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First Solar Inc - FSLR STOCK NEWS

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

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. (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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.83%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.94%
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Rhea-AI Summary
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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Rhea-AI Sentiment
End-of-Day
1.18%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.83%
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Rhea-AI Summary
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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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.26%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.66%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.29%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.37%
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Rhea-AI Summary
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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Rhea-AI Sentiment
End-of-Day
-4.5%
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First Solar Inc

Nasdaq:FSLR

FSLR Rankings

FSLR Stock Data

19.74B
100.64M
5.7%
92.05%
4.46%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
US
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