FSLR

First Solar

Halal Rating :
Comfortable
Last Price $168
Market Cap $18.02b
1D Change

2.89 %

1 Year Change

4.19 %

Next Earnings Date

Yet to be announced

Company Overview

First Solar is a leading global provider of comprehensive photovoltaic (PV) solar energy solutions. The company designs, manufactures, and sells advanced thin-film solar modules based on Cadmium Telluride (CdTe) semiconductor technology. They also develop, construct, and sell PV solar power systems and provide operations and maintenance services.

The company operates through two business segments: Modules and Systems. The Modules segment involves the design, manufacture, and sale of CdTe solar modules, while the Systems segment provides PV solar power system solutions including project development, engineering, procurement, and construction (EPC) services.

Revenue Sources

Pass

First Solar's revenue comes primarily from the sale of solar modules and complete solar power systems, along with related services. These are halal products and services that contribute to sustainable energy production. The company does not derive any significant revenue from prohibited activities.

Reliance on Interest

Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
Sept. 30, 2024 $887.67m $574.68m - $9.01m 0.00% 1.57%
June 30, 2024 $1.01b $647.74m - $9.77m 0.00% 1.51%
March 31, 2024 $794.11m $560.18m - $9.21m 0.00% 1.64%
Dec. 31, 2023 $1.16b $767.84m - $7.07m 0.00% 0.92%

Based on the financial data from the last four quarters, First Solar's interest expense ratios relative to total expenses were consistently below the 5% threshold. The company's core business model does not rely on interest-based income or financing activities.

Operational Ethics

Pass

While First Solar has operations in various countries, including manufacturing facilities in the United States, Malaysia, India, and Vietnam, there is no evidence of material ongoing associations with entities involved in human rights violations. The company has no significant operations or R&D centers in Israel or direct ties with the Chinese Communist Party.

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