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. designs and manufactures photovoltaic solar modules using cadmium telluride thin-film technology for utility-scale power generation and other solar markets. Company news commonly covers module sales, quarterly financial results, guidance, manufacturing capacity, U.S. factory investment, and the role of its integrated production process outside crystalline silicon supply chains.
Recurring developments also include Series 7 module deployments in solar projects, research and development activity in California and Ohio, patent licensing for next-generation perovskite photovoltaic devices, and Section 45X advanced manufacturing production tax credits tied to U.S.-made module components.
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.
First Solar (FSLR) announced the acquisition of the 123-MW American Kings Solar project by Goldman Sachs Renewable Power LLC. The project, located in California, is backed by a 15-year Power Purchase Agreement with Southern California Edison and is expected to be operational by Q4 2020. The facility, utilizing First Solar’s Series 6 photovoltaic modules, will reduce carbon emissions by displacing 78,000 metric tons of CO2 annually. This partnership reinforces First Solar’s commitment to sustainable energy and contributes significantly to California's decarbonization efforts.
On June 18, 2020, First Solar (FSLR) announced a 15-year Power Purchase Agreement with Dow (DOW) for renewable energy from 75% of its 200-MW Horizon Solar project in Texas. This agreement underpins Dow's commitment to sourcing 750 MW of renewable power by 2025. The project is expected to power 25,000 homes and displace 147,000 metric tons of CO2 annually. First Solar aims to enhance sustainability by using its eco-efficient Series 6 modules, reducing water consumption significantly in its manufacturing processes. This collaboration aims to contribute positively to both companies' sustainability goals.
First Solar has announced a framework supply agreement with Geronimo Energy to deliver 415 MWDC of Series 6 photovoltaic modules in 2022. This deal expands their collaboration to over 1.4 GWDC in module technology sales. Geronimo Energy, part of National Grid, operates over 2.4 GW of renewable energy projects. The Series 6 modules are designed for superior environmental performance, boasting a carbon footprint significantly lower than conventional panels. First Solar has also enhanced its manufacturing capacity to meet the growing demand for these modules.
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