First Solar (FSLR) Stock Declines 16% In A Week: The Financial Results For The Second Quarter That You Should Be Aware Of.

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.

Richard McEntire

Finance and Entertainment ReporterRichard is a bottle of wine - the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.

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