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Mar 31, 2021
First Solar Q1 2021 Earnings Report
Reported strong operational and financial results, driven by demand for Series 6 technology and the sale of U.S. project development and North American O&M businesses.
Key Takeaways
First Solar announced strong Q1 2021 results with net sales of $803 million and net income per share of $1.96. The company benefited from increased systems revenue due to U.S. project sales and the completion of sales of U.S. project development and North American O&M businesses. They maintain 2021 EPS guidance of $4.05 to $4.75.
Net sales reached $803 million.
Net income per share was $1.96.
Cash, cash equivalents, restricted cash, and marketable securities totaled $1.8 billion.
YTD net bookings of 4.8 GWDC; 2.9 GWDC since prior earnings call.
Forward Guidance
First Solar maintains its 2021 EPS guidance of $4.05 to $4.75.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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