First Net Invested Capital vs Common Stock Analysis

FSLR Stock

USD 192.57 0.25 0.13%

First Solar financial indicator trend analysis is much more than just examining First Solar latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether First Solar is a good investment. Please check the relationship between First Solar Net Invested Capital and its Common Stock accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Solar. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

To learn how to invest in First Stock, please use our How to Invest in First Solar guide.

Net Invested Capital vs Common Stock

Net Invested Capital vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of First Solar Net Invested Capital account and Common Stock. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between First Solar's Net Invested Capital and Common Stock is -0.16. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Common Stock in the same time period over historical financial statements of First Solar, assuming nothing else is changed. The correlation between historical values of First Solar's Net Invested Capital and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of First Solar are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Net Invested Capital i.e., First Solar's Net Invested Capital and Common Stock go up and down completely randomly.

Correlation Coefficient

-0.16

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Common Stock

Most indicators from First Solar's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into First Solar current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Solar. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

To learn how to invest in First Stock, please use our How to Invest in First Solar guide.At this time, First Solar's Selling General Administrative is relatively stable compared to the past year. As of 11/28/2024, Tax Provision is likely to grow to about 48.3 M, while Enterprise Value is likely to drop slightly above 5.7 B.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	290.5M	350.6M	443.4M	317.5M
Cost Of Revenue	2.2B	2.5B	2.0B	1.7B

Total Operating Expenses Cost Of Revenue

First Solar fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Total Current Assets	Property Plant And Equipment Gross	Other Current Liab	Total Current Liabilities	Retained Earnings	Accounts Payable	Short Term Investments	Other Current Assets	Other Liab	Long Term Debt
Total Assets		0.35	0.96	0.57	-0.6	0.8	0.75	0.6	0.46	0.74	0.39	0.91	0.48	0.67	0.92	0.6	0.95	0.48	0.48	0.74	0.74	0.61	0.42	0.78	0.51	0.39
Short Long Term Debt Total	0.35		0.19	0.55	0.05	0.15	0.58	-0.03	0.15	0.03	0.85	0.19	0.8	0.48	0.2	0.77	0.3	0.6	0.14	0.37	0.41	0.23	-0.24	0.16	0.63	0.88
Total Stockholder Equity	0.96	0.19		0.53	-0.69	0.83	0.72	0.67	0.45	0.81	0.22	0.97	0.33	0.62	0.96	0.44	0.92	0.42	0.36	0.6	0.78	0.52	0.53	0.82	0.36	0.24
Property Plant And Equipment Net	0.57	0.55	0.53		-0.43	0.41	0.9	-0.05	-0.15	0.34	0.68	0.5	0.82	0.82	0.43	0.79	0.44	0.97	0.01	0.35	0.87	0.27	0.04	0.51	0.76	0.28
Net Debt	-0.6	0.05	-0.69	-0.43		-0.9	-0.52	-0.52	-0.15	-0.86	-0.08	-0.74	-0.29	-0.36	-0.69	-0.33	-0.68	-0.4	-0.27	-0.26	-0.68	-0.12	-0.48	-0.5	-0.35	0.14
Cash	0.8	0.15	0.83	0.41	-0.9		0.53	0.58	0.27	0.92	0.16	0.84	0.34	0.34	0.82	0.39	0.86	0.35	0.36	0.43	0.63	0.24	0.5	0.6	0.37	0.21
Non Current Assets Total	0.75	0.58	0.72	0.9	-0.52	0.53		0.33	0.28	0.45	0.71	0.69	0.81	0.93	0.66	0.85	0.63	0.87	0.24	0.55	0.95	0.51	0.1	0.66	0.78	0.32
Non Currrent Assets Other	0.6	-0.03	0.67	-0.05	-0.52	0.58	0.33		0.79	0.57	0.04	0.68	-0.03	0.3	0.73	0.17	0.69	-0.07	0.61	0.55	0.39	0.41	0.4	0.49	-0.01	0.01
Other Assets	0.46	0.15	0.45	-0.15	-0.15	0.27	0.28	0.79		0.24	0.13	0.46	0.05	0.3	0.55	0.21	0.47	-0.19	0.57	0.52	0.19	0.63	0.14	0.38	0.12	0.2
Cash And Short Term Investments	0.74	0.03	0.81	0.34	-0.86	0.92	0.45	0.57	0.24		-0.01	0.87	0.2	0.25	0.84	0.27	0.84	0.25	0.33	0.38	0.58	0.33	0.8	0.63	0.28	0.12
Net Receivables	0.39	0.85	0.22	0.68	-0.08	0.16	0.71	0.04	0.13	-0.01		0.17	0.92	0.67	0.18	0.91	0.33	0.77	0.28	0.46	0.58	0.28	-0.35	0.17	0.79	0.56
Common Stock Shares Outstanding	0.91	0.19	0.97	0.5	-0.74	0.84	0.69	0.68	0.46	0.87	0.17		0.3	0.57	0.99	0.42	0.91	0.38	0.39	0.57	0.76	0.49	0.63	0.82	0.33	0.24
Non Current Liabilities Total	0.48	0.8	0.33	0.82	-0.29	0.34	0.81	-0.03	0.05	0.2	0.92	0.3		0.71	0.28	0.95	0.41	0.87	0.16	0.41	0.7	0.34	-0.16	0.31	0.94	0.52
Inventory	0.67	0.48	0.62	0.82	-0.36	0.34	0.93	0.3	0.3	0.25	0.67	0.57	0.71		0.56	0.79	0.52	0.79	0.29	0.59	0.85	0.54	-0.04	0.56	0.7	0.19
Other Stockholder Equity	0.92	0.2	0.96	0.43	-0.69	0.82	0.66	0.73	0.55	0.84	0.18	0.99	0.28	0.56		0.43	0.93	0.31	0.51	0.66	0.7	0.56	0.6	0.77	0.32	0.27
Total Liab	0.6	0.77	0.44	0.79	-0.33	0.39	0.85	0.17	0.21	0.27	0.91	0.42	0.95	0.79	0.43		0.55	0.83	0.43	0.66	0.72	0.48	-0.08	0.36	0.92	0.49
Total Current Assets	0.95	0.3	0.92	0.44	-0.68	0.86	0.63	0.69	0.47	0.84	0.33	0.91	0.41	0.52	0.93	0.55		0.36	0.59	0.74	0.66	0.53	0.54	0.67	0.45	0.36
Property Plant And Equipment Gross	0.48	0.6	0.42	0.97	-0.4	0.35	0.87	-0.07	-0.19	0.25	0.77	0.38	0.87	0.79	0.31	0.83	0.36		0.0	0.3	0.84	0.17	-0.1	0.41	0.79	0.26
Other Current Liab	0.48	0.14	0.36	0.01	-0.27	0.36	0.24	0.61	0.57	0.33	0.28	0.39	0.16	0.29	0.51	0.43	0.59	0.0		0.87	0.14	0.51	0.2	0.21	0.24	0.13
Total Current Liabilities	0.74	0.37	0.6	0.35	-0.26	0.43	0.55	0.55	0.52	0.38	0.46	0.57	0.41	0.59	0.66	0.66	0.74	0.3	0.87		0.41	0.67	0.19	0.4	0.46	0.34
Retained Earnings	0.74	0.41	0.78	0.87	-0.68	0.63	0.95	0.39	0.19	0.58	0.58	0.76	0.7	0.85	0.7	0.72	0.66	0.84	0.14	0.41		0.37	0.24	0.68	0.66	0.16
Accounts Payable	0.61	0.23	0.52	0.27	-0.12	0.24	0.51	0.41	0.63	0.33	0.28	0.49	0.34	0.54	0.56	0.48	0.53	0.17	0.51	0.67	0.37		0.37	0.48	0.5	0.25
Short Term Investments	0.42	-0.24	0.53	0.04	-0.48	0.5	0.1	0.4	0.14	0.8	-0.35	0.63	-0.16	-0.04	0.6	-0.08	0.54	-0.1	0.2	0.19	0.24	0.37		0.49	-0.04	-0.04
Other Current Assets	0.78	0.16	0.82	0.51	-0.5	0.6	0.66	0.49	0.38	0.63	0.17	0.82	0.31	0.56	0.77	0.36	0.67	0.41	0.21	0.4	0.68	0.48	0.49		0.33	0.18
Other Liab	0.51	0.63	0.36	0.76	-0.35	0.37	0.78	-0.01	0.12	0.28	0.79	0.33	0.94	0.7	0.32	0.92	0.45	0.79	0.24	0.46	0.66	0.5	-0.04	0.33		0.36
Long Term Debt	0.39	0.88	0.24	0.28	0.14	0.21	0.32	0.01	0.2	0.12	0.56	0.24	0.52	0.19	0.27	0.49	0.36	0.26	0.13	0.34	0.16	0.25	-0.04	0.18	0.36

Click cells to compare fundamentals

First Solar Account Relationship Matchups

First Solar fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.5B	7.1B	7.4B	8.3B	10.4B	5.3B
Short Long Term Debt Total	471.7M	279.2M	239.9M	193.5M	624.4M	655.6M
Total Stockholder Equity	5.1B	5.5B	6.0B	5.8B	6.7B	3.8B
Property Plant And Equipment Net	2.7B	2.6B	2.9B	3.5B	4.5B	4.7B
Net Debt	(881.0M)	(947.8M)	(1.2B)	(1.3B)	(1.3B)	(1.3B)
Cash	1.4B	1.2B	1.5B	1.5B	1.9B	1.0B
Non Current Assets Total	3.9B	4.1B	4.2B	4.5B	5.7B	6.0B
Non Currrent Assets Other	1.0B	940.8M	946.0M	588.3M	994.6M	728.1M
Other Assets	1.0B	1.4B	1.1B	777.9M	894.6M	965.4M
Cash And Short Term Investments	2.2B	1.7B	1.8B	2.6B	2.1B	1.4B
Net Receivables	658.5M	292.5M	454.7M	355.0M	1.4B	1.5B
Common Stock Shares Outstanding	105.3M	106.7M	106.9M	106.6M	107.4M	93.0M
Liabilities And Stockholders Equity	7.5B	7.1B	7.4B	8.3B	10.4B	5.3B
Non Current Liabilities Total	1.1B	740.6M	727.3M	1.4B	2.4B	2.5B
Inventory	497.1M	567.6M	666.3M	621.4M	819.9M	860.9M
Other Stockholder Equity	2.8B	2.9B	2.9B	2.9B	2.9B	2.1B
Total Liab	2.4B	1.6B	1.5B	2.4B	3.7B	3.9B
Total Current Assets	3.6B	3.0B	3.2B	3.8B	4.6B	2.5B
Property Plant And Equipment Gross	2.8B	2.4B	2.9B	3.5B	6.2B	6.5B
Other Current Liab	759.4M	405.1M	310.4M	394.8M	529.9M	413.0M
Total Current Liabilities	1.3B	847.4M	726.9M	1.0B	1.3B	813.0M
Retained Earnings	2.3B	2.7B	3.2B	3.1B	4.0B	4.2B
Accounts Payable	218.1M	183.3M	193.4M	341.4M	207.2M	184.8M
Short Term Investments	811.5M	520.1M	375.4M	1.1B	155.5M	147.7M
Other Current Assets	280.0M	308.6M	242.7M	233.9M	296.5M	164.3M
Accumulated Other Comprehensive Income	(79.3M)	(61.7M)	(96.4M)	(191.8M)	(174.1M)	(165.4M)
Other Liab	526.8M	502.9M	345.4M	1.2B	1.3B	1.4B
Long Term Debt	454.2M	237.7M	236.0M	184.3M	464.1M	290.2M
Short Term Debt	17.5M	55.5M	16.7M	9.2M	106.6M	111.9M
Intangible Assets	64.5M	56.1M	45.5M	31.1M	64.5M	78.6M
Property Plant Equipment	2.3B	2.6B	2.9B	3.6B	4.2B	4.4B
Current Deferred Revenue	323.2M	188.8M	201.9M	263.2M	413.6M	215.6M
Net Tangible Assets	5.0B	5.5B	5.9B	5.8B	6.7B	5.1B
Retained Earnings Total Equity	2.4B	2.3B	2.7B	3.2B	3.7B	2.4B
Long Term Debt Total	461.2M	454.2M	237.7M	236.0M	271.4M	337.2M
Capital Surpluse	2.8B	2.8B	2.9B	2.9B	3.3B	2.8B

Pair Trading with First Solar

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Solar position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Solar will appreciate offsetting losses from the drop in the long position's value.

Moving together with First Stock

0.79	TER	Teradyne	Pair Corr
0.72	MCHP	Microchip Technology	Pair Corr

Moving against First Stock

0.75	KSCP	Knightscope	Pair Corr
0.73	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.7	NVDA	NVIDIA	Pair Corr
0.63	AEIS	Advanced Energy Indu	Pair Corr
0.56	EBON	Ebang International	Pair Corr

The ability to find closely correlated positions to First Solar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Solar when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Solar - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Solar to buy it.

The correlation of First Solar is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Solar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Solar moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for First Solar can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for First Stock Analysis

When running First Solar's price analysis, check to measure First Solar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Solar is operating at the current time. Most of First Solar's value examination focuses on studying past and present price action to predict the probability of First Solar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Solar's price. Additionally, you may evaluate how the addition of First Solar to your portfolios can decrease your overall portfolio volatility.

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