PVTIME – First Solar, a leading American solar technology company and global provider of eco-efficient solar modules, recently announced its financial results for the second quarter ended 30 June 2024.
For the period, First Solar reported net sales of $1.0 billion, an increase of $0.2 billion from the first quarter of 2024, representing growth of 24.6%. The increase was primarily due to an increase in both the volume of modules sold and the average selling price per watt.
Meanwhile, its orders increased by 0.9 GW in Q2 2024, reaching 3.6 GW for the first half of 2024, with an average selling price of 31.6 cents per watt. Total orders are expected to reach 75.9 GW by 2030.
“We are pleased with our financial and operational execution through the first half of this year as we continue to deliver on our commitments,” said Mark Widmar, CEO of First Solar. “Our balanced approach to growth, profitability, and liquidity, combined with multiple technological and business model points of differentiation is enabling us to deliver value for both our customers and our shareholders”.
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