First Solar, Inc. announced net sales for the first quarter 2018 of $567 million compared to $891 million in Q1 2017. Net income was $82 million, compared to $9 million in the first quarter of 2017 and loss of $432 million in the prior quarter. According to the company, net income increased compared to the prior quarter primarily as a result of lower tax expense, improved net sales, the mix of higher gross profit projects and higher other income.
In 2018, the company targets net sales of $2.45 billion to $2.65 billion.
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