First Solar, Inc. FSLR

What this company does

First Solar produces photovoltaic (PV) solar modules using a fully integrated, continuous manufacturing process that does not rely on Chinese crystalline silicon supply chains. Its current module semiconductor structure is a single-junction polycrystalline thin film that uses cadmium telluride (CdTe) as the absorption layer, using approximately 2% to 3% of the amount of semiconductor material used to manufacture conventional crystalline silicon modules. The company has sold more than 93 GW of modules worldwide. Its global manufacturing footprint includes facilities in the United States, Malaysia, Vietnam, and India. Its customers include system developers, independent power producers, utilities, commercial and industrial companies, large corporate energy buyers, and other system owners and operators. During 2025, Silicon Ranch Corporation and NextEra Energy each accounted for 10% or more of the company's modules business net sales. As of December 31, 2025, the company had approximately 7,900 associates, its term for full and part-time employees, the majority of whom work in the United States, Malaysia, India, and Vietnam.

Written from the business description in First Solar, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 24 February 2026. Every sentence was checked against that document before publication.