First Solar Has Sold Out Of PV Module Capacity Through Most Of 2016

Home / Financial Results / First Solar Has Sold Out Of PV Module Capacity Through Most Of 2016

First Solar has already sold out of solar photovoltaic (PV) module capacity for 2015, and for most of 2016, according to the most recent figures.

Overall, the company beat analyst predictions pretty handily — coming in with net sales of $896 million for the second quarter, accompanied by a 1:1 book-to-bill ratio. This amounts to a rise from the first quarter of nearly $427 million in net sales, mostly due to “increased revenue recognition on the Silver State South project and the sale of majority interests in the North Star and Lost Hills-Blackwell projects.”

Read the rest of the story at Clean Technica.

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