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.
China Solar PV News Snippets
GCL-ET To Construct 1.9 GW DG Solar Projects & More From Hangzhou First, CECEP Solar, Xinyi Glass, Hoymiles, MIIT
Tuesday, 16 Apr 2024
GCL-ET plans 1.9 GW DG solar PV projects; Hangzhou First postpones 2 factories; CECEP Solar’s FY2023 net profit up 13.75%; Xinyi Glass begins construction on Shangrao PV glass plant; Hoymiles launches C&I energy storage converter; China supports rural EV charging infrastructure.
China Solar PV News Snippets
JA Solar To Set Up 5 GW Module Fab In Inner Mongolia & More From DMEGC Solar, Seraphim, TBEA, SPS
Wednesday, 10 Apr 2024
JA Solar to build 5 GW fab in Inner Mongolia; DMEGC Solar forecasts 2024 n-type shipments surpassing 80%; Seraphim starts construction on 10 GW module fab; TBEA’s 2023 installations hit 2.19 GW; SPS completes Series A financing.
US Utility-Scale Business Led Maxeon Solar’s Q4/2023 Revenues
Preliminary Results Show GAAP Net Loss; Management Offers Subdued Q1/2024 Guidance
Tuesday, 09 Apr 2024
Maxeon Solar Technologies has offered a very conservative shipment and revenue guidance for Q1/2024 after reporting a gross loss of -$32 million and a GAAP net loss of -$184 million in Q4/2023 while sharing its preliminary unaudited results for last .
Emeren Group Ltd Reports -$9.3 Million Net Loss For 2023
SOL Cites Project Delays & Regulatory Uncertainty In US & Europe; Pins Hopes On DSA & Growing Demand For Solar
Monday, 01 Apr 2024
US and Europe-focused solar power developer Emeren Group Ltd exited 2023 with a missed guidance and net loss for which it has blamed rising interest rates and project delays for a number of reasons, including regulatory uncertainty in the 2 markets.�.
2023 A Strong Operational & Financial Year For JinkoSolar
Chinese Manufacturer Shipped Over 78 GW Modules In 2023; Guides For Up To 110 GW In 2024
Thursday, 21 Mar 2024
Riding on the increasing global demand for solar power, leading Chinese solar PV manufacturer JinkoSolar Holding exited 2023 with total module shipments of around 80 GW.
Chinese Polysilicon Supplier’s 2023 Annual Revenues Decline
GCL Technology’s Polysilicon & Wafer Sales Went Up As Drop In ASPs Pulled Down Gross Profit Margin
Monday, 18 Mar 2024
Leading polysilicon and wafer manufacturer from China GCL Technology Holdings Limited had a profitable year in 2023, even though it declined by over 84% thanks to the drop in average selling price (ASP) of polysilicon.
Meyer Burger’s 2023 Business Suffered ‘Market Distortions’
Annual Sales Down, Manufacturer Finds Capital Support Commitments From Shareholder & Customer
Friday, 15 Mar 2024
European solar cell and module producer Meyer Burger Technology cites European market distortions and unfair market conditions for reporting a total loss of CHF -292 million ($-330 million) in 2023.
Canadian Solar Beats Q4/2023 Solar Module Shipment Guidance
Quarterly Revenues Impacted By Declining Average Module Prices But Reports $7.6 Billion ‘Record’ Full Year Revenues
Thursday, 14 Mar 2024
Canada-headquartered solar PV manufacturer Canadian Solar exceeded its shipment guidance for Q4/2023, even though its revenues suffered 8% QoQ and 14% YoY decline thanks to the decline in module ASPs, along with a drop in shipment volume and lower project sales.
FTC Solar Narrowed GAAP Net Loss In Q4/2023 To -$11.2 Million
Lower Product & Logistics Volumes Pull Down Revenues As Company Expects Further Drop In Q1/2024
Thursday, 14 Mar 2024
US solar tracker producer FTC Solar says its Q4/2023 revenues were impacted by lower product and logistics volumes and expects to report further drop in revenues in Q1/2024.
China Solar PV News Snippets
Huasun & AE Power Sign Cooperation Agreement & More From DMEGC Solar, Jolywood, Gaoce, DAS Solar
Tuesday, 12 Mar 2024
Huasun signs AE Power as exclusive distributor in Pakistan; DMEGC reports FY2023 results; Jolywood’s industrial & high-purity silicon fab on hold; Gaoce’s Yancheng base rolls out 1 billionth wafer for 2024; Sunwell New Energy delivers 8 GW TOPCon wet process equipment.
China Solar PV News Snippets
JTPV Ranked 1st Among TOPCon Manufacturers In 2023 & More From Canadian Solar, LONGi, DKEM, Sichuan Province
Friday, 01 Mar 2024
InfoLink Consulting ranks JTPV 4th in total 2023 cell shipments & 1st for TOPCon; Canadian Solar FY2023 net profits up 34.6%; 10 entities to establish PV industry innovation center in Sichuan; LONGi launches new HPBC double-glass module; DKEM reports stellar results.
SMA Solar Technology Exits 2023 ‘Extremely Successfully’
High Demand, Especially For Large-Scale Solar, Boosts German Inverter Maker’s Business
Friday, 01 Mar 2024
German solar inverter supplier SMA Solar Technology had a solid run in 2023 led by the Large Scale and Project Solutions segment as demand slows down for Home and Commercial & Industrial Solutions segments.
Daqo Upbeat About 2024 Despite 2023 Revenue Drop
Chinese Polysilicon Manufacturer Guides For Up To 50% Annual Increase In 2024 Production Volume
Thursday, 29 Feb 2024
Leading Chinese polysilicon producer has reported a 50% decline in its annual revenues for 2023, blaming it on lower ASPs, but the decline was partially offset by higher sales volume.
US Solar Manufacturer Reports Strong Financials For 2023
Increased Module Sales Improve First Solar’s Revenues In Q4/2023; Forecasts Higher Sales For 2024
Wednesday, 28 Feb 2024
Higher ASPs and improved solar module sales helped First Solar report a 27% annual increase in 2023 net sales, as the company expects to further improve with 33% to 39% annual increase in 2024. In terms of volumes, the US solar module manufacturer .
China Solar PV News Snippets
Astronergy TOPCon Cells Achieve Up To 26.9% Efficiency In R&D & More From Aiko Solar, China Huaneng, Canadian Solar, Drinda, YONZ Technology, CMA
Monday, 26 Feb 2024
Astronergy’s TOPCon cells achieve 26.9% efficiency; Aiko to build 10 GW ABC cell and module fab in Jinan; China Huaneng & Canadian Solar’s IEC standard approved; Drinda reports upbeat results for FY 2023; YONZ Technology’s IPO approved; CMA.
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