First Solar revenue falls in Q1 as US facility investments take priority

First Solar, a US-based manufacturer of solar panels, posted $548 million in first-quarter revenue, lower than market expectations. They have a backlog of 69.4 GW worth $20.4 billion. First Solar produced 2.36 GW of Series 6 panels and began production of Series 7 modules. They demonstrated high-volume manufacturing at their Ohio facility. Shipments of Series 7 modules are expected to start in June 2023. They are also set to begin production in Chennai, India. ERS Infrastructure, a Canadian investment firm, owns and operates renewable energy projects across nine US states.

Source:

https://www.pv-magazine.com/2023/05/01/first-solar-q1-2023-revenue-down-with-investments-in-u-s-facilities-taking-precedent/

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