Flexible Electronics News

First Solar Announces 1Q 2013 Financial Results

Net sales of $755 million

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By: DAVID SAVASTANO

Editor, Ink World Magazine

First Solar, Inc. announced financial results for the first quarter of 2013. Net sales were $755 million in the quarter, a decrease of $320 million from the fourth quarter of 2012 and an increase of $258 million from the first quarter of 2012. The decrease in net sales from the fourth quarter of 2012 was primarily due to less revenue recognition from the company’s systems business projects primarily related to the Topaz project, while the increase over the first quarter of 2012 was primarily due...

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