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Net sales for the third quarter were $928 million, an increase of $285 million from the prior quarter.
November 2, 2020
By: DAVID SAVASTANO
Contributing Editor, Coatings World and Ink World
First Solar, Inc. announced financial results for the third quarter ended Sept. 30, 2020.
“We delivered strong financial results for the third quarter,” said Mark Widmar, CEO of First Solar. “The dedication we continue to witness from our associates enabled us to expand module segment gross margin, close the sales of our Ishikawa, Miyagi, and Anamizu projects in Japan, and increase earnings per share quarter-over-quarter. This result reflects the strengths of our competitively advantaged CdTe modules and vertically integrated manufacturing process.”
Net sales for the third quarter were $928 million, an increase of $285 million from the prior quarter, primarily due to international project sales, and an increase in the volume of modules sold to third parties.
Net income per share for the third quarter was $1.45, compared to net income per share of $0.35 in the second quarter of 2020.
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