First Solar posted a Q1 net profit of $112m, up from $59m at the same stage in 2013.
Sales were $950m, up $182m on the preceding fourth quarter of 2013, mainly thanks to revenue from the 139MW Campo Verde project in California.
The result led First Solar to boost 2014 gross margin expectations to 17%-18%, from a previous 16%-17%, and for operating income to $290m-$340m, adding $20m at both ends of the range.
Jim
