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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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect First Solar's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of First Solar's position in the market.

Rhea-AI Summary

First Solar, Inc. announced their first-quarter 2024 financial results, reporting net sales of $794 million, net income per diluted share of $2.20, and a net cash balance of $1.4 billion. They maintained their full-year 2024 P&L guidance, with YTD net bookings of 2.7 GW and an expected sales backlog of 78.3 GW. The company showcased good operating performance, selective bookings, and solid financial results, driven by their differentiated technology and balanced business model.

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1.65%
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First Solar, Inc. announced that MN8 Energy has ordered 457 MW of advanced thin film solar modules for projects in the US. MN8 aims to strengthen the domestic supply chain and promote responsible solar practices. First Solar is a major player in US solar manufacturing, supporting thousands of jobs and investing in new facilities for future growth. The company continues to expand and innovate in the renewable energy sector.

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First Solar, Inc. (NASDAQ: FSLR) has entered an agreement to provide Birch Creek Energy with 547 MW of advanced Series 6 Plus Bifacial thin film photovoltaics modules. Birch Creek plans to deploy these modules in projects across its development pipeline in the United States. The collaboration aims to strengthen domestic content strategy and ensure supply certainty for Birch Creek. First Solar, the largest solar manufacturer in the Western Hemisphere, is expected to create significant job opportunities and invest in new manufacturing facilities in the US.

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First Solar, Inc. (FSLR) will announce Q1 2024 financial results on May 1, 2024. The conference call details include a live webcast and audio replay. Investors can access the webcast replay on the company's website.
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1.83%
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First Solar, Inc. (FSLR) reports strong financial results for 2023 with net sales of $3.3 billion and $1.2 billion for the fourth quarter. The company achieved net income per diluted share of $7.74 for 2023 and $3.25 for the fourth quarter. First Solar forecasts 2024 net sales of $4.4 billion to $4.6 billion, with an EPS guidance of $13.00 to $14.00 per diluted share.
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First Solar forecasts significant economic impact with over 30,000 jobs and $2.8 billion in labor income in 2026. The study highlights the company's contribution to the US economy, with added value and output. The analysis includes details of job creation, labor income, and economic growth projections.
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First Solar, Inc. (FSLR) will report Q4 and full year 2023 financial results and discuss 2024 financial guidance on February 27, 2024. The conference call details are provided for investors and analysts.
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First Solar, Inc. (FSLR) has acquired a 1.2 million square foot facility in Troy Township, Ohio, to optimize the distribution of modules. The facility will be repurposed into a new distribution center serving First Solar's Ohio manufacturing footprint, with plans to expand capacity to approximately 6 gigawatts by the end of 2023. The company also expects to invest over $2 billion in new manufacturing facilities in Alabama and Louisiana, with a goal of reaching 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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First Solar, Inc. (Nasdaq: FSLR) inaugurates India's first fully vertically integrated solar manufacturing plant in Tamil Nadu. The facility has an annual capacity of 3.3 gigawatts, employs 1,000 people, and represents a $700 million investment. It is the company's sixth operational factory and expands its global manufacturing footprint to four countries. The facility is unique for producing tellurium-based semiconductor photovoltaic solar modules, avoiding dependence on Chinese crystalline silicon supply chains.
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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, Inc.

Nasdaq:FSLR

FSLR Rankings

FSLR Stock Data

20.84B
100.64M
5.7%
91.8%
4.46%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
United States of America
TEMPE

About FSLR

first solar (nasdaq: fslr) is a leading global provider of comprehensive photovoltaic (pv) solar systems which use its advanced thin-film modules. the company’s integrated power plant solutions deliver an economically attractive alternative to fossil-fuel electricity generation today. from raw material sourcing through end-of-life module collection and recycling, first solar’s renewable energy systems protect and enhance the environment. for more information about first solar: - visit us on the web at http://www.firstsolar.com - follow us on twitter at http://www.twitter.com/firstsolar (@firstsolar) - subscribe to our blog at http://www.firstsolar.com/press-center/first-solar-blog - check us out on youtube at http://www.youtube.com/firstsolar