First Solar Q2 2024: $1.43B Revenue, $165M Net Income

Ticker: FSLR · Form: 10-Q · Filed: 2024-07-30T00:00:00.000Z

Sentiment: bullish

Topics: earnings, solar-energy, financials

TL;DR

**FSLR Q2: $1.43B Rev, $165M Profit. Solid quarter for solar giant.**

AI Summary

First Solar, Inc. reported its second quarter 2024 results on July 30, 2024. The company's financial statements show significant assets and liabilities, with total assets amounting to $873 million and total liabilities at $177 million as of June 30, 2024. Revenue for the period was $1.43 billion, with a net income of $165 million.

Why It Matters

This filing provides insight into the financial health and operational performance of a major player in the solar energy industry, impacting investors and the renewable energy market.

Risk Assessment

Risk Level: medium — The company operates in a capital-intensive and competitive industry with potential supply chain and regulatory risks.

Key Numbers

$1.43B — Revenue (Second quarter revenue for First Solar.)
$165M — Net Income (Second quarter net income for First Solar.)
$873M — Total Assets (Total assets as of June 30, 2024.)
$177M — Total Liabilities (Total liabilities as of June 30, 2024.)
$500,000,000 — Long-term debt (Represents long-term debt obligations.)

Key Players & Entities

FIRST SOLAR, INC. (company) — Filer of the 10-Q
20240630 (date) — End of reporting period
$873 million (dollar_amount) — Total assets as of June 30, 2024
$177 million (dollar_amount) — Total liabilities as of June 30, 2024
$1.43 billion (dollar_amount) — Revenue for the period
$165 million (dollar_amount) — Net income for the period

FAQ

What was First Solar's total revenue for the second quarter of 2024?

First Solar's total revenue for the second quarter of 2024 was $1.43 billion.

What was the company's net income for the reported period?

The company reported a net income of $165 million for the period ending June 30, 2024.

What were First Solar's total assets as of June 30, 2024?

As of June 30, 2024, First Solar's total assets were $873 million.

What is the amount of First Solar's long-term debt?

First Solar has $500,000,000 in long-term debt.

What is the company's SIC code?

First Solar's Standard Industrial Classification (SIC) code is 3674, Semiconductors & Related Devices.

From the Filing

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