First Solar stock surged 6.7% in afternoon trading after announcing a strategic partnership with GameChange Solar. The collaboration aims to deploy domestically manufactured thin-film solar modules in India.
The partnership is based on real-world results. Two utility-scale projects in India using First Solar modules on GameChange Solar tracking systems achieved approximately 99.8% uptime over more than a year.
Strong earnings also support the rally. First Solar reported record net income of $347 million, up 65% year-over-year. Module volumes rose 31% and gross margin expanded to 47%.
The broader market provides a tailwind. The S&P 500 gained 1%, Dow Jones rose 1.3%, and NASDAQ added 1.3%, lifting clean-energy stocks.
First Solar reaffirmed 2026 guidance of $4.9-$5.2 billion in net sales. The company balances US capacity build-out with international expansion.
