First Solar Shipped 5.5GW of CdTe Modules
First Solar announced 5.5GW of PV module deliveries in 2020, producing a net income of $2.7 billion. The SMSL member posted sales of US$609.2 million in the fourth quarter of 2020, down from US$927.6 million the previous quarter.
The company has previously stated that it projected net revenue in the fourth quarter to range between US$540 million and US$790 million. The figure accounts for potential delays in the selling of its Sun Streams 2 plan as well as the timing of module sales acknowledgment, which has been postponed until February 2021.
Balance sheet cash and cash equivalents were $1.79 billion at the end of last year, down 21% year on year. This owes largely to capital expenditures attributable to the company's transition to Series 6 module manufacturing.
First Solar forec...