First Solar Announces India Production Targets for 2027 and $500 Million Share Buyback
First Solar (FSLR) reported strong third-quarter financial results, highlighted by net sales of approximately $1.2 billion and an expanded gross margin of roughly 58%. The company also delivered an adjusted EBITDA of $744 million, reflecting robust operational performance. Looking toward international expansion, the company outlined plans for its manufacturing presence in India, targeting a finished goods production capacity of 2.2 to 2.6 GW by 2027. Additionally, the board has authorized a $500 million share buyback program, signaling confidence in the company's long-term value and cash flow generation.
Tickers: $FSLR
Topics: earnings report EBITDA gross margin net sales
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