First Solar publishes 2025 annual report, posts $5.2 billion net sales up 24%

Reuters04-04
First Solar publishes 2025 annual report, posts $5.2 billion net sales up 24%
  • First Solar annual report for fiscal 2025 highlighted record module volumes, supported by strong demand for domestically produced supply tied to accelerating US electrification needs.
  • Contracted backlog ended year at about 50.1 GW, valued at USD 15.0 billion.
  • Manufacturing expansion kept focus on US buildout, with Louisiana operations starting in November 2025 and South Carolina finishing line expected to begin in second half of 2026.
  • Technology roadmap advanced with initial CuRe module deliveries from limited commercial production, with factory-by-factory rollout set to begin in 2026.
  • International fleet continued to face weaker demand for Series 6, prompting plans to shift some front-end output into US finishing to improve freight, tariffs, and domestic content economics.


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