First Solar
First Solar is a leading American solar technology company that designs and manufactures advanced thin film photovoltaic (PV) modules. The company utilizes a proprietary Cadmium Telluride (CdTe) semiconductor technology to provide a high-performance, responsibly produced alternative to conventional crystalline silicon solar panels. Its core value proposition centers on a fully integrated manufacturing process that avoids reliance on Chinese crystalline silicon supply chains while offering superior energy yield in hot and humid climates.
Financials
Based on Q1 2026 filing
Revenue
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Modules Business
primaryThe design, manufacture, and sale of CdTe solar modules that convert sunlight into electricity. This segment leverages a continuous, automated production process to transform glass sheets into completed solar modules within hours.
Series 6 Plus, Series 7
Utilities, Independent Power Producers, System Developers, Commercial and Industrial Companies, Data Center Operators
Business Overview
Competitive Position
The world's largest thin film PV solar module manufacturer and the largest PV manufacturer in the Western Hemisphere, distinguished by a non-silicon based supply chain.
Geographies
United States, India, Malaysia, Vietnam
Customer Segments
Utility-scale energy providers, Corporate energy buyers, Infrastructure investors
Upstream Dependencies
Transparent oxide-coated glass suppliers, Cadmium Telluride (CdTe) raw material providers, Aluminum frame and junction box manufacturers
Downstream Customers
Utility-scale solar project developers, Large-scale corporate data centers, Independent power producers (IPPs)
Competitors & Partners
Similar Companies
Partners
Silicon Ranch Corporation
Major customer accounting for 10% or more of net sales
Nextra Energy
NEE
Major customer accounting for 10% or more of net sales
First Solar FAQ
Common questions about First Solar
First Solar is a leading American solar technology company that designs and manufactures advanced thin film photovoltaic (PV) modules. The company utilizes a proprietary Cadmium Telluride (CdTe) semiconductor technology to provide a high-performance, responsibly produced alternative to conventional crystalline silicon solar panels. Its core value proposition centers on a fully integrated manufacturing process that avoids reliance on Chinese crystalline silicon supply chains while offering superior energy yield in hot and humid climates.
First Solar (FSLR) has a market capitalization of $25.1B and trades on NASDAQ.
First Solar generated $5.4B in trailing twelve-month revenue with net income of $1.7B, representing a net margin of 30.7%. Gross margin stands at 41.7%, with free cash flow of $1.7B. These figures are based on the Q1 2026 filing.
First Solar's key competitors include Canadian Solar, Tesla, Inc. Common Stock. These companies compete in similar markets and product categories.
First Solar has approximately 6,700 employees.