First Solar ( (FSLR) ) has released its Q1 earnings. Here is a breakdown of the information First Solar presented to its investors.
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First Solar, Inc. is a leading photovoltaic solar technology and manufacturing company based in the United States, known for its advanced thin film PV technology that provides a high-performance alternative to conventional solar modules.
In its first quarter of 2025 financial results, First Solar reported net sales of $0.8 billion and a net income per diluted share of $1.95, alongside a net cash balance of $0.4 billion. The company also revised its guidance to account for the anticipated impact of new tariffs implemented in April 2025.
Key financial metrics revealed a decrease in net sales by $0.7 billion from the previous quarter, attributed to a seasonal reduction in module sales volume. The net income per diluted share also dropped from $3.65 in the fourth quarter of 2024. The company’s cash position decreased due to capital expenditures for its Louisiana facility and increased inventories. Despite these challenges, First Solar secured year-to-date net bookings of 0.7 GW and an expected sales backlog of 66.3 GW.
Looking ahead, First Solar’s management remains optimistic about the long-term demand for solar energy, particularly in the U.S. market. The company believes it is well-positioned to meet this demand due to its unique status as America’s largest solar module manufacturer and its fully vertically integrated production capabilities.