First solar energy supplied 14.1 GW Dunne film solar modules in 2024, with a turnover of $ 4.2 billion. The American Cadmium Telluride panel maker is now confronted with global policy uncertainty.
First Solar, an American manufacturer of thin-film solar modules, reported the fourth quarter in the win, missed the expectations of Wall Street. However, the income has risen and the turnover is expected to be approximately 32% higher than 2024. The stock prices rose more than 9% in the mid -week this week.
The net turnover for the fourth quarter was $ 1.5 billion, an increase of $ 0.6 billion compared to the previous quarter. The company attributed the increase in the first place to the increased module sale in the fourth quarter. The net turnover for the entire year 2024 was $ 4.2 billion compared to $ 3.3 billion in the previous year. This increase was mainly powered by a higher volume modules to third parties.
The company reported the net income of the fourth quarter per watered share of $ 3.65 and the net income for the entire year per watered share of $ 12.02.
First solar energy recently reported the sale of 2024 section 45x Tax credits, which, together with the operational cash flows of the module, partly compensated by capital expenditure in connection with the facilities of Alabama and Louisiana. This resulted in cash, tradable effects and fewer debts at the end of the fourth quarter that increases to $ 1.2 billion of $ 0.7 billion at the end of the previous quarter.
The sale of 45x advanced production production Tax credits was performed through two agreements at a price of $ 0.955 per $ 1.00 tax credit for a total sale of $ 857 million, generated from the US established in the US. The agreements related to a fixed transaction of $ 645 million in tax credits, which were paid in two parts at the end of last year, and $ 212 million in extra tax credits, which is expected to be completed on 28 February 2025, First Solar said.
It noted that it expected the profit per share from $ 17 to $ 20 to 2025, somewhat of the consensus estimate of $ 20.17. The company predicts the turnover of $ 5.3 billion to $ 5.8 billion, versus expectations of $ 5.52 billion.
The company achieved the profit per share of $ 3.65 for the quarter ending on December 31, with the average estimate of the analysts of $ 4.83 missing. The turnover for the quarter was $ 1.5 billion, just for the expectations of analysts of $ 1.49 billion.
“In 2024 we continued to build the basis for our long -term growth strategy,” said Mark Widmar, Chief Executive Officer of First Solar. “Even when we have maintained a very selective approach to bookings, we have expanded the production capacity by hiring our Alabama facility and establishing the construction of our new Louisiana facility, the infrastructure that we expect, will accelerate innovation with a new R&D center in Ohio, and a historical volume of Modules.”
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