First Solar, Inc. - FSLR STOCK NEWS

First Solar (FSLR) has appointed Katy Hollister to its board of directors, effective March 19, 2021. A prominent figure with nearly four decades at Deloitte, she will serve on the audit and compensation committees. Hollister, previously chief strategy officer of Deloitte's Global Tax and Legal practice, emphasized her commitment to sustainability and transformative business practices. Mark Widmar, CEO of First Solar, highlighted her valuable expertise as the company addresses climate change challenges. Hollister holds a BA from Duke University and a JD from the University of Cincinnati.

First Solar (Nasdaq: FSLR) has secured one of its largest orders, supplying up to 2.4 gigawatts (GW) of its Series 6 solar modules to Intersect Power across seven utility-scale projects. The firm order is for approximately 2 GW of modules with options for an additional 400 megawatts (MW). Deliveries will occur in 2022 and 2023. Intersect Power has significant growth plans with a pipeline of 3.2 GW of solar projects by 2023. First Solar's manufacturing capacity is set to reach 2.6 GW at its Ohio facilities by year-end.

First Solar reported net sales of $2.7 billion for 2020, with a fourth quarter net income per share of $1.08. The cash, restricted cash, and marketable securities at year-end increased to $1.8 billion. For 2021, the company projects net sales between $2.85 billion and $3.0 billion, with earnings per share guidance of $4.05 to $4.75. Despite a quarterly decline in sales, First Solar remains optimistic about future bookings and technological advancement, highlighting a projected operating income of up to $640 million.

First Solar, Inc. (NASDAQ: FSLR) will announce its fourth-quarter and full-year 2020 financial results alongside 2021 financial guidance on February 25, 2021, after market close. The company will host a conference call at 4:30 p.m. ET to discuss these results. Investors can access a live webcast at investor.firstsolar.com. The replay will be available until March 11, 2021.

First Solar (FSLR) announced a Purchase and Sale Agreement to sell a utility-scale solar project platform of approximately 10 GW_AC to Leeward Renewable Energy. The acquisition includes 1.8 GW_DC of First Solar modules, with 744 MW_DC representing new bookings. The deal is expected to close in Q1 2021, pending regulatory approvals. First Solar retains 1.1 GW_AC of projects to be sold separately. This strategic move aligns with First Solar's focus on enhancing its core module technology and overall market position.

First Solar, Inc. (FSLR) reported a strong third-quarter 2020, achieving net sales of $928 million, a $285 million increase from the previous quarter. The net income per share rose to $1.45, up from $0.35 in Q2. Cash, restricted cash, and marketable securities totaled $1.7 billion.

The company reinstated its financial guidance for Q4 2020, projecting net sales between $540 million and $790 million and earnings per share of $1.00 to $1.50.

First Solar is set to supply 869MWDC of its Series 6 solar modules to power six new projects for Vistra Corp. in Texas. This partnership emphasizes both companies' commitment to sustainability and the reduction of carbon emissions. The Series 6 modules, known for their superior environmental performance and lower carbon footprint, highlight First Solar's innovation with over $1 billion in R&D investments. First Solar, celebrating two decades in the industry, remains a leading force in American solar manufacturing.

First Solar's Series 6 PV module has become the world’s first photovoltaic product to be listed on the new EPEAT PV Modules and Inverters category, awarded a Silver rating. The EPEAT ecolabel, utilized by public and private sector buyers globally, verifies First Solar's commitment to sustainability through a rigorous third-party certification process. Series 6 modules have a significantly lower carbon and water footprint compared to conventional solar panels, with a focus on maintaining fair labor practices and minimizing environmental impacts throughout their lifecycle.

First Solar, Inc. (NASDAQ: FSLR) is set to announce its financial results for Q3 2020 on October 27, 2020, after market closure. A conference call to discuss these results and the 2020 outlook will take place at 4:30 p.m. ET. Investors can access a live webcast of the call and an audio replay will be available until November 10, 2020. First Solar is recognized for its innovative photovoltaic solar energy solutions, offering alternatives to fossil fuels through a full spectrum of services from raw material sourcing to module recycling.