Highest-materiality recent filing
First Solar 2026 annual meeting results: directors elected, shareholder proposal fails
All 10 director nominees elected; Paul Stebbins received 17.7M against votes (22% of cast votes).
First Solar Q1 net sales $1.04B (+24% YoY), EPS $3.22 (+65% YoY); reaffirms guidance
Net sales $1.04B, +24% YoY; net income $347M ($3.22 diluted EPS, +65% YoY).
First Solar reports FY2025 EPS $14.21; guides FY2026 sales $4.9B-$5.2B
Net sales FY2025 $5.2B (+24% YoY module volume); Q4 net sales $1.7B.
First Solar enters $1.5B unsecured revolver, terminates prior secured facility
New 5-year senior unsecured revolving credit facility of $1.5B, with $450M letter of credit sublimit.
First Solar Q3 net income $4.24/shr on record 5.3 GW volume; guides FY 2025 EPS $14-15
Net sales $1.6B, up $0.5B QoQ; record volume sold 5.3 GW.
First Solar sells up to $775M of 45X tax credits to digital payments firm for 95.5% value
Fixed agreement: sells $600M of 2025 Section 45X credits for $573M (0.955/$1), payable Oct 31 and Dec 29, 2025.
First Solar Q2 EPS $3.18 on $1.1B sales; guides FY EPS $13.50-$16.50
Q2 net sales $1.1B (+$0.3B QoQ); net income per diluted share $3.18 (vs $1.95 Q1).
First Solar sells up to $391M of Section 45X tax credits to financial institution
Enters tax credit transfer agreement to sell up to $391M of Section 45X credits for up to $372.755M.
First Solar sells $311.9M in 45X tax credits for $296.3M cash
Tax Credit Transfer Agreement entered June 20, 2025, to sell Section 45X production tax credits generated from US module sales in early 2025.
All nine director nominees elected; largest against vote was Paul H. Stebbins with 15.4M against (20.5%).
First Solar Q1 EPS $1.95 on $0.8B sales; cuts FY25 guidance on new tariffs
Net sales $0.8B, down from $1.5B in Q4 2024 due to seasonal module volume drop.
First Solar director Molly Joseph will not stand for re-election at 2025 Annual Meeting
Molly E. Joseph notified the Board on March 12, 2025, she will not seek re-election.
First Solar reports FY2024 EPS $12.02, guides FY2025 EPS $17-$20 on $5.3B-$5.8B sales
Q4 net sales $1.5B, FY2024 net sales $4.2B (up from $3.3B prior year). EPS $3.65 Q4, $12.02 FY2024.
First Solar Announces Final Sale of $857M in Section 45X Tax Credits
Sold $857M in 2024 Section 45X tax credits at $0.955 per $1, expecting ~$819M in gross cash proceeds.
First Solar appoints Nathan Theurer as CAO; Jeffers moves to Investor Relations
Nathan Theurer, age 44, appointed VP Global Controller and Chief Accounting Officer, effective Jan 6, 2025.
Fixed tranche: $645M tax credits sold for $615.975M, representing 4.5% discount.
First Solar Q3 earns $2.91/sh; cuts FY2024 net sales guidance to $4.1-4.25B, volume to 14.2-14.6GW
Net sales $0.9B, down from prior quarter; net diluted EPS $2.91 vs $3.25 Q2, impacted by $50M product warranty reserve charge.
First Solar Q2 EPS $3.25 on sales $1.0B; maintains full-year guidance
Net income per diluted share $3.25, up from $2.20 in Q1 2024; net sales $1.0B (+$0.2B QoQ).
First Solar shareholders approve special meeting right for 25%+ holders; all directors re-elected
Stockholders approved amendment to bylaws enabling holders of 25%+ of outstanding common stock with a one-year holding period to call special meetings.
First Solar Q1 net sales $794M, EPS $2.20; guides FY24 net cash to $600-900M, capex $1.8-2.0B
Net sales $794M (down $0.4B QoQ); diluted EPS $2.20 (vs $3.25 Q4 2023).
Net sales FY 2023 of $3.3B, up from $2.6B prior year; Q4 net sales $1.2B, up $0.4B QoQ.
Three First Solar directors to retire at 2024 annual meeting
Richard D. Chapman, George A. 'Chip' Hambro, and Craig Kennedy will not stand for re-election.
First Solar sells $500M in 45X tax credits to Fiserv for $480M; additional $200M option
Fixed transfer agreement: $500M of Section 45X tax credits sold for $480M (0.96 per $1).
First Solar Q3 EPS $2.50, beats prior quarter; raises FY EPS midpoint to $7.60
Net sales $801M (-$10M QoQ), diluted EPS $2.50 vs $1.59 in Q2 2023.
First Solar Q2 EPS $1.59, net sales $811M; guides FY EPS $7-8 unchanged
Net sales $811M (+$262M QoQ); diluted EPS $1.59 vs $0.40 in Q1.
First Solar adopts proxy access and updates bylaws for universal proxy rules
Board approved Amended & Restated Bylaws effective July 20, 2023.
First Solar Board sets annual advisory vote on executive compensation after shareholder vote
Board determined to hold annual advisory votes on named executive officer compensation following Proposal No. 4 vote at May 9, 2023 annual meeting.
First Solar enters $1.0B senior secured revolving credit facility
Five-year credit facility for $1.0B, with a $250M letter of credit sublimit; can be upsized by $1.0B.
First Solar annual meeting: all 12 director nominees elected, auditor ratified
All 12 board nominees elected; Paul H. Stebbins received largest opposition with 12.35M votes against.
First Solar Q1 net income $0.40/diluted share; net sales $548M; YTD bookings 12.1 GW
Net sales of $548M, down $454M from prior quarter on lower module volume to third parties.
First Solar Q4 net loss narrows to $0.07/share; 2023 EPS guidance $7-8 on IRA credits
Q4 2022 net sales $1.0B (up $0.4B QoQ); full year net sales $2.6B.
First Solar Q3 net loss $0.46/diluted share; FY2022 guidance cut to $(0.65)-$(0.35)
Net sales $629M, net loss $0.46 per diluted share vs income $0.52 in prior quarter.
First Solar Q2 net sales $621M, EPS $0.52; cuts FY22 guidance on Chile impairment and Yen
Net sales $621M (up $254M QoQ); diluted EPS $0.52 vs -$0.41 prior quarter.
Project company FS Japan Project 25 GK entered ¥21.5B ($168.1M) credit facility for a 53 MW AC plant in Tochigi, Japan.
First Solar shareholders elect all 12 directors and ratify PwC as auditor at 2022 annual meeting
All 12 board nominees elected; Paul H. Stebbins received 61.1M for, 13.8M against (18.4% withheld).
First Solar sells Japan solar development & O&M platforms to PAG for ~$575M
Sale of 293 MW DC project development platform and 665 MW DC O&M platform to PAG Real Assets for ~$575M.
First Solar Q1 net loss $0.41/share on sales $367M; reiterates FY22 guidance
Net sales $367M, down $540M QoQ; net loss per diluted share $0.41 vs. Q4-21 EPS of $1.23.
Director Katy Hollister not to stand for re-election at First Solar 2022 Annual Meeting
Kathryn A. Hollister will not stand for re-election to the Board at the 2022 Annual Meeting.
First Solar Q4 EPS $1.23; guides 2022 EPS $0.00-$0.60 amid expansion costs
Q4 net sales $0.9B (+$0.3B QoQ); full-year net income $4.38/diluted share above mid-point of prior guidance.
Director Sharon L. Allen to not stand for re-election at 2022 Annual Meeting
Sharon L. Allen, Audit Committee chair, will not seek re-election at the 2022 Annual Meeting.
First Solar Q3 EPS $0.42, net sales $584M; maintains FY guidance
Net sales $584M, down $46M QoQ; net income per diluted share $0.42 vs $0.77 prior quarter.
First Solar Q2 EPS $0.77, net sales $629M, cuts full-year guidance on freight costs
Net sales of $629M, down $174M QoQ due to project sales; module segment revenue rose.
First Solar amends bylaws to adopt exclusive forum provisions and clarify officer appointment power
Board designated Delaware Court of Chancery as exclusive forum for internal corporate claims.
First Solar appoints Anita Marangoly George to Board of Directors effective July 15, 2021
Board size increased to 12 directors; George fills newly created directorship effective July 15, 2021.
First Solar terminates $500M revolving credit facility with no borrowings outstanding
Terminated $500M secured Revolving Credit Facility (maturing July 2022) on June 30, 2021.
On March 12, 2025, Molly E. Joseph notified First Solar, Inc. (the “Company”) that she will not stand for re-election as a member of the Company’s Board of Directors (the “Board”) at the Company’s 2025 Annual Meeting of Stockholders
On January 3, 2025, First Solar, Inc. (“First Solar” or the “Company”) appointed Nathan Theurer, age 44, to the position of Vice President, Global Controller and Chief Accounting Officer, effective January 6, 2025
Also effective January 6, 2025, Byron Jeffers, former Vice President, Global Controller and Chief Accounting Officer, has been appointed Vice President, Treasurer and Head of Investor Relations at First Solar.
On February 13, 2024, Richard D. Chapman, George A. (“Chip”) Hambro, and Craig Kennedy each notified First Solar, Inc. (the “Company”) that they will retire as a member of the Company’s Board of Directors (the “Board”) and not stand for re-election at the Company’s 2024 Annual Meeting of Stockholders (the “2024 Annual Meeting”).
On February 13, 2024, Richard D. Chapman, George A. (“Chip”) Hambro, and Craig Kennedy each notified First Solar, Inc. (the “Company”) that they will retire as a member of the Company’s Board of Directors (the “Board”) and not stand for re-election at the Company’s 2024 Annual Meeting of Stockholders (the “2024 Annual Meeting”).
On February 13, 2024, Richard D. Chapman, George A. (“Chip”) Hambro, and Craig Kennedy each notified First Solar, Inc. (the “Company”) that they will retire as a member of the Company’s Board of Directors (the “Board”) and not stand for re-election at the Company’s 2024 Annual Meeting of Stockholders (the “2024 Annual Meeting”).
Kathryn A. (“Katy”) Hollister notified First Solar, Inc. (the “Company”) that she will not stand for re-election as a member of the Company’s Board of Directors
On February 16, 2022, Sharon L. Allen notified First Solar, Inc. (the “Company”) that she will not stand for re-election as a member of the Company’s Board of Directors (the “Board”) at the Company’s 2022 Annual Meeting of Stockholders (the “2022 Annual Meeting”).
On July 15, 2021, the Board of Directors (the “Board”) of First Solar, Inc. (the “Company” or “First Solar”) increased the size of the Board to 12 directors and appointed Anita Marangoly George to the Board to fill the newly created directorship, effective July 15, 2021.
Max materiality 0.90 · Median 0.65 · Most common event earnings