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
DateValue
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