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. designs and manufactures photovoltaic solar modules using cadmium telluride thin-film technology for utility-scale power generation and other solar markets. Company news commonly covers module sales, quarterly financial results, guidance, manufacturing capacity, U.S. factory investment, and the role of its integrated production process outside crystalline silicon supply chains.
Recurring developments also include Series 7 module deployments in solar projects, research and development activity in California and Ohio, patent licensing for next-generation perovskite photovoltaic devices, and Section 45X advanced manufacturing production tax credits tied to U.S.-made module components.
First Solar (FSLR) will supply 93 MW of thin-film photovoltaic solar panels to Solarvest Holdings Berhad for four projects under Malaysia's Large Scale Solar Program. Deliveries are set for August to November 2022, with around 75 MW sourced from First Solar's Kulim facility. The deal emphasizes Solarvest's strategy to diversify procurement amidst global supply chain uncertainties. First Solar's modules, developed in California and Ohio, set industry benchmarks in performance and environmental impact. The company, active in Malaysia since 2007, plans to expand its manufacturing capacity significantly by 2024.
First Solar, Inc. (NASDAQ: FSLR) will announce its second quarter financial results for the period ending June 30, 2022, on July 28, 2022, after market close. The company will host a conference call at 4:30 p.m. ET to discuss these results and provide insights into its 2022 outlook. Investors can access a live webcast on the company’s investor website. An audio replay will be available until August 27, 2022. First Solar specializes in eco-efficient solar modules aimed at combating climate change through sustainable practices.
First Solar, Inc. (Nasdaq: FSLR) has finalized the sale of a 293-megawatt (MW) DC solar project development platform in Japan to PAG Real Assets. As part of this deal, many First Solar employees in Japan will transition to PAG. Additionally, First Solar has an agreement for PAG to acquire its O&M platform managing approximately 665 MW DC in Japan, expected to close in H2 2022, pending regulatory approvals and customary conditions. First Solar reinforces its commitment to sustainability through advanced thin-film solar technology.
First Solar announces a framework agreement with National Grid Renewables for the delivery of 2 GW of advanced thin film solar modules in 2024 and 2025. This partnership underscores a commitment to sustainable energy, leveraging First Solar’s Cadmium Telluride technology known for its lower carbon and water footprints. First Solar is also expanding its manufacturing capabilities with a $680 million investment in Ohio, expected to enhance its annual capacity to 6 GW. The company’s efforts in both the U.S. and India aim to double its manufacturing capacity to 16 GW by 2024.
First Solar (Nasdaq: FSLR) has achieved Platinum status in the Validated Assessment Program audit by the Responsible Business Alliance at its Ohio manufacturing complex. This rating, awarded on the first attempt, reflects outstanding achievements in labor practices, health and safety, environmental performance, and business integrity. The audit, valid until May 2024, underscores First Solar's commitment to responsible solar manufacturing. Notably, the company is investing $680 million to expand its Ohio operations, increasing capacity to 6 GW, and reinforcing its position as a leading solar manufacturer.
First Solar (Nasdaq: FSLR) has signed a deal with Scout Clean Energy to supply 378 MW of thin film solar modules. This agreement will help Scout in its projects across the US with operations expected to start in 2024. The solar modules, produced with a low carbon footprint, are part of First Solar's commitment to enhancing domestic manufacturing capacity. The company is investing $680 million to expand its production in Ohio, aiming for an annual capacity of 6 GW by mid-2023. This expansion is part of First Solar's larger growth strategy within the renewable energy sector.
First Solar, Inc. (Nasdaq: FSLR) has finalized agreements with PAG Real Assets for the sale of its 293 MWDC utility-scale solar project development platform and a 665 MWDC solar operations and maintenance platform in Japan. The deal is expected to close in mid to late 2022, contingent on regulatory approvals. PAG aims to enhance its renewable energy portfolio in Japan, while First Solar shifts focus towards advancing its module technology. The company also plans to double its manufacturing capacity to 16 GWDC by 2024.
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.