FSLR - First Solar Inc. (FSLR) Q1 2024 Earnings Call Transcript
2024-05-01 20:27:04 ET
First Solar, Inc. (FSLR)
Q1 2024 Results Conference Call
May 1, 2024 04:30 PM ET
Company Participants
Richard Romero - Investor Relations
Mark Widmar - Chief Executive Officer
Alex Bradley - Chief Financial Officer
Conference Call Participants
Mark Strouse - JPMorgan
Andrew Percoco - Morgan Stanley
Philip Shen - ROTH MKM
Brian Lee - Goldman Sachs
Moses Sutton - BNP Paribas
Vikram Bagri - Citi
Kashy Harrison - Piper Sandler
Presentation
Operator
Good afternoon, everyone, and welcome to First Solar's First Quarter 2024 Earnings Call. This call is being webcast live on the Investors section of First Solar's website at investor.firstsolar.com. [Operator Instructions] As a reminder, today's call is being recorded.
I would now like to turn the call over to Richard Romero from First Solar Investor Relations. Richard, you may begin.
Richard Romero
Good afternoon and thank you for joining us. Today, the company issued a press release announcing its first quarter 2024 financial results. A copy of the press release and associated presentation are available on our website at investor.firstsolar.com.
With me today are Mark Widmar, Chief Executive Officer; and Alex Bradley, Chief Financial Officer. Mark will provide business, strategy and policy updates. Alex will discuss our bookings, pipeline, quarterly financial results and provide updated guidance. Following their remarks, we will open the call for questions.
Please note, this call will include forward-looking statements that include risks and uncertainties that could cause actual results to differ materially from management's current expectations. We encourage you to review the safe harbor statements contained in today's press release and presentation for a more complete description.
It is now my pleasure to introduce Mark Widmar, Chief Executive Officer.
Mark Widmar
Good afternoon and thank you for joining us today. We are pleased with our start to 2024 with good operating performance, selective year-to-date bookings of 2.7 gigawatts with an ASP over $0.31 per watt, excluding adjusters or $0.327 per watt assuming the realization of technology adjusters, and solid financial performance.
We're also pleased with the developing foundations to enable our long-term goal of exiting this decade in a stronger position than we entered it. From increasing production of our most advantaged Series 7 module to expanding our manufacturing footprint, to the building of an R&D innovation center and perovskite development line that is expected to enable development of the next generation of disruptive solar technology, we are focused on the future of differentiation and sustainable growth....
First Solar, Inc. (FSLR) Q1 2024 Earnings Call Transcript