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, Inc. (NASDAQ: FSLR) will announce its financial results for the first quarter ended March 31, 2021, on April 29, 2021, post-market. The company will host a conference call to discuss these results and its 2021 outlook at 4:30 p.m. ET. Investors can participate via a live webcast on the company's investor relations page. An audio replay will be available until May 13, 2021. First Solar is recognized for its eco-efficient solar modules, focusing on sustainability and advanced photovoltaic technologies.
First Solar has unveiled its next-generation Series 6 CuRe photovoltaic technology, featuring a remarkable 0.2% annual degradation rate, the lowest in the industry, significantly outperforming conventional crystalline silicon products by up to 60%. This technology retains at least 92% of its original performance over a 30-year warranty. Developed through extensive research and over $1.4 billion investment, CuRe promises superior performance in hot and humid conditions and is immune to several forms of degradation affecting traditional panels.
First Solar, Inc. (FSLR) has successfully completed the sale of a utility-scale solar project platform totaling 10 gigawatts (GW) to Leeward Renewable Energy. This transaction includes the transfer of over 50 project development team members to Leeward, which is backed by OMERS Infrastructure. This sale aligns with First Solar's strategy to enhance its renewable energy offerings and operational efficiency, reflecting a strong commitment to sustainable energy solutions.
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First Solar, Inc. (Nasdaq: FSLR) has successfully completed the sale of its North American Operations and Maintenance (O&M) business to NovaSource Power Services, positioning NovaSource as the world’s largest O&M provider. Approximately 270 employees from First Solar's O&M division have transitioned to NovaSource. This acquisition is backed by Clairvest Group, a Canadian private equity firm, indicating a significant shift in the operational landscape of solar energy services.
First Solar (FSLR) has appointed Katy Hollister to its board of directors, effective March 19, 2021. A prominent figure with nearly four decades at Deloitte, she will serve on the audit and compensation committees. Hollister, previously chief strategy officer of Deloitte's Global Tax and Legal practice, emphasized her commitment to sustainability and transformative business practices. Mark Widmar, CEO of First Solar, highlighted her valuable expertise as the company addresses climate change challenges. Hollister holds a BA from Duke University and a JD from the University of Cincinnati.
First Solar (Nasdaq: FSLR) has secured one of its largest orders, supplying up to 2.4 gigawatts (GW) of its Series 6 solar modules to Intersect Power across seven utility-scale projects. The firm order is for approximately 2 GW of modules with options for an additional 400 megawatts (MW). Deliveries will occur in 2022 and 2023. Intersect Power has significant growth plans with a pipeline of 3.2 GW of solar projects by 2023. First Solar's manufacturing capacity is set to reach 2.6 GW at its Ohio facilities by year-end.
First Solar reported net sales of $2.7 billion for 2020, with a fourth quarter net income per share of $1.08. The cash, restricted cash, and marketable securities at year-end increased to $1.8 billion. For 2021, the company projects net sales between $2.85 billion and $3.0 billion, with earnings per share guidance of $4.05 to $4.75. Despite a quarterly decline in sales, First Solar remains optimistic about future bookings and technological advancement, highlighting a projected operating income of up to $640 million.
First Solar, Inc. (NASDAQ: FSLR) will announce its fourth-quarter and full-year 2020 financial results alongside 2021 financial guidance on February 25, 2021, after market close. The company will host a conference call at 4:30 p.m. ET to discuss these results. Investors can access a live webcast at investor.firstsolar.com. The replay will be available until March 11, 2021.
First Solar (FSLR) announced a Purchase and Sale Agreement to sell a utility-scale solar project platform of approximately 10 GWAC to Leeward Renewable Energy. The acquisition includes 1.8 GWDC of First Solar modules, with 744 MWDC representing new bookings. The deal is expected to close in Q1 2021, pending regulatory approvals. First Solar retains 1.1 GWAC of projects to be sold separately. This strategic move aligns with First Solar's focus on enhancing its core module technology and overall market position.