Molly E. Joseph
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
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).
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.
Max materiality 0.85 · Median 0.65 · Most common event earnings