First Solar (FSLR) stock was fluctuating at $90.60 with small volatility from June 30 till July 9. Then, starting from June 12, the stock started to slowly fall down until it reached $80.61 on July 19, which is the lowest one during the last 30 days. After the fall, the stock is still fluctuating at $82.10 with no big volatility.
On July 29, First Solar made an announcement about the release of the financial results for the second quarter which ended 30, 2021. According t the results, the net sales of the company is $629 million, which is lower for $174 million comparing to the previous quarter which is related with the sales of Sun streams projects in the last quarter.
The operating income is $110 million which is lower by 56% than in the prior quarter. However, the cash equivalents are approximately $2.1 billion, which is higher by $255 million compared to the prior quarter. This increase is related to the proceeding of the U.S project development business’ sale.
Finance and Entertainment Reporter
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