Flexible Electronics News

First Solar, Inc. Announces 3Q 2023 Financial Results

Net sales were $801 million, with an expected sales backlog of 81.8 GW.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

First Solar, Inc. announced financial results for the third quarter ended Sept. 30, 2023. Net sales for the third quarter were $801 million, a decrease of $10 million from the prior quarter. The decrease was primarily driven by a reduction in volume of modules sold. The company reported third quarter net income per diluted share of $2.50, compared to net income per diluted share of $1.59 in the second quarter of 2023. Cash, cash equivalents, restricted cash, restricted cash equivalents, a...

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