Record Sales and Strategic Challenges for First Solar Inc.
First Solar Inc (FSLR) has reported a 27% increase in net sales for 2024, reaching $4.2 billion, despite production issues and international market uncertainties. The company's manufacturing capacity has increased to 21 gigawatts at year-end 2024, with a record 14.1 gigawatts of module sales in 2024. First Solar Inc is now on track to begin commercial operations at its new Louisiana facility in the second half of 2025.
- The significant increase in production capacity and module sales underscores First Solar's efforts to maintain market share and competitiveness in the solar industry, particularly as global demand for renewable energy continues to grow.
- How will First Solar's expansion into new markets, including India, impact its ability to navigate policy environment uncertainties and deliver on its 2025 production forecast?