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High-efficiency cadmium telluride solar technology with proven utility-scale performance
First Solar stands as America's leading solar technology company, providing comprehensive photovoltaic (PV) solar energy solutions with a proprietary thin-film semiconductor technology that offers a lower-carbon alternative to conventional crystalline silicon PV solar modules. Founded in 1999 and publicly traded on NASDAQ since 2006, the company employs over 8,100 professionals across manufacturing facilities in Ohio, Malaysia, Vietnam, and India.
The Arizona-based manufacturer recently opened a $1.1 billion facility in Alabama in September 2024, reinforcing its commitment to American manufacturing excellence and energy independence.
First Solar designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity with industry-leading efficiency. Unlike traditional crystalline silicon panels, First Solar's cadmium telluride panels deliver superior performance in high-temperature environments and challenging weather conditions, making them the preferred choice for utility-scale installations worldwide.
In 2024, First Solar achieved revenue of $4.21 billion, representing a 26.75% increase, with earnings of $1.29 billion, up 55.52% year-over-year. This exceptional financial performance reflects the company's manufacturing prowess and growing market demand for American-made solar solutions.
First Solar's flagship Series 6 modules represent the pinnacle of thin-film solar technology. These high-efficiency panels feature power outputs ranging from 420W to 445W, with module efficiency reaching up to 19.5%. The superior temperature coefficient of -0.28%/°C ensures consistent performance even in extreme heat conditions.
First Solar cadmium telluride panels offer distinct advantages over traditional silicon alternatives:
🏭 Manufacturing
American-made quality with Ohio facilities producing 3.3 GW annually. Vertically integrated supply chain eliminates dependencies. Advanced automation ensures consistent quality.
🌍 Sustainability
Industry's only comprehensive recycling program recovering 90% materials. Lowest carbon footprint among commercial PV technologies. Energy payback under 1 year.
⚡ Utility Excellence
Proven track record with 25 GW installed globally. Complete EPC capabilities for large-scale projects. Grid-scale performance optimization expertise.
📈 Financial Strength
According to 28 analysts, First Solar stock maintains a "Strong Buy" rating with a 12-month price target of $226.66, reflecting strong investor confidence in the company's growth trajectory.
"First Solar's Series 6 modules consistently outperform projections in our Arizona installations. The temperature coefficient advantage translates to 12% higher energy yield compared to crystalline alternatives during summer peaks."
— Michael Rodriguez, VP Engineering, Desert Power Solutions
"We've deployed 3.2 GW of First Solar modules across our portfolio. The bankability, performance predictability, and comprehensive recycling program make them our preferred technology partner for utility-scale projects."
— Jennifer Chen, Head of Development, Renewable Energy Corp
"First Solar stands out as a major beneficiary of new energy legislation, thanks to its U.S.-centric manufacturing and unique cadmium-telluride technology."
— Industry Analysis Report
First Solar recently announced quarterly EPS of $3.18, beating expectations by 21.26%, demonstrating strong financial performance and operational efficiency that drives investor confidence.
First Solar cadmium telluride panels excel in high-temperature environments with superior temperature coefficients, making them ideal for utility-scale installations where consistent performance matters most.
First Solar offers comprehensive 25-year power warranties with industry-leading degradation rates, plus manufacturing defect coverage backed by the company's strong financial position.
While optimized for utility-scale projects, First Solar Series 6 modules work excellently for large commercial installations where performance in challenging conditions is prioritized.
First Solar operates the industry's only comprehensive prepaid recycling program, recovering over 90% of materials including glass, semiconductor materials, and metals at end-of-life.
First Solar manufactures panels in state-of-the-art facilities across Ohio, Alabama, Malaysia, Vietnam, and India, with significant American manufacturing capacity supporting domestic energy goals.
Ready to invest in First Solar technology?
Experience American-made solar excellence with proven utility-scale performance and comprehensive sustainability benefits.
EXPLORE FIRST SOLAR SOLUTIONSThis comprehensive guide covers First Solar's innovative cadmium telluride technology, manufacturing excellence, and investment potential. With strong financial performance and growing market demand for American-made renewable energy solutions, First Solar continues leading the transition to sustainable energy.
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