Through its integrated systems business, the Company provides a solar power system solution using its solar modules, which may include project development, EPC services, O&M services, and project finance. OptiSolar Inc. includes a multi-gigawatt project pipeline. NextLight Renewable Power, LLC (NextLight) is a developer of utility-scale solar projects in the southwestern United States. In Europe, the Company is engaged in project development activities with respect to certain projects in Germany and Italy. The Company’s customers consist of investor-owned utilities, independent power developers and producers, commercial and industrial companies, and other system owners who purchase from the Company completed solar power plants, EPC services, and O&M services when required.

Company Address

First Solar Inc

350 W Washington St Ste 600
TEMPE   AZ   85281-1496
P: +1602.4149300
F: +1602.4149400

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