Flexible Electronics News

First Solar, Inc. Announces 4Q, Full Year 2020 Financial Results

Company reports net sales of $2.7 billion for 2020, and $0.6 billion for the fourth quarter.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

In the face of increasing competition, First Solar, Inc. had a solid year, with net sales of $2.7 billion for the year. In its financial results for the fourth quarter and year ended Dec. 31, 2020, First Solar reported net sales for the fourth quarter were $0.6 billion, a decrease of $0.3 billion from the prior quarter. The decrease was primarily a result of higher international project sales in the third quarter, which were partially offset by increased module sales in the fourth quarter.   ...

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