First Solar reports strong 2024 growth & outlines 2025 financial outlook

First Solar, Inc., headquartered in the US, has recently released its Q4 and FY2024 financial results. As per the report, net sales for 2024 have increased by 26.7%, reaching $4.2 billion, up from $3.32 billion in 2023. Gross profit for the year grew by 42.8%, reflecting improved margins. In Q4 2024, net sales were $1.51 billion, a 70.5% increase from $887.67 million in Q3. Gross profit for Q4 rose by 27.5%, totaling $567.66 million. The company's 2025 guidance anticipates its Q1 module sales to range between 2.7 GW and 3.0 GW. For the full year, First Solar has forecasted revenue between $5.3 billion and $5.8 billion, with gross margins ranging from $2.45 billion to $2.75 billion.