First Solar, Inc.'s SEC filings document the business, capital structure, and governance of a Nasdaq-listed photovoltaic solar technology and manufacturing company. Its 8-K reports furnish operating results, financial condition updates, guidance, and material events tied to module sales, cash balances, tax credit transfers, and financing arrangements.
Recent filings also cover a senior unsecured revolving credit facility, Section 45X advanced manufacturing production tax credit transfer agreements generated from U.S. module component production, and the company's common stock registered on Nasdaq. Proxy materials disclose board matters, executive compensation, equity awards, shareholder voting items, and other governance practices.
First Solar, Inc. (FSLR) reported third-quarter 2026 net sales of $1.231 billion, down 22.8% year over year, while net income rose to $571.1 million from $455.9 million. Gross margin increased to 57.9% from 38.3%. The company attributed the increase primarily to a higher volume of modules sold qualifying for Section 45X credits and higher sales prices per watt, partly offset by higher production costs from a greater mix of U.S.-produced modules and lower revenue tied to customer contract terminations.
For the first nine months of 2026, operating cash flow was $402.7 million used, versus $815.2 million provided a year earlier. As of September 30, 2026, customer contracts covered 44.0 GW of modules at an aggregate transaction price of $13.5 billion, expected to be recognized through 2030 as control transfers. The contract volume and price exclude India contracts without fully secured payment; the price also excludes specified variable consideration. The first phase of First Solar’s South Carolina facility began commercial production in September 2026, and the company expects the second phase to begin operations in mid-2027.
First Solar, Inc. reported third-quarter 2026 net sales of $1.23 billion, down 23% year over year. Net income was $571 million versus $456 million, diluted earnings per share were $5.30 versus $4.24, and Adjusted EBITDA was $744 million, up 11% from $671 million. Net cash balance was $1.5 billion as of September 30, 2026, compared with $2.4 billion as of December 31, 2025.
First Solar lowered 2026 guidance for volume sold to 16.0–17.0 GW, net sales to $4.6–$4.9 billion and Adjusted EBITDA to $2.55–$2.75 billion. It anticipates fourth-quarter module sales of 4.3–5.3 GW and Adjusted EBITDA of $643–$843 million. Net cash used in operating activities was $402.714 million for the nine months ended September 30, 2026, versus $815.212 million provided in the same 2025 period.
The board authorized repurchases of up to $500 million of common stock, effective immediately. The program has no expiration date, does not obligate First Solar to purchase shares and may be suspended or discontinued at any time.
First Solar, Inc. (FSLR) is the subject of an amended joint beneficial-ownership disclosure by Citadel Securities GP LLC, Citadel Securities LLC, Citadel Securities Group LP, Citadel Advisors LLC, Citadel Advisors Holdings LP, Citadel GP LLC, and Kenneth Griffin.
As of the opening of the market on October 15, 2026, Kenneth Griffin may be deemed to beneficially own 6,459,463 shares (6.0%); Citadel Securities Group LP and Citadel Securities GP LLC each report 6,422,545 shares (6.0%); and Citadel Securities LLC reports 5,261,645 shares (4.9%). Citadel Advisors LLC, Citadel Advisors Holdings LP, and Citadel GP LLC each report 36,918 shares (0.0%). These are separate, overlapping ownership attributions, not an aggregate. The stated percentages use 107,469,788 shares outstanding as of July 24, 2026. Reported voting and dispositive power is shared, with zero sole power.
First Solar, Inc. is the issuer in a joint Schedule 13G reporting beneficial ownership by Citadel Securities GP LLC, Citadel Securities LLC, Citadel Securities Group LP, Citadel Advisors LLC, Citadel Advisors Holdings LP, Citadel GP LLC and Kenneth Griffin. Citadel Securities Group LP and Citadel Securities GP LLC each may be deemed to beneficially own 5,375,954 shares (5.0%); Citadel Securities LLC may be deemed to own 4,433,406 shares (4.1%). Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC each may be deemed to own 33,622 shares (0.0%), while Kenneth Griffin may be deemed to own 5,409,576 shares (5.0%).
The reported percentages are based on 107,469,788 shares outstanding as of July 24, 2026. The ownership figures are listed separately for each reporting person.
First Solar, Inc. (FSLR) director Michael J. Ahearn acquired 422 shares of common stock on September 30, 2026, as quarterly equity compensation paid to the issuer’s non-associate directors. After the award, he directly held 66,479 shares. The filing also lists 3,273 shares held indirectly by trust.
The Post Family Trust received a 300-share grant reported for First Solar, Inc. director William J. Post on September 30, 2026. The shares represent quarterly equity compensation paid to the issuer’s non-associate directors; the reported transaction price was $0.0000 per share. The trust’s reported resulting position was 27,685 shares.
Paul H. Stebbins, a director of First Solar, Inc. (FSLR), reported an acquisition of 300 shares of Common Stock on September 30, 2026, held indirectly through the Stebbins Family Trust. The footnote identifies the grant as quarterly equity compensation paid to First Solar’s non-associate directors. Reported holdings following the transaction were 16,250 shares.
First Solar, Inc. director Michael T. Sweeney acquired 300 shares of common stock on September 30, 2026, as quarterly equity compensation paid to the issuer’s non-associate directors. His direct holdings following the award were 14,625 shares.
First Solar, Inc. director Anita M. George acquired a 300-share common-stock award on September 30, 2026, as quarterly equity compensation paid to the issuer’s non-associate directors. She directly held 5,471 shares after the award.
First Solar, Inc. (FSLR) director Lisa A. Kro reported an acquisition of 300 shares of common stock on September 30, 2026. The shares were held indirectly by a trust and represent quarterly equity compensation paid to the issuer’s non-associate directors. The trust held 4,899 shares following the transaction.