Here are the 10-K annual reports from First Solar, Inc. (FSLR) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow FSLR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FSLR filings page.
First Solar, Inc. filed its annual report describing a business built around cadmium telluride thin film solar modules, positioning itself as the largest thin film PV manufacturer in the Western Hemisphere and the only U.S.-headquartered company among the world’s biggest solar producers.
The company highlights its Series 6 Plus and Series 7 modules, extensive manufacturing footprint in the U.S., Malaysia, Vietnam, and India, and plans for a sixth U.S. plant expected to start operations in the second half of 2026. The United States is its primary market, accounting for 96% of 2025 net sales, supported by strong demand for domestically produced modules.
First Solar emphasizes heavy investment in R&D, lifecycle sustainability, and high-value recycling that recovers over 90% of module materials. The filing also details significant dependence on U.S. policy, including IRA and OBBBA tax incentives, and notes competitive and regulatory risks from global overcapacity, tariffs, trade actions, and changing incentive frameworks.