First Solar current backlog at 50.6 GW

First Solar current backlog at 50.6 GW

First Solar’s 50.6 GW Backlog Reflects Strong Demand Amid Strategic Expansion

As of February 2026, First Solar Inc. (FSLR.O) reported a solar module backlog of 50.6 gigawatts (GW), underscoring sustained demand for its products in the U.S. and global markets. This backlog follows the company’s third-quarter 2025 results, which showed net sales of $1.6 billion, exceeding analyst estimates, and a profit of $455.9 million, up from $341.87 million in the prior year.

The backlog is supported by First Solar’s ongoing U.S. expansion, including a new 3.7 GW production facility expected to begin operations by late 2026. This project, part of a broader $300 million investment, aims to reduce import costs and align with U.S. policy incentives like the Inflation Reduction Act. The company’s thin-film technology, which requires less semiconductor material than conventional silicon-based modules, further strengthens its competitive position.

According to economic modeling, the expansion could generate 39,320 U.S. jobs by 2027, with associated GDP contributions rising from $5.8 billion in 2025 to $7.8 billion by 2027. However, the company faces challenges, including policy uncertainties and supply chain risks. First Solar recently adjusted its 2025 sales forecast to $4.95–$5.2 billion, down from $4.9–$5.7 billion, citing reduced international volumes due to customer terminations and geopolitical trade pressures.

Despite these headwinds, First Solar’s backlog remains robust, reflecting strong corporate and government demand for clean energy solutions. The company’s ability to execute its domestic production ramp and navigate regulatory shifts will be critical to sustaining profitability and meeting long-term growth targets.

(https://www.reuters.com/business/energy/first-solar-beats-expectations-third-quarter-sales-robust-demand-2025-10-30/): Reuters, October 30, 2025
(https://www.ainvest.com/news/solar-strategic-bet-assessing-economic-financial-viability-solar-reshoring-2602/): AInvest, February 2026

This article is based on publicly available information and does not constitute investment advice.