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First Solar Q1 Profit Soars 455% on Strong Sales, Improved Margins

The company’s net sales also rose by 45% year-over-year

May 2, 2024

/ Arshreet Singh
/ Finance and M&A, Solar
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U.S.-based First Solar’s net income for the first quarter (Q1) of 2024 surged by 455% to $236.6 million from $42.6 million in the same quarter last year, with the solar module manufacturer benefitting from higher sales volume and gross margins.

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Arshreet Singh

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