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Jun 30, 2020
First Solar Q2 2020 Earnings Report
Reported solid financial results driven by strong operational performance.
Key Takeaways
First Solar announced second quarter results with net sales of $642 million and net income per share of $0.35. The company's cash, restricted cash, and marketable securities totaled $1.6 billion.
Net sales were $642 million.
Net income per share was $0.35.
Cash, restricted cash, and marketable securities totaled $1.6 billion, with net cash of $1.2 billion.
Bookings reached 0.8 GWDC since the prior earnings call, including 0.5 GWDC of systems bookings.
Forward Guidance
First Solar provided limited guidance for the full year 2020.
Positive Outlook
- Module production: 5.9 GWDC, including 5.7 GWDC of Series 6 and 0.2 GWDC of Series 4
Challenges Ahead
- Operating expenses: $345 to $365 million (including $45 to $55 million of start-up expenses)
- Capital expenditures: $450 to $550 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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