First Solar - FSLR STOCK NEWS

First Solar (NASDAQ: FSLR) has announced it will release its fourth quarter and full year 2024 financial results after market close on Tuesday, February 25, 2025. The company will also present its 2025 financial guidance and outlook during the same event.

A conference call is scheduled for 4:30 PM ET on the same day. Investors can access the live webcast through the investor relations section of First Solar's website. A replay of the webcast will be available until March 27, 2025, approximately two hours after the call.

First Solar (FSLR) has established an Endowed Professorship in Critical Energy Materials at Missouri University of Science and Technology's materials science and engineering department. This initiative builds on a decade-long collaboration focusing on critical minerals, particularly tellurium. The endowment aims to strengthen critical supply chains and support research in extractive metallurgy.

The partnership highlights Missouri S&T's expertise in critical minerals research, with the university being home to the Thomas J. O'Keefe Center for Critical Minerals and leading the Critical Minerals and Materials for Advanced Energy Tech Hub consortium. The collaboration between First Solar and Missouri S&T represents a strategic alignment between industry and academia to address challenges in critical mineral security and support the green energy transition.

First Solar (FSLR) reported Q3 2024 financial results with net sales of $0.9 billion, down $0.1 billion from Q2, primarily due to decreased MW volume sold and a $50 million product warranty reserve charge. Net income per diluted share was $2.91, compared to $3.25 in Q2. Net cash balance decreased to $0.7 billion from $1.2 billion, mainly due to capital expenditures for new U.S. factories. The company updated its 2024 guidance, lowering net sales to $4.10B-$4.25B and volume sold to 14.2GW-14.6GW. Year-to-date net bookings reached 4.0 GW with an expected sales backlog of 73.3 GW.

Verde Clean Fuels (NASDAQ: VGAS) has appointed George Burdette as Chief Financial Officer. Burdette brings over 15 years of experience in finance, commercial operations, corporate development, and investment management. CEO Ernie Miller expressed confidence in Burdette's ability to advance the company's plans for deploying its proprietary liquid fuels processing technology through commercial production plants.

Burdette's previous roles include CFO at Arbor Renewable Gas and Itafos, as well as head of project finance at First Solar. He has experience in energy infrastructure and private equity, holding a Bachelor's degree in International Business and French from Wofford College and an International MBA from the University of South Carolina.

First Solar, Inc. (NASDAQ: FSLR) has announced that it will release its third quarter 2024 financial results on Tuesday, October 29, 2024, after the market closes. The company will host a conference call on the same day at 4:30 PM ET to discuss the results. Investors and interested parties can access the live webcast of the call through the investor section of First Solar's website. A replay of the webcast will be available until Thursday, November 28, 2024, approximately two hours after the call concludes.

First Solar, Inc. (Nasdaq: FSLR) has inaugurated its new $1.1 billion fully vertically integrated thin-film solar manufacturing facility in Lawrence County, Alabama. The facility adds 3.5 gigawatts (GW) of solar manufacturing capacity in the United States and is expected to create over 800 new energy technology manufacturing jobs in the state.

This new facility, along with First Solar's three operating factories in Ohio, brings the company's domestic nameplate manufacturing capacity to nearly 11 GW and its global capacity to over 21 GW. First Solar is also constructing another $1.1 billion, 3.5 GW facility in Louisiana, expected to be commissioned in the second half of 2025. By the end of 2026, the company anticipates having over 14 GW of annual nameplate capacity in the US and 25 GW globally.

First Solar, Inc. (Nasdaq: FSLR) has set new industry benchmarks in sustainable solar technology, as detailed in its 2024 Sustainability Report. The company's Series 6 Plus and Series 7 TR1 modules are the world's first to achieve EPEAT Climate+ ultra low-carbon designation. First Solar leads in high-value solar recycling with a 95% global average material recovery rate and operates facilities across five countries. The company received top ratings in the 2023 Renewable Energy Human Rights Benchmark report and achieved platinum status in social audits across its global manufacturing footprint. First Solar is expanding its manufacturing capacity from 16 GW in 2023 to over 25 GW by 2026, with new facilities in Alabama and Louisiana.

National Grid Renewables has begun construction on the Dodson Creek Solar Project in Highland County, Ohio. This 117 MW project, located in the PJM market, is expected to generate $49 million in direct economic benefits for the local community. It's the company's fourth project in Ohio and second in Highland County, contributing to a total 558.5 MW portfolio in the state.

The project will create approximately 200 construction jobs and is contracted with Kiewit as the EPC partner. It will use First Solar's Series 7 modules, manufactured in Ohio. Once operational in mid-2025, Dodson Creek is anticipated to produce $21 million in new tax revenue for local entities and avoid an estimated 198,400 metric tons of CO2 emissions annually. National Grid Renewables has also pledged $585,000 to Highland County charities through a dedicated fund.

First Solar (FSLR) reported strong Q2 2024 financial results, with net sales of $1.0 billion, up $0.2 billion from Q1, and net income per diluted share of $3.25, compared to $2.20 in Q1. The company maintains its full-year 2024 guidance, projecting net sales of $4.4B to $4.6B and earnings per diluted share of $13.00 to $14.00. First Solar's net cash balance decreased to $1.2 billion from $1.4 billion in Q1, primarily due to capital expenditures for new U.S. factories.

The company reported year-to-date net bookings of 3.6 GW, with 0.9 GW since the Q1 earnings call, at an average selling price of 31.6 cents per watt. First Solar's expected sales backlog stands at an impressive 75.9 GW. The company continues to focus on balanced growth, profitability, and liquidity, leveraging its technological and business model differentiation.