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Net sales of $0.9 billion; YTD net bookings of 4.0 GW and expected sales backlog of 73.3 GW.
October 30, 2024
By: DAVID SAVASTANO
Editor, Ink World Magazine
First Solar, Inc. announced financial results for the third quarter ended Sept. 30, 2024. Net sales for the third quarter were $0.9 billion, a decrease of $0.1 billion from the prior quarter. The decrease was primarily driven by a decrease in the volume of MW sold and a product warranty reserve charge, partially offset by termination payments from certain customers in the U.S. and India. The company reported third quarter net income per diluted share of $2.91, compared to net income per di...
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