First Solar, Inc. (NASDAQ:FSLR) is a leading player in the solar energy sector, known for its focus on developing and manufacturing thin-film photovoltaic (PV) modules. The company is committed to advancing solar technology and has been making significant strides in perovskite technology, which promises higher efficiency and lower production costs compared to traditional silicon solar panels.
On July 8, 2025, UBS maintained a positive outlook on First Solar, recommending a hold on the stock, which was priced at $165.48. This comes amid First Solar's strategic investments in perovskite technology, including a $370 million investment in the Jim Nolan Center for Solar Innovation in Ohio. This facility is dedicated to scaling the production of high-efficiency thin-film solar panels.
In 2023, First Solar acquired Evolar AB, a Swedish company specializing in perovskite technology. This acquisition is part of First Solar's strategy to meet the growing demand for thin-film photovoltaics and to enhance the development of next-generation solar technologies. The move aligns with the company's goal to lead in the innovation and commercialization of cutting-edge solar technologies.
In July 2024, First Solar further demonstrated its commitment to perovskite technology by establishing a development line at its Perry facility. This initiative is part of the company's broader strategy to advance perovskite solar cell technology, which is seen as a promising alternative to traditional solar panels.
Despite these advancements, First Solar's stock has experienced a decrease of approximately 6.54%, with a current price of $165.48. The stock has fluctuated between $165.21 and $172.62 during the trading day, with a market capitalization of approximately $17.75 billion. The trading volume for the day is 4,953,154 shares, reflecting investor interest in the company's future prospects.
