First Solar expands US manufacturing footprint
It grew 10x over the past decade with $5 billion invested. By 2027, it expects to support 40,000 jobs and $4 billion in labor income.
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Manufacturer of CdTe thin-film solar modules and PV solutions
firstsolar.comLast updated
In short: First Solar reported strong Q1 2026 financial results and expanded its U.S. manufacturing footprint through new facilities in Louisiana and Alabama.
It grew 10x over the past decade with $5 billion invested. By 2027, it expects to support 40,000 jobs and $4 billion in labor income.
Net sales reach $1.04 billion, up 24% YoY. Net income per share is $3.22, up 65%. Guidance for 2026 reaffirmed. Contracted backlog stands at 47.9 GW.
The visit recognizes First Solar's $1.5 billion in new US manufacturing capacity and 1,400 jobs by mid-term. They build American supply chains and communities.
Operations support 9,360 jobs, generate $792 million in labor income, contribute $1.23 billion to GDP, and produce $4.25 billion in output.
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