First Solar Announces Final Sale of $857M in Section 45X Tax Credits

FIRST SOLAR, INC.

Sold $857M in 2024 Section 45X tax credits at $0.955 per $1, expecting ~$819M in gross cash proceeds.
Transaction included fixed $645M and variable $212M sales; variable sale expected by Feb 28, 2025.
Pre-tax earnings impact of ~$39M, post-tax ~$45M, reducing diluted EPS by ~$0.42 for 2024.
CEO Mark Widmar highlighted tax credits support US manufacturing jobs and economic value.

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