Joel Presby - First Solar Independent Director

FSLR Stock  USD 177.48  2.62  1.45%   

Director

Mr. Joel Thomas Presby, CPA, is Independent Director of First Solar Inc., since August 2006. Mr. Presby retired in 2002 after a 30year career as a partner at Deloitte Touche Tohmatsu. At Deloitte, he held many positions in the United States and abroad, including Global Deputy Chairman and Chief Operating Officer. Currently, Mr. Presby is a director of World Fuel Services Corporation, where, after previously chairing the audit committee for over 10 years, he serves as Lead Director. He is also a board member of the New York Chapter of the National Association of Corporationrationrate Directors . In addition, Mr. Presby previously served as director and audit committee chair of Invesco Ltd. Tiffany Co., Practice Works Inc. TurboChef Technologies, American Eagle Outfitters, ExamWorks Group, Inc. and as a director of Greenpoint Financial Corporationration He previously served as a trustee of Rutgers University and Montclair State University, and as a director and chairman of the audit committee of the German Marshall Fund. Mr. Presby received a B.S. in electrical engineering from Rutgers University and an MBA degree from the Carnegie Mellon University Graduate School of Business. Mr. Presby is a certified public accountant in New York and Ohio, and a holder of the NACD Certificate of Director Education. He was named by the NACD as one of the Top 100 directors of 2011 since 2006.
Age 77
Tenure 18 years
Address 350 West Washington Street, Tempe, AZ, United States, 85288
Phone602 414 9300
Webhttps://www.firstsolar.com
Presby’s experience as an audit committee chair for multiple public companies, together with his 30year career with Deloitte, provide a strong background for his roles as vice chair of the audit committee and audit committee financial expert.

First Solar Management Efficiency

The company has return on total asset (ROA) of 0.0595 % which means that it generated a profit of $0.0595 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1327 %, meaning that it created $0.1327 on every $100 dollars invested by stockholders. First Solar's management efficiency ratios could be used to measure how well First Solar manages its routine affairs as well as how well it operates its assets and liabilities. At this time, First Solar's Return On Tangible Assets are relatively stable compared to the past year. As of 04/25/2024, Return On Capital Employed is likely to grow to 0.1, while Return On Equity is likely to drop 0.11. At this time, First Solar's Return On Assets are relatively stable compared to the past year. As of 04/25/2024, Asset Turnover is likely to grow to 0.33, while Total Current Assets are likely to drop slightly above 2.5 B.
The company currently holds 624.39 M in liabilities with Debt to Equity (D/E) ratio of 0.04, which may suggest the company is not taking enough advantage from borrowing. First Solar has a current ratio of 4.13, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist First Solar until it has trouble settling it off, either with new capital or with free cash flow. So, First Solar's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like First Solar sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for First to invest in growth at high rates of return. When we think about First Solar's use of debt, we should always consider it together with cash and equity.

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First Solar, Inc. provides photovoltaic solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally. First Solar, Inc. was founded in 1999 and is headquartered in Tempe, Arizona. First Solar operates under Solar classification in the United States and is traded on NASDAQ Exchange. It employs 4800 people. First Solar (FSLR) is traded on NASDAQ Exchange in USA. It is located in 350 West Washington Street, Tempe, AZ, United States, 85288 and employs 6,700 people. First Solar is listed under Semiconductors & Semiconductor Equipment category by Fama And French industry classification.

Management Performance

First Solar Leadership Team

Elected by the shareholders, the First Solar's board of directors comprises two types of representatives: First Solar inside directors who are chosen from within the company, and outside directors, selected externally and held independent of First. The board's role is to monitor First Solar's management team and ensure that shareholders' interests are well served. First Solar's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, First Solar's outside directors are responsible for providing unbiased perspectives on the board's policies.
Michael Sweeney, Independent Director
DeJong, COO
Philip DeJong, COO
Jason Dymbort, General VP
Mitchell Ennis, Ma Relations
Richard Chapman, Independent Director
Caroline Stockdale, Chief Officer
Joseph Kishkill, President of International
Joel Presby, Independent Director
Paul Kaleta, Executive VP and General Counsel
James Hughes, CEO and Director
Philip Jong, COO
Thomas Presby, Independent Director
Patrick Buehler, Chief Officer
Sharon Allen, Director
Georges Antoun, President of U.S.
Markus Gloeckler, Chief Officer
Jigish Trivedi, VP Technology
William Post, Independent Director
Alexander Bradley, Chief Officer
Mark Widmar, CEO Director
Craig Kennedy, Independent Director
Bryan Schumaker, Chief Accounting Officer
Michael Ahearn, Non-Executive Chairman of the Board
Christopher Bueter, Executive Vice President of Human Resources
Kuntal Verma, Chief Officer
Timothy Rebhorn, Executive Vice President - Corporate Development and Strategic Marketing
Byron Jeffers, Chief Accounting Officer
James Nolan, Independent Director
Raffi Garabedian, CTO
Paul Stebbins, Independent Director
George Hambro, Independent Director
Molly Joseph, Director
Michael Koralewski, Chief Officer

First Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is First Solar a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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When determining whether First Solar is a strong investment it is important to analyze First Solar's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact First Solar's future performance. For an informed investment choice regarding First Stock, refer to the following important reports:
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 tightly coupled 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.
You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.

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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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Is First Solar's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Solar. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Solar listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
2.058
Earnings Share
7.74
Revenue Per Share
31.075
Quarterly Revenue Growth
0.156
Return On Assets
0.0595
The market value of First Solar is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Solar's value that differs from its market value or its book value, called intrinsic value, which is First Solar's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Solar's market value can be influenced by many factors that don't directly affect First Solar's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Solar's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Solar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Solar's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.