<HTML>
<HEAD>
<TITLE>S-8</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>As filed with the Securities and Exchange Commission on February&nbsp;21, 2007</B>
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Registration No.&nbsp;333-</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</DIV>


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt; margin-top: 3pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>






<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>Form&nbsp;S-8</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>REGISTRATION STATEMENT<BR>
UNDER<BR>
THE SECURITIES ACT OF 1933</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>FIRST SOLAR, INC.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>Delaware</B></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or other jurisdiction <BR>
of incorporation or organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>20-4623678</B><BR>
(I.R.S. Employer Identification No.)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>4050 East Cotton Center Boulevard<BR>
Building 6, Suite&nbsp;68<BR>
Phoenix, Arizona 85040</B><BR>
(Address of Principal Executive Offices)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>First Solar, Inc. 2006 Omnibus Incentive Compensation Plan</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>First Solar Holdings, LLC 2003 Unit Option Plan</B><BR>
(Full Title of Plans)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Michael J. Ahearn<BR>
Chief Executive Officer<BR>
First Solar, Inc.<BR>
4050 East Cotton Center Boulevard<BR>
Building 6, Suite&nbsp;68<BR>
Phoenix, Arizona 85040<BR>
(602)&nbsp;414-9300</B><BR>
(Name, address and telephone number, including area code, of agent for service)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV align="center">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
<B><I>Copies to:</I></B><BR>
<B>John T. Gaffney, Esq.<BR>
Cravath, Swaine &#038; Moore LLP<BR>
Worldwide Plaza<BR>
825 Eighth Avenue<BR>
New York, New York 10019<BR>
(212)&nbsp;474-1000</B></DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>CALCULATION OF REGISTRATION FEE</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="46%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>

    <TD width="1%">&nbsp;</TD>
</TR><TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="23" style="border-bottom: 3px double #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>Title of</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Amount</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Proposed maximum</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Proposed maximum</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>securities</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>to be</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>offering price per</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>aggregate offering</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Amount of</B></TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>to be registered</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>registered (1)</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>share</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>price</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>registration fee</B></TD>
    <TD width="1%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
                    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Common Stock, par value $0.001 per share</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">4,415,458</TD>
    <TD nowrap style="border-top: 2px solid #000000">(2)</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">42.43</TD>
    <TD nowrap style="border-top: 2px solid #000000">(3)</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">$</TD>

<TD align="right" style="border-top: 2px solid #000000">187,347,883</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">5,751.58</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Common Stock, par value $0.001 per share</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">24,180</TD>
    <TD nowrap style="border-top: 2px solid #000000">(4)</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">32.81</TD>
    <TD nowrap style="border-top: 2px solid #000000">(4)</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">793,346</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">24.36</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Common Stock, par value $0.001 per share</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">41,161</TD>
    <TD nowrap style="border-top: 2px solid #000000">(5)</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">27.78</TD>
    <TD nowrap style="border-top: 2px solid #000000">(5)</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">1,143,453</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">35.10</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Common Stock, par value $0.001 per share</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">30,000</TD>
    <TD nowrap style="border-top: 2px solid #000000">(6)</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">28.59</TD>
    <TD nowrap style="border-top: 2px solid #000000">(6)</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">857,700</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">26.33</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Common Stock, par value $0.001 per share</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">1,357,701</TD>
    <TD nowrap style="border-top: 2px solid #000000">(7)</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">20.00</TD>
    <TD nowrap style="border-top: 2px solid #000000">(7)</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">27,154,020</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">833.63</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Common Stock, par value $0.001 per share</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">315,250</TD>
    <TD nowrap style="border-top: 2px solid #000000">(8)</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">4.54</TD>
    <TD nowrap style="border-top: 2px solid #000000">(8)</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">1,431,235</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">43.94</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Common Stock, par value $0.001 per share</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">1,938,676</TD>
    <TD nowrap style="border-top: 2px solid #000000">(9)</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">4.33</TD>
    <TD nowrap style="border-top: 2px solid #000000">(9)</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">8,394,467</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">257.71</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Common Stock, par value $0.001 per share</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">2,734,181</TD>
    <TD nowrap style="border-top: 2px solid #000000">(10)</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">2.06</TD>
    <TD nowrap style="border-top: 2px solid #000000">(10)</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">5,632,413</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">172.92</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:30px; text-indent:-15px">TOTAL</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">10,856,607</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">&#151;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">232,754,516</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">7,145.56</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="23" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="margin-top: 3pt">

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>Pursuant to Rule&nbsp;416 under the Securities Act of 1933, as amended, this Registration
Statement shall also cover additional shares of Common Stock which may become issuable by reason of
any stock split, stock dividend, recapitalization or other similar transactions effected without
consideration which results in an increase in the number of the Registrant&#146;s shares of outstanding
Common Stock. In addition, this Registration Statement covers the resale by certain Selling
Stockholders named in the Prospectus included in and filed with this Form S-8 of certain of the
shares of Registrant&#146;s Common Stock subject to this Registration Statement, for which no additional
registration fee is required pursuant to Rule&nbsp;457(h)(3).</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>Represents (i)&nbsp;4,366,958 shares of Common Stock previously issued or reserved for future
issuance under the First Solar, Inc. 2006 Omnibus Incentive Compensation Plan (the &#147;2006 Plan&#148;) and
(ii)&nbsp;48,500 shares of Common Stock previously issued under the First Solar Holdings, LLC 2003 Unit
Option Plan (the &#147;2003 Plan&#148;).</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(3)</TD>
    <TD>&nbsp;</TD>
    <TD>Estimated solely for the purpose of determining the registration fee in accordance with Rule
457(h) under the Securities Act of 1933 based on the average of the high and low prices of the
common stock reported on The Nasdaq Global Market on February&nbsp;14, 2007.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(4)</TD>
    <TD>&nbsp;</TD>
    <TD>Represents 24,180 shares of Common Stock subject to options outstanding under the 2006 Plan at a
weighted average exercise price of $32.81 per share.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(5)</TD>
    <TD>&nbsp;</TD>
    <TD>Represents 41,161 shares of Common Stock subject to options outstanding under the 2006 Plan at
a weighted average exercise price of $27.78 per share.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(6)</TD>
    <TD>&nbsp;</TD>
    <TD>Represents 30,000 shares of Common Stock subject to options outstanding under the 2006 Plan at
a weighted average exercise price of $28.59 per share.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(7)</TD>
    <TD>&nbsp;</TD>
    <TD>Represents 1,357,701 shares of Common Stock subject to options outstanding under the 2006 Plan
at a weighted average exercise price of $20.00 per share.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(8)</TD>
    <TD>&nbsp;</TD>
    <TD>Represents 315,250 shares of Common Stock subject to options outstanding under the 2003 Plan at
a weighted average exercise price of $4.54 per share.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(9)</TD>
    <TD>&nbsp;</TD>
    <TD>Represents 1,938,676 shares of Common Stock subject to options outstanding under the 2003 Plan
at a weighted average exercise price of $4.33 per share.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(10)</TD>
    <TD>&nbsp;</TD>
    <TD>Represents 2,734,181 shares of Common Stock subject to options outstanding under the 2003 Plan
at a weighted average exercise price of $2.06 per share.</TD>
</TR>

</TABLE>



<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





</div>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXPLANATORY NOTE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Registration Statement registers shares of common stock, par value $0.001 per share, of
First Solar, Inc. (the &#147;Company&#148;), consisting of (i)&nbsp;shares previously issued, or that will be
issued, upon the exercise of options granted under the First Solar, Inc. 2006 Omnibus Incentive
Compensation Plan (the &#147;2006 Plan&#148;), (ii)&nbsp;shares previously issued, or that will be issued,
pursuant to the 2006 Plan and (iii)&nbsp;shares previously issued, or that will be issued, upon the
exercise of options granted under the First Solar Holdings, LLC 2003 Unit Option Plan (the &#147;2003
Plan&#148;).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Registration Statement contains two parts. The first part contains a &#147;reoffer&#148; prospectus
prepared in accordance with Part&nbsp;I of Form S-3 (in accordance with Instruction C of the General
Instructions to Form S-8). The reoffer prospectus permits reoffers and resales of those shares
referred to above that constitute &#147;restricted securities&#148; or &#147;control securities&#148;, within the
meaning of Form S-8, by certain of the Company&#146;s stockholders, as more fully set forth therein.
The second part contains information required to be set forth in the registration statement
pursuant to Part&nbsp;II of Form S-8. Pursuant to the Note to Part&nbsp;I of Form S-8, the plan information
specified by Part&nbsp;I of Form S-8 is not required to be filed with the Securities and Exchange
Commission (the &#147;Commission&#148;). The Company will provide without charge to any person, upon written
or oral request of such person, a copy of each document incorporated by reference in Item&nbsp;3 of Part
II of this Registration Statement (which documents are incorporated by reference in the reoffer
prospectus as set forth in Form S-8), other than exhibits to such documents that are not
specifically incorporated by reference, the other documents required to be delivered to eligible
employees pursuant to Rule 428(b) under the Securities Act and additional information about the
Plans. Requests should be directed to the Legal Department, First Solar, Inc., 4050 East Cotton
Center Boulevard, Building 6, Suite&nbsp;68, Phoenix, Arizona 85040.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>REOFFER PROSPECTUS</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>FIRST SOLAR, INC.</B>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>2,412,861 Shares of Common Stock<BR>
Acquired or to be Acquired by the Selling Stockholders Under</B>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>FIRST SOLAR, INC. 2006 OMNIBUS INCENTIVE COMPENSATION PLAN</B>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>and</B>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>FIRST SOLAR HOLDINGS, LLC 2003 UNIT OPTION PLAN</B>

</DIV>


</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Prospectus relates to an aggregate of up to 2,412,861 shares (the &#147;Shares&#148;) of
Common Stock, par value $0.001 per share (the &#147;Common Stock&#148;), of First Solar, Inc., a Delaware
corporation (the &#147;Company&#148;), which may be offered and sold from time to time by certain
stockholders of the Company (the &#147;Selling Stockholders&#148;) who have acquired or will acquire such
Shares pursuant to the First Solar, Inc. 2006 Omnibus Incentive Compensation Plan and First Solar
Holdings, LLC 2003 Unit Option Plan (collectively, the &#147;Plans&#148;). See &#147;Selling Stockholders&#148;. This
Prospectus covers the offering for resale of (i)&nbsp;shares acquired by the Selling Stockholders prior
to the filing of a Registration Statement on Form S-8 by the Company (&#147;Restricted Shares&#148;) and (ii)
shares to be acquired by Selling Stockholders who may be deemed affiliates of the Company after the
filing of a Registration Statement on Form S-8 pursuant to options currently held by those Selling
Stockholders (&#147;Control Shares&#148;). The Company&#146;s Common Stock is listed on The Nasdaq Global Market
under the symbol &#147;FSLR&#148;. On February&nbsp;20, 2007, the last reported sales price of the Company&#146;s
Common Stock on The Nasdaq Global Market was $49.21 per share.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company will not receive any of the proceeds from sales of the Shares by any of the
Selling Stockholders. The Shares may be offered from time to time by any or all of the Selling
Stockholders (and their donees and pledgees) through ordinary brokerage transactions, in negotiated
transactions or in other transactions, at such prices as the Selling Stockholder may determine,
which may relate to market prices prevailing at the time of sale or be a negotiated price. See
&#147;Plan of Distribution&#148;. All costs, expenses and fees in connection with the registration of the
Shares will be borne by the Company. Brokerage commissions and similar selling expenses, if any,
attributable to the offer or sale of the Shares will be borne by the Selling Stockholder (or their
donees and pledgees).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Selling Stockholder and any broker executing selling orders on behalf of a Selling
Stockholder may be deemed to be an &#147;underwriter&#148; as defined in the Securities Act of 1933, as
amended (the &#147;Securities Act&#148;). If any broker-dealers are used to effect sales, any commissions
paid to broker-dealers and, if broker-dealers purchase any of the Shares as principals, any profits
received by such broker-dealers on the resale of the Shares, may be deemed to be underwriting
discounts or commissions under the Securities Act. In addition, any profits realized by the Selling
Stockholders may be deemed to be underwriting commissions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE
COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE SECURITIES AND EXCHANGE COMMISSION OR ANY
STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY
REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">The date of this Prospectus is February 20, 2007.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">
<DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 20%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->


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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left">
<!-- TOC -->
</DIV>
<DIV align="left">
<A name="tocpage"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>TABLE OF CONTENTS</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Page</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#101"> <B>WHERE YOU CAN FIND MORE INFORMATION</B></A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#102"> <B>INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE</B></A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#103"> <B>USE OF PROCEEDS</B></A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#104"> <B>SELLING STOCKHOLDERS</B></A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#105"> <B>PLAN OF DISTRIBUTION</B></A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#106"> <B>LEGAL MATTERS</B></A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#107"> <B>EXPERTS</B></A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="y30544exv5w1.htm">EX-5.1: OPINION OF CRAVATH, SWAINE & MOORE LLP</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="y30544exv23w1.htm">EX-23.1: CONSENT OF PRICEWATERHOUSECOOPERS LLP</A></FONT></TD></TR>
</TABLE>
</DIV>

<DIV align="left">
<!-- /TOC -->
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No person is authorized to give any information or represent anything not contained or
incorporated by reference in this Prospectus or any prospectus supplement. This Prospectus and any
prospectus supplement do not constitute an offer to sell or a solicitation of any offer to buy any
securities in any jurisdiction to any person to whom it is unlawful to make such offer or
solicitation in such jurisdiction. The information contained in this Prospectus or any prospectus
supplement, as well as information incorporated by reference, is current only as of the date of
that information. Our business, financial condition and results of operations may have changed
since that date.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->i<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left">
<A name="101"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>WHERE YOU CAN FIND MORE INFORMATION</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company is subject to the information requirements of the Securities Exchange Act of 1934,
as amended (the &#147;Exchange Act&#148;), and, in accordance therewith, files reports, proxy statements and
other information with the Securities and Exchange Commission (the &#147;Commission&#148;). The reports,
proxy statements and other information filed by the Company with the Commission can be inspected
and copied at the Public Reference Room of the Commission at 100 F Street, N.E., Washington, D.C.
20549. Copies of such material also may be obtained by mail from the Public Reference Room of the
Commission, 100 F Street, N.E., Washington, D.C. 20549, at prescribed rates. Information regarding
the operation of the Public Reference Room may be obtained by calling the Commission at
1-800-SEC-0330. Additionally, the Commission maintains an Internet site that contains reports,
proxy and information statements and other information regarding registrants that file
electronically with the Commission and that is located at http://www.sec.gov.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Prospectus constitutes part of a Registration Statement on Form S-8 filed on the date
hereof (herein, together with all amendments and exhibits, referred to as the &#147;Registration
Statement&#148;) by the Company with the Commission under the Securities Act. This Prospectus does not
contain all of the information set forth in the Registration Statement, certain parts of which are
omitted in accordance with the rules and regulations of the Commission. For further information
with respect to the Company and the Common Stock, reference is hereby made to the Registration
Statement. Statements contained herein concerning the provisions of any contract, agreement or
other document are not necessarily complete, and in each instance reference is made to the copy of
such contract, agreement or other document filed as an exhibit to the Registration Statement or
otherwise filed with the Commission. Each such statement is qualified in its entirety by such
reference. Copies of the Registration Statement together with exhibits may be inspected at the
offices of the Commission as indicated above without charge and copies thereof may be obtained
therefrom upon payment of a prescribed fee.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->1<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left">
<A name="102"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents of the Company heretofore filed with the Commission are hereby
incorporated in this Prospectus by reference:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company&#146;s Prospectus, dated November&nbsp;16, 2006, filed pursuant to Rule
424(b) under the Securities Act on November&nbsp;20, 2006 (and which relates to the
Company&#146;s Registration Statement on Form S-1 (Registration 333-135574) filed by the
Company with the Commission on June&nbsp;30, 2006, as amended), in which there is set forth
audited financial statements as of December&nbsp;31, 2005 and December&nbsp;25, 2004 and for the
years ended December&nbsp;31, 2005, December&nbsp;25, 2004 and December&nbsp;27, 2003;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company&#146;s Current Reports on Form 8-K filed December&nbsp;22, 2006, January&nbsp;16,
2007 and January&nbsp;31, 2007; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The description of the Common Stock in the Company&#146;s Registration Statement on
Form 8-A filed November&nbsp;15, 2006 (Registration No.&nbsp;001-33156), together with any
amendment thereto filed with the Commission for the purpose of updating such
description.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All reports and other documents subsequently filed by the Company pursuant to Section&nbsp;13(a),
13(c), 14 or 15(d) of the Exchange Act prior to the filing of a post-effective amendment to the
registration statement of which this Prospectus forms a part which indicates that all securities
offered have been sold or which deregisters all securities then remaining unsold shall be deemed to
be incorporated by reference in this Prospectus and to be a part hereof from their respective dates
of filing.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any statement contained herein or in a document incorporated or deemed to be incorporated by
reference herein shall be deemed to be modified or superseded for purposes of this Prospectus to
the extent that a statement contained herein or in any other subsequently filed document which also
is or is deemed to be incorporated by reference herein modifies or supersedes such earlier
statement. Any statement so modified or superseded shall not be deemed, except as so modified or
superseded, to constitute a part of this Prospectus.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information relating to the Company contained in this Prospectus should be read together
with the information in the documents incorporated by reference.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company hereby undertakes to provide without charge to each person to whom a copy of this
Prospectus has been delivered, upon the written or oral request of any such person, a copy of any
and all of the documents referred to above which have been or may be incorporated in this
Prospectus by reference, other than exhibits to such documents which are not specifically
incorporated by reference into such documents. Requests for such copies should be directed to the
Legal Department, First Solar, Inc., 4050 East Cotton Center Boulevard, Building 6, Suite&nbsp;68,
Phoenix, Arizona 85040, (602)&nbsp;414-9300.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left">
<A name="103"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>USE OF PROCEEDS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company will not receive any proceeds from the sale of the Shares by the Selling
Stockholders.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left">
<A name="104"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SELLING STOCKHOLDERS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Prospectus relates to Shares that are being registered for reoffers and resales by
Selling Stockholders who have acquired (or, in some cases, may acquire) Shares pursuant to any of
the Plans. Non-affiliates holding less than 1,000 Restricted Shares issued under any of the Plans
and who are not named below may use this Prospectus for the offer or sale of those Shares.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Beneficial ownership is determined in accordance with the rules of the Commission, is based
upon 72,333,836 shares outstanding as of the date of this Prospectus, and generally includes voting
or investment power with respect to securities. Options to purchase shares of common stock that are
currently exercisable or exercisable within 60&nbsp;days of the date of this Prospectus are deemed to be
outstanding and to be beneficially owned by the person holding such options for the purpose of
computing the percentage ownership of such person but are not treated as outstanding for the
purpose of computing the percentage ownership of any other person. Shares of restricted stock,
whether vested or unvested, are deemed to be outstanding and to be beneficially owned by the person
holding such restricted stock for the purpose of computing the percentage ownership of such person
and are treated as outstanding for the purpose of computing the percentage ownership of each other
person. After the resale of all Shares that may be so offered for resale pursuant to this
Prospectus, and assuming no other changes in beneficial ownership of the Company&#146;s Common Stock
after the date of this Prospectus, each Selling Stockholder would own less than 1% of the Company&#146;s
Common Stock.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The inclusion in the table of the individuals named therein shall not be deemed to be an
admission that any such individuals are &#147;affiliates&#148; of the Company.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="23%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Restricted Shares</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Number of Control</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Beneficially Owned</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Shares Beneficially</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Offered for Resale</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Shares Offered for</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>After the Resale</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Selling Stockholder</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Position (1)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Owned</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>(2)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Resale (3)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>(4)</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">George A. (&#147;Chip&#148;)
Hambro
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Chief Operating<BR>
Officer
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">960,300</TD>
    <TD nowrap valign="top">(5)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">960,300</TD>
    <TD nowrap valign="top">(5)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">Jens Meyerhoff
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Chief Financial<BR>
Officer
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">5,000</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">187,501</TD>
    <TD nowrap valign="top">(6)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">5,000</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">Kenneth M. Schultz
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Vice President,
Sales and Marketing
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">911,800</TD>
    <TD nowrap valign="top">(7)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">911,800</TD>
    <TD nowrap valign="top">(7)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">I. Paul Kacir
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Vice President,<BR>
General Counsel
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1,500</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">82,450</TD>
    <TD nowrap valign="top">(8)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1,500</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">James F. Nolan
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">73,050</TD>
    <TD nowrap valign="top">(9)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">72,750</TD>
    <TD nowrap valign="top">(9)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">300</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">J. Thomas Presby
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1,562</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1,562</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">Bruce Sohn
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">103,641</TD>
    <TD nowrap valign="top">(10)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">25,291</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">72,750</TD>
    <TD nowrap valign="top">(10)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">5,600</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">Paul H. Stebbins
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">416</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">416</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">Michael Sweeney
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">98,041</TD>
    <TD nowrap valign="top">(11)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">25,291</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">72,750</TD>
    <TD nowrap valign="top">(11)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>All Selling Stockholders are employees and/or directors of the Company. The positions of
officers and directors are specifically described.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes (i)&nbsp;shares previously issued upon exercise of options granted under the Plans and
(ii)&nbsp;shares of restricted stock previously granted under the Plans.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(3)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes shares subject to vested and unvested options issued under the Plans.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(4)</TD>
    <TD>&nbsp;</TD>
    <TD>Assumes that all Shares offered for resale pursuant to this Prospectus are sold.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(5)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes 960,300 shares of common stock issuable upon the exercise of stock options.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(6)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes 187,501 shares of common stock issuable upon the exercise of stock options.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(7)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes 911,800 shares of common stock issuable upon the exercise of stock options.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(8)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes 82,450 shares of common stock issuable upon the exercise of stock options.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(9)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes 72,750 shares of common stock issuable upon the exercise of stock options.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(10)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes 72,750 shares of common stock issuable upon the exercise of stock options.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(11)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes 72,750 shares of common stock issuable upon the exercise of stock options.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">





<DIV align="left">
<A name="105"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PLAN OF DISTRIBUTION</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The purpose of the Prospectus is to permit the Selling Stockholders, if they desire, to offer
for sale and sell the Shares they acquired (or, in some cases, may acquire) pursuant to the Plans
at such times and at such places as the Selling Stockholders choose.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The decision to exercise options for Shares, or to sell any Shares, is within the discretion
of the holders thereof, subject generally to the Company&#146;s policies affecting the timing and manner
of sale of Common Stock by certain individuals, certain volume limitations set forth in Rule 144(e)
of the Securities Act and lock-up agreements entered into in connection with the Company&#146;s initial
public offering. There can be no assurance that any of the options will be exercised or any Shares
will be sold by the Selling Stockholders.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Selling Stockholders have advised the Company that sales of Shares may be effected from
time to time in one or more types of transactions (which may include block transactions) on The
Nasdaq Global Market, in the over-the-counter market, in negotiated transactions, through the
writing of options on the Shares, through settlement of short sales of Shares, or a combination of
such methods of sale, at market prices prevailing at the time of sale, at fixed prices (which may
be changed) or at negotiated prices. Such transactions may or may not involve brokers or dealers.
The Selling Stockholders have advised the Company that they have not entered into any agreements,
understandings or arrangements with any underwriters or broker-dealers regarding the sale of their
Shares, nor is there an underwriter or coordinating broker acting in connection with the proposed
sale of the Shares by the Selling Stockholders.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Selling Stockholders may effect such transactions by selling Shares directly to purchasers
or to or through broker-dealers, which may act as agents or principals. Such broker-dealers may
receive compensation in the form of discounts, concessions, or commissions from the Selling
Stockholders and/or the purchasers of Shares for whom such broker-dealers may act as agents or to
whom they sell as principal, or both (which compensation as to a particular broker-dealer might be
in excess of customary commissions).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Selling Stockholders and any broker-dealers that act in connection with the sale of Shares
might be deemed to be &#147;underwriters&#148; within the meaning of Section&nbsp;2(11) of the Securities Act, and
any commissions received by such broker-dealers and any profit on the resale of the Shares sold by
them while acting as principals might be deemed to be underwriting discounts or commissions under
the Securities Act. The Selling Stockholders may agree to indemnify any agent, dealer or
broker-dealer that participates in transactions involving sales of the Shares against certain
liabilities, including liabilities arising under the Securities Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Because the Selling Stockholders may be deemed to be &#147;underwriters&#148; within the meaning of
Section&nbsp;2(11) of the Securities Act, the Selling Stockholders will be subject to the prospectus
delivery requirements of the Securities Act, which may include delivery through the facilities of
the The Nasdaq Global Market pursuant to Rule&nbsp;153 under the Securities Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company has informed the Selling Stockholders that the anti-manipulative provisions of
Regulation&nbsp;M promulgated under the Exchange Act may apply to their sales in the market.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Selling Stockholders also may resell all or a portion of the Shares in open market
transactions in reliance upon Rule&nbsp;144 under the Securities Act, provided they meet the criteria
and conform to the requirements of such Rule.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->5<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left">
<A name="106"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>LEGAL MATTERS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The validity of the common stock being offered hereby has been passed upon for First Solar,
Inc. by Cravath, Swaine &#038; Moore LLP, New York, New York.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->6<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left">
<A name="107"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXPERTS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our consolidated financial statements as of December&nbsp;31, 2005 and December&nbsp;25, 2004 and for
the years ended December&nbsp;31, 2005, December&nbsp;25, 2004 and December&nbsp;27, 2003, incorporated by
reference in this prospectus and the related financial statement schedule incorporated by reference
in this prospectus have been audited by PricewaterhouseCoopers LLP, independent registered public
accounting firm, as stated in their reports incorporated by reference herein, and are included in
reliance upon the reports of such firm given upon their authority as experts in accounting and
auditing. The foregoing financial statements have been incorporated by reference herein in
reliance upon such reports given on the authority of such firm as experts in accounting and
auditing.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->7<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NO DEALER, SALESMAN OR ANY OTHER PERSON HAS BEEN AUTHORIZED TO GIVE ANY INFORMATION OR TO
MAKE ANY REPRESENTATIONS OTHER THAN THOSE CONTAINED IN THIS PROSPECTUS, AND, IF GIVEN OR MADE, SUCH
INFORMATION OR REPRESENTATIONS MUST NOT BE RELIED UPON AS HAVING BEEN AUTHORIZED BY THE COMPANY OR
ANY SELLING STOCKHOLDER. NEITHER THE DELIVERY OF THIS PROSPECTUS NOR ANY SALE MADE HEREUNDER SHALL,
UNDER ANY CIRCUMSTANCES, IMPLY THAT THERE HAS BEEN NO CHANGE IN THE AFFAIRS OF THE COMPANY OR THAT
THE INFORMATION HEREIN IS CORRECT AS OF ANY TIME SUBSEQUENT TO THE DATE AS OF WHICH SUCH
INFORMATION IS GIVEN. THIS PROSPECTUS DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF
ANY OFFER TO BUY ANY OF THE SECURITIES OFFERED HEREBY TO ANYONE IN ANY JURISDICTION IN WHICH SUCH
OFFER OR SOLICITATION IS NOT AUTHORIZED OR IN WHICH THE PERSON MAKING SUCH OFFER OR SOLICITATION IS
NOT QUALIFIED TO DO SO OR TO ANYONE TO WHOM IT IS UNLAWFUL TO MAKE SUCH OFFER OR SOLICITATION.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">2,412,861 SHARES
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><B>FIRST SOLAR, INC.</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt">COMMON STOCK<BR>
PROSPECTUS
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt">February&nbsp;20, 2007
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART I</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><B>INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;1. Plan Information</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All information required by Part&nbsp;I to be contained in the Section 10(a) prospectus is omitted
from this Registration Statement in accordance with Rule&nbsp;428 under the Securities Act of 1933, as
amended (the &#147;Securities Act&#148;), and the Note to Part&nbsp;I of Form S-8.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;2. Registrant Information and Employee Plan Annual Information</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All information required by Part&nbsp;I to be contained in the Section 10(a) prospectus is omitted from
this Registration Statement in accordance with Rule&nbsp;428 under the Securities Act and the Note to
Part&nbsp;I of Form S-8.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Part II</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;3. Incorporation of Documents by Reference.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents previously filed with the Securities and Exchange Commission (the
&#147;Commission&#148;) by First Solar, Inc. (the &#147;Corporation&#148;) are incorporated by reference herein and
shall be deemed a part hereof: (1)&nbsp;the Corporation&#146;s Prospectus, dated November&nbsp;16, 2006, filed
pursuant to Rule 424(b) under the Securities Act on November&nbsp;20, 2006 (and which relates to the
Corporation&#146;s Registration Statement on Form S-1 (Registration 333-135574) filed by the Corporation
with the Commission on June&nbsp;30, 2006, as amended), (2)&nbsp;the Company&#146;s Current Reports on Form 8-K
filed December&nbsp;22, 2006, January&nbsp;16, 2007 and January&nbsp;31, 2007 and (3)&nbsp;the description of the
Common Stock in the Corporation&#146;s Registration Statement on Form 8-A filed November&nbsp;15, 2006
(Registration No.&nbsp;001-33156), together with any amendment thereto filed with the Commission for the
purpose of updating such description
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents filed by the Corporation pursuant to Sections&nbsp;13(a), 13(c), 14 and 15(d) of the
Exchange Act, after the date hereof and prior to the filing of a post-effective amendment which
indicates that all securities offered have been sold or which deregisters all securities then
remaining unsold, shall be deemed to be incorporated by reference herein and to be a part hereof
from the date of filing of such documents.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any statement contained in a document incorporated or deemed to be incorporated by reference
herein shall be deemed to be modified or superseded for purposes of this Registration Statement to
the extent that a statement contained herein or in any other subsequently filed document which also
is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any
such statement so modified or superseded shall not be deemed, except as so modified or superseded,
to constitute a part of this Registration Statement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;4. Description of Securities.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;5. Interests of Named Experts and Counsel.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;None.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;6. Indemnification of Directors and Officers.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;145(a) of the Delaware General Corporation Law (the &#147;DGCL&#148;) provides in relevant part
that a corporation may indemnify any officer or director who was or is a party or is threatened to
be made a party to any threatened, pending or completed action, suit or proceeding (other than an
action by or in the right of the corporation) by reason of the fact that such person is or was a
director or officer of the corporation, or is or was serving at the request of the corporation as a
director or officer of another entity, against expenses (including attorneys&#146; fees), judgments,
fines and amounts paid in settlement actually and reasonably incurred by such person in connection
with such action, suit or proceeding if such person acted in good faith and in a manner such person
reasonably believed to be in or not opposed to the best interests of the corporation, and, with
respect to any criminal action or proceeding, had no reasonable cause to believe such person&#146;s
conduct was unlawful.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;145(b) of the DGCL provides in relevant part that a corporation may indemnify any
person who was or is a party or is threatened to be made a party to any threatened, pending or
completed action or suit by or in the right of the corporation to procure a judgment in its favor
by reason of the fact that the person is or was a director, officer, employee or agent of the
corporation, or is or was serving at the request of the corporation as a director, officer,
employee or agent of another corporation, partnership, joint venture, trust or other enterprise
against expenses (including attorneys&#146; fees) actually and reasonably incurred by the person in
connection with the defense or settlement of such action or suit if the person acted in good faith
and in a manner the person reasonably believed to be in or not opposed to the best interests of the
corporation and except that no indemnification shall be made in respect of any claim, issue or
matter as to which such person shall have been adjudged to be liable to the corporation unless and
only to the extent that the Court of Chancery or the court in which such action or suit was brought
shall determine upon application that, despite the adjudication of liability but in view of all the
circumstances of the case, such person is fairly and reasonably entitled to indemnity for such
expenses which the Court of Chancery or such other court shall deem proper.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Corporation&#146;s bylaws generally provide that the Corporation will indemnify its directors
and officers to the fullest extent permitted by law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Corporation also maintains officers&#146; and directors&#146; liability insurance which insures
against liabilities that its officers and directors may, in such capacities, incur. Section 145(g)
of the DGCL provides that a corporation shall have power to purchase and maintain insurance on
behalf of any person who is or was a director, officer, employee or agent of the corporation, or is
or was serving at the request of the corporation as a director, officer, employee or agent of
another corporation, partnership, joint venture, trust or other enterprise against any liability
asserted against such person and incurred by such person in any such capacity, or arising out of
such person&#146;s status as such, whether or not the corporation would have the power to indemnify such
person against such liability under that section.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;7. Exemption from Registration Claimed.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The shares of Common Stock which may be sold pursuant to the reoffer prospectus for the
respective accounts of the Selling Stockholders issued to the Selling Stockholders under the 2006
Plan and 2003 Plan were issued by the Company in reliance upon the available exemptions from the
registration requirements of the Securities Act, including those contained in Rule&nbsp;701 promulgated
under Section&nbsp;3(b), which relates to exemptions for offers and sales of securities pursuant to
certain compensatory benefit plans.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;8. Exhibits.</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="93">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit Number</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amended and Restated Certificate of Incorporation of First
Solar, Inc. (incorporated by reference to Exhibit&nbsp;No.&nbsp;3.1 of
the Registration Statement of First Solar, Inc., Registration
No.&nbsp;333-135574)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Bylaws of First Solar, Inc. (incorporated by reference to
Exhibit&nbsp;No.&nbsp;3.2 of the Registration Statement of First Solar,
Inc., Registration No.&nbsp;333-135574)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Registration Rights Agreement dated February&nbsp;22, 2005, between
First Solar, Inc. and Goldman, Sachs &#038; Co. (incorporated by
reference to Exhibit&nbsp;No.&nbsp;4.10 of the Registration Statement of
First Solar, Inc., Registration No.&nbsp;333-135574)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="93">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit Number</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Registration Rights Agreement between First Solar,
Inc., JWMA Partners, LLC, the Estate of John T. Walton, JCL
Holdings, LLC and Michael J. Ahearn (incorporated by reference
to Exhibit&nbsp;No.&nbsp;4.17 of the Registration Statement of First
Solar, Inc., Registration No.&nbsp;333-135574)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Cravath, Swaine &#038; Moore LLP</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of PricewaterhouseCoopers LLP</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Cravath, Swaine &#038; Moore LLP (included in Exhibit&nbsp;5.1)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Powers of Attorney (included as part of the signature page to
this Registration Statement)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9. Undertakings.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The undersigned registrant hereby undertakes:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) To file, during any period in which offers or sales are being made, a
post-effective amendment to this Registration Statement:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) to include any prospectus required by Section&nbsp;10(a)(3) of the Securities
Act;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) to reflect in the prospectus any facts or events arising after the
effective date of the Registration Statement (or the most recent post-effective
amendment hereof) which, individually or in the aggregate, represent a fundamental
change in the information set forth in this Registration Statement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) to include any material information with respect to the plan of
distribution not previously disclosed in the Registration Statement or any material
change to such information in the Registration Statement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) That, for the purpose of determining any liability under the Securities Act, each
such post-effective amendment shall be deemed to be a new registration statement relating to
the securities offered therein, and the offering of such securities at that time shall be
deemed to be the initial bona fide offering thereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) To remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the offering.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The undersigned registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act, each filing of the registrant&#146;s annual report pursuant to
Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an
employee benefit plan&#146;s annual report pursuant to Section 15(d) of the Exchange Act) that is
incorporated by reference in this Registration Statement shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such securities at that
time shall be deemed to be the initial bona fide offering thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Insofar as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers and controlling persons of the registrant pursuant to the
foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the
Commission such indemnification is against public policy as expressed in the Securities Act and is,
therefore, unenforceable. In the event that a
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">claim for indemnification against such liabilities
(other than the payment by the registrant of expenses
incurred or paid by a director, officer or controlling person of the registrant in the
successful defense of any action, suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being registered, the registrant will, unless
in the opinion of its counsel the matter has been settled by controlling precedent, submit to a
court of appropriate jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Securities Act and will be governed by the final adjudication of such
issue.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant has
duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in Phoenix in the State of Arizona, on the 21st day of February, 2007.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">First Solar, Inc.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Jens Meyerhoff
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Jens Meyerhoff&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Chief Financial Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We, the undersigned directors and officers of First Solar, Inc., do hereby constitute and
appoint Michael J. Ahearn, Jens Meyerhoff and I. Paul Kacir, or any of them, our true and lawful
attorneys and agents, with full power of substitution, to do any and all acts and things in our
name and on our behalf in our capacities as directors and officers and to execute any and all
instruments for us and in our names in the capacities indicated below, which said attorneys and
agents, or any of them, may deem necessary or advisable to enable the Registrant to comply with the
Securities Act of 1933 and any rules, regulations and requirements of the Securities and Exchange
Commission, in connection with this Registration Statement, including specifically, but without
limitation, power and authority to sign for us or any of us in our names in the capacities
indicated below, any and all amendments (including post-effective amendments) hereto and we do
hereby ratify and confirm all that said attorneys and agents, or any of them, shall do or cause to
be done by virtue hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has
been signed below by the following persons in the capacities
indicated on February&nbsp;21, 2007.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="14%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Title</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Date</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Michael J. Ahearn
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Michael J. Ahearn
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">President, Chief Executive<BR>
Officer and Director<BR>
(Principal Executive Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">February&nbsp;21, 2007</TD>
</TR>
<tr><td>&nbsp;</td></tr>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Jens Meyerhoff
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Jens Meyerhoff
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Chief Financial Officer<BR>
(Principal Financial and<BR>
Principal Accounting Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">February&nbsp;21, 2007</TD>
</TR>
<TR valign="bottom">
<tr><td>&nbsp;</td></tr>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ James F. Nolan
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
James F. Nolan
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">February&nbsp;21, 2007</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ J. Thomas Presby
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
J. Thomas Presby
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">February&nbsp;21, 2007</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Paul H. Stebbins
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Paul H. Stebbins
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">February&nbsp;21, 2007</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Michael Sweeney
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Michael Sweeney
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">February&nbsp;21, 2007</TD>
</TR>
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</DIV>



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</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT INDEX</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="93">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit Number</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amended and Restated Certificate of Incorporation of First Solar, Inc. (incorporated by
reference to Exhibit&nbsp;No.&nbsp;3.1 of the Registration Statement of First Solar, Inc.,
Registration No.&nbsp;333-135574)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Bylaws of First Solar, Inc. (incorporated by reference to Exhibit&nbsp;No.&nbsp;3.2 of the
Registration Statement of First Solar, Inc., Registration No.&nbsp;333-135574)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Registration Rights Agreement dated February&nbsp;22, 2005, between First Solar, Inc. and
Goldman, Sachs &#038; Co. (incorporated by reference to Exhibit&nbsp;No.&nbsp;4.10 of the Registration
Statement of First Solar, Inc., Registration No.&nbsp;333-135574)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Registration Rights Agreement between First Solar, Inc., JWMA Partners, LLC, the
Estate of John T. Walton, JCL Holdings, LLC and Michael J. Ahearn (incorporated by
reference to Exhibit&nbsp;No.&nbsp;4.17 of the Registration Statement of First Solar, Inc.,
Registration No.&nbsp;333-135574)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Cravath, Swaine &#038; Moore LLP</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of PricewaterhouseCoopers LLP</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Cravath, Swaine &#038; Moore LLP (included in Exhibit&nbsp;5.1)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Powers of Attorney (included as part of the signature page to this Registration Statement)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
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</BODY>
</HTML>
[{"type": "S-8", "sequence": "1", "filename": "y30544sv8.htm", "description": "FORM S-8", "secsgml_size_bytes": 105346}]
{"company-data": {"conformed-name": "FIRST SOLAR, INC.", "cik": "0001274494", "assigned-sic": "3674", "irs-number": "204623678", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-140807", "film-number": "07637102"}, "business-address": {"street1": "4050 EAST COTTON CENTER BLVD", "street2": "BUILDING 6, SUITE 68", "city": "PHOENIX", "state": "AZ", "zip": "85040", "phone": "(602) 414-9300"}, "mail-address": {"street1": "4050 EAST COTTON CENTER BLVD", "street2": "BUILDING 6, SUITE 68", "city": "PHOENIX", "state": "AZ", "zip": "85040"}, "former-company": {"former-conformed-name": "FIRST SOLAR HOLDINGS LLC", "date-changed": "20031229"}}
S-8
Table of Contents
As filed with the Securities and Exchange Commission on February 21, 2007
Registration No. 333-
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
FIRST SOLAR, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction
of incorporation or organization)
20-4623678
(I.R.S. Employer Identification No.)
4050 East Cotton Center Boulevard
Building 6, Suite 68
Phoenix, Arizona 85040
(Address of Principal Executive Offices)
First Solar, Inc. 2006 Omnibus Incentive Compensation Plan
First Solar Holdings, LLC 2003 Unit Option Plan
(Full Title of Plans)
Michael J. Ahearn
Chief Executive Officer
First Solar, Inc.
4050 East Cotton Center Boulevard
Building 6, Suite 68
Phoenix, Arizona 85040
(602) 414-9300
(Name, address and telephone number, including area code, of agent for service)
Copies to:
John T. Gaffney, Esq.
Cravath, Swaine & Moore LLP
Worldwide Plaza
825 Eighth Avenue
New York, New York 10019
(212) 474-1000
CALCULATION OF REGISTRATION FEE
Title of
Amount
Proposed maximum
Proposed maximum
securities
to be
offering price per
aggregate offering
Amount of
to be registered
registered (1)
share
price
registration fee
Common Stock, par value $0.001 per share
4,415,458
(2)
$
42.43
(3)
$
187,347,883
$
5,751.58
Common Stock, par value $0.001 per share
24,180
(4)
$
32.81
(4)
$
793,346
$
24.36
Common Stock, par value $0.001 per share
41,161
(5)
$
27.78
(5)
$
1,143,453
$
35.10
Common Stock, par value $0.001 per share
30,000
(6)
$
28.59
(6)
$
857,700
$
26.33
Common Stock, par value $0.001 per share
1,357,701
(7)
$
20.00
(7)
$
27,154,020
$
833.63
Common Stock, par value $0.001 per share
315,250
(8)
$
4.54
(8)
$
1,431,235
$
43.94
Common Stock, par value $0.001 per share
1,938,676
(9)
$
4.33
(9)
$
8,394,467
$
257.71
Common Stock, par value $0.001 per share
2,734,181
(10)
$
2.06
(10)
$
5,632,413
$
172.92
TOTAL
10,856,607
—
$
232,754,516
$
7,145.56
(1)
Pursuant to Rule 416 under the Securities Act of 1933, as amended, this Registration
Statement shall also cover additional shares of Common Stock which may become issuable by reason of
any stock split, stock dividend, recapitalization or other similar transactions effected without
consideration which results in an increase in the number of the Registrant's shares of outstanding
Common Stock. In addition, this Registration Statement covers the resale by certain Selling
Stockholders named in the Prospectus included in and filed with this Form S-8 of certain of the
shares of Registrant's Common Stock subject to this Registration Statement, for which no additional
registration fee is required pursuant to Rule 457(h)(3).
(2)
Represents (i) 4,366,958 shares of Common Stock previously issued or reserved for future
issuance under the First Solar, Inc. 2006 Omnibus Incentive Compensation Plan (the "2006 Plan") and
(ii) 48,500 shares of Common Stock previously issued under the First Solar Holdings, LLC 2003 Unit
Option Plan (the "2003 Plan").
(3)
Estimated solely for the purpose of determining the registration fee in accordance with Rule
457(h) under the Securities Act of 1933 based on the average of the high and low prices of the
common stock reported on The Nasdaq Global Market on February 14, 2007.
(4)
Represents 24,180 shares of Common Stock subject to options outstanding under the 2006 Plan at a
weighted average exercise price of $32.81 per share.
(5)
Represents 41,161 shares of Common Stock subject to options outstanding under the 2006 Plan at
a weighted average exercise price of $27.78 per share.
(6)
Represents 30,000 shares of Common Stock subject to options outstanding under the 2006 Plan at
a weighted average exercise price of $28.59 per share.
(7)
Represents 1,357,701 shares of Common Stock subject to options outstanding under the 2006 Plan
at a weighted average exercise price of $20.00 per share.
(8)
Represents 315,250 shares of Common Stock subject to options outstanding under the 2003 Plan at
a weighted average exercise price of $4.54 per share.
(9)
Represents 1,938,676 shares of Common Stock subject to options outstanding under the 2003 Plan
at a weighted average exercise price of $4.33 per share.
(10)
Represents 2,734,181 shares of Common Stock subject to options outstanding under the 2003 Plan
at a weighted average exercise price of $2.06 per share.
Table of Contents
EXPLANATORY NOTE
This Registration Statement registers shares of common stock, par value $0.001 per share, of
First Solar, Inc. (the "Company"), consisting of (i) shares previously issued, or that will be
issued, upon the exercise of options granted under the First Solar, Inc. 2006 Omnibus Incentive
Compensation Plan (the "2006 Plan"), (ii) shares previously issued, or that will be issued,
pursuant to the 2006 Plan and (iii) shares previously issued, or that will be issued, upon the
exercise of options granted under the First Solar Holdings, LLC 2003 Unit Option Plan (the "2003
Plan").
This Registration Statement contains two parts. The first part contains a "reoffer" prospectus
prepared in accordance with Part I of Form S-3 (in accordance with Instruction C of the General
Instructions to Form S-8). The reoffer prospectus permits reoffers and resales of those shares
referred to above that constitute "restricted securities" or "control securities", within the
meaning of Form S-8, by certain of the Company's stockholders, as more fully set forth therein.
The second part contains information required to be set forth in the registration statement
pursuant to Part II of Form S-8. Pursuant to the Note to Part I of Form S-8, the plan information
specified by Part I of Form S-8 is not required to be filed with the Securities and Exchange
Commission (the "Commission"). The Company will provide without charge to any person, upon written
or oral request of such person, a copy of each document incorporated by reference in Item 3 of Part
II of this Registration Statement (which documents are incorporated by reference in the reoffer
prospectus as set forth in Form S-8), other than exhibits to such documents that are not
specifically incorporated by reference, the other documents required to be delivered to eligible
employees pursuant to Rule 428(b) under the Securities Act and additional information about the
Plans. Requests should be directed to the Legal Department, First Solar, Inc., 4050 East Cotton
Center Boulevard, Building 6, Suite 68, Phoenix, Arizona 85040.
Table of Contents
REOFFER PROSPECTUS
FIRST SOLAR, INC.
2,412,861 Shares of Common Stock
Acquired or to be Acquired by the Selling Stockholders Under
FIRST SOLAR, INC. 2006 OMNIBUS INCENTIVE COMPENSATION PLAN
and
FIRST SOLAR HOLDINGS, LLC 2003 UNIT OPTION PLAN
This Prospectus relates to an aggregate of up to 2,412,861 shares (the "Shares") of
Common Stock, par value $0.001 per share (the "Common Stock"), of First Solar, Inc., a Delaware
corporation (the "Company"), which may be offered and sold from time to time by certain
stockholders of the Company (the "Selling Stockholders") who have acquired or will acquire such
Shares pursuant to the First Solar, Inc. 2006 Omnibus Incentive Compensation Plan and First Solar
Holdings, LLC 2003 Unit Option Plan (collectively, the "Plans"). See "Selling Stockholders". This
Prospectus covers the offering for resale of (i) shares acquired by the Selling Stockholders prior
to the filing of a Registration Statement on Form S-8 by the Company ("Restricted Shares") and (ii)
shares to be acquired by Selling Stockholders who may be deemed affiliates of the Company after the
filing of a Registration Statement on Form S-8 pursuant to options currently held by those Selling
Stockholders ("Control Shares"). The Company's Common Stock is listed on The Nasdaq Global Market
under the symbol "FSLR". On February 20, 2007, the last reported sales price of the Company's
Common Stock on The Nasdaq Global Market was $49.21 per share.
The Company will not receive any of the proceeds from sales of the Shares by any of the
Selling Stockholders. The Shares may be offered from time to time by any or all of the Selling
Stockholders (and their donees and pledgees) through ordinary brokerage transactions, in negotiated
transactions or in other transactions, at such prices as the Selling Stockholder may determine,
which may relate to market prices prevailing at the time of sale or be a negotiated price. See
"Plan of Distribution". All costs, expenses and fees in connection with the registration of the
Shares will be borne by the Company. Brokerage commissions and similar selling expenses, if any,
attributable to the offer or sale of the Shares will be borne by the Selling Stockholder (or their
donees and pledgees).
Each Selling Stockholder and any broker executing selling orders on behalf of a Selling
Stockholder may be deemed to be an "underwriter" as defined in the Securities Act of 1933, as
amended (the "Securities Act"). If any broker-dealers are used to effect sales, any commissions
paid to broker-dealers and, if broker-dealers purchase any of the Shares as principals, any profits
received by such broker-dealers on the resale of the Shares, may be deemed to be underwriting
discounts or commissions under the Securities Act. In addition, any profits realized by the Selling
Stockholders may be deemed to be underwriting commissions.
THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE
COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE SECURITIES AND EXCHANGE COMMISSION OR ANY
STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY
REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
The date of this Prospectus is February 20, 2007.
TABLE OF CONTENTS
Page
WHERE YOU CAN FIND MORE INFORMATION
1
INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
2
USE OF PROCEEDS
3
SELLING STOCKHOLDERS
4
PLAN OF DISTRIBUTION
5
LEGAL MATTERS
6
EXPERTS
7
EX-5.1: OPINION OF CRAVATH, SWAINE & MOORE LLP
EX-23.1: CONSENT OF PRICEWATERHOUSECOOPERS LLP
No person is authorized to give any information or represent anything not contained or
incorporated by reference in this Prospectus or any prospectus supplement. This Prospectus and any
prospectus supplement do not constitute an offer to sell or a solicitation of any offer to buy any
securities in any jurisdiction to any person to whom it is unlawful to make such offer or
solicitation in such jurisdiction. The information contained in this Prospectus or any prospectus
supplement, as well as information incorporated by reference, is current only as of the date of
that information. Our business, financial condition and results of operations may have changed
since that date.
i
Table of Contents
WHERE YOU CAN FIND MORE INFORMATION
The Company is subject to the information requirements of the Securities Exchange Act of 1934,
as amended (the "Exchange Act"), and, in accordance therewith, files reports, proxy statements and
other information with the Securities and Exchange Commission (the "Commission"). The reports,
proxy statements and other information filed by the Company with the Commission can be inspected
and copied at the Public Reference Room of the Commission at 100 F Street, N.E., Washington, D.C.
20549. Copies of such material also may be obtained by mail from the Public Reference Room of the
Commission, 100 F Street, N.E., Washington, D.C. 20549, at prescribed rates. Information regarding
the operation of the Public Reference Room may be obtained by calling the Commission at
1-800-SEC-0330. Additionally, the Commission maintains an Internet site that contains reports,
proxy and information statements and other information regarding registrants that file
electronically with the Commission and that is located at http://www.sec.gov.
This Prospectus constitutes part of a Registration Statement on Form S-8 filed on the date
hereof (herein, together with all amendments and exhibits, referred to as the "Registration
Statement") by the Company with the Commission under the Securities Act. This Prospectus does not
contain all of the information set forth in the Registration Statement, certain parts of which are
omitted in accordance with the rules and regulations of the Commission. For further information
with respect to the Company and the Common Stock, reference is hereby made to the Registration
Statement. Statements contained herein concerning the provisions of any contract, agreement or
other document are not necessarily complete, and in each instance reference is made to the copy of
such contract, agreement or other document filed as an exhibit to the Registration Statement or
otherwise filed with the Commission. Each such statement is qualified in its entirety by such
reference. Copies of the Registration Statement together with exhibits may be inspected at the
offices of the Commission as indicated above without charge and copies thereof may be obtained
therefrom upon payment of a prescribed fee.
1
Table of Contents
INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
The following documents of the Company heretofore filed with the Commission are hereby
incorporated in this Prospectus by reference:
(a)
The Company's Prospectus, dated November 16, 2006, filed pursuant to Rule
424(b) under the Securities Act on November 20, 2006 (and which relates to the
Company's Registration Statement on Form S-1 (Registration 333-135574) filed by the
Company with the Commission on June 30, 2006, as amended), in which there is set forth
audited financial statements as of December 31, 2005 and December 25, 2004 and for the
years ended December 31, 2005, December 25, 2004 and December 27, 2003;
(b)
The Company's Current Reports on Form 8-K filed December 22, 2006, January 16,
2007 and January 31, 2007; and
(c)
The description of the Common Stock in the Company's Registration Statement on
Form 8-A filed November 15, 2006 (Registration No. 001-33156), together with any
amendment thereto filed with the Commission for the purpose of updating such
description.
All reports and other documents subsequently filed by the Company pursuant to Section 13(a),
13(c), 14 or 15(d) of the Exchange Act prior to the filing of a post-effective amendment to the
registration statement of which this Prospectus forms a part which indicates that all securities
offered have been sold or which deregisters all securities then remaining unsold shall be deemed to
be incorporated by reference in this Prospectus and to be a part hereof from their respective dates
of filing.
Any statement contained herein or in a document incorporated or deemed to be incorporated by
reference herein shall be deemed to be modified or superseded for purposes of this Prospectus to
the extent that a statement contained herein or in any other subsequently filed document which also
is or is deemed to be incorporated by reference herein modifies or supersedes such earlier
statement. Any statement so modified or superseded shall not be deemed, except as so modified or
superseded, to constitute a part of this Prospectus.
The information relating to the Company contained in this Prospectus should be read together
with the information in the documents incorporated by reference.
The Company hereby undertakes to provide without charge to each person to whom a copy of this
Prospectus has been delivered, upon the written or oral request of any such person, a copy of any
and all of the documents referred to above which have been or may be incorporated in this
Prospectus by reference, other than exhibits to such documents which are not specifically
incorporated by reference into such documents. Requests for such copies should be directed to the
Legal Department, First Solar, Inc., 4050 East Cotton Center Boulevard, Building 6, Suite 68,
Phoenix, Arizona 85040, (602) 414-9300.
2
Table of Contents
USE OF PROCEEDS
The Company will not receive any proceeds from the sale of the Shares by the Selling
Stockholders.
3
Table of Contents
SELLING STOCKHOLDERS
This Prospectus relates to Shares that are being registered for reoffers and resales by
Selling Stockholders who have acquired (or, in some cases, may acquire) Shares pursuant to any of
the Plans. Non-affiliates holding less than 1,000 Restricted Shares issued under any of the Plans
and who are not named below may use this Prospectus for the offer or sale of those Shares.
Beneficial ownership is determined in accordance with the rules of the Commission, is based
upon 72,333,836 shares outstanding as of the date of this Prospectus, and generally includes voting
or investment power with respect to securities. Options to purchase shares of common stock that are
currently exercisable or exercisable within 60 days of the date of this Prospectus are deemed to be
outstanding and to be beneficially owned by the person holding such options for the purpose of
computing the percentage ownership of such person but are not treated as outstanding for the
purpose of computing the percentage ownership of any other person. Shares of restricted stock,
whether vested or unvested, are deemed to be outstanding and to be beneficially owned by the person
holding such restricted stock for the purpose of computing the percentage ownership of such person
and are treated as outstanding for the purpose of computing the percentage ownership of each other
person. After the resale of all Shares that may be so offered for resale pursuant to this
Prospectus, and assuming no other changes in beneficial ownership of the Company's Common Stock
after the date of this Prospectus, each Selling Stockholder would own less than 1% of the Company's
Common Stock.
The inclusion in the table of the individuals named therein shall not be deemed to be an
admission that any such individuals are "affiliates" of the Company.
Number of
Restricted Shares
Number of Control
Beneficially Owned
Shares Beneficially
Offered for Resale
Shares Offered for
After the Resale
Selling Stockholder
Position (1)
Owned
(2)
Resale (3)
(4)
George A. ("Chip")
Hambro
Chief Operating
Officer
960,300
(5)
0
960,300
(5)
0
Jens Meyerhoff
Chief Financial
Officer
5,000
0
187,501
(6)
5,000
Kenneth M. Schultz
Vice President,
Sales and Marketing
911,800
(7)
0
911,800
(7)
0
I. Paul Kacir
Vice President,
General Counsel
1,500
0
82,450
(8)
1,500
James F. Nolan
Director
73,050
(9)
0
72,750
(9)
300
J. Thomas Presby
Director
1,562
1,562
0
0
Bruce Sohn
Director
103,641
(10)
25,291
72,750
(10)
5,600
Paul H. Stebbins
Director
416
416
0
0
Michael Sweeney
Director
98,041
(11)
25,291
72,750
(11)
0
(1)
All Selling Stockholders are employees and/or directors of the Company. The positions of
officers and directors are specifically described.
(2)
Includes (i) shares previously issued upon exercise of options granted under the Plans and
(ii) shares of restricted stock previously granted under the Plans.
(3)
Includes shares subject to vested and unvested options issued under the Plans.
(4)
Assumes that all Shares offered for resale pursuant to this Prospectus are sold.
(5)
Includes 960,300 shares of common stock issuable upon the exercise of stock options.
(6)
Includes 187,501 shares of common stock issuable upon the exercise of stock options.
(7)
Includes 911,800 shares of common stock issuable upon the exercise of stock options.
(8)
Includes 82,450 shares of common stock issuable upon the exercise of stock options.
(9)
Includes 72,750 shares of common stock issuable upon the exercise of stock options.
(10)
Includes 72,750 shares of common stock issuable upon the exercise of stock options.
(11)
Includes 72,750 shares of common stock issuable upon the exercise of stock options.
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PLAN OF DISTRIBUTION
The purpose of the Prospectus is to permit the Selling Stockholders, if they desire, to offer
for sale and sell the Shares they acquired (or, in some cases, may acquire) pursuant to the Plans
at such times and at such places as the Selling Stockholders choose.
The decision to exercise options for Shares, or to sell any Shares, is within the discretion
of the holders thereof, subject generally to the Company's policies affecting the timing and manner
of sale of Common Stock by certain individuals, certain volume limitations set forth in Rule 144(e)
of the Securities Act and lock-up agreements entered into in connection with the Company's initial
public offering. There can be no assurance that any of the options will be exercised or any Shares
will be sold by the Selling Stockholders.
The Selling Stockholders have advised the Company that sales of Shares may be effected from
time to time in one or more types of transactions (which may include block transactions) on The
Nasdaq Global Market, in the over-the-counter market, in negotiated transactions, through the
writing of options on the Shares, through settlement of short sales of Shares, or a combination of
such methods of sale, at market prices prevailing at the time of sale, at fixed prices (which may
be changed) or at negotiated prices. Such transactions may or may not involve brokers or dealers.
The Selling Stockholders have advised the Company that they have not entered into any agreements,
understandings or arrangements with any underwriters or broker-dealers regarding the sale of their
Shares, nor is there an underwriter or coordinating broker acting in connection with the proposed
sale of the Shares by the Selling Stockholders.
The Selling Stockholders may effect such transactions by selling Shares directly to purchasers
or to or through broker-dealers, which may act as agents or principals. Such broker-dealers may
receive compensation in the form of discounts, concessions, or commissions from the Selling
Stockholders and/or the purchasers of Shares for whom such broker-dealers may act as agents or to
whom they sell as principal, or both (which compensation as to a particular broker-dealer might be
in excess of customary commissions).
The Selling Stockholders and any broker-dealers that act in connection with the sale of Shares
might be deemed to be "underwriters" within the meaning of Section 2(11) of the Securities Act, and
any commissions received by such broker-dealers and any profit on the resale of the Shares sold by
them while acting as principals might be deemed to be underwriting discounts or commissions under
the Securities Act. The Selling Stockholders may agree to indemnify any agent, dealer or
broker-dealer that participates in transactions involving sales of the Shares against certain
liabilities, including liabilities arising under the Securities Act.
Because the Selling Stockholders may be deemed to be "underwriters" within the meaning of
Section 2(11) of the Securities Act, the Selling Stockholders will be subject to the prospectus
delivery requirements of the Securities Act, which may include delivery through the facilities of
the The Nasdaq Global Market pursuant to Rule 153 under the Securities Act.
The Company has informed the Selling Stockholders that the anti-manipulative provisions of
Regulation M promulgated under the Exchange Act may apply to their sales in the market.
The Selling Stockholders also may resell all or a portion of the Shares in open market
transactions in reliance upon Rule 144 under the Securities Act, provided they meet the criteria
and conform to the requirements of such Rule.
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LEGAL MATTERS
The validity of the common stock being offered hereby has been passed upon for First Solar,
Inc. by Cravath, Swaine & Moore LLP, New York, New York.
6
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EXPERTS
Our consolidated financial statements as of December 31, 2005 and December 25, 2004 and for
the years ended December 31, 2005, December 25, 2004 and December 27, 2003, incorporated by
reference in this prospectus and the related financial statement schedule incorporated by reference
in this prospectus have been audited by PricewaterhouseCoopers LLP, independent registered public
accounting firm, as stated in their reports incorporated by reference herein, and are included in
reliance upon the reports of such firm given upon their authority as experts in accounting and
auditing. The foregoing financial statements have been incorporated by reference herein in
reliance upon such reports given on the authority of such firm as experts in accounting and
auditing.
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NO DEALER, SALESMAN OR ANY OTHER PERSON HAS BEEN AUTHORIZED TO GIVE ANY INFORMATION OR TO
MAKE ANY REPRESENTATIONS OTHER THAN THOSE CONTAINED IN THIS PROSPECTUS, AND, IF GIVEN OR MADE, SUCH
INFORMATION OR REPRESENTATIONS MUST NOT BE RELIED UPON AS HAVING BEEN AUTHORIZED BY THE COMPANY OR
ANY SELLING STOCKHOLDER. NEITHER THE DELIVERY OF THIS PROSPECTUS NOR ANY SALE MADE HEREUNDER SHALL,
UNDER ANY CIRCUMSTANCES, IMPLY THAT THERE HAS BEEN NO CHANGE IN THE AFFAIRS OF THE COMPANY OR THAT
THE INFORMATION HEREIN IS CORRECT AS OF ANY TIME SUBSEQUENT TO THE DATE AS OF WHICH SUCH
INFORMATION IS GIVEN. THIS PROSPECTUS DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF
ANY OFFER TO BUY ANY OF THE SECURITIES OFFERED HEREBY TO ANYONE IN ANY JURISDICTION IN WHICH SUCH
OFFER OR SOLICITATION IS NOT AUTHORIZED OR IN WHICH THE PERSON MAKING SUCH OFFER OR SOLICITATION IS
NOT QUALIFIED TO DO SO OR TO ANYONE TO WHOM IT IS UNLAWFUL TO MAKE SUCH OFFER OR SOLICITATION.
2,412,861 SHARES
FIRST SOLAR, INC.
COMMON STOCK
PROSPECTUS
February 20, 2007
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PART I
INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS
Item 1. Plan Information
All information required by Part I to be contained in the Section 10(a) prospectus is omitted
from this Registration Statement in accordance with Rule 428 under the Securities Act of 1933, as
amended (the "Securities Act"), and the Note to Part I of Form S-8.
Item 2. Registrant Information and Employee Plan Annual Information
All information required by Part I to be contained in the Section 10(a) prospectus is omitted from
this Registration Statement in accordance with Rule 428 under the Securities Act and the Note to
Part I of Form S-8.
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Part II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents previously filed with the Securities and Exchange Commission (the
"Commission") by First Solar, Inc. (the "Corporation") are incorporated by reference herein and
shall be deemed a part hereof: (1) the Corporation's Prospectus, dated November 16, 2006, filed
pursuant to Rule 424(b) under the Securities Act on November 20, 2006 (and which relates to the
Corporation's Registration Statement on Form S-1 (Registration 333-135574) filed by the Corporation
with the Commission on June 30, 2006, as amended), (2) the Company's Current Reports on Form 8-K
filed December 22, 2006, January 16, 2007 and January 31, 2007 and (3) the description of the
Common Stock in the Corporation's Registration Statement on Form 8-A filed November 15, 2006
(Registration No. 001-33156), together with any amendment thereto filed with the Commission for the
purpose of updating such description
All documents filed by the Corporation pursuant to Sections 13(a), 13(c), 14 and 15(d) of the
Exchange Act, after the date hereof and prior to the filing of a post-effective amendment which
indicates that all securities offered have been sold or which deregisters all securities then
remaining unsold, shall be deemed to be incorporated by reference herein and to be a part hereof
from the date of filing of such documents.
Any statement contained in a document incorporated or deemed to be incorporated by reference
herein shall be deemed to be modified or superseded for purposes of this Registration Statement to
the extent that a statement contained herein or in any other subsequently filed document which also
is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any
such statement so modified or superseded shall not be deemed, except as so modified or superseded,
to constitute a part of this Registration Statement.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
None.
Item 6. Indemnification of Directors and Officers.
Section 145(a) of the Delaware General Corporation Law (the "DGCL") provides in relevant part
that a corporation may indemnify any officer or director who was or is a party or is threatened to
be made a party to any threatened, pending or completed action, suit or proceeding (other than an
action by or in the right of the corporation) by reason of the fact that such person is or was a
director or officer of the corporation, or is or was serving at the request of the corporation as a
director or officer of another entity, against expenses (including attorneys' fees), judgments,
fines and amounts paid in settlement actually and reasonably incurred by such person in connection
with such action, suit or proceeding if such person acted in good faith and in a manner such person
reasonably believed to be in or not opposed to the best interests of the corporation, and, with
respect to any criminal action or proceeding, had no reasonable cause to believe such person's
conduct was unlawful.
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Section 145(b) of the DGCL provides in relevant part that a corporation may indemnify any
person who was or is a party or is threatened to be made a party to any threatened, pending or
completed action or suit by or in the right of the corporation to procure a judgment in its favor
by reason of the fact that the person is or was a director, officer, employee or agent of the
corporation, or is or was serving at the request of the corporation as a director, officer,
employee or agent of another corporation, partnership, joint venture, trust or other enterprise
against expenses (including attorneys' fees) actually and reasonably incurred by the person in
connection with the defense or settlement of such action or suit if the person acted in good faith
and in a manner the person reasonably believed to be in or not opposed to the best interests of the
corporation and except that no indemnification shall be made in respect of any claim, issue or
matter as to which such person shall have been adjudged to be liable to the corporation unless and
only to the extent that the Court of Chancery or the court in which such action or suit was brought
shall determine upon application that, despite the adjudication of liability but in view of all the
circumstances of the case, such person is fairly and reasonably entitled to indemnity for such
expenses which the Court of Chancery or such other court shall deem proper.
The Corporation's bylaws generally provide that the Corporation will indemnify its directors
and officers to the fullest extent permitted by law.
The Corporation also maintains officers' and directors' liability insurance which insures
against liabilities that its officers and directors may, in such capacities, incur. Section 145(g)
of the DGCL provides that a corporation shall have power to purchase and maintain insurance on
behalf of any person who is or was a director, officer, employee or agent of the corporation, or is
or was serving at the request of the corporation as a director, officer, employee or agent of
another corporation, partnership, joint venture, trust or other enterprise against any liability
asserted against such person and incurred by such person in any such capacity, or arising out of
such person's status as such, whether or not the corporation would have the power to indemnify such
person against such liability under that section.
Item 7. Exemption from Registration Claimed.
The shares of Common Stock which may be sold pursuant to the reoffer prospectus for the
respective accounts of the Selling Stockholders issued to the Selling Stockholders under the 2006
Plan and 2003 Plan were issued by the Company in reliance upon the available exemptions from the
registration requirements of the Securities Act, including those contained in Rule 701 promulgated
under Section 3(b), which relates to exemptions for offers and sales of securities pursuant to
certain compensatory benefit plans.
Item 8. Exhibits.
Exhibit Number
Description
4.1
Amended and Restated Certificate of Incorporation of First
Solar, Inc. (incorporated by reference to Exhibit No. 3.1 of
the Registration Statement of First Solar, Inc., Registration
No. 333-135574)
4.2
Bylaws of First Solar, Inc. (incorporated by reference to
Exhibit No. 3.2 of the Registration Statement of First Solar,
Inc., Registration No. 333-135574)
4.3
Registration Rights Agreement dated February 22, 2005, between
First Solar, Inc. and Goldman, Sachs & Co. (incorporated by
reference to Exhibit No. 4.10 of the Registration Statement of
First Solar, Inc., Registration No. 333-135574)
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Exhibit Number
Description
4.4
Form of Registration Rights Agreement between First Solar,
Inc., JWMA Partners, LLC, the Estate of John T. Walton, JCL
Holdings, LLC and Michael J. Ahearn (incorporated by reference
to Exhibit No. 4.17 of the Registration Statement of First
Solar, Inc., Registration No. 333-135574)
5.1
Opinion of Cravath, Swaine & Moore LLP
23.1
Consent of PricewaterhouseCoopers LLP
23.2
Consent of Cravath, Swaine & Moore LLP (included in Exhibit 5.1)
24.1
Powers of Attorney (included as part of the signature page to
this Registration Statement)
Item 9. Undertakings.
(a) The undersigned registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a
post-effective amendment to this Registration Statement:
(A) to include any prospectus required by Section 10(a)(3) of the Securities
Act;
(B) to reflect in the prospectus any facts or events arising after the
effective date of the Registration Statement (or the most recent post-effective
amendment hereof) which, individually or in the aggregate, represent a fundamental
change in the information set forth in this Registration Statement.
(C) to include any material information with respect to the plan of
distribution not previously disclosed in the Registration Statement or any material
change to such information in the Registration Statement.
(2) That, for the purpose of determining any liability under the Securities Act, each
such post-effective amendment shall be deemed to be a new registration statement relating to
the securities offered therein, and the offering of such securities at that time shall be
deemed to be the initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the offering.
(b) The undersigned registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act, each filing of the registrant's annual report pursuant to
Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an
employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is
incorporated by reference in this Registration Statement shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such securities at that
time shall be deemed to be the initial bona fide offering thereof.
(c) Insofar as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers and controlling persons of the registrant pursuant to the
foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the
Commission such indemnification is against public policy as expressed in the Securities Act and is,
therefore, unenforceable. In the event that a
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claim for indemnification against such liabilities
(other than the payment by the registrant of expenses
incurred or paid by a director, officer or controlling person of the registrant in the
successful defense of any action, suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being registered, the registrant will, unless
in the opinion of its counsel the matter has been settled by controlling precedent, submit to a
court of appropriate jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Securities Act and will be governed by the final adjudication of such
issue.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant has
duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in Phoenix in the State of Arizona, on the 21st day of February, 2007.
First Solar, Inc.
By:
/s/ Jens Meyerhoff
Name:
Jens Meyerhoff
Title:
Chief Financial Officer
We, the undersigned directors and officers of First Solar, Inc., do hereby constitute and
appoint Michael J. Ahearn, Jens Meyerhoff and I. Paul Kacir, or any of them, our true and lawful
attorneys and agents, with full power of substitution, to do any and all acts and things in our
name and on our behalf in our capacities as directors and officers and to execute any and all
instruments for us and in our names in the capacities indicated below, which said attorneys and
agents, or any of them, may deem necessary or advisable to enable the Registrant to comply with the
Securities Act of 1933 and any rules, regulations and requirements of the Securities and Exchange
Commission, in connection with this Registration Statement, including specifically, but without
limitation, power and authority to sign for us or any of us in our names in the capacities
indicated below, any and all amendments (including post-effective amendments) hereto and we do
hereby ratify and confirm all that said attorneys and agents, or any of them, shall do or cause to
be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has
been signed below by the following persons in the capacities
indicated on February 21, 2007.
Signature
Title
Date
/s/ Michael J. Ahearn
Michael J. Ahearn
President, Chief Executive
Officer and Director
(Principal Executive Officer)
February 21, 2007
/s/ Jens Meyerhoff
Jens Meyerhoff
Chief Financial Officer
(Principal Financial and
Principal Accounting Officer)
February 21, 2007
/s/ James F. Nolan
James F. Nolan
Director
February 21, 2007
/s/ J. Thomas Presby
J. Thomas Presby
Director
February 21, 2007
/s/ Paul H. Stebbins
Paul H. Stebbins
Director
February 21, 2007
/s/ Michael Sweeney
Michael Sweeney
Director
February 21, 2007
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EXHIBIT INDEX
Exhibit Number
Description
4.1
Amended and Restated Certificate of Incorporation of First Solar, Inc. (incorporated by
reference to Exhibit No. 3.1 of the Registration Statement of First Solar, Inc.,
Registration No. 333-135574)
4.2
Bylaws of First Solar, Inc. (incorporated by reference to Exhibit No. 3.2 of the
Registration Statement of First Solar, Inc., Registration No. 333-135574)
4.3
Registration Rights Agreement dated February 22, 2005, between First Solar, Inc. and
Goldman, Sachs & Co. (incorporated by reference to Exhibit No. 4.10 of the Registration
Statement of First Solar, Inc., Registration No. 333-135574)
4.4
Form of Registration Rights Agreement between First Solar, Inc., JWMA Partners, LLC, the
Estate of John T. Walton, JCL Holdings, LLC and Michael J. Ahearn (incorporated by
reference to Exhibit No. 4.17 of the Registration Statement of First Solar, Inc.,
Registration No. 333-135574)
5.1
Opinion of Cravath, Swaine & Moore LLP
23.1
Consent of PricewaterhouseCoopers LLP
23.2
Consent of Cravath, Swaine & Moore LLP (included in Exhibit 5.1)
24.1
Powers of Attorney (included as part of the signature page to this Registration Statement)