First Solar sales were US$797.9 million in Q3: module ASPs decline

The company noted that its CdTe thin-film module average selling prices (ASP) declined in the quarter, which impacted revenue figures. "We continue to execute on our growth strategy and to develop sustainable markets for solar electricity," commented Rob Gillette, CEO of First Solar. "Our investment in research and development combined with plans to nearly double our manufacturing capacity will help us meet robust customer demand while continuing to drive down the cost of solar power."