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Reports net sales of $896 million, net cash of $1.5 billion.
August 4, 2015
By: DAVID SAVASTANO
Editor, Ink World Magazine
First Solar, Inc. announced financial results for the second quarter of 2015. Net sales were $896 million in the quarter, an increase of $427 million from the first quarter of 2015. The increase in net sales from the prior quarter resulted from increased revenue recognition on the Silver State South project and the sale of majority interests in the North Star and Lost Hills-Blackwell projects. The company reported second quarter GAAP earnings per fully diluted share of $0.93, compared to a l...
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