First Solar partners with Everstream for supply chain resilience

SAN MARCOS, Calif. - In an effort to bolster its supply chain resilience and visibility, First Solar (NASDAQ:FSLR), Inc., a leading American photovoltaic (PV) solar technology firm with a market capitalization of $13.7 billion, has enlisted Everstream Analytics for an end-to-end supply chain solution. The company, which maintains a strong financial position with more cash than debt and a healthy current ratio of 2.45, has partnered with Everstream to provide risk insight, mitigation strategies, and supplier data management to address potential geopolitical and weather-related disruptions. According to InvestingPro analysis, First Solar demonstrates good overall financial health with a score of 2.94 out of 5.

First Solar, with its headquarters in Tempe, Arizona, has been a pioneer in the solar manufacturing industry since its inception in 1999. The company, currently trading significantly below its Fair Value, has consistently set benchmarks in supply chain transparency and maintains impressive profitability with a gross margin of 44.2%. The company is now seeking to enhance its risk management capabilities with Everstream’s incident monitoring and risk scoring services.

Mike Koralewski, Chief Supply Chain Officer at First Solar, emphasized the importance of maintaining situational awareness as the solar industry becomes more competitive and critical to power generation. He noted that Everstream’s platform offers real-time insights and risk management tools that are essential for improving the company’s supply chain agility and resilience.

Everstream Analytics offers a comprehensive supply chain risk management platform that utilizes artificial intelligence, advanced analytics, and graph technology to provide companies with detailed visibility of their supply networks. This technology is designed to help businesses like First Solar adapt and thrive in a landscape fraught with escalating supply chain risks due to geopolitical and regional instabilities.

Corey Rhodes, CEO of Everstream Analytics, highlighted the significance of multi-tier supplier network visibility and accurate risk identification. He expressed pride in supporting First Solar’s commitment to exceeding industry standards for supply chain transparency.

This partnership is part of First Solar’s ongoing efforts to mature its supply chain management and ensure that its operations can withstand various disruptions. The collaboration with Everstream is expected to enhance First Solar’s ability to navigate the complex global supply chain environment effectively.

The information for this article is based on a press release statement. First Solar’s financial metrics reveal strong revenue growth of 26.8% in the last twelve months, with analysts forecasting continued sales growth. For deeper insights into First Solar’s financial health and market position, including 15+ additional ProTips and comprehensive analysis, visit InvestingPro.

In other recent news, First Solar has seen several adjustments in its stock price target from major financial institutions. Barclays (LON:BARC) reduced its target to $236, while maintaining an Overweight rating, citing production dynamics and strategic shifts in its Indian, Malaysian, and Vietnamese operations. Mizuho (NYSE:MFG) Securities also lowered its target to $252, maintaining an Outperform rating, and noted that First Solar’s 2025 revenue guidance met expectations, despite some challenges with international production delays. UBS adjusted its target to $285, emphasizing the company’s strong U.S. production ramp-up and competitive advantage in domestic manufacturing, despite some concerns over international demand.

RBC Capital Markets decreased their target to $251, maintaining an Outperform rating, and highlighted challenges impacting First Solar’s gross margins, including logistics charges and operational expenses. BofA Securities reiterated a Buy rating with a target of $236, pointing out First Solar’s technological advancements and strategic U.S. positioning as key competitive advantages. The company’s production capacity is fully committed through 2026, with plans to increase capacity significantly by then.

First Solar’s financial guidance for 2025 has been a focal point, with UBS noting the revenue guidance slightly exceeded consensus expectations. Despite facing temporary obstacles such as project delays and supply imbalances, BofA Securities expressed confidence in First Solar’s growth trajectory, supported by its ability to optimize U.S. production and reallocate international supplies. These recent developments highlight a mixed yet cautiously optimistic outlook from analysts on First Solar’s future performance.

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