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.
National Grid Renewables has commenced commercial operations at its Noble Solar and Storage Project in Denton County, Texas. This 275 MW solar and 125 MWh energy storage facility is a significant stride for the company, marking its first utility-scale energy storage project. The Noble project is expected to prevent 450,000 metric tons of CO2 emissions annually and generate $26 million in tax revenue over the first 20 years. Power Purchase Agreements (PPAs) have been secured with The Home Depot, NRG Energy, and The Hershey Company.
First Solar (FSLR) has secured agreements to provide 4.9 GWDC of solar modules to Intersect Power, totaling 7.3 GWDC for 2022. This positions Intersect as the largest buyer of First Solar technology by 2029, with a projected capacity of 11.4 GWDC. The modules will be used in various projects starting from 2025. Additionally, First Solar plans to invest $4 billion in U.S. manufacturing, extending annual capacity to over 10 GWDC by 2025, and establishing a $270 million R&D center in Ohio.
First Solar plans to invest approximately $1.1 billion in a new solar module manufacturing facility in Lawrence County, Alabama, with a planned capacity of 3.5 GWDC. This factory aims to be operational by 2025 and will create over 700 direct jobs. This investment is part of a broader initiative to scale First Solar’s manufacturing footprint to exceed 10 GWDC by 2025, contributing to US energy self-sufficiency. The company's total US manufacturing investment is set to surpass $4 billion by 2025.
First Solar (FSLR) plans to invest approximately $270 million in a new 1.3 million square-foot R&D facility in Perrysburg, Ohio, aimed at accelerating technology validation for next-generation thin film solar modules. The center will feature a pilot manufacturing line, improving production efficiency and reducing downtime. Completion is anticipated in 2024, contingent on approval of local incentives. This investment aligns with First Solar's goal of enhancing its manufacturing capacity and maintaining its leadership in advanced photovoltaics.
First Solar reported third-quarter net sales of $629 million, reflecting an $8 million increase quarter-over-quarter, mainly due to higher module sales. The company faced a net loss per diluted share of $0.46, down from a profit of $0.52 in the previous quarter, attributed to increased logistics costs and a lack of gains from asset sales. Year-to-date net bookings reached a record 43.7 GWDC. However, the company has revised its full-year earnings guidance, now projecting losses between $(0.65) and $(0.35) per diluted share, highlighting challenges ahead.
Arevon Energy has secured over 2 GW of First Solar's advanced thin film PV modules, enhancing its solar portfolio. This includes approximately 700 MW from prior orders ahead of First Solar's Q2 2022 earnings. The modules will support Arevon's projects across the Midwest and Southwest, aligning with a significant rise in U.S. solar demand, as reported by Wood Mackenzie. First Solar's investment in U.S. manufacturing could reach $4 billion, increasing its capacity to over 10 GW by 2025, thereby bolstering the domestic solar market.
First Solar has secured a multi-year agreement with Swift Current Energy to supply 2 gigawatts (GW) of thin film solar modules for 2025 and 2026. This follows a previous order of 1.27 GW from Swift Current, reflecting their growing pipeline in renewable energy. First Solar is expanding its manufacturing capacity with a $1.2 billion investment in Ohio and a new facility in the Southeast, aiming for over 20 GW of global capacity by 2025. The company emphasizes quality and sustainability in its production processes.
Silicon Ranch and First Solar have expanded their partnership with a new 4-gigawatt supply agreement, building on their previous agreement from April 2022. This strategic collaboration reinforces their commitment to responsibly produced solar technology developed in the U.S. and supports the domestic energy transition. Silicon Ranch has secured an additional 700 megawatts of advanced solar modules to enhance its projects. The partnership aims to improve the carbon footprint of the supply chain and promote job creation and innovation in American solar technology.
First Solar, Inc. (NASDAQ: FSLR) will announce its financial results for the third quarter on October 27, 2022, post-market closure. A conference call will be held at 4:30 p.m. ET to discuss these results and provide outlook insights for 2022. Investors can access the call via a live webcast at investor.firstsolar.com. A replay will be available until November 26, 2022. First Solar is a leader in solar technology, offering eco-efficient solar modules contributing to sustainability.
First Solar, Inc. (Nasdaq: FSLR) has finalized the sale of its solar operations and maintenance (O&M) platform in Japan to funds managed by PAG Real Assets. The O&M platform includes approximately 665 megawatts (MW) of solar assets under management. Following the sale, most of First Solar's O&M employees in Japan are now part of PAG. PAG, with over $50 billion in assets under management, is a prominent private investment manager focused on the Asia-Pacific region.