First Solar revealed sales for the first quarter were $367 million, a decrease of $540 million from the prior quarter, primarily due to a decrease in module sold volume, a decrease in the module average selling price, and lower project revenue in Japan.
First Solar reported a first quarter loss per share of $0.41, compared to earnings per diluted share of $1.23 in the fourth quarter of 2021.
“We are encouraged by our bookings progress, as we booked 11.9 GWDC in less than 60 days since the prior earnings call, bringing our year-to-date bookings total to 16.7 GWDC, setting ourselves up for 2023 and beyond,” said Mark Widmar, CEO of First Solar. “Our agile approach to contracting continues to attract customers looking for long-term certainty and value.”