First Solar sales surge 51% year on year

Facebook
Twitter
LinkedIn
Reddit
Email

US thin-film giant First Solar has seen its third quarter sales surge 51% compared to the same period last year.

The company notched up record quarterly sales of US$1.266 billion compared to US$839 million in the same period last year.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The sale of 50MW of solar farms in Canada and a batch of revenue from the 550MW Desert Sunlight project boosted the figures.

The profit margin stretched 0.4% for Q3 compared to Q3 2012.

“The third quarter marks a key milestone in our company's progress in achieving the strategic objectives we outlined during our Analyst Day event in April,” said Jim Hughes, CEO, First Solar.

“During the quarter we delivered on several key objectives, including additional bookings of 860MW DC, significant reductions to our module manufacturing cost and strong financial performance. With these encouraging results achieved, we move forward, focusing on strengthening our leadership position in the marketplace and achieving our strategic objectives for future success.”

Despite the strong performance, the company reduced its 2013 guidance from US$3.6-3.8 billion to US$3.4-3.6 billion.

Read Next

December 5, 2024
Nir served as the company’s chief marketing executive since June 2024 and will succeed Ronen Faier, who served as interim CEO of the company since August 2024.
December 5, 2024
The European Commission has launched a €3.4 billion call to support the development of “innovative decarbonisation technologies in Europe".
December 5, 2024
TotalEnergies has sold a 50% stake in a 2GW US solar and energy storage portfolio and acquired German renewable energy developer VSB Group.
Premium
December 5, 2024
Magdalena Hilgner of PLAY explains that projects that deliver power reliably and at a fair price will always be attractive for offtakers.
December 5, 2024
Australian energy company APA Group has completed the construction of a 45MW solar-plus-storage project in the Pilbara region of Western Australia.
December 4, 2024
Solar will form the cornerstone of Indonesia’s renewable power sector, according to forecasts made by think tank Ember Climate.

Subscribe to Newsletter

Upcoming Events

Solar Media Events, Upcoming Webinars
December 12, 2024
9am GMT / 10am CET
Solar Media Events
February 4, 2025
London, UK
Solar Media Events
February 17, 2025
London, UK
Solar Media Events
February 26, 2025
Seattle, USA