First Solar (FSLR) Operating Leases (2019 - 2023)
First Solar (FSLR) reported Operating Leases of $47.8 million for Q1 2023, down 67.97% on a YoY basis from $149.4 million in Q1 2022, and up 17.85% quarter-over-quarter from $40.6 million in Q4 2022.
First Solar (FSLR) Operating Leases (2019 - 2023) Analysis & Trends
First Solar has reported Operating Leases for 5 years, with the latest figure at $47.8 million in Q1 2023.
- For the quarter ending Q1 2023, Operating Leases fell 67.97% year-over-year to $47.8 million; the trailing twelve-month figure through Mar 2023 stood at $47.8 million (down 67.97% YoY), and the FY2022 full-year result was $40.6 million, down 72.18% from the prior year.
- Operating Leases for Q1 2023 stood at $47.8 million, up from $40.6 million in the prior quarter.
- The five-year high for Operating Leases was $211.3 million in Q2 2020, with the low at $40.6 million in Q4 2022.
- Historically, Operating Leases has averaged $136.1 million across 5 years, with a median of $145.3 million in 2019.
- Annual changes were most pronounced in 2020 — Operating Leases jumped 68.01% — and 2022, when it slumped 74.28%.
- First Solar's Operating Leases stood at $112.5 million in 2019, then jumped by 68.01% to $189.0 million in 2020, then retreated by 22.81% to $145.9 million in 2021, then tumbled by 72.18% to $40.6 million in 2022, then increased by 17.85% to $47.8 million in 2023.
- The last three Operating Leases figures came in at $47.8 million (Q1 2023), $40.6 million (Q4 2022), and $44.7 million (Q3 2022), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn |
| 10 | Skycorp Solar | 110.38 Mn | 103.60 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2023 | 47.84 Mn |
| Dec 31, 2022 | 40.59 Mn |
| Sep 30, 2022 | 44.66 Mn |
| Jun 30, 2022 | 57.19 Mn |
| Mar 31, 2022 | 149.36 Mn |
| Dec 31, 2021 | 145.91 Mn |
| Sep 30, 2021 | 173.63 Mn |
| Jun 30, 2021 | 188.98 Mn |
| Mar 31, 2021 | 196.68 Mn |
| Dec 31, 2020 | 189.03 Mn |
| Sep 30, 2020 | 199.39 Mn |
| Jun 30, 2020 | 211.33 Mn |
| Mar 31, 2020 | 137.08 Mn |
| Dec 31, 2019 | 112.52 Mn |
| Sep 30, 2019 | 142.26 Mn |
| Jun 30, 2019 | 131.79 Mn |
| Mar 31, 2019 | 145.29 Mn |