First Solar Sees Significant Growth Amid Rising Demand
First Solar (FSLR), the largest thin-film photovoltaic manufacturer, reported a 46% year-over-year increase in earnings per share and an 80% jump in revenue. The Arizona-based company is expanding its manufacturing capacity to release a new 3.7-gigawatt facility in late 2026 to meet surging demand from the global electricity market, expected to grow 50% over the next 25 years according to the National Electrical Manufacturers Association (NEMA).
Elon Musk, CEO of Tesla, predicts that solar energy will soon dominate as the primary energy source, attributing this to its economic viability and scalability. This trend underscores the necessity for large-scale companies to adopt solar solutions as electricity demand accelerates due to factors like the electric vehicle revolution and new technologies.
