First Solar (FSLR) Leases (2019 - 2023)
First Solar posted quarterly Leases of $81.5 million for Q3 2023, down 16.71% year-on-year from $97.9 million in Q3 2022, and down 9.18% on a QoQ basis from $89.7 million in Q2 2023.
First Solar (FSLR) has 5 years of Leases data on file, last reported at $81.5 million in Q3 2023.
- For the quarter ending Q3 2023, Leases fell 16.71% year-over-year to $81.5 million; the trailing twelve-month figure through Sep 2023 stood at $81.5 million (down 16.71% YoY), and the FY2022 full-year result was $93.2 million, down 55.1% from the prior year.
- Leases for Q3 2023 stood at $81.5 million, down from $89.7 million in the prior quarter.
- Across five years, Leases topped out at $238.5 million in Q3 2021 and bottomed at $81.5 million in Q3 2023.
- The 5-year median for Leases is $168.2 million (2019), against an average of $165.4 million.
- The widest annual swing landed in 2020, when Leases soared 55.56%; it then slumped 58.97% in 2022.
- A 5-year view of Leases shows it stood at $145.7 million in 2019, then jumped by 55.56% to $226.7 million in 2020, then dropped by 8.44% to $207.5 million in 2021, then plunged by 55.1% to $93.2 million in 2022, then slipped by 12.53% to $81.5 million in 2023.
- The last three Leases figures came in at $81.5 million (Q3 2023), $89.7 million (Q2 2023), and $91.3 million (Q1 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Leases (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | - |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 50.87 Mn |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 441.29 Mn |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | - |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | 50.09 Mn |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 57.78 Mn |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 45.00 Mn |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 48.27 Mn |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | 514.34 Mn |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | 2.16 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2023 | 81.51 Mn |
| Jun 30, 2023 | 89.75 Mn |
| Mar 31, 2023 | 91.28 Mn |
| Dec 31, 2022 | 93.19 Mn |
| Sep 30, 2022 | 97.86 Mn |
| Jun 30, 2022 | 101.86 Mn |
| Mar 31, 2022 | 197.06 Mn |
| Dec 31, 2021 | 207.54 Mn |
| Sep 30, 2021 | 238.51 Mn |
| Jun 30, 2021 | 217.63 Mn |
| Mar 31, 2021 | 220.69 Mn |
| Dec 31, 2020 | 226.66 Mn |
| Sep 30, 2020 | 223.55 Mn |
| Jun 30, 2020 | 237.00 Mn |
| Mar 31, 2020 | 160.75 Mn |
| Dec 31, 2019 | 145.71 Mn |
| Sep 30, 2019 | 176.79 Mn |
| Jun 30, 2019 | 166.51 Mn |
| Mar 31, 2019 | 168.21 Mn |