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.
First Solar (NASDAQ: FSLR) has announced its ownership of patents related to Tunnel Oxide Passivated Contact (TOPCon) crystalline-silicon photovoltaic solar cell manufacturing. These patents, acquired through the 2013 purchase of TetraSun, are valid in multiple countries including the United States, Canada, China, and Japan, with validities extending to 2030. First Solar is initiating an investigation into potential patent infringement by several crystalline silicon solar manufacturers.
The company is evaluating options to protect its intellectual property, including asserting patent rights against potential infringers. First Solar's Executive VP and General Counsel, Jason Dymbort, emphasized the company's commitment to leveraging these patents in developing next-generation PV technologies across multiple semiconductor platforms.
First Solar (Nasdaq: FSLR) has commissioned the Jim Nolan Center for Solar Innovation in Lake Township, Ohio, the largest solar R&D facility in the Western Hemisphere. This 1.3 million square foot center, part of a $500 million investment in R&D infrastructure, includes a high-tech pilot manufacturing line for full-sized thin film and tandem PV module prototypes.
The company also announced a new world record of 23.1% efficient CdTe cells, certified by NREL. First Solar plans to expand its global manufacturing capacity from 16.6 GW in 2023 to over 25 GW by 2026, with 14 GW in the US. These investments are expected to create about 300 new R&D jobs by 2025 and support an estimated 30,060 direct, indirect, and induced jobs across the US by 2026.
First Solar (NASDAQ: FSLR) will announce its financial results for the second quarter ending June 30, 2024, on July 30, 2024. The company will release the results after the market closes, with a conference call scheduled for 4:30 PM ET that day. The live webcast and its replay will be available on the company's investor website.
First Solar (NASDAQ: FSLR) has announced that its Series 6 Plus and Series 7 TR1 photovoltaic (PV) solar modules are the first to achieve the EPEAT Climate+ designation. This designation sets a new global standard for ultra-low carbon solar, establishing benchmarks for quality, durability, and environmental performance with an ultra-low carbon threshold of ≤400 kg CO2e/kWp.
EPEAT, a globally recognized ecolabel, evaluates the entire lifecycle of solar modules, including manufacturing energy use, product packaging, and end-of-life recycling. First Solar's Series 7 modules currently have the lowest carbon and water footprint of any commercially available PV module, positioning the company as a leader in sustainable solar technology. The company plans to validate its Series 7 FT1 module, manufactured in India, for future EPEAT Climate+ designation.
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.
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.
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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