First Solar

Market data as of Jul 28, 2026, 11:21 AM · Source: Yahoo Finance (delayed). Not investment advice.

Overview

First Solar is the largest US-headquartered solar panel manufacturer, producing thin-film cadmium telluride modules for utility-scale solar installations. The company reported Q1 2026 net sales of $1.04 billion, up 24% year-over-year, driven by higher module sales volumes to third parties, with net income per diluted share of $3.22 (up 65% year-over-year) and a contracted sales backlog of 47.9 GW as of March 31, 2026, positioning it to benefit from record US utility-scale solar capacity additions -- solar is expected to make up 51% of all new 2026 US generating capacity, with 43.4 GW of new utility-scale solar planned.

Dependency Map

One hop in each direction — see Strategic Connections below for the full, sourced breakdown of every relationship.

Strategic Connections

Strategic Risks

• Solar module demand and pricing remain sensitive to US trade policy and tariff changes affecting competing imports
• Utility-scale solar capacity growth depends on continued grid interconnection capacity and permitting timelines

Future Outlook

• Continued backlog conversion into revenue as US utility-scale solar additions hit record levels in 2026
• Potential benefit from any further trade measures favoring US-manufactured solar modules over Asian imports

Sources

• U.S. Securities and Exchange Commission (EDGAR) (Feb 2026) — First Solar FY2025 Annual Report (Form 10-K), filed with the SEC
• SEC Form 8-K (May 2026) — First Solar reports $1.04B Q1 2026 net sales, 47.9GW backlog