First Solar, Inc.
239.60-8.09 (-3.27%)
Oct 28, 4:00:01 PM EDT · NasdaqGS · FSLR · USD
Key Stats
Market Cap
25.70BP/E (TTM)
20.50Basic EPS (TTM)
11.69Dividend Yield
0%Recent Filings
8-K
8-K
Q2 Earnings Beat Expectations
First Solar reported Q2 2025 net sales of $1.1 billion, up from $0.8 billion in Q1, driven by higher module volumes, with net income per diluted share hitting $3.18. The company booked 2.1 GW in July, bolstering a 64.0 GW backlog through 2030, while net cash balance climbed to $0.6 billion on Section 45X tax credit sales. It updated 2025 guidance, raising net sales to $4.9B-$5.7B and EPS to $13.50-$16.50, yet policy shifts pose execution risks. Strong backlog fuels growth.
8-K
Tax credit sale boosts cash
First Solar inked a Tax Credit Transfer Agreement on July 28, 2025, selling up to $391 million in advanced manufacturing production tax credits to a leading financial institution for $372.8 million, payable in three installments through Q4 2025. These credits stem from U.S. module component production and sales under Section 45X. The deal bolsters liquidity for domestic expansion. Customary conditions apply.
8-K
Tax credit sale completed
First Solar inked a deal on June 20, 2025, to sell $311.9 million in advanced manufacturing tax credits to a top financial institution for $296.3 million, paid upfront. These credits stem from U.S. production and sales of module components earlier this year under Section 45X. The move unlocks immediate cash from tax incentives. Yet standard indemnities leave room for disputes.
ASTI
Ascent Solar Technologies, Inc
2.11-0.16
CSIQ
Canadian Solar Inc.
15.16-0.20
ENPH
Enphase Energy, Inc.
36.70-0.11
FTCI
FTC Solar, Inc.
8.68-0.35
GSLR
GEOSOLAR TECHNOLOGIES, INC.
0.01+0.00
MAXN
Maxeon Solar Technologies, Ltd.
3.44-0.11
RUN
Sunrun Inc.
19.92-0.59
SMXT
Solarmax Technology Inc.
0.99+0.01
SPWR
SunPower Inc.
1.94-0.10
ZEO
Zeo Energy Corporation
1.97-0.02