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First Solar

Company Profile
First Solar
Enterprise Value: US$19.4 bn
Region: North America
Cleaner Energy

First Solar is a US-based manufacturer of solar photovoltaic (PV) panels. Headquartered in Arizona, the company is the leading supplier of thin-film modules that are used primarily in utility-scale and commercial power plants. The company has manufacturing facilities in Malaysia and Vietnam as well as the United States and operates a sector leading approach to manufacture and recycling of its solar modules.

Impact Score: 42%

First Solar modules are the key element in a solar farm and represent a critical technology in decarbonising the global economy. Solar PV is a near-zero emission technology with a dramatically lower carbon footprint than traditional power generation technologies. While FirstSolar is differentiated, the overall market is extremely competitive.

Fundamental Quality: 64%

Solar module manufacturing is a commoditised market with intense price competition. First Solar is though the only large-scale solar module manufacturer that uses thin-film technology. The technology provides some level of differentiation as does the company’s manufacturing locations which avoid China. The company is conservatively run, has a strong approach to ESG issues and has a solid and experienced management team.

Link to UN SDGs SDG 7
First Solar’s products directly support SDG7 which is focused on the generation and provision of affordable and clean energy.
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Impact calculator metric
(per £1m invested)
Cleaner Energy:
8 tCO2e emissions avoided
View our impact calculator
Recent stewardship topics
  • Hazardous chemicals
  • Human capital
  • Net Zero Carbon strategy
  • Tax
  • Product impact reporting
  • Carbon/ GHG emissions strategy
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