First Solar (FSLR) Divestments (2015 - 2023)
First Solar's (FSLR) quarterly Divestments came in at $7.7 million in Q4 2023, down 90.2% on a YoY basis from $78.4 million in Q4 2022, and down 90.2% quarter-over-quarter from $78.4 million in Q4 2022.
Analysis
First Solar (FSLR) Divestments (2015 - 2023) Analysis & Trends
First Solar (FSLR) has reported Divestments for 6 consecutive years, with $7.7 million the latest figure, recorded in Q4 2023.
- For the quarter ending Q4 2023, Divestments fell 90.2% year-over-year to $7.7 million; the trailing twelve-month figure through Dec 2023 stood at $7.7 million (down 98.13% YoY), and the FY2023 full-year result was $7.7 million, down 98.26% from the prior year.
- Divestments declined to $7.7 million in Q4 2023 per FSLR's latest filing, from $78.4 million in the prior quarter.
- Across five years, Divestments topped out at $324.5 million in Q2 2022 and bottomed at $1.9 million in Q1 2022.
- Historically, Divestments has averaged $89.9 million across 3 years, with a median of $43.0 million in 2022.
- The widest YoY moves for Divestments: up 114.28% in 2022, down 98.73% in 2022.
- Over 3 years, Divestments stood at $3.1 million in 2021, then surged by 2432.43% to $78.4 million in 2022, then plunged by 90.2% to $7.7 million in 2023.
- According to Business Quant data, Divestments over the past three periods registered $7.7 million, $78.4 million, and $6.6 million for Q4 2023, Q4 2022, and Q3 2022 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Divestments (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.23 Bn | 20.50 Bn | 605.00 Mn | - |
| 2 | Nextpower | 12.27 Bn | 11.06 Bn | 335.85 Mn | - |
| 3 | Enphase Energy | 4.89 Bn | 3.95 Bn | 175.01 Mn | - |
| 4 | Solaredge Technologies | 2.14 Bn | 1.56 Bn | 95.15 Mn | - |
| 5 | T1 Energy | 1.31 Bn | 1.10 Bn | 49.10 Mn | - |
| 6 | Shoals Technologies | 1.18 Bn | 1.16 Bn | 49.53 Mn | - |
| 7 | Canadian Solar | 884.21 Mn | -582.29 Mn | 168.48 Mn | - |
| 8 | Array Technologies | 699.32 Mn | 392.02 Mn | 99.60 Mn | - |
| 9 | JinkoSolar Holding | 612.47 Mn | -2.07 Bn | 75.62 Mn | - |
| 10 | Toyo | 132.74 Mn | 22.70 Mn | 36.97 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2023 | 7.68 Mn |
| Dec 31, 2022 | 78.40 Mn |
| Sep 30, 2022 | 6.60 Mn |
| Jun 30, 2022 | 324.50 Mn |
| Mar 31, 2022 | 1.86 Mn |
| Sep 30, 2021 | 3.10 Mn |
| Jun 30, 2021 | 151.43 Mn |
| Mar 31, 2021 | 145.97 Mn |
| Jun 30, 2018 | 240.00 Mn |
| Mar 31, 2018 | 7.56 Mn |
| Dec 31, 2016 | 290.00 Mn |
| Mar 31, 2016 | 1.50 Mn |
| Jun 30, 2015 | 238.98 Mn |