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 (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.
National Grid Renewables has commenced commercial operations of its 200 MW Prairie Wolf Solar Project in Coles County, Illinois. This solar power initiative is contracted through a Virtual Power Purchase Agreement with Cargill and utilizes First Solar's advanced Series 6 thin-film modules. The project is expected to create onsite operations and maintenance jobs, generate significant tax revenue, and offset 285,000 metric tons of CO2 emissions annually. Additionally, funding for a local education fund will provide community and educational support.
First Solar (FSLR) has secured its largest order in history, totaling up to 5.4GW of solar modules from Lightsource bp and bp. The order comprises 4.3GW for Lightsource bp's US utility-scale projects and 1.1GW for bp's projects. Deliveries of the ultra-low carbon thin film PV modules are scheduled from 2023 to 2025, with specific commitments of 1.55GW in 2023, 1.3GW in 2024, and 1.55GW in 2025. This partnership is pivotal in advancing renewable energy goals, including bp's aim to develop 50GW of renewable power by 2030.
First Solar reported third-quarter net sales of $584 million, down $46 million from the prior quarter, primarily due to lower systems segment revenue. Net income per diluted share was $0.42, compared to $0.77 in the previous quarter. Despite challenges, production reached 2.0 GWDC with an increased top production bin of 465 watts. YTD net bookings hit 10.5 GWDC. Cash and equivalents totaled $1.9 billion. The company maintains its 2021 EPS guidance of $4.00 to $4.60.
First Solar (NASDAQ: FSLR) will announce its financial results for Q3 2021 on November 4, 2021, after market close. The company plans to hold a conference call at 4:30 p.m. ET to discuss these results and its 2021 outlook. Investors can access the live webcast via the company's investor relations webpage. A replay of the call will be available until November 11, 2021, along with a webcast replay accessible for 90 days post-call. First Solar is recognized for its eco-efficient solar modules and commitment to sustainability.