First Solar lowers sales outlook and authorizes a $500 million buyback
First Solar ($FSLR) reduced its 2026 sales forecast to $4.6–4.9 billion from $4.9–5.2 billion, with expected module shipments lowered to 16–17 gigawatts from 17–18.2 gigawatts. Its adjusted EBITDA range moved to $2.55–2.75 billion from $2.6–2.8 billion. The company also cut planned capital expenditure to $600–800 million from $800 million–$1 billion, changing the balance between near-term deliveries and investment. Third-quarter 2026 sales fell 23% to $1.23 billion as module volumes declined, bu
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