Company Profile For First Solar, Inc.

First Solar, Inc. designs and manufactures solar modules using a thin film semiconductor technology. The Company’s solar modules employ a thin layer of cadmium telluride semiconductor material to convert sunlight into electricity. Each solar module is approximately 2 feet by 4 feet (60 centimeters by 120 centimeters) and had an average rated power of approximately 73 watts, during the fiscal year ended December 27, 2008. Its solar module is a single-junction polycrystalline thin film structure that uses cadmium telluride as the absorption layer and cadmium sulfide as the window layer. The Company’s solar power systems and project development business provides a variety of integrated services to its customers as part of a system solution delivery. These services include solar power system design, procurement of permits and balance of system components, construction management, monitoring and maintenance.

BRIEF: For the nine months ended 26 September 2009, First Solar, Inc. revenues increased 75% to $1.42B. Net income totaled $498.5M, up from $215.6M. Revenues reflect a rise in income due to MW volume of solar modules sold. Net income also reflects improved gross margins due to higher number of megawatts sold, the presence of foreign currency gain vs. a loss, a decrease in production start up cost and increased operating income.