NASDAQ$FSLR
First Solar, Inc. · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Announced financial results for the fourth quarter and year ended December 31, 2021.
First Solar reported Q4 net sales of $0.9 billion and net income per diluted share of $1.23. The company's full year earnings per diluted share came in above the mid-point of the guidance range. Year-end cash, cash equivalents, restricted cash, and marketable securities decreased to $1.8 billion.
- Net sales of $2.9 billion for 2021 and $0.9 billion for the fourth quarter
- Net income per diluted share of $4.38 for 2021 and $1.23 for the fourth quarter
- Year-end 2021 cash, cash equivalents, restricted cash, and marketable securities of $1.8 billion
- 17.5 GWDC of 2021 net bookings; 11.8 GWDC since third quarter earnings call
Headline financials
Revenue & EPS history
First Solar · Revenue · Quarterly
$907M
Forward guidance
Forecasted net sales for 2022 are $2.4 billion to $2.6 billion. Operating income is forecasted to be $55 million to $150 million. Forecasted net income per diluted share is $0.00 to $0.60. The year-end 2022 ending net cash balance is projected to be in the range of $1.1 billion to $1.35 billion.
Tailwinds
- Net Sales $2.4B to $2.6B
- Gross Margin $155M to $215M
- Operating Income $55M to $150M
- Earnings per Diluted Share $0.00 to $0.60
- Net Cash Balance $1.1B to $1.35B
Headwinds
- Includes $10 million to $15 million of underutilization losses
- Includes $85 million to $90 million of production start-up expense
- Includes $95 million to $105 million of production start-up expense and underutilization losses
- Includes $270 million to $290 million pre-tax gain related to the potential sale of the Japan project development and O&M platform
- Capital Expenditures $850M to $1.1B
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2021
+0.1%
Avg return
Earnings day
+1.4%
Avg return
5 days after
+5.7%
Avg return
30 days after
46%
33 / 72 earnings
Positive
+29.2%
Q2 2022
Best reaction
-17.4%
Q4 2012
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +5.9% | +15.1% | +60.7% | |
| Q4 2025 | -3.5% | -17.8% | -21.8% | |
| Q3 2025 | +10.0% | +18.8% | +16.8% | |
| Q1 2025 | -8.3% | -7.3% | +15.2% | |
| Q4 2024 | +6.4% | -13.4% | -13.7% | |
| Q3 2024 | -3.7% | -0.0% | -6.1% | |
| Q2 2024 | -2.0% | -3.3% | +1.2% | |
| Q1 2024 | +2.4% | +9.9% | +54.1% | |
| Q4 2023 | +3.2% | +9.3% | +16.8% | |
| Q3 2023 | +4.8% | +11.5% | +15.7% | |
| Q2 2023 | +5.6% | +2.7% | -10.1% | |
| Q1 2023 | -8.5% | -11.6% | +1.1% | |
| Q4 2022 | +17.8% | +26.5% | +28.4% | |
| Q3 2022 | +1.0% | +13.1% | +30.5% | |
| Q2 2022 | +29.2% | +29.9% | +58.6% | |
| Q1 2022 | +1.2% | +4.1% | -0.2% | |
| Q4 2021 | -7.7% | -4.6% | +11.2% | |
| Q3 2021 | -0.4% | -2.3% | -15.9% | |
| Q2 2021 | +3.1% | +10.6% | +13.1% | |
| Q1 2021 | -13.7% | -16.8% | -14.2% | |
| Q4 2020 | -8.0% | -5.5% | -2.7% | |
| Q3 2020 | +11.4% | +3.9% | +10.4% | |
| Q2 2020 | +11.0% | +6.8% | +9.6% | |
| Q1 2020 | +2.4% | -6.4% | +19.2% | |
| Q4 2019 | -11.8% | -15.3% | -41.3% | |
| Q3 2019 | -4.7% | -3.6% | -1.6% | |
| Q2 2019 | +3.3% | -2.6% | -3.8% | |
| Q1 2019 | +1.5% | +1.3% | -4.6% | |
| Q4 2018 | +3.9% | +0.4% | +1.4% | |
| Q3 2018 | -7.2% | -6.2% | +2.1% | |
| Q2 2018 | -4.4% | -3.1% | -3.6% | |
| Q1 2018 | +5.9% | -8.2% | -7.2% | |
| Q4 2017 | -7.4% | -4.8% | +5.9% | |
| Q3 2017 | +21.7% | +15.7% | +27.9% | |
| Q2 2017 | +7.5% | +9.3% | +4.4% | |
| Q1 2017 | +14.8% | +16.9% | +29.7% | |
| Q4 2016 | -3.6% | +8.8% | -18.0% | |
| Q3 2016 | -15.9% | -17.8% | -26.6% | |
| Q2 2016 | -8.5% | -8.3% | -20.1% | |
| Q1 2016 | -6.9% | — | — | |
| Q4 2015 | +8.1% | — | — | |
| Q3 2015 | +12.2% | — | — | |
| Q2 2015 | +18.8% | — | — | |
| Q1 2015 | -7.4% | — | — | |
| Q4 2014 | +17.9% | — | — | |
| Q3 2014 | -10.6% | — | — | |
| Q2 2014 | +3.9% | — | — | |
| Q1 2014 | -7.1% | — | — | |
| Q4 2013 | -8.7% | — | — | |
| Q3 2013 | +15.1% | — | — | |
| Q2 2013 | -15.4% | — | — | |
| Q1 2013 | -5.6% | — | — | |
| Q4 2012 | -17.4% | — | — | |
| Q3 2012 | -7.2% | — | — | |
| Q2 2012 | +15.4% | — | — | |
| Q1 2012 | -7.0% | — | — | |
| Q4 2011 | -16.4% | — | — | |
| Q3 2011 | -0.9% | — | — | |
| Q2 2011 | -7.5% | — | — | |
| Q1 2011 | +3.2% | — | — | |
| Q4 2010 | -5.4% | — | — | |
| Q3 2010 | -0.0% | — | — | |
| Q2 2010 | +1.0% | — | — | |
| Q1 2009 | +12.4% | — | — | |
| Q1 2010 | +2.5% | — | — | |
| Q4 2009 | -8.8% | — | — | |
| Q4 2007 | -8.8% | — | — | |
| Q3 2008 | -3.8% | — | — | |
| Q3 2009 | -3.8% | — | — | |
| Q2 2008 | -4.2% | — | — | |
| Q2 2009 | -4.2% | — | — | |
| Q4 2008 | -4.2% | — | — |
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