First Solar Intends to Expand Global Manufacturing Footprint with New 3.3 GW Facility in India
First Solar, Inc. (FSLR)
Last first solar, inc. earnings: 2/20 04:05 pm
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Source: GlobeNewswire
$684 million facility is expected to commence operations in 2023 Fully-vertically integrated facility will support India’s goal of self-reliance in clean energy technologies NEW DELHI, India and TEMPE, Ariz., July 29, 2021 (GLOBE NEWSWIRE) -- First Solar, Inc. (Nasdaq: FSLR) today announced that it intends to invest $684 million in a new, fully vertically integrated photovoltaic (PV) thin film solar module manufacturing facility in India. Contingent upon permitting, and pending approval of Indian government incentives that are satisfactory to First Solar, the advanced facility is expected to be built in the state of Tamil Nadu and commence operations in the second half of 2023. The planned facility is projected to have a nameplate capacity of 3.3 gigawatts (GW)DC. With First Solar’s expansion in the United States and India and optimization of its existing fleet, the company anticipates that its nameplate manufacturing capacity will double to 16 GWDC in 2024. Unique among the world
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News
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- Solar manufacturers petition U.S. to impose tariffs on imports from four Southeast Asian nations [MSNBC.com]MSNBC.com
- US Solar Makers Seek Additional Tariffs on Panel Imports From Asia [BNN Bloomberg (Canada)]BNN Bloomberg
- First Solar, Inc. (NASDAQ: FSLR) was upgraded by analysts at Evercore ISI from an "in-line" rating to an "outperform" rating. They now have a $227.00 price target on the stock.MarketBeat
FSLR
Earnings
- 2/27/24 - Beat
FSLR
Sec Filings
- 4/5/24 - Form 4
- 4/5/24 - Form 4
- 4/4/24 - Form 144
- FSLR's page on the SEC website