First Solar announces licensing agreement with Oxford PV, alleges new TOPCon patent infringements
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First Solar announces licensing agreement with Oxford PV, alleges new TOPCon patent infringements. The U.S. thin-film solar module manufacturer's stock price fell more than 12% in extended trading following the earnings announcement, partly due to lower-than-expected guidance for 2026 sales and revenue. Image: First Solar First Solar reported its financial results for the fourth quarter and full year of 2025 on Tuesday, highlighting $5.2 billion in annual net sales and issuing guidance for 2026. The U.S. solar manufacturer simultaneously announced a patent licensing agreement with Oxford PV to advance its perovskite solar technology development. Importantly, the 2026 guidance was lower than analysts expected, leading to a drop in the price of First Solar's NASDAQ-listed shares of more than 12% in extended trading. On the company's earnings call, CEO Mark Widmar discussed the reasons for lower guidance, which he explained was partially due to the company's strategic underutilization of its Southeast Asian factories. Widmar described the company's strategy as "buying some time to see how these tariffs ultimately get played out." Widmar also revealed that First Solar had filed an action with the U.S. International Trade Commission the day of the call, alleging infringement of its TOPCon patents against ten "foreign-headquartered manufacturers." Financial results and...
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