Flexible Electronics News

First Solar, Inc. Announces 3Q 2021 Financial Results

Reports net sales of $584 million, third quarter production of 2.0 GW DC despite challenging freight and COVID-19 environment.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

First Solar, Inc. announced financial results for the third quarter ended Sept. 30, 2021. Net sales for the third quarter were $584 million, a decrease of $46 million from the prior quarter, primarily due to lower systems segment revenue, which was partially offset by an increase in module segment revenue. Third quarter production was 2.0 GW DC despite challenging freight and COVID-19 environment. Operating income for the third quarter was $51 million. Cash, cash equivalents, restricted cash, ...

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