First Solar Inc

FSLR

Equity

ISIN null / Valor 2626060

NASDAQ (2025-12-19)

USD 266.98+1.98%

First Solar Inc
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About company

First Solar, Inc. is a US-headquartered manufacturer of cadmium telluride (CdTe) thin‑film photovoltaic modules that sells components and system solutions for utility‑scale solar projects worldwide. The company designs and produces its own thin‑film panels at multiple manufacturing sites, supplies modules to large solar developers and project owners, and provides related services across the project lifecycle, including engineering, construction support, operations and maintenance and end‑of‑life module management. Its CdTe technology is positioned as an alternative to conventional crystalline silicon, offering a different set of performance and cost trade‑offs — for example a relatively favorable temperature coefficient and lower material intensity per watt in large‑scale production — and First Solar is one of the largest global module producers headquartered in the United States.

Summarized from source with an LLMView SourceSector: Technology

Net Sales and Earnings

For Q1 2025, First Solar Inc recorded net sales of $0.8 billion—a decrease of $0.7 billion from the previous quarter—mainly due to an anticipated seasonal decline in module volumes. The company’s net income per diluted share was $1.95, down from $3.65 in Q4 2024.

Cash Position and Capital Expenditures

The gross cash balance stood at $0.9 billion, while the net cash balance fell to $0.4 billion by the end of Q1, down from $1.2 billion at year-end. This decline was driven by capital expenditures for the Louisiana manufacturing facility and reduced operating cash flows from lower module sales, coupled with increased inventories to support future commitments.

Bookings and Backlog

First Solar Inc reported year-to-date net bookings of 0.7 GW, with 0.6 GW recorded since the Q4 earnings call, along with an expected sales backlog of 66.3 GW. The average selling price during this period was 30.5 cents per watt, excluding adjustments and India domestic sales.

Updated Guidance

The company revised its 2025 guidance to reflect the impact of new tariffs effective in April 2025. Key adjustments include lower ranges for net sales, gross margin, operating income, and earnings per diluted share for the full year, along with an updated forecast for module volume sold and second quarter earnings, underscoring the near-term challenges while maintaining confidence in its long-term strategic outlook.

Summarized from source with an LLMView Source

Key figures

51.8%1Y

70.3%3Y

185%5Y

Performance

61.6%1Y

55.4%3Y

52.8%5Y

Volatility