First Solar Inc's Corporate Customers have recorded an advance in their cost of revenue by 7.77 % in the 2 quarter 2026 year on year, sequentially costs of revenue were trimmed by -25.47 %. During the corresponding time, First Solar Inc saw a revenue deteriorated by -3.73 % year on year, sequentially revenue grew by 1.14 %. While revenue at the First Solar Inc 's corporate clients fell by -3.55 % year on year, sequentially revenue fell by -26.35 %.
First Solar Inc's Customers have recorded an advance in their cost of revenue by 7.77 % in the 2 quarter 2026 year on year, sequentially costs of revenue were trimmed by -25.47 %, for the same period First Solar Inc revnue deteriorated by -3.73 % year on year, sequentially revenue grew by 1.14 %.
First Solar Inc's Comment on Sales, Marketing and Customers
With respect to our components business, we sold the majority of our solar modules
(not included in our systems projects) to solar power system project developers,
system integrators, and operators headquartered in Germany, France, Portugal,
India, and the United States, which either resell our solar modules to end-users
or integrate them into solar power plants that they own, operate, or sell. Third-party
module sales represented approximately 12% of our net sales. Additionally, we
develop, design, construct and sell PV solar power systems that use the solar
modules we manufacture.
AES, MidAmerican Renewables, LLC and NextEra Energy individually accounted
for more than 10% of our components segment’s net sales, which includes
the solar modules used in our systems projects. We are investing in sustainable
market development, particularly in areas with abundant solar resources and
sizable electricity demand, and as part of such efforts we are seeking to develop
additional customer relationships in sustainable markets and regions, which
has reduced and is expected to continue to reduce our customer and geographic
concentration and dependence.
First Solar Inc. (NASDAQ: FSLR), a leading provider of advanced thin film solar modules, has announced a significant order from MN8 Energy LLC (MN8) for 457 megawatts (MW) of solar modules. The order includes 170 MW of Series 6 Plus bifacial modules and 287 MW of Series 7 modules, which will power projects in the northeastern and southern United States. This development comes at a time when First Solar s corporate clients have witnessed substantial cost reductions and revenue growth, further solidifying the company s position in the solar energy market.Providing Renewable Energy Solutions:MN8 Energy, formerly known as Goldman Sachs Renewable Power, operates a 3.2 gigawatt (GW) portfolio focused on delivering...
First Solar Inc’s Comment on Sales, Marketing and Customers
With respect to our components business, we sold the majority of our solar modules
(not included in our systems projects) to solar power system project developers,
system integrators, and operators headquartered in Germany, France, Portugal,
India, and the United States, which either resell our solar modules to end-users
or integrate them into solar power plants that they own, operate, or sell. Third-party
module sales represented approximately 12% of our net sales. Additionally, we
develop, design, construct and sell PV solar power systems that use the solar
modules we manufacture.
AES, MidAmerican Renewables, LLC and NextEra Energy individually accounted
for more than 10% of our components segment’s net sales, which includes
the solar modules used in our systems projects. We are investing in sustainable
market development, particularly in areas with abundant solar resources and
sizable electricity demand, and as part of such efforts we are seeking to develop
additional customer relationships in sustainable markets and regions, which
has reduced and is expected to continue to reduce our customer and geographic
concentration and dependence.
Sources:
First Solar Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: First Solar Inc’s corporate clients.
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