SOURCE: Industrial Info Resources

Industrial Info Resources

August 14, 2012 06:15 ET

First Solar Eclipses Previous Sales Numbers, Looks to Bright Future, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Aug 14, 2012) - Researched by Industrial Info Resources (Sugar Land, Texas) -- First Solar Incorporated (NASDAQ:FSLR) (Tempe, Arizona) announced at the start of August that it has more than doubled net sales for the second quarter of 2012 over the previous quarter and over the same period last year. Net sales were $957 million, an increase of $460 million from the first quarter of 2012 and $425 million from the second quarter of 2011. The gains were primarily due to an increase in the number and size of projects under construction. The company's good fortunes are running counter to those of some competitors. Industrial Info is tracking 23 active projects in North America, Chile and Australia, worth $12.7 billion, in which First Solar is a participant.

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