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TEMPE, Ariz.–(BUSINESS WIRE)–First Solar, Inc. (Nasdaq:FSLR) today announced that several of its
officers executed transactions this week in First Solar shares, as
reported to the Securities and Exchange Commission in Form 4 filings.
The Feb. 22-26 trading window is one of four annual open trading windows
for First Solar’s directors and Section 16 officers.

“We continue to execute on our
technology and strategic roadmaps and are making significant progress on
our goal to make photovoltaic solar generation competitive with fossil
fuel sources of electricity.”

Executive Chairman Michael Ahearn sold 1.5 million shares of First Solar
common stock in the open market in furtherance of a personal
diversification plan and continues to own over 1.5 million shares in the
company. Chief Executive Officer Rob Gillette purchased 10,000 shares of
First Solar common stock in the open market with his personal funds, and
Executive Vice President of Marketing and Product Management TK
Kallenbach purchased 1,000 shares in the open market with his personal
funds.

“First Solar’s management team has confidence in the 2010 financial
guidance we gave on Feb. 18 as well as the company’s prospects for
long-term growth,” said Gillette. “We continue to execute on our
technology and strategic roadmaps and are making significant progress on
our goal to make photovoltaic solar generation competitive with fossil
fuel sources of electricity.”

About First Solar, Inc.

First Solar manufactures solar modules with an advanced semiconductor
technology and provides comprehensive photovoltaic (PV) system
solutions. The company is delivering an economically viable alternative
to fossil-fuel generation today. From raw material sourcing through
end-of-life collection and recycling, First Solar is focused on creating
cost-effective, renewable energy solutions that protect and enhance the
environment. For more information about First Solar, please visit http://www.firstsolar.com.

For First Solar Investors:

This release contains forward-looking statements which are made pursuant
to the safe harbor provisions of Section 21E of the Securities Exchange
Act of 1934. The forward-looking statements in this release do not
constitute guarantees of future performance. Those statements involve a
number of factors that could cause actual results to differ materially,
including risks associated with the company’s business involving the
company’s products, their development and distribution, economic and
competitive factors and the company’s key strategic relationships and
other risks detailed in the company’s filings with the Securities and
Exchange Commission. First Solar assumes no obligation to update any
forward-looking information contained in this press release or with
respect to the announcements described herein.