U.S.-based solar modules manufacturer First Solar has recorded a net income of $55.8 million in the second quarter (Q2) of 2022, representing a quarter-over-quarter (QoQ)  increase of 99% compared to the net loss of $43.26 million registered in the previous quarter. However, the company recorded a 26% year-on-year (YoY) net income decrease from $82.45 million in Q2 2021.