First Solar, Inc. (FSLR)

Over the past six months, First Solar's stock price has experienced fluctuations. As of June 23, 2025, the share price was $144.67, representing a decline of 44.63% from June 24, 2024. Key events impacting the stock include strong financial results for Q4 and full year 2024, Q1 2025 financial results and revised guidance, the impact of trade policies, government support through the Inflation Reduction Act, market sentiment, and overall market performance.

Demand for First Solar's products and services exhibits seasonality, with a slowdown in installations during winter months due to unfavorable weather conditions and reduced daylight hours. This cyclical pattern can lead to anticipated seasonal reductions in module sales volume. Historically, the stock has been observed to underperform during the summer season but shows a strong recovery in autumn and winter.

First Solar, Inc. is a leading American photovoltaic (PV) solar technology and manufacturing company, and the only U.S.-based company among the world's largest solar manufacturers. The company operates within the renewable energy sector, focusing on utility-scale solar projects. Its primary business is the modules business, involving the design, manufacture, and sale of cadmium telluride (CdTe) solar modules. First Solar also engages in solar power system project development and demonstrates a strong commitment to sustainability through its recycling programs.

First Solar operates a global manufacturing footprint with facilities in the United States, Malaysia, Vietnam, and India. The U.S. is its largest market, accounting for over 90% of its total revenue in 2024. The company is expanding its production capacity, with plans to exceed 25 GW by 2026, with 14 GW of this capacity located in the U.S. This global presence allows First Solar to adapt to various regulatory and market environments and provides resilience against local market fluctuations and supply chain disruptions.

First Solar maintains a strong brand reputation as a leading American solar technology company and a global provider of eco-efficient solar modules. The company is recognized for its advanced CdTe modules and its commitment to sustainability. Its focus on domestic manufacturing and environmentally friendly thin-film technology contribute positively to its reputation. Strong financial performance and capacity expansion enhance its standing, while revised guidance due to new tariffs could be perceived negatively. Continuous investment in R&D reinforces its technology leadership.

First Solar, Inc. operates as a public company with a mix of institutional, retail, and individual investors. Institutional investors hold a significant portion of First Solar's shares. Individual investors represent a smaller percentage of ownership but collectively hold a notable stake. Company executives and board members own a small fraction of the company's shares.