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Announced a new record cell efficiency of 21.0 percent
August 7, 2014
By: DAVID SAVASTANO
Editor, Ink World Magazine
First Solar, Inc. announced financial results for the second quarter of 2014. Net sales were $544 million in the quarter, a decrease of $406 million from the first quarter of 2014. The sequential decrease in net sales is primarily attributable to achieving revenue recognition on the Campo Verde project in the prior quarter and project delays in the second quarter, which resulted in the deferral of some revenue recognition to the second half of the year. The company reported a second quarter ...
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