Flexible Electronics News

First Solar, Inc. Announces 2Q 2023 Financial Results

Net sales were $811 million, with YTD net bookings of 21.1 GW.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

First Solar, Inc. announced financial results for the second quarter ended June 30, 2023. Net sales for the second quarter were $811 million, an increase of $262 million from the prior quarter. The increase was primarily driven by an increase in the volume of modules sold, including the commencement of sales of the company’s next-generation Series 7 modules, and an increase in the average selling price (ASP) of modules. The company reported second quarter net income per diluted share of $1...

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