First Solar And Longroad Energy Supercharge Partnership With 2GW Boost, Totaling 8GW Since 2017
Portfolio Pulse from Nabaparna Bhattacharya
First Solar, Inc. (NASDAQ:FSLR) has announced that Longroad Energy will procure an additional 2GW of advanced thin film American solar modules, increasing their total procurement to 8GW since 2017. The order will be delivered between 2027 and 2029. First Solar is also expanding its manufacturing capacity, with plans to have 25GW of global nameplate capacity by 2026. The company's shares are trading higher by 0.79% to $180.79.
September 12, 2023 | 4:23 pm
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POSITIVE IMPACT
First Solar's partnership with Longroad Energy is expanding, with an additional 2GW order. The company is also increasing its manufacturing capacity, which could lead to increased revenues in the future.
The news of the expanded partnership with Longroad Energy and the increase in manufacturing capacity is positive for First Solar. The additional order will likely lead to increased revenues, while the expansion of manufacturing capacity indicates potential for future growth. This could make the company more attractive to investors, leading to a potential increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100