Herein we investigate the structural, electronic, and optical properties of emerging copper-based chalcogenides, employing atomistic first-principles computational method within the density functional theory. The fundamental material characteristics of the compounds are analysed, and the optoelectronic performances are improved by alloying with isovalent elements. In order to develop inorganic photovoltaics based on ultrathin photon-absorbing film (i. e., with thicknesses d < 100 nm), the material shall exhibit optimized band-gap energy Eg as well as having a very high absorption coefficient α(ω), especially for photons energies in the lower spectrum: Eg ≤ E < (Eg + 2 eV). To develop high-efficient solar cells we therefore suggest to tailor-make the materials to form direct gap multi-valley band edges, and energy bands with rather flat dispersions. That can typically be achieved by considering alloys with heavy elements that have relatively localized sp-like orbitals. With such tailored materials, we demonstrate that it is possible to reach a theoretical maximum efficiency as high as ηmax ≈ 30% for film thicknesses of d ≈ 50-100 nm. 4.1 Introduction In this work, we theoretically investigate inorganic solar cell materials by means of first-principles atomistic methods within the framework of the density functional theory (DFT). The aim is to further accelerate the progress of developing environmentally friendly p-n junction photovoltaics (PV), especially towards technologies with high-efficient and inexpensive ultrathin films. Crystalline silicon (c-Si) is today by far the most commercialized materials in PV modules with above 90% of the market [1], despite having indirect gap with band-gap energy Eg ≈ 1.2 eV. For laboratory solar cell, the energy conversion efficiency for single crystal c-Si without concentrator is ηmax = 25.8% (Rev. 10-30-2017 [2]), but the active absorber material is rather thick, often 100-200 μm due to insufficient absorption. Thin-film PV technologies rely on 100 times thinner layer (typically around 1 μm), and the absorbers must therefore have higher capacity to absorb the sunlight in the energy region from ~1 to ~3 eV. The most traditional inorganic solar cells [2] are based on either amorphous silicon (a-Si or its hydrogenated compound a-Si:H with Eg = 1.7 eV and ηmax = 14.0%), cadmium telluride (CdTe; Eg = 1.5 eV and ηmax = 22.1%), thin-film gallium arsenide (GaAs; Eg = 1.5 eV and ηmax = 28.8%), or copper indium gallium selenide (CuIn1-xGaxSe2; Eg ≈ 1.2 eV for x = 0.3 and ηmax = 22.6%), and these materials have their "pros and cons" in terms of prospective large-scale production. Developments of even thinner absorber materials, i.e., for ultrathin inorganic solar cells, is an emerging concept to produce competitive PV cells or to complement the c-Si technologies with a proper top-cell in tandem structures. Here, ultrathin implies absorber layers with thicknesses less than 100 nm (perhaps as thin as 10-30 nm), which is then at least more than 10 times thinner than in the traditional thin...