Maxeon Solar Declares Q1/2022 Financial Results
Maxeon Solar Improves Q1/2022 Revenues But Reports Net Loss Of $-59 Million
Singapore headquartered solar cell and module maker Maxeon Solar Technologies reported its DG revenues as having gone up by 75% in Q1/2022 along with growth in shipments, yet the company reported GAAP net loss of $-59.2 million.
Canadian Solar Declares Q1/2022 Financial Results
Canadian Solar Shipped 3.63 GW Modules In Q1/2022; To Expand Manufacturing Capacity
Canada headquartered solar PV manufacturer Canadian Solar Inc managed to reach the lower end of its Q1/2022 revenue guidance with a 15% annual increase, and aims to report over 20.0 GW manufacturing expansion for ingot and wafer capacities.
Shoals Technologies Releases Q1/2022 Results
Revenues Up Annually For Shoals, But DOC Investigation Prompts Guidance Change
US based electricals balance of system (BOS) supplier for solar industry, Shoals Technologies Group improved its annual revenues by 49% and gross profit by 40% in Q1/2022, but citing anti-circumvention investigation has altered its annual guidance for 2022.
SMA Solar’s Q1/2022 Financial Results
Electronic Chip Shortage Pull Down SMA Solar’s Annual Sales For Q1/2022
German solar PV inverter company SMA Solar Technology AG recorded its highest order intake of the past decade in Q1/2022, however tight supply of electronic chips pulled down its annual sales in the quarter by 8.2% to €220.6 million.
FTC Solar Declares Q1/2022 Financial Results
US AD/CVD Investigation Impact: FTC Solar Withdraws 2022 Annual Guidance
FTC Solar is witnessing US project decisions and schedules being pushed out in time as a result of the AD/CVD investigation initiated by the US Department of Commerce (DOC) adding to current challenges in module procurement because of which it has now withdrawn annual guidance for 2022.
Borosil Renewables’ Q4/FY2022 Results
Indian Solar PV Glass Maker Improved Annual Net Sales By 28% In FY2022
Indian solar glass maker Borosil Renewables Ltd (BRL) improved its net sales in FY2022 (period ending March 2022) by 28% annually to INR 6.44 billion ($83.6 million), thanks to higher volumes and higher average ex-factory prices of tempered solar gla.
SunPower’s Q1/2022 Financial Results
SunPower Narrows Down Q1 Net Loss With Strong Residential Solar Demand
Strong demand from the residential segment helped US residential solar installer SunPower Corporation grow its annual GAAP revenues by 46% annually to $350 million in Q1/2022, and narrow down net loss to $-2.2 million from $-47.1 million a year back.
Sunrun Announces Q1/2022 Financial Results
Sunrun Exceeded Solar Deployment Guidance For Q1/2022 With Strong Customer Demand
US residential solar power company Sunrun exited Q1/2022 with 27% annual growth in installations that added up to 213 MW, exceeding its guidance of between 195 MW to 200 MW, owing to strong demand leading the company to revise upward its 2022 deploym.
Trina Solar Declares 2021 Financial Results
Trina Solar Shipped 24.8 GW Solar Modules In 2021, Comprising Over 16 GW Of 210 Panels
China headquartered global solar PV cells and module maker Trina Solar counts its total solar module shipments in 2021 to have added up to 24.8 GW, led mainly by 210 sized panels that made up over 16 GW of the total number, as per its annual report.
SolarEdge’s Q1/2022 Financial Results
Israel’s SolarEdge Posts Strong Q1/2022; Guides For Up To $740 Million Revenues For Next Quarter
SolarEdge Technologies, Inc, the Israel headquartered solar PV inverter supplier, ticked all the right boxes with its Q1/2022 revenues of $655.1 million having gone up 19% QoQ and 62% YoY, thanks to strong solar business in the US and Europe.
China PV News Snippets
Tongwei’s Operating Income At RMB 63.4 Billion & More From S.C New Energy
Tongwei increased operating income by 44% in 2021; S.C New Energy operating income for 2021 was at RMB 5 billion Tongwei’s operating income at RMB 63.4 billion: Releasing its 2021 annual report, China’s integrated PV product supplier Tongwei .
First Solar’s Q1/2022 Financial Results
Lower Module Sales & ASPs Pull Down First Solar’s Q1/2022 Net Sales; Company Posts Net Loss
American CdTe solar module manufacturer First Solar, Inc says decrease in module sales volume, ASP and lower project revenues in Japan pulled down its Q1/2022 revenues of $367 million 59% QoQ and 54% YoY, even as it booked 11.9 GW DC new capacity during the reporting quarter alone.
JinkoSolar’s Q1/2022 Financial Results
JinkoSolar’s Total Shipments, Revenues & Net Income Declined Sequentially In Q1/2022
A drop in solar module shipments in Q1/2022 pulled down JinkoSolar Holding Co, Ltd’s quarterly revenues by 9.9% to $2.33 billion, but increased 85.9% YoY, while gross margin of 15.1% declined QoQ as well YoY due to an increase in material cost of modules.
LONGi Shipped 38.52 GW Solar Modules In 2021
LONGi Exited 2021 With 105 GW Wafer Capacity; Shipped 6.44 GW Modules In Q1/2022
The world’s largest integrated solar PV manufacturer LONGi Green Energy Technology Co, Ltd shipped 38.52 GW worth of solar modules in 2021, of which 37.24 GW accounted for external sales, representing an annual increase of 55.45%.
China’s TZS Releases Q1/2022 Financial Results
TZS’ Annual Silicon Wafer Production Capacity Reached 95 GW By January 2022-End
One of the world’s largest solar wafer producers, Tianjin Zhonghuan Semiconductor (TZS) of China increased its annual silicon wafer production capacity to a total of 95 GW at the end of January 2022, increasing it up from 88 GW it reported at the end of 2021.
Enphase Energy’s Q1/2022 Financial Results
Enphase Improves Q1/2022 Revenues Having Shipped 1,029 MW DC Microinverters
US headquartered solar PV microinverter supplier Enphase Energy’s Q1/2022 revenues improved by 7% QoQ and 46% YoY despite the global supply chain being ‘under stress’ as the management remains confident of its supplier management and ‘qualification of alternate suppliers’.
Risen Energy Shipped 8.1 GW Modules In 2021
Risen Energy Grew Annual Operating Income In 2021, But Reports RMB -42 Million Net Loss
Chinese solar cell and module producer Risen Energy shipped 8.1 GW of modules in 2021, out of which 5.7 GW alone went overseas to markets as Brazil, Australia, Chile, Poland and Denmark.
NextEra: Up To 2.8 GW US Solar & Storage May Shift To 2023
US Commerce Department Circumvention Investigation for Solar Module Imports Hampering NextEra Energy’s 2022 Project Plans
US electricity utility NextEra Energy warns of approximately 2.1 GW to 2.8 GW of its solar and storage projects scheduled for installation in 2022 to be shifted to 2023 due to lack of sufficient solar panel supply, till the US Department of Commerce .
Tesla Deployed 48 MW New Solar In Q1/2022
Solar Component Delays Pull Down Tesla’s Q1/2022 PV Deployments By 48% YoY
Tesla has reported its solar PV deployments in Q1/2022 to have dropped by 48% on annual basis to 48 MW, compared to 92 MW in Q1/2021 due to import delays for certain solar components which the company said was beyond its control, without specifying more.
