First Solar (FSLR) Operating Leases (2019 - 2023)

First Solar (FSLR) posted Operating Leases of $36.2 million for Q2 2023, down 24.34% on a QoQ basis from $47.8 million in Q1 2023, and down 36.71% year-over-year from $57.2 million in Q2 2022.

First Solar (FSLR) Operating Leases (2019 - 2023) Analysis & Trends

First Solar's Operating Leases history runs 5 years deep, the most recent figure standing at $36.2 million for Q2 2023.

  • Quarterly Operating Leases fell 36.71% year-over-year to $36.2 million in Q2 2023, while the trailing twelve-month figure through Jun 2023 was $36.2 million (down 36.71% YoY) and the FY2022 annual result came in at $40.6 million, down 72.18% from the prior year.
  • Operating Leases was $36.2 million for Q2 2023 at First Solar, down from $47.8 million in the prior quarter.
  • Across five years, Operating Leases topped out at $211.3 million in Q2 2020 and bottomed at $36.2 million in Q2 2023.
  • A 5-year average of $128.9 million and a median of $141.2 million in 2019 frame the typical range for Operating Leases.
  • Annual changes were most pronounced in 2020 — Operating Leases jumped 68.01% — and 2022, when it sank 74.28%.
  • First Solar's Operating Leases stood at $112.5 million in 2019, then soared by 68.01% to $189.0 million in 2020, then slipped by 22.81% to $145.9 million in 2021, then sank by 72.18% to $40.6 million in 2022, then retreated by 10.83% to $36.2 million in 2023.
  • Business Quant data shows FSLR's Operating Leases at $36.2 million in Q2 2023, $47.8 million in Q1 2023, and $40.6 million in Q4 2022.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 First Solar 22.08 Bn 19.65 Bn 486.13 Mn
2 Nextpower 15.32 Bn 14.23 Bn 297.38 Mn
3 Enphase Energy 4.98 Bn 4.05 Bn 100.39 Mn
4 JinkoSolar Holding 3.20 Bn -107.75 Mn 147.66 Mn
5 Solaredge Technologies 2.60 Bn 2.04 Bn 68.28 Mn
6 Sunrun 2.35 Bn 687.09 Mn 407.49 Mn
7 Shoals Technologies 1.55 Bn 1.55 Bn 41.01 Mn
8 Canadian Solar 925.64 Mn 166.07 Mn 124.40 Mn
9 Array Technologies 843.55 Mn 642.85 Mn 63.00 Mn
10 Toyo 182.74 Mn 106.10 Mn 47.76 Mn

Historic Data

Download Data
DateValue
Jun 30, 2023 36.19 Mn
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 136.53 Mn
Dec 31, 2021 145.91 Mn
Sep 30, 2021 173.63 Mn
Jun 30, 2021 175.76 Mn
Mar 31, 2021 196.68 Mn
Dec 31, 2020 189.03 Mn
Sep 30, 2020 184.89 Mn
Jun 30, 2020 211.33 Mn
Mar 31, 2020 137.08 Mn
Dec 31, 2019 112.52 Mn
Sep 30, 2019 153.48 Mn
Jun 30, 2019 131.79 Mn
Mar 31, 2019 145.29 Mn