First Solar reported increasing net sales and income yoy

First Solar, Inc. achieved net sales for the second quarter of $629 million, a decrease of $174 million from the prior quarter. Net sales in in Q2 2020 were $642 million.
Operating income for the second quarter was $110 million, compared to $252 million in the prior quarter and $50 million in the same quarter last year. Net income shrunk to $82 million compared to $209 million in the prior quarter, but increased from $37 million in Q2 2020.
Regarding the first half, net sales increased from $1.174 billion in 2020 to $1.432 billion in 2021. Net income increased from $127 million in H1 2020 to $292 million in H1 2021.
In 2021, the company expects net sales of $2.875 to $3.1 billion and shipments of 7.6 to 8 GW.
© PHOTON

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