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Published: Thursday, 7/31/2008

First Solar sales, profits soar

First Solar Inc. said yesterday that sales more than tripled in the second quarter to $267 million from $77 million at the same time last year.

The Tempe, Ariz., solar panel producer, which has its only U.S. plant is in Perrysburg Township, also reported a 57 percent increase in quarterly profits. They jumped to $69.7 million, or 85 cents a share, from $44.4 million, or 58 cents a share, in the prior-year period.

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