Growing sales help First Solar return to Q4 net profit
Renewables Now | February 22, 2019
US thin-film solar module maker First Solar Inc (NASDAQ:FSLR) on Thursday said it has returned to profit in the fourth quarter of 2018 thanks to a rise in revenues, and also revised some metrics of its 2019 guidance. Due to an expected drop in production start-up and anticipated increases in ramp costs related to the opening of a fourth production site for its Series 6 products, the company lowered its forecast for gross margin and operating expenses for 2019, while keeping the rest of its guidance unchanged.