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Transcript of First Solar
Lower manufacturing cost to $1 per watt
Produce 1 GW in a single year
Implement a global PV module recycling program
Current Record holder of CdTe thin film solar module efficiency at 14.4% and cell efficiency of 18.7%.
CEO- James A. Hughes
CFO/CAO- Mark Widmar
COO- Georges Antoun
Chairman of the Board- Michael J. Ahearn
-San Francisco, New Jersey, Ontario
-Dubai, South Africa
-Beijing, New Delhi, Sydney
Subsidiaries and Products
First Solar GmbH
First Solar Holdings GmbH
First Solar Manufacturing Gmbh
Minera Teloro S.A. de C.V.
First Solar FE Holdings Pte. Ltd.
First Solar Malaysia Sgn. Bhd.
First Solar Electric, LLC
FSE Blythe I, LLC
BUSI 1200, sec. 002
1990- Solar Cells, Inc. founded
1999- Rebranded as First Solar
2002- Commercial grade manufacturing
2006- Goes public
2009- Manufacturing cost of $1 per watt
Malaysia, USA (Ohio)
Move marketing campaigns to places like India
Cheaper than conventional electricity
Put more focus on research and development
Core Competencies and Corporate Social Responsibility and Contributions
First Solar "has a long-standing commitment to conducting business in compliance with applicable laws and regulations, and in accordance with the highest ethical principles."
Code of Business Conduct and Ethics adopted October 3rd, 2006
As of September 20th, 2013:
Closed at 39.02
Volume of 4,268,529
Next Earnings Date October 28th, 2013
As of June 30th, 2013:
Net Income $33, 598
Summary and Prediction
Last years Net Loss was ($96,338)
In 2012 closed major factory in Germany and cut 2,000 jobs
Resizing company to a more reliable level
Currently showing Net Income