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First Solar to Ride the High-Tech PV Module Wave With Its CuRe Program
ZACKS· 2025-09-29 15:16
Key Takeaways First Solar launched its CuRe program to enhance PV modules by replacing copper in semiconductors.CuRe modules deliver more energy than crystalline silicon modules, boosting demand potential.Limited commercial production began in 2024, with wider rollout planned from early 2026.Amid increasing global usage of renewable electricity, a notable surge in the demand for high-tech photovoltaic (PV) solar modules has been witnessed lately, backed by rapid advancements in solar cell efficiency, loweri ...
Is Perovskite the Future of Solar Panels? Here's First Solar's Take
ZACKS· 2025-07-08 15:31
Core Insights - Perovskite solar cells are emerging as a viable alternative to traditional silicon panels, offering higher efficiency and lower production costs [1] - First Solar Inc. (FSLR) is actively investing in perovskite technology to enhance its thin-film solar panel offerings [1][10] Company Developments - In 2023, FSLR acquired Swedish perovskite specialist Evolar AB to advance the development and commercialization of high-efficiency thin-film PV technology [2] - FSLR is establishing a perovskite development line at its Perrysburg, OH campus as part of a $370 million R&D initiative focused on next-generation solar technologies [3][10] - As of March 2025, FSLR is continuing its research into perovskite crystals to improve efficiency and stability for commercially scalable products [4] Industry Trends - Perovskite solar cells have seen efficiency improvements from 3% in 2009 to over 26% in 2024 for small-area devices, indicating significant advancements in the technology [5] - JinkoSolar (JKS) is also investing in perovskite technology, achieving a conversion efficiency of 33.84% in its N-type TOPCon-based perovskite tandem solar cell [7] - Canadian Solar (CSIQ) is enhancing its module efficiency through TOPCon technology and may explore perovskite solutions in the future [8] Market Performance - FSLR shares have increased by 36.6% over the past three months, outperforming the industry growth of 35.5% [9] - FSLR's shares are trading at a forward 12-month Price/Earnings ratio of 9.57X, below the industry average of 17.02X, indicating a relative discount [11]