FIRST SOLAR (FSLR) Company Report

First Solar opened a $1.1 billion AI-enabled facility in Iberia Parish, Louisiana, spanning 2.4 million sq ft, with production starting July 2025 ahead of schedule.
The plant currently employs 700+ workers, set to grow to 826 by year-end, offering average salaries of $90,000.
It will add 3.5 GW of annual capacity, producing Series 7 solar modules from American-sourced materials, independent of Chinese silicon supply chains.
Leveraging AI (computer vision and deep learning) for enhanced defect detection and operations, the site supports First Solar’s target of nearly 18 GW domestic capacity by 2027.

Nov 21, 2025, 10:29 PM

Morningstar

First Solar plans $330M South Carolina plant

FSLR

New Projects/Investments

Hiring

First Solar to invest $330 million in a new Gaffney, SC manufacturing facility, creating 600 jobs with an average salary of $74,000; operations begin H2 2026.
The plant adds 3.7 GW to capacity, boosting U.S. annual nameplate capacity to 17.7 GW by 2027, making it the largest American solar manufacturer.
The investment brings First Solar’s total U.S. manufacturing and R&D spend to $4.5 billion since 2019 and supports employing over 5,500 people nationwide by end of 2026.
Expansion driven by policy incentives from the One Big Beautiful Bill Act and supportive trade policies to onshore Series 6 Plus module production.

Nov 14, 2025, 1:43 PM

Morningstar

First Solar reports Q3 2025 earnings

FSLR

Earnings

Guidance Update

2.7 GW of gross bookings since the prior call, with a total backlog of 54.5 GW extending through 2030.
Record 5.3 GW of modules sold in Q3, near the midpoint of guidance.
Q3 net sales of $1.595 B, diluted EPS of $4.24, gross cash of $2.0 B and net cash of $1.5 B.
Production of 3.6 GW (U.S. 2.5 GW; International 1.1 GW) and Louisiana facility commenced commercial runs in August.
Revised full-year 2025 guidance: net sales of $4.95–$5.20 B and EPS of $14.00–$15.00.

Oct 30, 2025, 8:30 PM

Presentation

First Solar reports Q3 2025 results

FSLR

Earnings

Guidance Update

Legal Proceedings

Delivered a record 5.3 GW of module sales and reported Q3 EPS of $4.24, with gross cash rising to $2 B.
Produced 3.6 GW of modules (2.5 GW U.S., 1.1 GW international); Alabama output was cut by 0.2 GW due to glass supply disruptions, while the new Louisiana facility’s early ramp is ahead of schedule with certification expected in Q4.
Secured gross bookings of 2.7 GW at an ASP of $0.309/W and faced debookings of 6.9 GW (6.6 GW from BP affiliates), leaving a contracted backlog of approximately 54.5 GW.
Revised full-year guidance: net sales of $4.95–5.20 B, EPS of $14–15, and capital expenditures of $0.9–1.2 B.
Filed suit against BP affiliates for breach of contract, seeking approximately $385 M in termination payments related to 6.6 GW of canceled bookings.

Oct 30, 2025, 8:30 PM

Transcript

First Solar reports Q3 2025 earnings and updates guidance

FSLR

Earnings

Guidance Update

Net sales of $1.6 billion and record module volume of 5.3 GW in Q3 2025.
Diluted EPS of $4.24 in the quarter.
Net cash balance of $1.5 billion (gross cash $2.0 billion) and contracted backlog of 53.7 GW valued at $16.4 billion as of September 30, 2025.
2025 guidance narrowed: net sales now expected to be $4.95 billion to $5.20 billion (vs. $4.90 billion to $5.70 billion) and EPS $14.00 to $15.00 (vs. $13.50 to $16.50).

Oct 30, 2025, 8:09 PM

8-K

First Solar reports Q3 2025 results and updates guidance

FSLR

Earnings

Guidance Update

First Solar reported Q3 net sales of $1.6 billion and record module volume sold of 5.3 GW.
Q3 diluted EPS of $4.24, up from $3.18 in Q2 2025.
End-of-quarter net cash balance of $1.5 billion (gross cash of $2.0 billion).
2.7 GW of gross bookings since the last earnings call and a contracted backlog of 53.7 GW valued at $16.4 billion as of September 30, 2025.
2025 guidance narrowed to net sales of $4.95 billion–$5.20 billion, EPS of $14.00–$15.00, and volume sold of 16.7 GW–17.4 GW.

Oct 30, 2025, 8:02 PM

Press Release

First Solar enters tax credit transfer agreements

FSLR

On October 20, 2025, First Solar agreed to sell $600 million of advanced manufacturing production tax credits for $573 million under a Fixed Transfer Agreement with a digital payments company; payments of the purchase price are expected on October 31 and December 29, 2025.
Simultaneously, the company entered a Variable Transfer Agreement to sell up to $175 million of additional tax credits at $0.955 per $1 of credit, with payment due February 27, 2026.

Oct 21, 2025, 8:36 PM

8-K

First Solar cited as top pick amid US solar tariffs and higher module costs

FSLR

Solar modules in the US are three times more expensive than in the rest of the world, reflecting sustained import tariffs.
Fewer than 5% of projects rely on federal funding, and tax credits have been extended through 2030, reducing policy risk for the sector.
A shift toward domestic manufacturing benefits firms with US footprint, notably First Solar, as tariffs support nearshoring.
Mandloi’s top sector picks include First Solar (solar modules), Sunrun (residential solar & storage), and Bloom Energy (fuel cells for data centers).

Aug 22, 2025, 11:19 AM

CNBC Television

First Solar petitions for tariffs on solar imports from India, Indonesia, Laos

FSLR

Legal Proceedings

A coalition led by First Solar, including Qcells, Talon PV, and Mission Solar, has formally requested the U.S. Commerce Department to impose anti-dumping and countervailing duties on solar imports from India, Indonesia, and Laos, alleging unfair subsidies and pricing practices that hurt domestic manufacturers.
Imports from these countries jumped from $289 million in 2022 to $1.6 billion in 2023, raising concerns over the impact on U.S. solar manufacturing investments.
U.S. solar manufacturing capacity has expanded from 7 GW in 2020 to around 50 GW currently, yet annual installations are projected to reach nearly 43 GW, underscoring demand outpacing domestic supply.
The Commerce Department has 20 days to decide whether to initiate an investigation into the tariffs petition, highlighting ongoing trade enforcement challenges.

Jul 17, 2025, 3:06 PM

Bloomberg

First Solar secures quantum dot supply agreement with UbiQD

FSLR

New Projects/Investments

First Solar partners with UbiQD through an exclusive multi-year agreement to integrate UbiQD’s fluorescent quantum dot (QD) technology into its thin-film bifacial photovoltaic panels.
The deal follows a 2023 joint R&D collaboration and targets enhanced utility-scale solar performance by boosting bifacial quantum efficiency.
UbiQD’s production is set to scale to over 100 metric tons annually, representing the first high-volume QD supply outside of display applications.
The collaboration strengthens domestic manufacturing capacity for advanced PV modules amid growing power demand from data centers, AI, and manufacturing sectors.

Jul 9, 2025, 1:00 PM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for FIRST SOLAR.

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