First Solar (Nasdaq: FSLR) reported its earnings for the first quarter of 2024, exceeding Wall Street consensus expectations on both revenue and earnings per share. The manufacturer of thin-film cadmium telluride solar panels delivered revenues of $794.11 million, beating Wall Street expectations by about 10%. It also delivered an 8.68% surprise over earnings per capita, landing at $2.20 for the quarter. First Solar also reiterated its full-year 2024 guidance outlook for net sales, gross margin, and volume sold. The company has been buoyed by policy tailwinds including a new antidumping and countervailing duty investigation and increased pricing for AD/CVD suppliers. Year-to-date bookings for First Solar totalled 2.7 GW, with an expected sales backlog of over 78.3 GW.

Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating







