Performance in 2025 was driven by record module sales of 17.5 GW, representing a 24% year-over-year increase, despite a back-weighted shipment profile and complex policy environment. Management prioritized contract certainty in pricing and delivery as a key differentiator to maintain customer trust amid shifting tariff scenarios and regulatory developments. A disciplined and selective approach to customer contracting resulted in 2.3 GW of new gross bookings, which included 1 GW in the key U.S. utility ...