SEC filings · customer concentration · FSLR

First Solar's major customers

NextEra Energy accounted for 10% of First Solar's revenue in FY 2025.

1major customers now
10%of revenue from them
0listed suppliers depending on it
2016–2026years covered
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Major customers of First Solar

Customers that First Solar named in its annual report as 10% or more of revenue. A missing year means the customer was below that line or not named.

CustomerShare of revenueChange vs prior yearHistoryLatest filing
NextEra EnergyNEE10%newFY 2020: 10%FY 2021: 10%FY 2023: 10%FY 2025: 10%4 yearsFY 2025 · filed 24 Feb 2026

Formerly disclosed

CustomerShare of revenueChange vs prior yearHistoryLatest filing
Clearway Energy GroupCWEN11%last FY 2016FY 2016: 11%1 yearFY 2016 · filed 22 Feb 2019
SB EnergySBE10%last FY 2021FY 2020: 10%FY 2021: 10%2 yearsFY 2021 · filed 1 Mar 2022

About this data

US-listed companies must disclose revenue from any single customer that reaches 10% of their total (ASC 280). ShadowGraph reads these disclosures from the XBRL data of every 10-K and 20-F we scan, keeps one value per fiscal year (restatements replace earlier values) and links each number to its filing. Companies that describe a customer only as "Customer A" are not listed by name. Figures are as reported; nothing here is investment advice.

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