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Reports net sales of $2.9 billion for 2017 and $339 million for the fourth quarter.
February 28, 2018
By: DAVID SAVASTANO
Editor, Ink World Magazine
First Solar, Inc. announced financial results for the fourth quarter and year ended December 31, 2017. Net sales for the fourth quarter were $339 million, a decrease of $748 million from the prior quarter primarily due to lower systems and third-party module sales. Systems revenue decreased primarily due to the sale of the California Flats and Cuyama projects in the third quarter. The company reported a fourth quarter GAAP loss per share of $(4.14), compared to GAAP earnings per share (EPS) ...
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