First Solar Stock Price, News & Analysis

First Solar (FSLR) announced a Purchase and Sale Agreement to sell a utility-scale solar project platform of approximately 10 GW_AC to Leeward Renewable Energy. The acquisition includes 1.8 GW_DC of First Solar modules, with 744 MW_DC representing new bookings. The deal is expected to close in Q1 2021, pending regulatory approvals. First Solar retains 1.1 GW_AC 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.

First Solar, Inc. (FSLR) reported a strong third-quarter 2020, achieving net sales of $928 million, a $285 million increase from the previous quarter. The net income per share rose to $1.45, up from $0.35 in Q2. Cash, restricted cash, and marketable securities totaled $1.7 billion.

The company reinstated its financial guidance for Q4 2020, projecting net sales between $540 million and $790 million and earnings per share of $1.00 to $1.50.

First Solar is set to supply 869MWDC of its Series 6 solar modules to power six new projects for Vistra Corp. in Texas. This partnership emphasizes both companies' commitment to sustainability and the reduction of carbon emissions. The Series 6 modules, known for their superior environmental performance and lower carbon footprint, highlight First Solar's innovation with over $1 billion in R&D investments. First Solar, celebrating two decades in the industry, remains a leading force in American solar manufacturing.

First Solar's Series 6 PV module has become the world’s first photovoltaic product to be listed on the new EPEAT PV Modules and Inverters category, awarded a Silver rating. The EPEAT ecolabel, utilized by public and private sector buyers globally, verifies First Solar's commitment to sustainability through a rigorous third-party certification process. Series 6 modules have a significantly lower carbon and water footprint compared to conventional solar panels, with a focus on maintaining fair labor practices and minimizing environmental impacts throughout their lifecycle.

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.