First Solar (FSLR) Current Leases (2010 - 2023)
First Solar's (FSLR) quarterly Current Leases came in at $9.4 million in Q1 2023, down 27.05% on a YoY basis from $12.8 million in Q1 2022, and up 5.12% quarter-over-quarter from $8.9 million in Q3 2022.
Analysis
First Solar (FSLR) Current Leases (2010 - 2023) Analysis & Trends
First Solar (FSLR) has reported Current Leases for 11 consecutive years, with $9.4 million the latest figure, recorded in Q1 2023.
- For the quarter ending Q1 2023, Current Leases fell 27.05% year-over-year to $9.4 million; the trailing twelve-month figure through Mar 2023 stood at $9.4 million (down 27.05% YoY), and the FY2021 full-year result was $12.8 million, changed N/A from the prior year.
- Current Leases rose to $9.4 million in Q1 2023 per FSLR's latest filing, from $8.9 million in the prior quarter.
- Across five years, Current Leases topped out at $17.0 million in Q1 2021 and bottomed at $8.9 million in Q3 2022.
- Historically, Current Leases has averaged $12.5 million across 4 years, with a median of $12.8 million in 2022.
- The sharpest annual moves came in 2021 and 2022: Current Leases jumped 43.61% in 2021, then plunged 34.34% in 2022.
- Over 4 years, Current Leases stood at $14.5 million in 2020, then decreased by 11.89% to $12.8 million in 2021, then plunged by 30.31% to $8.9 million in 2022, then advanced by 5.12% to $9.4 million in 2023.
- According to Business Quant data, Current Leases over the past three periods registered $9.4 million, $8.9 million, and $9.4 million for Q1 2023, Q3 2022, and Q2 2022 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current Leases (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.26 Bn | 20.53 Bn | 605.00 Mn | - |
| 2 | Nextpower | 12.25 Bn | 11.04 Bn | 335.85 Mn | - |
| 3 | Enphase Energy | 4.86 Bn | 3.93 Bn | 175.01 Mn | - |
| 4 | Solaredge Technologies | 2.25 Bn | 1.67 Bn | 95.15 Mn | - |
| 5 | T1 Energy | 1.29 Bn | 1.08 Bn | 49.10 Mn | - |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | - |
| 7 | Canadian Solar | 877.81 Mn | -588.69 Mn | 168.48 Mn | 93.02 Mn |
| 8 | Array Technologies | 700.09 Mn | 392.79 Mn | 99.60 Mn | 506,000.00 |
| 9 | JinkoSolar Holding | 608.82 Mn | -2.07 Bn | 75.62 Mn | 5.70 Mn |
| 10 | Toyo | 131.54 Mn | 21.49 Mn | 36.97 Mn | 3.53 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2023 | 9.36 Mn |
| Sep 30, 2022 | 8.91 Mn |
| Jun 30, 2022 | 9.44 Mn |
| Mar 31, 2022 | 12.83 Mn |
| Dec 31, 2021 | 12.78 Mn |
| Sep 30, 2021 | 13.57 Mn |
| Jun 30, 2021 | 13.22 Mn |
| Mar 31, 2021 | 16.98 Mn |
| Sep 30, 2020 | 14.51 Mn |
| Jun 30, 2020 | 14.45 Mn |
| Mar 31, 2020 | 11.82 Mn |
| Dec 31, 2016 | 355,000.00 |
| Dec 31, 2015 | 374,000.00 |
| Dec 31, 2014 | 372,000.00 |
| Dec 31, 2013 | 362,000.00 |
| Dec 31, 2012 | 344,000.00 |
| Dec 31, 2011 | 379,000.00 |
| Dec 31, 2010 | -213,000.00 |