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 frequently in the news as America’s leading photovoltaic (PV) solar technology and manufacturing company and the only US‑headquartered company among the world’s largest solar manufacturers. News coverage of First Solar often highlights developments in its thin film cadmium telluride (CdTe) module technology, expansion of its manufacturing footprint, and updates on its financial performance.
Recent announcements include the inauguration of a fully vertically integrated manufacturing facility in Iberia Parish, Louisiana, which uses artificial intelligence (AI), computer vision, and deep learning to detect defects in solar panels and support operator decision making. The company has also announced plans for a new facility in Gaffney, South Carolina, to onshore final production processes for Series 6 Plus modules initiated by its international fleet. These updates are part of what First Solar describes as the largest solar technology manufacturing and R&D footprint in the Western Hemisphere, including facilities in Ohio, Alabama, and Louisiana, and R&D centers in Ohio and California.
Investors and observers can also follow First Solar news for quarterly earnings results, guidance updates, and information on advanced manufacturing production tax credit transactions under Section 45X of the Internal Revenue Code. The company regularly reports on net sales, module shipment volumes, contracted sales backlogs, and tax credit transfer agreements through press releases and Form 8‑K filings. Additional news items cover technology and supply chain partnerships, such as its exclusive quantum dot supply agreement with UbiQD, Inc. and its selection of Everstream Analytics for supply chain risk insights.
This news page aggregates these types of updates, allowing readers to review First Solar’s manufacturing expansions, financial disclosures, R&D collaborations, and policy‑related developments in one place.
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.
Terabase Energy has announced the acquisition of PlantPredict, a predictive solar energy modeling tool, from First Solar (FSLR). Though financial terms were not disclosed, this acquisition complements Terabase's strategy to enhance its digital solutions in solar energy. PlantPredict has been used globally for over a decade, aiding in the financing of numerous solar power plants. This transaction, expected to close in October 2021, will also see the PlantPredict team join Terabase, aligning with the company's goal to lower solar costs below $0.01 per kWh by 2025.
First Solar has officially begun construction on a new manufacturing facility in Lake Township, Ohio, with an investment of $680 million. This facility is set to have a capacity of 3.3 GW and will expand First Solar’s total U.S. manufacturing footprint to 6 GW. Expected to create over 700 permanent jobs and 500 construction jobs, the plant is projected to operationalize in the first half of 2023. This expansion not only strengthens local employment but also enhances the company's competitiveness in the global solar market, making it one of the largest solar manufacturing complexes outside of China.