Flexible Electronics News

First Solar, Inc. Announces 1Q 2014 Financial Results

Records net sales of $950 million

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By: DAVID SAVASTANO

Editor, Ink World Magazine

First Solar, Inc. announced financial results for the first quarter of 2014. Net sales were $950 million in the quarter, an increase of $182 million from the fourth quarter of 2013. The sequential increase in net sales is primarily attributable to achieving revenue recognition on its Campo Verde project. The company reported first quarter GAAP net income per fully diluted share of $1.10, compared to $0.64 in the prior quarter. The increase in net income compared to the prior quarter was prim...

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