First Solar sells $311.9M in 45X tax credits for $296.3M cash

FIRST SOLAR, INC.

Tax Credit Transfer Agreement entered June 20, 2025, to sell Section 45X production tax credits generated from US module sales in early 2025.
Purchase price of $296,265,276.80 paid in a single installment on the Effective Date, representing ~95% of the $311.9M face value.
Counterparty is a leading financial institution; agreement contains customary covenants, indemnification, and termination provisions.
Transaction converts future tax credits into immediate cash, strengthening liquidity without debt.

item 8.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.