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First Solar Inc   (FSLR)
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First Solar Inc 's

Competitiveness


 

FSLR Sales vs. its Competitors Q3 2021



Comparing the results to its competitors, First Solar Inc reported Total Revenue decrease in the 3 quarter 2021 year on year by -37.09 %, despite revenue increase by most of its competitors of 17.99 %, recorded in the same quarter.

List of FSLR Competitors

With net margin of 7.75 % company reported lower profitability than its competitors.

More on FSLR Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


First Solar Inc Net Income in 3 quarter 2021 declined year on year by -70.84 %, despite income growth by most of its competitors

<<  More on FSLR Income Comparisons


First Solar Inc 's Comment on Competitors and Industry Peers


The renewable energy, solar energy, and solar module sectors are highly competitive and continually evolving as participants in these sectors strive to distinguish themselves within their markets and compete within the larger electric power industry. We face intense competition for sales of solar modules, which has resulted in and may continue to result in reduced margins and loss of market share. With respect to our components business, our primary sources of competition are currently crystalline silicon solar module manufacturers, as well as other thin-film module manufacturers and companies developing solar thermal and concentrated PV technologies. Certain of our existing or future competitors may be part of larger corporations that have greater financial resources and greater brand name recognition than we do and, as a result, may be better positioned to adapt to changes in the industry or the economy as a whole. Certain competitors may have direct or indirect access to sovereign capital, which could enable such competitors to operate at minimal or negative operating margins for sustained periods of time. Among PV module and cell manufacturers, the principal methods of competition include sales price per watt, conversion efficiency, reliability, warranty terms, and customer payment terms. If competitors reduce module pricing to levels near or below their manufacturing costs, or are able to operate at minimal or negative operating margins for sustained periods of time, our results of operations could be adversely affected. The global PV industry consisted of more than approximately 75 manufacturers of solar modules and cells. In the aggregate, these manufacturers had installed production capacity that significantly exceeded global demand. We believe the solar industry will continue to experience periods of structural imbalance between supply and demand (i.e., where production capacity exceeds global demand), and that such periods will put pressure on pricing, which could adversely affect our results of operations.

In addition, we expect to compete with future entrants to the PV industry that offer new technological solutions. We also face competition from semiconductor manufacturers and semiconductor equipment manufacturers or their customers, that produce PV cells, solar modules, or turn-key production lines.

We also face competition from companies that currently offer or are developing other renewable energy technologies (including wind, hydropower, geothermal, biomass, and tidal technologies) and other power generation sources that employ conventional fossil fuels.





  

Overall company Market Share Q3 2021

Overall company, revenue fell by -37.09 % and company lost market share, to approximate 1.35 %.





<<  More on FSLR Market Share.
 

*Market share calculated with total revenue.


FSLR's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
First Solar Inc 2,625 10,772 453 6,060
Corning Inc 13,756 33,114 1,671 34,600
3m Company 35,326 103,250 5,979 89,800
ROHM AND HAAS COMPANY 0 0 0 0
Dupont De Nemours Inc 17,634 40,561 6,519 63,000
Applied Materials Inc 21,628 143,571 5,307 14,000
Dow Inc 51,310 41,145 5,898 53,000
Sunedison, Inc. 0 0 0 7,260
Honeywell International Inc 34,635 143,172 5,547 131,000
Sunhydrogen Inc 0 194 132 1
Eurosite Power Inc. 0 0 0 7
New Global Energy, Inc. 0 0 0 1
Kmg Chemicals Inc 466 1,211 65 626
Versum Materials Inc 1,341 5,787 86 1,900
Matthews International Corp 1,671 1,420 3 10,300
Ascent Solar Technologies inc 1 80 -8 71
Jinkosolar Holding Co ltd 5,384 8,008 51 12,700
Renewable Energy & Power, Inc. 1 0 -2 5
Real Goods Solar, Inc. -3 1 -23 140
Sunrun Inc 1,495 9,334 -957 3,260
Solaredge Technologies Inc 1,770 18,223 146 1,007
Novaccess Global Inc 2 6 -10 2
Vivint Solar Inc 378 5,378 -456 2,322
Athlon Acquisition Corp 0 270 0 3
Sunvalley Solar, Inc. 6 0 2 32
Spi Energy Co Ltd 139 0 -6 327
Cmc Materials Inc 1,200 4,297 -69 1,179
Enphase Energy Inc 1,234 31,430 166 336
Beam Global 9 228 -7 0
Intermolecular Inc 25 59 -11 105
Sunpower Corp 987 4,293 -71 7,306
Yingli Green Energy Holding Co Ltd 648 260 -241 9,217
Sgoco Group Ltd 4 608 -68 11
Sunworks Inc 78 112 -18 0
SUBTOTAL 193,749 606,785 30,079 449,578


       
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