---
schema_version: "secwatch.filing_event.v1"
accession: "0001274494-23-000026"
form_type: "8-K"
ticker: "FSLR"
cik: "0001274494"
company_name: "FIRST SOLAR, INC."
filed_at: "2023-12-27T23:59:59+00:00"
generated_at: "2026-06-07T06:48:11.493454+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First Solar sells $500M in 45X tax credits to Fiserv for $480M; additional $200M option

## Summary
- Fixed transfer agreement: $500M of Section 45X tax credits sold for $480M (0.96 per $1).
- Two installments: $336M due Jan 10, 2024; $144M due March 15, 2024.
- Variable agreement allows sale of up to $200M more tax credits at same 0.96 factor, due April 15, 2024.
- Counterparty is Fiserv, Inc.; tax credits generated from 2023 US production of solar components.
- Monetization provides upfront cash from 45X credits rather than waiting for tax refunds.

## SEC filing metadata
- accession: 0001274494-23-000026
- form_type: 8-K
- ticker: FSLR
- cik: 0001274494
- company_name: FIRST SOLAR, INC.
- filed_at: 2023-12-27T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1274494/000127449423000026/0001274494-23-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1274494/000127449423000026/fslr-20231222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001274494-23-000026
- JSON: https://secwatch.observer/filing/0001274494-23-000026.json
- Plain text: https://secwatch.observer/filing/0001274494-23-000026.txt

## Key facts
- Material Agreements
  FIRST SOLAR, INC. entered into Tax Credit Transfer Agreement (Variable) with Fiserv, Inc. valued at up to $200,000,000 of additional Tax Credits (effective 2023-12-22).
  - Action: entry
  - Counterparty: Fiserv, Inc.
  - Value: up to $200,000,000 of additional Tax Credits
  - Effective: 2023-12-22
  source text: Pursuant to the Tax Credit Transfer Agreement (Variable) (the “Variable Transfer Agreement” and, together with the Fixed Transfer Agreement, the “Transfer Agreements”), the Company agreed to sell to the Purchaser up to $200,000,000 of additional Tax Credits associated with the Eligible Transactions.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1274494/000127449423000026/0001274494-23-000026-index.htm
- Material Agreements
  FIRST SOLAR, INC. entered into Tax Credit Transfer Agreement (Fixed) with Fiserv, Inc. valued at $500,000,000 of advanced manufacturing production tax credits (effective 2023-12-22).
  - Action: entry
  - Counterparty: Fiserv, Inc.
  - Value: $500,000,000 of advanced manufacturing production tax credits
  - Effective: 2023-12-22
  source text: On December 22, 2023, First Solar, Inc. (the “Company”) entered into two separate Tax Credit Transfer Agreements with Fiserv, Inc. (the “Purchaser”). Pursuant to the Tax Credit Transfer Agreement (Fixed) (the “Fixed Transfer Agreement”), the Company agreed to sell to the Purchaser $500,000,000 of advanced manufacturing production tax credits
  evidence_url: https://www.sec.gov/Archives/edgar/data/1274494/000127449423000026/0001274494-23-000026-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.