First Solar Secures $1 Billion Credit Facility in 2025, Shares Surge Over 4%
In 2025, First Solar has obtained a substantial $1 billion revolving credit facility, fueling investor confidence and driving its stock price upward.
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First Solar (FSLR) experienced a notable surge of more than 4% in early trading on Friday after announcing a secured five-year, $1 billion revolving credit facility.
Highlights:
- First Solar finalized a $1 billion revolving credit agreement spanning five years.
- CEO Mark Widmar emphasized that this financial move supports the company's strategic growth initiatives.
- Following the announcement, shares of First Solar and other solar energy companies saw a positive uptick in early trading sessions.
The credit facility includes up to $250 million allocated for letters of credit issuance, enhancing operational flexibility.
CEO Mark Widmar stated, "This agreement grants First Solar the financial agility and capacity necessary to scale effectively in line with growing demand for our cutting-edge solar technology."
Looking ahead, First Solar plans to commission a 3.4-gigawatt (GWDC) manufacturing plant in India within 2024, inaugurate a 3.5-GWDC factory in Alabama in 2025, and expand its Ohio facility by 0.9 GWDC by 2026.
With this recent boost, First Solar's stock has gained over 27% year-to-date, reflecting strong market confidence.
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