In a groundbreaking achievement, First Solar has become the solar industry's first EPEAT Climate+ Champion, setting a new global standard for ultra-low carbon solar. The company's Series 6 Plus and Series 7 TR1 products have been recognized as the world's first photovoltaic solar modules to achieve the prestigious EPEAT Climate+ designation, establishing a new benchmark for the solar technology and manufacturing industry.
EPEAT, a globally recognized ecolabel, includes independent validation and allows for the easy identification of environmentally preferable products from socially responsible companies. The ecolabel addresses the entire product life cycle, including managing substances in the product, manufacturing energy and water use, product packaging, end-of-life recycling, corporate responsibility, and human rights.
The EPEAT Climate+ designation makes EPEAT the only global ecolabel to address greenhouse gas emissions during the different stages of solar module production. To receive the Climate+ designation, products must meet the ultra-low carbon threshold of ≤400 kg CO₂e/kWp. This designation helps purchasers quickly identify technology products designed and manufactured with climate change mitigation in mind, enabling them to reduce scope 3 emissions of solar installations.
Bob Mitchell, chief executive officer of the Global Electronics Council, emphasized the importance of the EPEAT Climate+ designation, stating, "EPEAT Climate+ helps ensure that purchasers and investors are able to prioritize ultra-low carbon solar technologies that meaningfully support decarbonization efforts. This is a simple, yet effective tool to mitigate lifecycle carbon impacts of solar modules, while enabling a market for responsibly manufactured technologies that embody sustainability."
First Solar's advanced thin film PV modules have already set industry benchmarks for quality, durability, reliability, design, and environmental performance. The company's Series 7 modules boast the lowest carbon and water footprint of any commercially available PV module today. With the addition of the EPEAT Climate+ designation, First Solar further differentiates its technology from the competition.
Samantha Sloan, vice president of Policy, Sustainability, and Marketing at First Solar, emphasized the significance of this achievement, stating, "As we add yet another differentiating factor that separates our technology from the competition, we are reminded that not all solar is created equal and that embodied carbon remains a challenge for the solar industry. With EPEAT Climate+, our customers now benefit from a global standard that allows them to confidently procure solar modules that lower their scope 3 emissions and are responsibly made. We encourage other manufacturers to embrace this global validation standard and contribute to the effort to reinforce our industry's license to operate."
First Solar's Series 6 Plus and Series 7 TR1 modules are now included in a list of nearly 1,500 products produced by leading electronics brands known as EPEAT Climate+ Champions. The company also intends to validate the environmental footprint of its Series 7 FT1 module, which is manufactured in India, with the goal of achieving an EPEAT Climate+ designation.
As a leading American solar technology company and global provider of responsibly produced eco-efficient solar modules, First Solar continues to advance the fight against climate change. The company's approach to technology embodies sustainability and responsibility towards people and the planet, from raw material sourcing and manufacturing through end-of-life module recycling.
NASDAQ: FSLR
Current Price: $215.47
Change: +3.62%
Based on the technical analysis model, First Solar is currently in an uptrend. The stock price has been steadily rising, indicating positive market sentiment following the announcement of the company's achievement of the EPEAT Climate+ designation for its Series 6 Plus and Series 7 TR1 modules. The stock has found support at key levels and has managed to break through resistance points, suggesting further upside potential. The moving averages, particularly the 50-day and 200-day moving averages, are trending upwards, confirming the bullish momentum. The MACD (Moving Average Convergence Divergence) indicator has shown a bullish crossover, with the MACD line crossing above the signal line, indicating a positive trend. Fibonacci retracement levels suggest that the stock has the potential to reach higher levels, with the next resistance level identified at $225.00. The Bollinger Bands have been expanding, indicating increased volatility, which could lead to further price appreciation if the uptrend continues. Overall, the technical analysis suggests a positive outlook for First Solar stock exhibiting strong bullish momentum following the company's groundbreaking achievement of the EPEAT Climate+ designation. This milestone is expected to drive investor interest and support the stock's upward trajectory as First Solar continues to lead the solar industry in sustainability and environmental responsibility.
