First Solar, Inc. - FSLR STOCK NEWS

First Solar (FSLR) reported Q1 2022 net sales of $367 million, down $540 million from the previous quarter, primarily due to a decline in module sales volumes and lower revenues from Japan. The company incurred a net loss per diluted share of $0.41, a stark contrast to $1.23 earnings in Q4 2021. Cash and marketable securities decreased to $1.6 billion. However, YTD net bookings reached 16.7 GWDC, including 11.9 GWDC since the last earnings call, with a record module shipment backlog of over 35 GWDC. 2022 guidance remains unchanged.

First Solar and Leeward Renewable Energy (LRE) have signed a multi-year framework supply agreement for 1 gigawatt (GW) of advanced thin-film solar modules to be deployed across LRE's 20GW U.S. solar portfolio through 2024. This agreement increases First Solar's order book from LRE to over 3GW of modules, enabling the construction of 18 new solar sites. First Solar is also investing $680 million in expanding U.S. manufacturing capacity by 3.3GW annually, aiming to double its global capacity to 16GW by 2024.

First Solar, Inc. (NASDAQ: FSLR) is set to report its first-quarter financial results for the period ending March 31, 2022, on April 28, 2022. Following the results announcement, the company will host a conference call at 4:30 p.m. ET to discuss the findings and its outlook for 2022. Investors can access the live webcast via the company’s investor relations site. An audio replay will also be available until May 12, 2022. First Solar focuses on innovative solar technology and sustainable practices to combat climate change.

First Solar (Nasdaq: FSLR) announced its photovoltaic solar module technology will power 17% of the energy needs for Nevada Gold Mines, the world's largest gold-producing complex. This initiative supports NGM's effort to decarbonize operations, with a new solar plant set to be operational in 2023. The project will utilize 260 MW of solar modules manufactured in Ohio, aligning with Barrick Gold's commitment to reduce greenhouse gas emissions by 30% by 2030. First Solar is expanding its domestic manufacturing capacity by $680 million, boosting production by 3.3 GW annually.

First Solar (FSLR) has signed a master supply agreement with Silicon Ranch to deliver 4 GW of advanced solar modules from 2023 to 2025. This partnership enhances U.S. energy transition efforts, promotes domestic solar manufacturing, and supports Silicon Ranch's long-term asset ownership strategy. The agreement also includes recycling services for decommissioned modules, recovering about 90% of Cadmium Telluride materials. Additionally, First Solar is investing $680 million in expanding its U.S. manufacturing capacity, aiming for 6 GW annually by 2023.

First Solar has secured an order from Origis Energy for 750 MW of thin film photovoltaic solar modules, scheduled for delivery in 2024. This agreement reinforces their long-term partnership, which has already seen over 1.5 GW of installations. First Solar is investing $680 million to expand its domestic manufacturing by 3.3 GW annually, with a new facility in Ohio expected to be operational by mid-2023. This expansion aims to enhance its manufacturing capacity to 16 GW by 2024, positioning First Solar as a leader in solar technology and sustainability.

First Solar (FSLR) reported net sales of $2.9 billion for 2021, with $0.9 billion for Q4, reflecting a quarterly increase of $0.3 billion. The company achieved net income per diluted share of $4.38 for the year and $1.23 for Q4. For 2022, First Solar provided sales guidance of $2.4 billion to $2.6 billion and an EPS guidance of $0.00 to $0.60. The company aims to maintain a cash balance between $1.1 billion and $1.35 billion by year-end 2022 and is in discussions to potentially sell its Japan project development platform.

First Solar (NASDAQ: FSLR) is set to release its financial results for Q4 and the full year 2021 on March 1, 2022, after market close. The company will provide its 2022 financial guidance during a conference call at 4:30 p.m. ET. Investors can access the live webcast on First Solar's investor website. An audio replay of the call will be available until March 15, 2022. First Solar is recognized for its eco-efficient solar modules and commitment to sustainability in the solar technology sector.

First Solar (FSLR) has secured a significant order of 1.2 GW of ultra-low carbon thin film photovoltaic solar modules from Swift Current Energy, to be delivered in 2023 and 2024. This marks Swift Current's largest procurement to date, reflecting its commitment to renewable energy. Additionally, First Solar is investing $680 million in expanding its U.S. manufacturing capacity to 6 GW annually by establishing a new facility in Ohio, aiming for completion in the first half of 2023.