First Solar Inc

First Solar, Inc. is a photovoltaic (PV) solar technology and manufacturing company. It is focused on enabling power generation needs with its advanced, thin film PV technology. The Company's primary segment is its modules business, which involves the design, manufacture, and sale of CdTe solar modules, which convert sunlight into electricity. Third-party customers of the segment include system developers, independent power producers, utilities, commercial and industrial companies, and other system owners and operators. The Company's products include the Series 7 Module and Series 6 Plus module. Its Series 6 Plus module is a glass laminate approximately 4ft x 6ft in size that encapsulates thin film PV semiconductor materials. Its Series 7 module has a larger form factor of approximately 4ft x 7ft in size. The Series 6 Plus and Series 7 modules had an average power output of 459 watts and 531 watts, respectively.

• PPA pricing trends ($/MWh) (leading)
• Order book / installed capacity backlog (leading)
• Installation cost curves (LCOE) (trend)
• Inverter / battery $/kWh trajectory (trend)
• Grid-interconnection queue depth (coincident)

• China solar/wind tariffs + IRA domestic-content rules · exposure: very high
• Rare-earth supply (China = ~85% global rare-earth processing) · exposure: high
• Permitting + grid-connection bottlenecks · exposure: high
• Energy security policy shifts · exposure: medium-high

• MW shipped / installed — core volume metric
• EBITDA margin % — 8-15% manufacturers; 20-40% developers
• Order backlog months — 12-24 months healthy
• Capacity factor (utility scale) — wind 35%+, solar 18%+, varies geo
• LCOE trajectory — decreasing = competitive vs grid

Detailed financial analysis, valuation snapshot, multi-period history, and AI narrative are pending — generated when this company is included in the next analysis batch. Profile data above is point-in-time as of 2026-04-30.