Array Reports 92% Revenue Growth For 2022
Array Narrows Annual Net Loss In 2022 As Q4 Revenues Jumped Up 83%; Guides For 2023 Revenues To Increase Up To 19% Without Factoring In Potential IRA Benefits
Released after 2 extensions of late filing, Array Technologies, Inc has finally published its annual results for 2022 reporting 92% annual revenue growth to $1.63 billion. The strong revenue increase is thanks to the STI Norland acquisition.
Meyer Burger To Expand US Module Manufacturing Capacity
Meyer Burger Reports 250%+ YoY Revenue Growth In 2022 While Narrowing EBITDA Loss; To Scale Up Arizona Fab’s Annual Capacity To 2 GW
Sale of 250 MW solar modules for CHF 125.0 million helped Meyer Burger improve its 2022 net sales by over 269% annually to CHF 147.2 million.
Canadian Solar Shipped Over 21 GW Modules In 2022
Canadian Solar Achieves Module Shipment & Revenue Guidance For Q4/2022; Gets Clearance For CSI Solar’s China IPO
Canadian Solar Inc has secured approval from the China Securities Regulatory Commission (CSRC) for its manufacturing subsidiary CSI Solar’s carve-out initial public offering (IPO) making way for the latter to be listed in China, the company announc.
Enlight’s 2022 Revenues Improved 88 Percent YoY
Israel & US Listed Enlight Improved 2022 Annual Revenues, Adjusted EBITDA & Net Income; Increases Annual Project Deployment Guidance From 2026
Enlight Renewable Energy, the Israel based renewable energy company that has now also debuted on the NASDAQ and raised $271 million, improved its annual revenues in 2022 by 88% to $192 million along with reporting 96% increase in adjusted EBITDA having brought online over 810 MW new capacity.
Germany’s SMA Solar Exceeds 2022 Sales Guidance
SMA Solar Returns To Profitability In 2022 With A Significant EBITDA Increase Citing High Demand & Gradual Improvement In Supply Issues
According to German solar PV inverter supplier SMA Solar Technology’s provisional financial results for 2022, the company significantly increased its EBITDA from €8.5 million to €70.0 million and EBITDA margin to 6.6% which the company attribut.
JinkoSolar Shipped 44 GW+ Solar PV Modules In 2022
JinkoSolar Exceeded 2022 Module Shipment Guidance As High Silicon Prices Pulled Down Gross Margin; Targets To Add 20 GW New Module Capacity By 2023-End
Chinese solar PV manufacturer JinkoSolar Holding shipped a total of 44.52 GW solar modules in 2022, including 16.0 GW in Q4/2022, even as increase in silicon cost pulled down its gross margin to 14.8% last year; confident of enough polysilicon supply.
Maxeon Reports $20 Million Gross Profit For Q4/2022
Maxeon Solar Achieves Q4/2022 Revenue Guidance But Expands Net Loss; Locks In 4.2 GW US Utility Scale Orders till 2025
Solar panel manufacturer Maxeon Solar Technologies ended the year 2022 with annual revenues of $1.06 billion having shipped 2.35 GW modules, meeting its Q4/2022 revenue guidance with $324 million and achieving gross profit of $20 million attributing .
Array’s Order Book Till Dec 2022-End Was Worth $1.9 Billion
Array Delays 2022 Financial Results Filing, But Expects To Exceed Annual Revenue Guidance; Exits Year With $1.9 Billion Order Book
NASDAQ listed solar tracker manufacturer Array Technologies expects to exceed its annual revenue guidance for 2022 to report between $1.62 billion to $1.64 billion claiming it represents organic growth of nearly 50%, and guides for 2023 revenues to f.
Shoals Technologies Turned Profitable In Q4/2022
Shoals Reports 97% Annual Revenue Improvement In Q4/2022 Citing Higher Sales Volumes & Growing Demand For Solar EBOS
US based electrical balance of system (EBOS) solutions provider Shoals Technologies Group has reported increased annual revenues, gross profit and achieved profitability in Q4/2022 thanks to higher sales volumes and grew its backlog and awarded orders volume by 43%.
Daqo New Energy’s 2022 Revenues Shot Up 175% YoY
50% Annual Increase In Average Polysilicon Prices Increased Daqo’s 2022 Net Income By 148.4%; Forecasts To Produce Up To 46% More In 2023
One of the world’s leading polysilicon suppliers, Daqo New Energy sailed on the soaring demand for polysilicon whose price shot up by as much as 50% YoY in 2022 helping the Chinese company report 175% annual growth in revenues to $4.61 billion and .
FTC Solar Reports Annual Decline In Q4/2022 Revenues
FTC Solar Blames Lower Demand For Solar In US For -$20 Million Net Loss; Expects Imported Module Availability To Determine US Market Improvement
US solar tracker systems provider FTC Solar, Inc achieved GAAP revenues of $26.2 million in Q4/2022, within the guided range but with an annual decline of 74.2% as it narrowed down its net loss to -$20.5 million attributing it to lower demand environ.
First Solar’s Backlog Of Future Deliveries Now 67.7 GW
First Solar Reports -$44 million Net Loss In 2022; Says Fully Sold Out Through 2025 & Guides For Up To 12.3 GW DC Module Sales In 2023
American solar module manufacturer First Solar, Inc has reported net loss of -$44 million in 2022 while its net sales declined 10% to $2.6 billion as it faced impacts from high capital expenditures on its new fabs in the US and India, but future is p.
Canadian Solar Expects Higher Quarterly Guidance
Canadian Solar Subsidiary CSI Solar Anticipates Higher Module Shipments & Revenues For Q4/2022 Than Forecast
Canadian Solar Inc. has released updated guidance for its Q4/2022 financials now expecting to exceed its previous revenue and solar module shipment forecast for the quarter, while reaffirming total module shipment guidance of 30 GW to 35 GW for 2023.
Sunrun Reports $63 Million Net Income For Q4/2022
Sunrun Increased New Solar PV Capacity Additions In Q4/2022 By 25% YoY With 275.4 MW; Reports 44% Annual Growth In Revenues In 2022
US residential solar company Sunrun turned profitable again in Q4/2022 as it reported $63 million in net income compared to -$38 million net loss a year back.
India’s ReNew Improved Q3/FY23 Revenues By 19.4% YoY
Increase in Operating Capacity Pushed ReNew Power’s Revenues While Lowering Its Net Loss; Management Expecting Cheaper Imports In Future
Increase in operating capacity and late payment surcharge from customers helped NASDAQ listed renewable energy company ReNew Power to increase its annual revenues for Q3/FY23 (period ending December 2022) by 19.4% and for 9M/FY23 by 23.1%, while expa.
SunPower Grew Customer Base & Net Income In 2022
SunPower Leans Towards Multifamily Segment & Markets Beyond California To Offset Anticipated Slowdown In New Homes; Strikes Deals With Maxeon & Hanwha Qcells
US residential solar installer SunPower Corporation reported a healthy 2022 with 53% annual growth in GAAP revenues and growing its net income manifold to $102.4 million, up from $6.1 million, while also striking module supply deals with Maxeon Solar.
SolarEdge Reports ‘Record’ 2022 Revenues, Up 58% Annually
SolarEdge Gets Ready To Start Shipping Initial Products From US Fab By Q3/2023, After Reporting Strong Financials In 2022
Israel based solar inverter supplier SolarEdge Technologies, Inc exited 2022 with ‘record’ revenues of $3.11 billion that increased 58% annually, including $890.7 million in Q4/2022 as it expects to start rolling out initial products from the planned US manufacturing facility in Q3/2023.
Enphase Exited 2022 With Over 68% Jump In Annual Revenues
Enphase Energy Reports ‘Record’ Revenues Of $724.7 Million In Q4/2022; Targets 10 Million Quarterly Microinverter Production Capacity By 2023-End
US based solar microinverter and battery supplier Enphase Energy, Inc has reported a strong Q4/2022 with a ‘record’ quarterly revenue of $724.7 million reflecting an annual improvement of more than 75%, contributing to its annual revenues for 2022 growing more than 68% to $2.3 billion.
