First Solar forecasts sales of $2.6 billion and operating profit of $150 million


First Solar said it expects sales of $2.4 billion to $2.6 billion with operating profit of $55 million to $150 million in 2022.

First Solar’s sales for the fourth quarter of 2021 were $0.9 billion, an increase of $0.3 billion from the prior quarter. The increase is primarily the result of international project sales and higher module sales in the fourth quarter.

First Solar CEO Mark Widmar believes the company’s financial performance over the past 12 months has been impressive as the solar photovoltaic panel manufacturing industry has faced supply chain challenges. sourcing, logistics, costs and the pandemic.

The company reported fourth-quarter net earnings per diluted share of $1.23 and annual net earnings per diluted share of $4.38.

“This year will be built around significant and continued investment in R&D, new products, manufacturing expansion and the use of new outsourcing strategies, which we believe have paved the way for a sustained growth in 2023 and beyond,” said Mark Widmar.

First Solar also announced today that it is in advanced stages of discussions to sell its project development and O&M platform in Japan.


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