U.S.-based solar modules manufacturer First Solar has recorded a net loss of $43.25 million in the first quarter (Q1) of 2022 representing a quarter-over-quarter (QoQ) decline of 67.07% compared to the net profit of $131.37 million registered in the previous quarter. The company recorded a 79.37% year-on-year (YoY) decrease from $209.67 million recorded in Q1 2021.