SolarEdge Meets Q1/2024 Revenue Forecast With $204.4 Million
Narrows GAAP Net Loss Sequentially In An Environment Of High Interest Rates & Lower Electricity Prices
Wednesday, 15 May 2024
Israel-headquartered solar PV inverter manufacturer SolarEdge Technologies met its Q1/2024 revenue guidance while reporting a sequential drop of 35% and Year-over-Year (YoY) decline of 78%.
Nextracker Reports Record Revenue Growth In FY 2024
US Solar Tracker Maker’s Backlog Exceeds $4 Billion; Guides For Up To $2.9 Billion FY 2025 Revenues
Wednesday, 15 May 2024
US solar tracker manufacturer Nextracker marked FY 2024 (period ending March 31, 2024) with a 31% annual growth in revenues and achieved record backlog of over $4 billion.
China Solar PV News Snippets
Tongwei & LONGi Sign Polysilicon Sales Deal & More From Hangzhou First, DAH Solar, JinkoSolar, JIDI Solar, GCL Technology, Microquanta
Monday, 13 May 2024
Tongwei & LONGi sign polysilicon deal; Hangzhou First’s Q1 2024 net profit up over 43 YoY; DAH Solar starts 10 GW PV base; JinkoSolar & JIDI Solar sign 1 GW module supply deal; GCL Technology reports Q1 2024 results; VDE certification f.
Project Delays Pull Down Shoals’ 1st Quarter Revenues
Increased Orders By 17% YoY; Admits To Near-Term Uncertainty In Utility-Scale Solar Market
Monday, 13 May 2024
Shoals Technologies Group blames lower sales volumes owing to fewer production days and project delays for the 14% Year-over-Year (YoY) drop in its Q1/2024 revenues, a phenomenon that it expects to continue impacting its business in the short term.
US Solar Tracker Maker Meets Q1/2024 Revenue Guidance
FTC Solar Narrows Net Loss; Continues To Expect To Achieve Quarterly Profitability In Q4/2024
Monday, 13 May 2024
US solar tracker company FTC Solar managed to meet its revised Q1/2024 revenue guidance of within $10 million to $15 million while growing its total backlog by $70 million.
US Solar Tracker Manufacturer Reports Net Loss In Q1 2024
Array Technologies’ Revenues Slide Even As Order Book Gains Strength; 2024 Guidance Reiterated
Monday, 13 May 2024
Array Technologies, the leading US solar tracker manufacturer, closed Q1/2024 with a strong order book having added close to $400 million in the reporting period.
China Solar PV News Snippets
Canadian Solar Reports Q1 2024 Results & More From Leadmicro, Chint New Energy, PVH, CNNC, JD Solar
Friday, 10 May 2024
Canadian Solar’s Q1 2024 module shipments reach 6.3 GW; Leadmicro’s FY2023 net profit surges 400% YoY; Chint New Energy & PVH sign cooperation agreement; CNNC’s 2 GW offshore PV project approved; JD Solar to build 3 GW solar module manufacturing plant.
SMA Solar Q1/2024 Performance Meets Expectations
Registers Group Sales Of €361.8 Million With Large Scale Segment Showing Significant Growth
Friday, 10 May 2024
In Q1/2024, SMA Solar Technology AG saw its Home Solutions and Commercial & Industrial Solutions segments being impacted by normalized demands. There were also high inventories lying with distributors and installers.
China Solar PV News Snippets
Cybrid Reports FY2023 & Q1 2024 Financial Results & More From SC New Energy, Astronergy, Canadian Solar, Tianjiao New Energy
Thursday, 09 May 2024
Cybrid’s FY2023 revenue up 1.22% YoY; SC New Energy ships large-sized perovskite coating equipment; Astronergy wins CHD’s 1.5 GW n-type module bid; Canadian Solar secures bid for 3 BESS projects; Tianjiao New Energy starts construction on perovskite solar cell pilot line.
JA Solar’s 2023 Annual Revenues Improved 11.74 Percent
Overseas Shipments Made Up Around 48% Of Chinese Company’s 57 GW Solar Cell & Module Sales
Monday, 06 May 2024
JA Solar Technology says its solar cell and module shipments during FY 2023 exceeded 57 GW with overseas module shipments accounting for close to 48%.
Tongwei Solar’s 2023 Net Profit Declined 47.25 Percent
Chinese Manufacturer Shipped 80.66 GW Solar Cells While Bearing Impact Of Price Decline Across Industrial Chain
Monday, 06 May 2024
Leading Chinese solar cell, module and silicon manufacturer Tongwei Solar has admitted to its 2023 business suffering the impact of the sharp decline in prices across the solar PV industrial chain. Last year, it achieved an operating income of RMB .
Chinese Solar PV Giant Shipped 67.52 GW Modules In 2023
LONGi’s Q1/2024 Module Shipments 12.89 GW; Targets Up To 100 GW Cell & Module Shipments In 2024
Friday, 03 May 2024
The world’s leading solar wafer, cell and module manufacturer LONGi Green Energy Technology aims to ship between 90 GW and 100 GW of cells and modules in 2024, after reporting a 44% annual improvement in module shipments in 2023. The 67.52 GW mod.
First Solar Begins 2024 With $237 Million In Net Income
Management Reiterates Full Year 2024 Guidance; Says Plans To Seek Solar Cell Dumping Investigation In India
Thursday, 02 May 2024
American solar module manufacturer First Solar reported net sales of $794 million in Q1/2024 as its net income improved by $194 million to $237 million.
Daqo New Energy’s Q1/2024 Net Income Narrows Down
Accumulated Inventories & Lower ASPs Impact Chinese Polysilicon Maker’s Business
Wednesday, 01 May 2024
Chinese polysilicon manufacturer Daqo New Energy saw a decline in its Q1/2024 revenues and net income due to lower average selling price (ASP), and points to the significant pressure on the wafer sector from accumulated inventories and negative margi.
China Solar PV News Snippets
Hangzhou First At TaiyangNews Virtual Conference & More From LONGi, Canadian Solar, Arctech Solar, Tongwei, NEA
Wednesday, 01 May 2024
Hangzhou First at TaiyangNews Virtual Conference; LONGi & Canadian Solar report FY2023 results; Arctech Solar to build mounting system fab in Saudi Arabia; Tongwei supplies 50 MW modules to Corey Solar; China seeks public opinion on green power certificate issuance.
JinkoSolar Shipped 20 GW Solar Modules During Q1/2024
Lower Module Shipments & ASPs Pull Down Revenues; Manufacturer Targets 130 GW Annual Module Capacity
Wednesday, 01 May 2024
Leading Chinese solar PV manufacturer JinkoSolar Holding saw its total solar module shipments during Q1/2024 reach 20 GW, with 70% of these going to the Asia Pacific (APAC) and emerging markets.
Enphase Energy Suffers -$16.1 Million Net Loss In Q1/2024
Softer Demand & Channel Inventory Management Impacted US Revenues Even As European Contribution Increased
Friday, 26 Apr 2024
US-based microinverter and storage company Enphase Energy saw its Q1/2024 revenues slipping by almost 13% sequentially and over 63% annually, blaming the decline on seasonality and further softening in US demand. The company says it also under-ship.
China Solar PV News Snippets
TaiyangNews Virtual Conference On May 7-8, 2024 & More From LONGi, Huasun, SC New Energy, Jolywood, JinkoSolar, ZNSHINE
Friday, 26 Apr 2024
LONGi’s Yichun Wang to present at TaiyangNews Virtual Conference; Huasun hosts exclusive HJT Gala in Abu Dhabi; S.C New Energy’s HJT module hits 745.7 W; Jolywood’s FY2023 revenue up 28.01%; JinkoSolar’s FY2023 net profit up 1.
China Solar PV News Snippets
Hopewind Reports Upbeat FY2023 Financial Results & More From China Datang, Trina Storage, SC-SOLAR, Canadian Solar
Wednesday, 24 Apr 2024
Hopewind’s FY2023 net profits up 88% YoY; China Datang’s 2024-2025 PV module bid results announced; Trina Storage bags 20 MWh ESS order; SC-SOLAR delivers turnkey perovskite tandem line equipment; Canadian Solar’s SolBank 3.0 gets UL 9540A certification.
China Solar PV News Snippets
Trina Solar At Green Energy Expo 2024 & More From DAS Solar, Sungrow, Autowell, Sunmun Technology, Huasun Energy
Tuesday, 23 Apr 2024
Trina Solar to attend Green Energy Expo 2024 in South Korea; Trina’s i-TOPCon module achieves 740.6 W power; DAS Solar to set up PV cell fab in Weining County; Sungrow’s 2023 shipments up 69%; Autowell’s Q1 revenues up 89% YoY; Sunmun Technology partners with Huasun Energy.
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#China PV News Snippets: Hopewind named finalist for The smarter E AWARD 2024; @TotalEnergies partners for C&I in China; Amptek bags funding for perovskite fab; CHD Inner ...Mongolia gets 4.1 GW quota; @Sungrow_Power ESS for China’s 1st AC-DC power station https://taiyangnews.info/china-solar-pv-news-snippets-245/
SJVN Green Energy Limited, the green energy arm of Indian state-owned utility @SjvnLimited, has launched a tender to procure 377 MW capacity of solar modules listed in the ALMM ...#solarpv #solarenergy https://taiyangnews.info/indian-state-utility-launches-tender-for-solar-module-supply/
Global investment firm @OneCarlyle has announced a strategic investment into residential solar financing company @Sungage Financial. It will also purchase Sungage’s newly issued... residential solar loans under a $450 million forward flow agreement #solarpv https://taiyangnews.info/carlyle-pumps-in-450-million-in-us-residential-solar/
US Department of @ENERGY has announced $71 million in financial support for R&D projects to onshore solar wafer & cell manufacturing. The 18 selected projects aim to ...address gaps in the domestic solar manufacturing supply chain & open new markets for solar https://taiyangnews.info/us-announces-71-million-investment-in-solar-manufacturing/
The US government will imminently end Section 201 tariff exemption for bifacial solar panels. It will discourage module stockpiling by ensuring duty-free imported panels are ...installed within 180 days. Additional guidance for bonus tax credit under IRA out
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