Flexible Electronics News

First Solar, Inc. Announces 1Q 2017 Financial Results

Raises 2017 revenue, EPS, operating cash flow and net cash guidance.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

First Solar, Inc. announced financial results for the first quarter of 2017. Net sales for the first quarter were $892 million, an increase of $561 million from the prior quarter, primarily due to the sale of the Moapa project, partially offset by lower third-party module sales.   The company reported first quarter earnings of $0.09 per share, compared to a loss of $(7.22) per share in the prior quarter. Net income increased versus the prior quarter primarily as a result of higher net sales, l...

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