David Savastano, Editor05.03.21
The photovoltaic industry continues to flourish, and First Solar, Inc. announced good financial results for the first quarter ended March 31, 2021.
Net sales for the first quarter were $803 million, an increase of $194 million from the prior quarter, primarily due to an increase in systems revenue driven by US project sales. Operating income for the first quarter was $252 million, compared to $58 million in the prior quarter.
“We delivered strong operational and financial results for the first quarter, and demand for our Series 6 technology continues to be robust,” said Mark Widmar, CEO of First Solar. “The dedication we continue to witness from our associates enabled us to deliver module segment gross margin in line with our first quarter guidance, complete the sales of our Sun Streams 2, 4, and 5 projects, and close the US project development and North American O&M sales.”
Net income per share for the first quarter was $1.96, compared to net income per share of $1.08 in the prior quarter.
Net sales for the first quarter were $803 million, an increase of $194 million from the prior quarter, primarily due to an increase in systems revenue driven by US project sales. Operating income for the first quarter was $252 million, compared to $58 million in the prior quarter.
“We delivered strong operational and financial results for the first quarter, and demand for our Series 6 technology continues to be robust,” said Mark Widmar, CEO of First Solar. “The dedication we continue to witness from our associates enabled us to deliver module segment gross margin in line with our first quarter guidance, complete the sales of our Sun Streams 2, 4, and 5 projects, and close the US project development and North American O&M sales.”
Net income per share for the first quarter was $1.96, compared to net income per share of $1.08 in the prior quarter.
