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First Solar, Inc. - FSLR STOCK NEWS

Welcome to our dedicated page for First Solar news (Ticker: FSLR), a resource for investors and traders seeking the latest updates and insights on First Solar stock.

First Solar, Inc. (NASDAQ: FSLR) is a leading global provider of comprehensive photovoltaic (PV) solar systems, known for its innovative and advanced thin-film modules. The company's integrated power plant solutions offer an economically viable alternative to traditional fossil-fuel electricity generation. First Solar's renewable energy systems emphasize environmental protection and enhancement through their entire lifecycle, from raw material sourcing to end-of-life module collection and recycling.

Headquartered in Tempe, Arizona, First Solar designs and manufactures solar photovoltaic panels, modules, and systems targeted primarily at utility-scale development projects. The company's solar modules employ cadmium telluride, a thin-film technology, to efficiently convert sunlight into electricity. This technology sets First Solar apart as the world's largest thin-film solar module manufacturer.

First Solar operates production facilities in multiple locations, including Vietnam, Malaysia, the United States, and India. The company continually strives to improve its technology and production capabilities to meet the growing global demand for renewable energy.

In recent years, First Solar has achieved significant milestones, including the expansion of its manufacturing capabilities and the establishment of strategic partnerships. Notable projects include development of large scale solar power plants in collaboration with leading energy companies. First Solar remains committed to delivering high-quality, reliable, and cost-effective solar energy solutions to its clients worldwide.

For more information about First Solar, visit their official website at First Solar. You can also follow their updates on Twitter at @firstsolar, subscribe to their blog at First Solar Blog, and check out their YouTube channel at First Solar YouTube.

News

First Solar Signs PPA with Cleantech Solar to Power India Manufacturing Facility

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First Solar, Inc. (Nasdaq: FSLR) has entered into a 15-year Power Purchase Agreement (PPA) with Cleantech Solar to construct 150 MW of photovoltaic solar and 16.8 MW of wind-generating assets in Tamil Nadu, India. The solar and wind generation assets are expected to provide up to 70% of First Solar's new 3.3 GW vertically integrated solar manufacturing facility's anticipated electricity needs. The agreement will displace almost 7,000 kilotons of CO2 emissions over the duration of the PPA. Cleantech Solar will also procure 150 MW of India-made Series 7 thin film solar panels from First Solar, which are expected to be delivered in the first half of 2024.
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First Solar Signs Agreements for Sale of up to $700 Million in 2023 IRA Advanced Manufacturing Production Tax Credits

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First Solar, Inc. (Nasdaq: FSLR) announced two Tax Credit Transfer Agreements (TCTAs) with Fiserv, Inc. for the sale of $500 million and up to $200 million of 2023 Inflation Reduction Act (IRA) Advanced Manufacturing Production tax credits at a price of $0.96 per $1 of tax credits. The agreements are believed to be the first significant Section 45X credit transfer in the solar industry, and were signed eight days following the issuance of notice of proposed rulemaking by the US Department of Treasury and Internal Revenue Service to implement the Section 45X credits. The liquidity generated from the transaction is expected to accelerate the enhancement of First Solar's cash position in the US, further strengthening its balance sheet and allowing continued investment in growth, such as research and development. The company expects a pre- and post-tax impact of up to $28 million for the 2023 financial year, resulting in a reduction of diluted earnings of up to $0.26 per share for the year. The tax credits result from the sale of photovoltaic (PV) solar modules produced in 2023 by First Solar's operational manufacturing footprint in the United States, including its third Ohio factory, and the company expects to invest over $2 billion in new manufacturing facilities in Alabama and Louisiana, while also expanding its existing Ohio footprint, and expects to have 14 gigawatts of fully vertically integrated US solar manufacturing capacity by 2026. Additionally, First Solar is investing up to $370 million in a dedicated R&D innovation center in Perrysburg, Ohio, expected to be completed in 2024.
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National Grid Renewables Breaks Ground on Two Additional Ohio Solar Projects

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National Grid Renewables starts construction on Ross and Fayette solar projects in Ohio, totaling 167.5 MW of clean solar power. First Solar, Inc. and Kiewit Power Constructors Co. are involved in the construction, with estimated tax revenues and carbon dioxide emissions offset highlighted.
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Arevon Completes Financing on Nation's First Utility-Scale Solar Peaker Project Using the IRA's Transferability Provision

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Arevon Energy, Inc. announces closing $529 million financing for Vikings solar-plus-storage project, leveraging Inflation Reduction Act's tax credit transferability provisions and debt. Project features 157 MWDC of solar and 150 MW/600 MWh of battery energy storage, supplying San Diego Community Power. Key suppliers include First Solar, Nextracker, and Tesla. Commercial operations expected in Q3 2024.
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American Solar: Swift Current Energy Extends First Solar Relationship with 500 MW Order

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First Solar, Inc. has announced an agreement to supply Swift Current Energy with 500 MW of advanced Series 7 thin film modules. This order builds on their existing relationship, as Swift Current Energy has previously ordered 3.3 GW of First Solar modules. The modules will be delivered between 2027 and 2028.
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First Solar, Inc. Announces Third Quarter 2023 Financial Results

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First Solar, Inc. announced financial results for Q3 2023, with net sales of $801 million and net income per diluted share of $2.50. The company maintains its full-year 2023 revenue guidance and raises the mid-point of EPS guidance from $7.50 to $7.60. YTD net bookings are 27.8 GW, with an expected sales backlog of 81.8 GW.
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First Solar, Inc. to Announce Third Quarter 2023 Financial Results on October 31, 2023

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First Solar to report Q3 2023 financial results on October 31
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First Solar Breaks Ground on $1.1 Billion, 3.5 GW Louisiana Manufacturing Facility

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First Solar breaks ground on $1.1 billion manufacturing facility in Louisiana, creating over 700 new jobs
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American Solar: Longroad Energy Extends Agreement with First Solar, Increases Orders by 2 GW

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First Solar announces agreement with Longroad Energy to procure 2 GW of advanced thin film solar modules
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Reminder: First Solar to Host Analyst Day on September 7, 2023

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First Solar, Inc. will host its Analyst Day on September 7, 2023, providing updates on its long-term business strategy, technology, and financial outlook. Virtual attendance option available.
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FAQ

What is the current stock price of First Solar (FSLR)?

The current stock price of First Solar (FSLR) is $186.05 as of November 22, 2024.

What is the market cap of First Solar (FSLR)?

The market cap of First Solar (FSLR) is approximately 20.1B.

What does First Solar, Inc. specialize in?

First Solar, Inc. specializes in the design and manufacture of photovoltaic (PV) solar panels, modules, and systems using advanced thin-film technology.

What is thin-film technology?

Thin-film technology used by First Solar employs cadmium telluride to convert sunlight into electricity, differentiating it from traditional silicon-based solar panels.

Where are First Solar's production facilities located?

First Solar has production facilities in Vietnam, Malaysia, the United States, and India.

How does First Solar contribute to environmental protection?

First Solar emphasizes environmental protection through its entire lifecycle, from raw material sourcing to end-of-life module collection and recycling.

What are some recent achievements of First Solar?

Recent achievements of First Solar include expanding its manufacturing capabilities and forming strategic partnerships for large-scale solar power plant development.

What markets does First Solar primarily serve?

First Solar primarily serves utility-scale development projects with its solar photovoltaic panels, modules, and systems.

How can I get updates on First Solar?

You can get updates on First Solar by visiting their official website, following them on Twitter, subscribing to their blog, and watching their YouTube channel.

Is First Solar involved in any recycling programs?

Yes, First Solar is involved in end-of-life module collection and recycling as part of their commitment to environmental sustainability.

What sets First Solar apart from other solar companies?

First Solar's use of advanced thin-film technology and its status as the world's largest thin-film solar module manufacturer set it apart from other solar companies.

What kind of partnerships has First Solar established?

First Solar has established strategic partnerships with leading energy companies for the development of large-scale solar power plants.

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First Solar, Inc.

Nasdaq:FSLR

FSLR Rankings

#557 Ranked by Market Cap
N/A Ranked by Dividends

FSLR Stock Data

20.05B
101.22M
5.45%
89.81%
5.62%
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