First Solar ( (FSLR) ) has released its Q4 earnings. Here is a breakdown of the information First Solar presented to its investors.
First Solar, Inc. is a leading American photovoltaic solar technology and manufacturing company, specializing in advanced thin film PV technology, which offers a competitive alternative to conventional crystalline silicon PV modules.
First Solar has announced its financial results for the fourth quarter and full year 2024, along with guidance for 2025. The company reported net sales of $4.2 billion for 2024, with a net income per diluted share of $12.02. The fourth quarter alone saw net sales of $1.5 billion and a net income per diluted share of $3.65.
Key financial highlights include a significant increase in net sales from the previous year, primarily due to higher module sales volume. The company ended 2024 with a net cash balance of $1.2 billion, bolstered by proceeds from tax credits and operating cash flows. Looking ahead, First Solar projects 2025 net sales between $5.3 billion and $5.8 billion, with earnings per diluted share expected to range from $17.00 to $20.00.
The company continues to focus on expanding its manufacturing capacity, with new facilities in Alabama and Louisiana, and has established a new R&D center in Ohio to drive innovation. First Solar’s strategic growth initiatives are aimed at maintaining its competitive edge in the solar industry.
Looking forward, First Solar remains committed to its long-term growth strategy, with an emphasis on innovation and capacity expansion. The company’s management is optimistic about achieving its financial targets for 2025, supported by strong demand for its advanced solar technology.