On Sunday, October 26, 2025, First Solar announced that it had signed two major tax credit transfer agreements with a leading digital payments company. The agreements unlock hundreds of millions of dollars in advanced manufacturing tax credits, providing the company with immediate liquidity. This move strengthens First Solar’s financial position as it continues to expand its U.S. manufacturing footprint.
The transfer of tax credits is a significant financing event, allowing First Solar to convert future tax credit benefits into cash that can be deployed toward capital expenditures, R&D, and working capital needs. By monetizing these credits, the company reduces its reliance on external debt or equity financing, improving its balance sheet and cash flow profile. The liquidity injection is expected to support the company’s ongoing expansion plans and help maintain its competitive edge in the U.S. solar market.
This transaction is the first of its kind for First Solar in the current fiscal year and is not covered in any of the company’s prior earnings releases or investor communications. The agreements represent a strategic use of the advanced manufacturing tax credit program, which has been a key driver of First Solar’s profitability. Investors view the transaction as a positive development that enhances the company’s ability to fund growth and manage capital requirements.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.