First Solar (FSLR) is a publicly traded Solar Manufacturing company founded in 1999 and based in Tempe, USA.
| Date | Stage | Amount | Valuation | Lead investors |
|---|---|---|---|---|
| Nov 17, 2006 | IPO | $265M | — | — |
First Solar reported Q2 2026 net sales of $1.06 billion, down 4% year-over-year, driven by customer contract terminations offset partly by higher third-party module volume. Net income was $423 million, or $3.92 per diluted share, up 23% from $3.18 in Q2 2025. Adjusted EBITDA grew to $644 million from $560 million. The company surpassed 100 GW of cumulative global module sales and ended with 45.1 GW of contracted backlog extending through 2030. Net cash balance decreased to $1.7 billion as of June 30, 2026 from $2.4 billion at year-end 2025 due to seasonal working-capital needs and South Carolina facility capital spending. The company reaffirmed full-year 2026 guidance: net sales of $4.9–$5.2 billion, volumes of 17.0–18.2 GW, and adjusted EBITDA of $2.6–$2.8 billion. Q3 2026 adjusted EBITDA is expected between $625–$775 million.
Full-year net sales $4.9–$5.2B; adjusted EBITDA $2.6–$2.8B; Q3 adjusted EBITDA $625–$775M

Section 232 tariffs could raise U.S. module prices by roughly $0.14/W, forcing project PPA renegotiations.

US imposes 15% tariff on all silicon ingot, wafer, cell and module imports and minimum import prices for polysilicon, the most aggressive solar trade action yet.

Unison Solar plans a 500 MW perovskite-silicon tandem module factory in Queensland, backed by AUD 7.25M from ARENA and partners at University of Sydney.
A cadmium telluride (CdTe) thin-film solar module measuring 1,216 × 2,300 mm, offering up to 19% module efficiency with a 0.3% annual degradation rate — among the best in the industry. Outperforms crystalline silicon in high-temperature and low-light conditions and carries an integrated end-of-life recycling program. Made entirely in the US and optimized for utility-scale solar farms.
First Solar's proprietary cadmium telluride thin-film semiconductor process, which uses vapour deposition to manufacture complete modules in a continuous, high-throughput process. Requires no polysilicon and is less energy-intensive to produce than c-Si; achieves 20% cell efficiency today with a roadmap to 25% by 2025 and 28% by 2030. Underpins First Solar's domestic manufacturing advantage.
28 patents on file, but none with both an extractable figure and an abstract on Google Patents yet.
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