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Reports net sales of $794 million, expected sales backlog of 78.3 GW.
May 3, 2024
By: DAVID SAVASTANO
Editor, Ink World Magazine
First Solar, Inc. announced financial results for the first quarter ended March 31, 2024. Net sales for the first quarter were $794 million, a decrease of $0.4 billion from the prior quarter. The decrease was primarily driven by an expected historical seasonal reduction in volume of modules sold. The company has an expected sales backlog of 78.3 GW. The company reported first quarter net income per diluted share of $2.20, compared to net income per diluted share of $3.25 in the fourth quarte...
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