First Solar, Inc. has reported financial results for Q1 2024 ending on March 31. The company’s net sales totaled $794 million, down $0.4 billion from the previous quarter. Earnings per diluted share were $2.20, compared to $3.25 in Q4 2023. The company produced 2.4 GW of S6 modules and 1.2GW of S7 modules in Q1 2024. First Solar’s 2024 guidance forecasts net sales of $4.4 billion to $4.6 billion and operating income of $1.5 billion to $1.6 billion.
First Solar reports Q1 2024 results
First Solar has reported revenues of $794 million for Q1 2024, down $0.4 billion sequentially. (Image Credit: SolarBytes)
The sale of Westbridge’s 75% stake in Sunnynook Solar to METLEN was completed, set to power 50,000 Alberta homes. (Image Source: Pixabay)
Module shipments in Q3 2024 reached 25,910 MW, with N-type modules comprising 90% of all shipments. (Image Source: SOLARbytes)
With revenue growth and a strong order book, AGEL sets its sights on 2025 IPO to strengthen financial resilience. (Image Credit/Source: KindelMedia/Pexels)
Runergy provides insights into ITC’s Section 337 timeline, countering misleading interpretations of its 45-day and 60-day procedural references. (Image Source: Runergy)