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Record quarterly net sales of $1.3 billion
October 31, 2013
By: DAVID SAVASTANO
Editor, Ink World Magazine
First Solar, Inc. announced financial results for the third quarter of 2013. Net sales were $1.3 billion in the quarter, an increase of $746 million from the prior quarter and an increase of $427 million from the third quarter of 2012. The sequential increase in net sales is primarily attributable to higher systems business project revenues, which included initial revenue recognition of Desert Sunlight and the sale of the ABW projects in Canada. Compared to the third quarter of 2012, the inc...
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