First Solar Enters Material Definitive Agreement

Ticker: FSLR · Form: 8-K · Filed: 2024-12-12T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, filing

Related Tickers: FSLR

TL;DR

FSLR just signed a big deal, filing shows material agreement details.

AI Summary

On December 6, 2024, First Solar, Inc. entered into a material definitive agreement. The filing also includes financial statements and exhibits related to this agreement. The company is incorporated in Delaware and headquartered in Tempe, Arizona.

Why It Matters

This filing indicates a significant new contract or partnership for First Solar, which could impact its future revenue and market position.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new financial obligations or strategic shifts that carry inherent business risks.

Key Numbers

001-33156 — SEC File Number (Identifies the company's filings with the SEC.)
20-4623678 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

FIRST SOLAR, INC. (company) — Registrant
Delaware (jurisdiction) — State of incorporation
Tempe, Arizona (location) — Principal executive offices
December 6, 2024 (date) — Date of earliest event reported

FAQ

What is the nature of the material definitive agreement entered into by First Solar?

The filing indicates the entry into a material definitive agreement but does not specify its nature in the provided text.

When was the earliest event reported in this 8-K filing?

The earliest event reported was on December 6, 2024.

Where are First Solar's principal executive offices located?

First Solar's principal executive offices are located at 350 West Washington Street, Suite 600, Tempe, Arizona 85288.

What is First Solar's SEC file number?

First Solar's SEC file number is 001-33156.

What is the SIC code for First Solar?

The Standard Industrial Classification (SIC) code for First Solar is 3674, Semiconductors & Related Devices.

From the Filing

0001274494-24-000042.txt : 20241212 0001274494-24-000042.hdr.sgml : 20241212 20241211180155 ACCESSION NUMBER: 0001274494-24-000042 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20241206 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241212 DATE AS OF CHANGE: 20241211 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST SOLAR, INC. CENTRAL INDEX KEY: 0001274494 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 204623678 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33156 FILM NUMBER: 241542600 BUSINESS ADDRESS: STREET 1: 350 WEST WASHINGTON STREET STREET 2: SUITE 600 CITY: TEMPE STATE: AZ ZIP: 85288 BUSINESS PHONE: (602) 414-9300 MAIL ADDRESS: STREET 1: 350 WEST WASHINGTON STREET STREET 2: SUITE 600 CITY: TEMPE STATE: AZ ZIP: 85288 FORMER COMPANY: FORMER CONFORMED NAME: FIRST SOLAR HOLDINGS LLC DATE OF NAME CHANGE: 20031229 8-K 1 fslr-20241206.htm FORM 8-K fslr-20241206 0001274494 false 0001274494 2024-12-06 2024-12-06 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 December 6, 2024 Date of Report (Date of earliest event reported) FIRST SOLAR, INC. (Exact name of registrant as specified in its charter) Delaware 001-33156 20-4623678 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 350 West Washington Street, Suite 600 Tempe , Arizona 85288 (Address of principal executive offices, including zip code) ( 602 )  414-9300 (Registrant’s telephone number, including area code) Not applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol(s) Name of each exchange on which registered Common stock, $0.001 par value FSLR The NASDAQ Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 1.01.    Entry into a Material Definitive Agreement On December 6, 2024, First Solar, Inc. (the “Company”) entered into two separate Tax Credit Transfer Agreements with Visa Inc. (the “Purchaser”). Pursuant to the Tax Credit Transfer Agreement (Fixed) (the “Fixed Transfer Agreement”), the Company agreed to sell to the Purchaser $645,000,000 of advanced manufacturing production tax credits (“Tax Credits”) generated by the production of certain module components in the United States and the sale of such components to third parties during 2024 (the “El