Highest-materiality recent filing
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 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 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 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.
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 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.
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 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 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 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.
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.
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.
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