First Solar Projects 2025 Sales Surge After Strong Q2

• First Solar shines with a $1.1B Q2 boost, raising 2025 forecasts and solidifying its solar industry leadership.

First Solar Inc. has raised its full-year revenue forecast following a strong second quarter, with net sales reaching USD 1.1 billion, a USD 300 million increase from the previous quarter. The company anticipates higher sales in 2025, projecting net sales between USD 4.9 billion and USD 5.7 billion, and expects diluted EPS to range from USD 13.50 to USD 16.50. First Solar's CEO, Mark Widmar, highlighted the company's strengthened position in the solar manufacturing industry due to recent policy and trade developments.

In Q2, First Solar reported a net profit of USD 341.9 million, slightly down from USD 349.4 million a year earlier but up from USD 209.5 million in the previous quarter. The company sold USD 312 million of Section 45X tax credits, resulting in cash proceeds of USD 296 million. First Solar's backlog extends through 2030, with total booking opportunities of 83.3 GW and an expected backlog of 64 GW. The company ended June with USD 600 million in cash and equivalents, up from USD 400 million at the end of March.

How has First Solar's financial outlook improved after a strong second quarter?

• Increased full-year revenue forecast due to strong Q2 performance.
• Net sales in Q2 reached USD 1.1 billion, a significant increase from the previous quarter.
• Projected net sales for 2025 are between USD 4.9 billion and USD 5.7 billion.
• Expected diluted EPS for 2025 ranges from USD 13.50 to USD 16.50.
• Net profit in Q2 was USD 341.9 million, up from USD 209.5 million in the previous quarter.
• Sold USD 312 million of Section 45X tax credits, generating USD 296 million in cash.
• Backlog extends through 2030, with 83.3 GW in total booking opportunities and 64 GW expected backlog.
• Cash and equivalents increased to USD 600 million by the end of June, up from USD 400 million at the end of March.
• Strengthened position in the solar manufacturing industry due to favorable policy and trade developments.