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 committed to reducing its Scope 1 and Scope 2 greenhouse gas emissions by 20% by 2028, relative to 2020 levels, as part of its goal to achieve net-zero emissions by 2050. This follows a successful achievement of its previous GHG intensity reduction target.
The company has cut emissions intensity by approximately 77% since 2008, aiming for a 100% renewable energy transition by 2026 in the US and 2028 globally. Its advanced photovoltaic products already displace significant emissions, showcasing First Solar's commitment to sustainability.
First Solar reported Q2 2021 net sales of $629 million, a decrease of $174 million from the previous quarter, primarily due to the sale of projects. Net income per diluted share dropped to $0.77, down from $1.96. The company is expanding manufacturing with a new 3.3 GWDC factory in Ohio and an additional facility in India, contingent upon approvals. The guidance for 2021 net sales has been updated to $2.875B to $3.1B, while earnings per share guidance is revised to $4.00 to $4.60. Cash reserves increased to $2.1 billion.
First Solar plans to invest $684 million in a new photovoltaic manufacturing facility in Tamil Nadu, India, expected to start operations in 2023. The facility aims for a nameplate capacity of 3.3 GW and will contribute to India's clean energy self-reliance goals. First Solar's technology utilizes a unique Cadmium Telluride semiconductor, minimizing carbon and water footprints. As the only major U.S. solar manufacturer not reliant on Chinese supply chains, First Solar is poised to capitalize on India's growing renewable energy demand, as forecasted by the International Energy Agency.
First Solar has appointed Anita Marangoly George to its board of directors, effective July 15, 2021. With nearly 40 years of experience in institutional finance and sustainable infrastructure investing, George previously served at la Caisse de Dépôt et Placement du Québec and the World Bank. Her expertise in climate finance aligns with First Solar's commitment to sustainability and innovation in solar technology. CEO Mark Widmar expressed confidence in her ability to guide the company as it aims to lead in solar solutions against climate change.
First Solar, Inc. (NASDAQ: FSLR) is set to announce its second-quarter financial results for the period ending June 30, 2021, on July 29, 2021, following market closure. A quarterly conference call will take place at 4:30 p.m. ET to discuss these results and the 2021 outlook. Investors can access the live webcast on the investor's website. An audio replay will be available until August 12, 2021.
First Solar is recognized for its innovative solar technologies and commitment to sustainability.
First Solar (Nasdaq: FSLR) has announced an $11 million investment to support community revitalization and address racial inequality in the U.S. The allocation includes $10 million in Impact Notes from LISC and a $1 million Transformational Deposit in HOPE Credit Union. CEO Mark Widmar emphasized the company's commitment to socially responsible initiatives. The investment will assist underbanked communities, particularly in the South, by providing essential financial services and supporting local businesses and healthcare during the ongoing COVID-19 pandemic.
First Solar announced a $680 million investment to establish a new manufacturing facility in Lake Township, Ohio, expanding its US photovoltaic (PV) solar capacity by 3.3 GW per year. This facility, expected to begin operations in early 2023, will double First Solar's manufacturing footprint to 6 GW, producing advanced thin film PV modules for the utility-scale market. The project aims to generate around 500 jobs and enhance domestic supply chains while adhering to sustainability principles.
First Solar (Nasdaq: FSLR) has joined the Responsible Business Alliance (RBA), the largest industry coalition focused on improving workers’ rights and environmental standards in global supply chains. This membership enables First Solar to utilize RBA's due diligence tools and the Validated Assessment Program for better supplier evaluation. As the first among the ten largest PV solar manufacturers to join RBA, First Solar aims to enhance its responsible sourcing practices and comply with the RBA's standards for ethics, labor, and environmental safety.
On May 3, 2021, Nel Hydrogen Electrolyser, a division of Nel ASA (OSE:NEL), announced a collaboration with First Solar, Inc. (NASDAQ:FSLR) to develop integrated PV Hydrogen power plants. This partnership aims to utilize both companies' expertise to deliver low-cost solar-to-hydrogen solutions, enhancing renewable energy efficiency. The initial phase will focus on creating a control system optimizing PV-electrolyser hybrid projects. Both companies expect to innovate further in technology integration for sustainable hydrogen production.
First Solar, Inc. (Nasdaq: FSLR) reported first-quarter net sales of $803 million, an increase of $194 million from the previous quarter, driven by robust U.S. project sales. The net income per share rose to $1.96 from $1.08 in the prior quarter. Cash and cash equivalents remain steady at $1.8 billion. The company maintains its 2021 EPS guidance at $4.05 to $4.75. Operational metrics include a nameplate manufacturing capacity increase to 7.9 GWDC and a year-to-date net booking of 4.8 GWDC.