First Solar Stock Price, News & Analysis

First Solar, Inc. (NASDAQ: FSLR) is set to announce its financial results for Q3 2020 on October 27, 2020, after market closure. A conference call to discuss these results and the 2020 outlook will take place at 4:30 p.m. ET. Investors can access a live webcast of the call and an audio replay will be available until November 10, 2020. First Solar is recognized for its innovative photovoltaic solar energy solutions, offering alternatives to fossil fuels through a full spectrum of services from raw material sourcing to module recycling.

First Solar, Inc. (FSLR) has partnered with JP Energie Environnement (JPee) to develop the 59MW Labarde solar power plant in Bordeaux, France, the largest urban photovoltaic power plant in Europe. Built on a former landfill site, this project aims to support France's decarbonization goals while utilizing First Solar's advanced Series 6 PV modules, known for their low carbon footprint. JPee operates significant renewable energy assets, generating enough energy for 230,000 homes. The partnership reflects First Solar's commitment to sustainability and innovation.

First Solar has announced a secondary offering of 8,649,074 shares, approximately 8.2% of its outstanding common stock, priced at $69.00 per share. The shares will be sold by Lukas T. Walton, with the company not receiving any proceeds from this sale. Morgan Stanley is the sole underwriter of the offering. Interested investors should refer to the SEC filings for more comprehensive information.

First Solar (FSLR) announced a secondary offering of 8,649,074 shares, approximately 8.2% of its outstanding common stock, to be sold by Lukas T. Walton. The company will not receive any proceeds from this sale. Walton plans to reinvest the proceeds in environmental and social impact initiatives and will also donate an equivalent amount of shares to charitable organizations. After these transactions, Walton will retain about 4.9% of the company's stock. First Solar has a substantial manufacturing capacity of 5.7GW_DC globally, with 1.9GW_DC based in Ohio.

First Solar (Nasdaq: FSLR) announced its Luz del Norte power plant in Chile is the first utility-scale solar facility licensed to provide ancillary grid services. This 141 MW plant will assist in managing the country's electricity system's frequency, enhancing grid reliability. Following a thorough audit, it adds a new dimension to solar technology's capabilities. This initiative aligns with Chile's plan to phase out coal by 2040, aiming for carbon neutrality by 2050. Luz del Norte demonstrates the potential of large-scale solar in transitioning to renewable energy sources.

First Solar (FSLR) has agreed to sell its North American Operations and Maintenance (O&M) business to NovaSource Power Services, a Clairvest Group portfolio company. Approximately 220 O&M associates will transfer with the sale, though financial terms remain undisclosed. The transaction is subject to various closing conditions, including consents and regulatory reviews, and is expected to finalize in Q4 2020. First Solar continues to position itself as a leader in photovoltaic solar solutions, contributing to renewable energy advancements.

First Solar (FSLR) has committed to powering 100% of its global solar manufacturing operations with renewable energy by 2028, with a goal to transition U.S. facilities to carbon-free electricity by 2026. This commitment targets Scope 1 and Scope 2 emissions and aligns with the company's membership in the RE100 initiative. First Solar aims to further reduce its carbon footprint, which is already the lowest in the industry. The company has a manufacturing capacity of 5.5GW and has shipped over 25GW of PV modules globally.

First Solar (FSLR) announced the retirement of COO Philip Tymen deJong, effective April 2021, after a decade with the company. DeJong significantly contributed to establishing First Solar's Series 6 module manufacturing, with five factories operational and a sixth set to launch in Q1 2021. His responsibilities will transition to new executives, including Michael Koralewski and Kuntal Kumar Verma. First Solar also introduced Markus Gloeckler as Co-Chief Technology Officer and Jason Dymbort as General Counsel, aiming to enhance leadership and operational efficiency.

First Solar (NASDAQ: FSLR) is set to announce its second-quarter financial results on August 6, 2020, after market close. A conference call will take place at 4:30 p.m. ET to discuss the results and 2020 outlook. Investors can access the live webcast via the company’s investor relations site. An audio replay will be available until August 13, 2020. First Solar is recognized for providing comprehensive photovoltaic solar energy solutions, contributing to sustainable energy generation and environmental protection.