More on First Solar's Q2: Gross margin was 25.4%, down from 36.5% in the year-ago period, but up...

|By:, SA News Editor

More on First Solar's Q2: Gross margin was 25.4%, down from 36.5% in the year-ago period, but up from Q1's 15.4%. Also, opex fell 20% Y/Y even as revenue surged, evidence the company's cost-cutting efforts are paying off. Not entirely clear is how much anti-dumping tariffs are helping First Solar's top line. Accounts receivable (closely watched given payment concerns) totaled $580.8M, -33% Q/Q. Inventories were nearly flat. FSLR +13.1% AH. (PR)