First Solar ranks #7 on Fortune's 100 Fastest Growing Companies list
With an earnings per share growth of 228% and a revenue growth of 141%, First Solar ranks #7 on Fortune's 100 Fastest Growing Companies list. Last month the company reported strong second quarter financial results, highlighted by net sales of $588 million and a reduction in its photovoltaic (PV) module manufacturing costs. The Arizona based firm is the world's largest supplier of PV modules and has expanded its global reach by recently entering the Chinese market. First Solar has produced more than 26 million solar modules that generate over 2 GW of power.
Image credit: First Solar