Source: Companies’ financial results/ collected by EnergyTrend
First Solar Financial Result Evaluation: System Projects Rule the Company
Among all global first-tier PV manufacturers, First Solar’s gross margin was 27% in 2Q13, which was next to REC Group with the highest gross margin. Overall, 3Q13 was a very successful quarter for First Solar. The company’s 3Q13 financial result was released on October 31st, 2013. The gross margin turned out to be 28.8%. Although it only grew by 1.8% compared to last quarter, net sales and net profit both increased substantially. The net sale in 3Q13 was $1.266 billion, a 143% rise compared to $520 million last quarter. As for net profit, it was $195 million in 3Q13, a 481% rise compared with $34 million in previous quarter.