First Solar Org Chart & Sales Intelligence Blog

First Solar Org Chart & Sales Intelligence Blog

LinkedIn: https://www.linkedin.com/company/first-solar/
Twitter: https://twitter.com/FirstSolar
YouTube: https://www.youtube.com/user/firstsolar
Facebook: https://www.facebook.com/FirstSolarInc

First Solar, Inc. 2021 Fortune 500 Rank: #798

The First Solar Org Chart Report covers key business units including databahn goes further into the lines of business by charting HR, Finance, IT, Operations and more.

PREVIEW

 Download the First Solar Deep-Dive Report to see the full 9 organizational charts. 

The First Solar Contact Spreadsheet is a directory of names, titles, phone numbers, and addresses.

PREVIEW 

Download the First Solar Deep-Dive Report to gain contact information for all 1598 contacts.

First Solar Executive Leadership Team

Download the First Solar Deep-Dive Report to gain access to profiles of the key decision-makers at First Solar.

First Solar Board of Directors 

First Solar Sales Trigger Events

PREVIEW

First Solar Plans to Put $680 Million PV Plant In Ohio
October 5, 2021

Mark Widmar CEO of First Solar states, “This facility will represent a significant leap forward in photovoltaics manufacturing, a true factory of the future. It will leverage our advantaged position at the intersection of efficiency, energy yield, optimized form factor, and cost competitiveness, while leading our manufacturing fleet in delivering the highest efficiency and wattage, and the lowest cost per watt."

Source

First Solar, Inc. Announces it will Expand Global Footprint In India with a New GW Facility
July 29, 2021

First Solar, Inc. Completes Sale of North American O&M Business to NovaSource
March 31, 2021

The company announced the completion of the announced sale of North American Operations and Maintenance (O&M) business to NovaSource Power Services today.

Closing of the transaction, approximately 270 First Solar O&M associates joined NovaSource. The acquisition makes NovaSource the largest O&M provider globally.

Source 

First Solar Sells its Development Platform to Leeward
January 25, 2021

The company has entered into a Purchase and Sale Agreement with Leeward Renewable Energy Development, LLC. The transaction is expected to close in the first quarter of 2021.

“The sale of the platform is a result of the strategic review we announced in 2020 and we’re pleased that it will be acquired by Leeward, a company that shares our values and vision for a sustainable energy future,” said Mark Widmar, chief executive officer, First Solar. “Enabled by our Series 6 module’s seamless compatibility with industry systems and processes, the sale is part of a transition that allows us to focus on doing what we do best, which is scaling, developing, and selling our world-class module technology.”

Source

Download the First Solar Deep-Dive Report to gain access to all 48 sales trigger events.

First Solar Earnings Call Highlights 

PREVIEW

First Solar, Inc, (NASDAQ: FSLR) Q2 2021 Earnings Call
July 29, 2021 

Executives in Attendance:

• Mitchell Ennis - Manager, IR
• Mark Widmar - CEO & Director
• Alexander Bradley - CFO

Analysts Present:

• Philip Shen - ROTH Capital Partners
• Benjamin Kallo - Robert W. Baird & Co.
• Brian Lee - Goldman Sachs Group

Comments from Mark Widmar, CEO:

"I'm pleased to announce that contingent upon permitting and approval of government incentives that are satisfactory to First Solar, we are intending to invest approximately $680 million to add 3.3 gigawatts of manufacturing capacity in India."

"These next-generation factories represent a significant leap forward in our technology road map and will produce our most competitively advantaged modules with an expected lower cost per watt and environmental footprint compared to our existing fleet."

"From a technology standpoint, our production lines are manufacturing record modules. To illustrate this point, samples produced during our regular production process were submitted for external verification and confirmed by the National Renewable Energy Laboratory at a world record 19.2% glass area efficiency for a CdTe module."

"Additionally, our advanced research team has been creating new optionality in our R&D road map. For example, we recently deployed prototypes of early-stage bifacial modules at a test facility and are pleased with the initial results."

"As it relates to our CuRe program, the factory updates and tool implementations at our Vietnam site requires international travel from both third-party equipment installers as well as our U.S.-based associates. But we continue to work with relevant agencies in Vietnam who support this essential travel in a safe manner." 

Source

First Solar Financial Highlights  

Highlights from 2020 CEO's Letter to Shareholders

Mark Widmar
Chief Executive Officer

"Overall, I am pleased with the commercial implementation of our Series 6 manufacturing roadmap. We started Series 6 commercial production in April of 2018, and exited 2020 with a nameplate manufacturing capacity of 6.3 gigawatts (GW)."

"With six factories currently in operation across a geographically diverse footprint in the United States, Malaysia, and Vietnam, we have a strong platform from which we expect to grow, increasing expected nameplate capacity ~50% by year-end 2022."

"In 2020, the capabilities of our CadTel technology continued to grow, as we exited the year with average watts per module of 440 and a top production bin of 445 watts. This momentum has continued into 2021, with our modules achieving a top production bin of 450 watts in February."

"Net sales in 2020 were $2.7 billion, with earnings per share of $3.73. Over the past three years we have invested in six new Series 6 factories, and despite this signicant investment, our healthy balance sheet remains a strategic differentiator. Our net-cash position, which includes cash and cash equivalents, restricted cash, and marketable securities, less debt, at year-end was $1.5 billion."

"Comparing December 2020 against December 2019, megawatts (MW) produced per day increased to 17.3MW, an increase of 23%. Fleet-wide capacity utilization increased to 117%, an increase of 20 percentage points. Production yield increased to 97.6%, an increase of 3.2 percentage points. Average watts per module increased to 439 watts, an increase of 9 watts, and as noted, our top production bin increased to 445 watts."

Source

Download the First Solar Deep-Dive Report to gain access to full First Solar investor presentations and earnings call highlights.

First Solar's Capabilities

The company is focusing on markets and energy applications in which solar power can be a low cost solution. This includes regions with high solar resources, and high prices in electricity. First Solar differentiates its product offerings by geographic market. Products and service offerings are designed according to the following business areas:

• PV Solar Modules - The modules utilize the company's CdTe technology for manufacturing and quality control. First Solar's technology demonstrates performance advantages over crystalline silicon solar modules yielding long term reliability.
• Power Plant Solutions - These solutions develop and sell P0 solar power systems. These systems use modules manufactured to provide OM services. The company's gridconnected systems support its energy portfolio, reduce the consumption of fossil-fuel, and mitigate the risk of fuel price volatility.

First Solar Research and Development

The company's R&D department researches product development, manufacturing, and applications. The focus of First Solar's R&D is to improve the wattage and energy yield of solar modules. The company primarily conducts R&D activities and processes at the plant located in Perrysburg, Ohio.

First Solar regularly produces research cells in laboratories. The research cells are produced using lab equipment and methods that reflect the company's manufacturing capabilities.

First Solar Strategic Focuses

• Differentiated Technology
• Manufacturing Process
• Diversified Capabilities
• Financial Viability
• Sustainability

Source 

More on First Solar

• First Solar Contact Information
• First Solar Org Charts on Corporate Structure, Executive Leadership, Sales, Marketing, Finance, HR, Supply Chain, Technology, R&D, Manufacturing, etc.
• First Solar Financial Insights
• First Solar SWOT Report
• First Solar Technologies in Use
• First Solar IT Budgets
• First Solar Social Media Profiles
• First Solar Actionable Sales Trigger Events

About databahn

databahn builds customized deep dive account intelligence reports to help sellers and marketers eliminate costly research time and build pipeline opportunities. databahn focuses on large and complex Fortune 500, Fortune 1000, Global 2000, State Government, and Higher Education organizations. databahn's highly experienced research team is located in beautiful Nashua, New Hampshire. For more information, please email info@databahn.com