First Solar, Inc. provides photovoltaic (PV) solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally. It operates in two segments, Modules and Systems. The Modules segment designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity to integrators and operators of PV solar power systems. The Systems segment provides power plant solutions, such as project development; engineering, procurement, and construction; and operating and maintenance services to utilities, independent power producers, commercial and industrial companies, and other system owners. The company was formerly known as First Solar Holdings, Inc. and changed its name to First Solar, Inc. in 2006. First Solar, Inc. was founded in 1999 and is headquartered in Tempe, Arizona.
IPO Year: 2006
Exchange: NASDAQ
Website: firstsolar.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/16/2025 | $274.00 | Neutral → Buy | Seaport Research Partners |
| 11/5/2024 | Neutral | Seaport Research Partners | |
| 10/29/2024 | $260.00 | Neutral → Buy | Janney |
| 10/22/2024 | $200.00 → $254.00 | Neutral → Buy | Citigroup |
| 9/26/2024 | $300.00 | Buy | Truist |
| 8/29/2024 | Mkt Perform | William Blair | |
| 8/14/2024 | $270.00 | Buy | Clarksons Platou |
| 8/1/2024 | $280.00 | Hold → Buy | DZ Bank |
| 6/28/2024 | $215.00 → $280.00 | Buy | Deutsche Bank |
| 6/18/2024 | Buy → Neutral | Janney |
Seaport Research Partners upgraded First Solar from Neutral to Buy and set a new price target of $274.00
Seaport Research Partners initiated coverage of First Solar with a rating of Neutral
Janney upgraded First Solar from Neutral to Buy and set a new price target of $260.00
Citigroup upgraded First Solar from Neutral to Buy and set a new price target of $254.00 from $200.00 previously
Truist initiated coverage of First Solar with a rating of Buy and set a new price target of $300.00
William Blair initiated coverage of First Solar with a rating of Mkt Perform
Clarksons Platou initiated coverage of First Solar with a rating of Buy and set a new price target of $270.00
DZ Bank upgraded First Solar from Hold to Buy and set a new price target of $280.00
Deutsche Bank reiterated coverage of First Solar with a rating of Buy and set a new price target of $280.00 from $215.00 previously
Janney downgraded First Solar from Buy to Neutral
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8-K - FIRST SOLAR, INC. (0001274494) (Filer)
10-Q - FIRST SOLAR, INC. (0001274494) (Filer)
8-K - FIRST SOLAR, INC. (0001274494) (Filer)
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8-K - FIRST SOLAR, INC. (0001274494) (Filer)
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Net sales of $0.9 billion Net income per diluted share of $2.91, impacted by $50 million product warranty reserve charge Net cash balance of $0.7 billion YTD net bookings of 4.0 GW; 0.4 GW since second quarter earnings call Expected sales backlog of 73.3 GW First Solar, Inc. (NASDAQ:FSLR) (the "Company") today announced financial results for the third quarter ended September 30, 2024. Net sales for the third quarter were $0.9 billion, a decrease of $0.1 billion from the prior quarter. The decrease was primarily driven by a decrease in the volume of MW sold and a product warranty reserve charge, partially offset by termination payments from certain customers in the U.S. and India
First Solar, Inc. (NASDAQ:FSLR) (the "Company") will report financial results for the third quarter ended September 30, 2024, after the market closes on Tuesday, October 29, 2024. Conference Call Details are as follows: Date: Tuesday, October 29, 2024 Time: 4:30 PM ET Live Webcast: investor.firstsolar.com Webcast Replay: Available through Thursday, November 28, 2024 Investors section of the Company's website approximately two hours after the call About First Solar, Inc. First Solar is a leading American solar technology company and global provider of responsibly produced eco-efficient solar modules advancing the fight against climate change. Developed at R&D labs in California and
Net sales of $1.0 billion Net income per diluted share of $3.25 Net cash balance of $1.2 billion Maintain full-year 2024 guidance YTD net bookings of 3.6 GW; 0.9 GW since first quarter earnings call with an average selling price of 31.6 cents per watt, excluding adjusters and India domestic sales Expected sales backlog of 75.9 GW First Solar, Inc. (NASDAQ:FSLR) (the "Company") today announced financial results for the second quarter ended June 30, 2024. Net sales for the second quarter were $1.0 billion, an increase of $0.2 billion from the prior quarter. The increase was primarily driven by an increase in the volume of modules sold and an increase in the average se
First Solar, Inc. (NASDAQ:FSLR) (the "Company") will report financial results for the second quarter ended June 30, 2024, after the market closes on Tuesday, July 30, 2024. Conference Call Details are as follows: Date: Tuesday, July 30, 2024 Time: 4:30 PM ET Live Webcast: investor.firstsolar.com Webcast Replay: Available through Thursday, August 29, 2024 Investors section of the Company's website approximately two hours after the call About First Solar, Inc. First Solar is a leading American solar technology company and global provider of responsibly produced eco-efficient solar modules advancing the fight against climate change. Developed at R&D labs in California and Ohi
Net sales of $794 million Net income per diluted share of $2.20 Net cash balance of $1.4 billion Maintain full-year 2024 P&L guidance YTD net bookings of 2.7 GW with an average selling price ("ASP") of 31.3 cents per watt, excluding adjusters Expected sales backlog of 78.3 GW First Solar, Inc. (NASDAQ:FSLR) (the "Company") today announced financial results for the first quarter ended March 31, 2024. Net sales for the first quarter were $794 million, a decrease of $0.4 billion from the prior quarter. The decrease was primarily driven by an expected historical seasonal reduction in volume of modules sold. The Company reported first quarter net income per diluted share o
First Solar, Inc. (NASDAQ:FSLR) (the "Company") will report financial results for the first quarter ended March 31, 2024, after the market closes on Wednesday, May 1, 2024. Conference Call Details are as follows: Date: Wednesday, May 1, 2024 Time: 4:30 PM ET Live Webcast: investor.firstsolar.com Audio Replay: Available through Friday, May 31, 2024 United States: 1-800-770-2030 Outside of the United States: 1-647-362-9199 Replay passcode: 99681 Webcast Replay: Available through Friday, May 31, 2024 Investors section of the Company's website approximately two hours after the call About First Solar, Inc. First Solar is a leading American solar technology company a
Net sales of $3.3 billion for 2023 and $1.2 billion for the fourth quarter Net income per diluted share of $7.74 for 2023 and $3.25 for the fourth quarter 2023 year-end net cash balance of $1.6 billion 2023 net bookings of 28.3 GW; 2.3 GW since third quarter earnings call at a base ASP of 31.8 c/w 2024 net sales guidance of $4.4 billion to $4.6 billion 2024 EPS guidance of $13.00 to $14.00 per diluted share 2024 year-end net cash balance guidance of $0.9 billion to $1.2 billion First Solar, Inc. (NASDAQ:FSLR) (the "Company") today announced financial results for the fourth quarter and year ended December 31, 2023. Net sales for the fourth quarter were $1.2 billion, a
First Solar, Inc. (NASDAQ:FSLR) (the "Company") will report financial results for the fourth quarter and full year ended December 31, 2023, and discuss its 2024 financial guidance and outlook, after the market closes on Tuesday, February 27, 2024. Conference Call Details are as follows: Date: Tuesday, February 27, 2024 Time: 4:30 PM ET Live Webcast: investor.firstsolar.com Audio Replay: Available through Thursday, March 28, 2024 United States: 1-800-770-2030 Outside of the United States: 1-647-362-9199 Replay passcode: 99681 Webcast Replay: Available through Thursday, March 28, 2024 Investors section of the Company's website approximately two hours after the call
1.2 million square foot facility in Troy Township, Ohio to be repurposed to optimize distribution of modules First Solar, Inc. (NASDAQ:FSLR) today announced that it has acquired a 1.2 million square foot facility in Troy Township, Ohio. The facility, formerly known as Peloton Output Park, is expected to be repurposed into a new distribution center serving First Solar's Ohio manufacturing footprint, which comprises three manufacturing facilities with a combined annual nameplate capacity of approximately 6 gigawatts (GW) of capacity at the end of 2023. "As we prepare to expand our Ohio capacity by almost a gigawatt this year, there's a need for our logistics and distribution capabilities
Net sales of $801 million Net income per diluted share of $2.50 Net cash balance of $1.3 billion Maintain full-year 2023 revenue guidance and raise the mid-point of EPS guidance from $7.50 to $7.60 YTD net bookings of 27.8 GW; 6.8 GW since second quarter earnings call with an average selling price of $0.30 per watt, excluding India Expected sales backlog of 81.8 GW First Solar, Inc. (NASDAQ:FSLR) (the "Company") today announced financial results for the third quarter ended September 30, 2023. Net sales for the third quarter were $801 million, a decrease of $10 million from the prior quarter. The decrease was primarily driven by a reduction in volume of modules sold. T
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George Burdette joins Verde leadership team bringing more than 15 years of financial, commercial, corporate development, and investment management experience Verde Clean Fuels, Inc. ("Verde" or "the Company") (NASDAQ:VGAS) announces the appointment of George Burdette as Chief Financial Officer ("CFO"). "We are pleased to announce the appointment of George Burdette as CFO. George brings a wealth of experience and expertise in all aspects of finance and will be instrumental as we advance our plans to deploy our proprietary liquid fuels processing technology through the development of commercial production plants," said Ernie Miller, Verde's Chief Executive Officer. Mr. Burdette will be res
Series 6 Plus and Series 7 TR1 are world's first EPEAT Climate+ ultra low-carbon modules World's largest high-value solar recycler achieves 95% global average material recovery rate Top rated solar manufacturer in 2023 Renewable Energy Human Rights Benchmark report According to its 2024 Sustainability Report, which was released today, First Solar, Inc. (NASDAQ:FSLR) has established new industry benchmarks including verifiable leadership in ultra low-carbon solar technology, high-value recycling, respect for human rights, and transparent reporting. Headquartered in the United States, First Solar is the largest solar manufacturer in the Western Hemisphere and the world's largest high-v
TEMPE, Ariz., July 19, 2021 (GLOBE NEWSWIRE) -- First Solar, Inc. (NASDAQ:FSLR) has appointed Anita Marangoly George, a senior executive with almost four decades of diverse global experience in institutional finance and sustainable infrastructure investing, to its board of directors, effective July 15, 2021. Ms. George will serve on First Solar's Nominating and Governance, and Technology Committees. Ms. George has held various positions at la Caisse de Dépôt et Placement du Québec (CDPQ), a global investment group managing funds for public retirement and insurance plans. She is currently a strategic advisor and served as executive vice president and deputy head of CDPQ's global investment
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Net sales of $0.9 billion Net income per diluted share of $2.91, impacted by $50 million product warranty reserve charge Net cash balance of $0.7 billion YTD net bookings of 4.0 GW; 0.4 GW since second quarter earnings call Expected sales backlog of 73.3 GW First Solar, Inc. (NASDAQ:FSLR) (the "Company") today announced financial results for the third quarter ended September 30, 2024. Net sales for the third quarter were $0.9 billion, a decrease of $0.1 billion from the prior quarter. The decrease was primarily driven by a decrease in the volume of MW sold and a product warranty reserve charge, partially offset by termination payments from certain customers in the U.S. and India
George Burdette joins Verde leadership team bringing more than 15 years of financial, commercial, corporate development, and investment management experience Verde Clean Fuels, Inc. ("Verde" or "the Company") (NASDAQ:VGAS) announces the appointment of George Burdette as Chief Financial Officer ("CFO"). "We are pleased to announce the appointment of George Burdette as CFO. George brings a wealth of experience and expertise in all aspects of finance and will be instrumental as we advance our plans to deploy our proprietary liquid fuels processing technology through the development of commercial production plants," said Ernie Miller, Verde's Chief Executive Officer. Mr. Burdette will be res
First Solar, Inc. (NASDAQ:FSLR) (the "Company") will report financial results for the third quarter ended September 30, 2024, after the market closes on Tuesday, October 29, 2024. Conference Call Details are as follows: Date: Tuesday, October 29, 2024 Time: 4:30 PM ET Live Webcast: investor.firstsolar.com Webcast Replay: Available through Thursday, November 28, 2024 Investors section of the Company's website approximately two hours after the call About First Solar, Inc. First Solar is a leading American solar technology company and global provider of responsibly produced eco-efficient solar modules advancing the fight against climate change. Developed at R&D labs in California and
New Lawrence County facility creates more than 800 energy technology manufacturing jobs First Solar, Inc. (NASDAQ:FSLR) inaugurated its new $1.1 billion fully vertically integrated thin-film solar manufacturing facility in Lawrence County, Alabama. The facility, which adds 3.5 gigawatts (GW) of fully vertically integrated nameplate solar manufacturing capacity in the United States, is expected to create over 800 new energy technology manufacturing jobs in the state. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240926270735/en/First Solar inaugurated its new $1.1 billion fully vertically integrated thin-film solar manufacturing
Furthers Growth of Marathon Capital's Equity Capital Markets Offering Marathon Capital, a leading financial advisory and investment banking firm to the clean economy, has announced that James Fitzgerald has joined the firm as Head of Institutional Sales. Based in New York, Mr. Fitzgerald will be responsible for leading the continued rollout of Marathon Capital's Equity Research and Equity Capital Markets ("ECM") products. Mr. Fitzgerald was most recently Executive Director, Institutional Equity Sales at Tudor, Pickering, Holt & Co (the energy business of Perella Weinberg Partners), where he provided coverage and long-term relationship management of hedge fund, long only, family office, an
Series 6 Plus and Series 7 TR1 are world's first EPEAT Climate+ ultra low-carbon modules World's largest high-value solar recycler achieves 95% global average material recovery rate Top rated solar manufacturer in 2023 Renewable Energy Human Rights Benchmark report According to its 2024 Sustainability Report, which was released today, First Solar, Inc. (NASDAQ:FSLR) has established new industry benchmarks including verifiable leadership in ultra low-carbon solar technology, high-value recycling, respect for human rights, and transparent reporting. Headquartered in the United States, First Solar is the largest solar manufacturer in the Western Hemisphere and the world's largest high-v
Net sales of $1.0 billion Net income per diluted share of $3.25 Net cash balance of $1.2 billion Maintain full-year 2024 guidance YTD net bookings of 3.6 GW; 0.9 GW since first quarter earnings call with an average selling price of 31.6 cents per watt, excluding adjusters and India domestic sales Expected sales backlog of 75.9 GW First Solar, Inc. (NASDAQ:FSLR) (the "Company") today announced financial results for the second quarter ended June 30, 2024. Net sales for the second quarter were $1.0 billion, an increase of $0.2 billion from the prior quarter. The increase was primarily driven by an increase in the volume of modules sold and an increase in the average se
Patents secured through 2013 acquisition of TetraSun include issued patents in the United States, Canada, Mexico, China, Malaysia, Vietnam, Japan, and Australia, among other jurisdictions, and pending patent applications in the European Union and Japan First Solar evaluating options including asserting patent rights against potential infringers First Solar, Inc. ("First Solar") (NASDAQ:FSLR) today announced its ownership of patents related to the manufacturing of Tunnel Oxide Passivated Contact ("TOPCon") crystalline-silicon ("c-Si") photovoltaic ("PV") solar cells. First Solar secured the U.S. patent and related international counterparts through its acquisition of TetraSun, Inc.
Facility part of approximately half-billion dollar investment in US thin film R&D infrastructure Investment expected to reinforce America's strategic leadership in thin film PV Announces new thin film world record with 23.1% efficient CdTe cells First Solar, Inc. (NASDAQ:FSLR) today commissioned a new research and development (R&D) innovation center in Lake Township, Ohio, believed to be the largest facility of its kind in the Western Hemisphere. The Jim Nolan Center for Solar Innovation is dedicated to the late James "Jim" F. Nolan, a former member of First Solar's Board of Directors and the architect of the company's cadmium telluride (CdTe) semiconductor platform. This press r
First Solar, Inc. (NASDAQ:FSLR) (the "Company") will report financial results for the second quarter ended June 30, 2024, after the market closes on Tuesday, July 30, 2024. Conference Call Details are as follows: Date: Tuesday, July 30, 2024 Time: 4:30 PM ET Live Webcast: investor.firstsolar.com Webcast Replay: Available through Thursday, August 29, 2024 Investors section of the Company's website approximately two hours after the call About First Solar, Inc. First Solar is a leading American solar technology company and global provider of responsibly produced eco-efficient solar modules advancing the fight against climate change. Developed at R&D labs in California and Ohi