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Records record net sales of $1.1 billion for the fourth quarter and $3.4 billion for 2012
February 26, 2013
By: DAVID SAVASTANO
Editor, Ink World Magazine
First Solar, Inc. announced financial results for the quarter and year ended Dec. 31, 2012. Net sales were a record $1.1 billion in the quarter, an increase of $236 million from the third quarter of 2012 and $415 million from the fourth quarter of 2011. The increase in net sales from the third quarter of 2012 was primarily due to increased revenue recognition for the Topaz project, and an increase in third-party module sales. Net sales for 2012 were $3.4 billion, up 22% from 2011. The compan...
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