JinkoSolar Shipped 4 GW Modules In Q2/2021
Responding To Price Increases, JinkoSolar Lowered Module Production In Q2/2021; Offers Upward Revision Of Manufacturing Capacity Plans; Working To Increase ‘Reliability’ Of Services To US Market
Even as JinkoSolar’s revenues declined in Q2/2021, the company sees better times ahead in H2/2021 and 2022.
SMA Solar Lowers Financial Forecast For 2021
Electronic Component Supply Shortage Forces German Solar PV Inverter Maker SMA Solar To Lower Group Sales & EBITDA Guidance For 2021
Unexpected cancellations of delivery quantities of electronic components have led SMA Solar to revise its 2021 forecast downward.
LONGi Shipped 17 GW+ PV Modules In H1/2021
LONGi Green Energy H1/2021 Solar Module Shipments Totaled 17.01 GW As Annual Operating Income Increased By More Than 74%
Integrated solar PV manufacturer from China, LONGi Green Energy Technology Co., Ltd. reported its annual solar PV module shipments in H1/2021 as 17.01 GW, out of which 16.6 GW was sold externally having improved 152.4% on annual basis.
JA Solar Shipped 10.12 GW Solar Modules In H1/2021
JA Solar’s H1/2021 Operating Income Goes Up 49% With Module Shipments Adding Up To 10.21 GW; Raw Material Prices Pushed Up Operating Costs
Chinese solar cell and module producer JA Solar exited H1/2021 with 48.77% improvement in operating income that added up to a total of RMB 16.19 billion. It attributes the increase in operating income to an increase in shipments and sales.
Azure Power’s Q1/2022 Operating Revenues Up 13% YoY
Azure Power Improves Q1/2022 Revenues & Net Profit Despite Commissioning 62 MW AC; Hopes To Sign PPAs With Discoms For Some Part Of 4 GW SECI Capacity Win Soon
NYSE listed Azure Power exited Q1/2022 with a total operating, contracted and awarded portfolio of 6.955 GW after commissioning 62 MW AC in the reporting quarter.
Trina Solar Shipped 10.5+ GW Modules In H1/2021
Chinese Solar Module Producer Trina Solar Shipped Over 10.5 GW Solar Modules In H1/2021 While Growing Annual Revenues By 61%
Trina Solar increased its total shipments for the period H1/2021 by close to 80% on annual basis to 10.5 GW, up from 5.84 GW a year back.
Jolywood Releases H1/2021 Financial Report
Chinese Solar Module Maker Jolywood Plans To Build 10 GW N-Type High Efficiency Bifacial Solar Module Production Capacity In Nanqiao, China; High Shipping & Raw Material Prices Impacted H1/2021 Net Profit
Chinese solar backsheet, cells and module producer Jolywood is expanding its module production capacity by 10 GW with the signing of a strategic cooperation framework agreement with the local government of Nanqiao district in Chuzhou city.
Hangzhou First’s H1/2021 Operating Income Up 69%
Solar Encapsulation & Backsheet Producer Hangzhou First Of China Sold 310 Million Sq. Mtr. PV Backsheet, While Increasing Annual Operating Income By Over 69%
Chinese solar encapsulation and backsheet manufacturer Hangzhou First Applied Materials had a strong 1st 2 quarters in 2021 with its operating income having grown 69.29% to a total of RMB 5.71 billion over previous year.
Tongwei’s H1/2021 Cell Shipments Nearly Double
Tongwei Increased H1/2021 Operating Income By Over 41% & Shipped More Than 92% Solar Cells & Modules; Working On 1 GW TOPCon Pilot Line
One among the largest PV value chain manufacturers from China, Tongwei sold mostly solar cells and modules worth 14.93 GW, growing H1/2021 shipments by 92.68% on annual basis.
Daqo New Energy Reports ‘Excellent’ Quarter In Q2/2021
Higher ASP & Tight Supply Leads Chinese Polysilicon Supplier Daqo New Energy’s Q2/2021 Revenues To Jump Up Over 230%; Management Sees Constrained Supply To Continue In 2022, But Demand To Grow
In a tight supply environment for polysilicon Daqo New Energy sold its products for ASP of $20.81 per kg in Q2, the highest it has experienced since Q1/2017.
FTC Solar’s Q2/2021 Net Loss Widens
Lower Product Volume Pulls Down American Solar Tracker Supplier FTC Solar’s Q2/2021 Revenues By 2% YoY; Says Taking ‘Meaningful Actions’ To Mitigate Impact Of Global Logistical & Elevated Cost Challenges
Solar tracker supplier from the US, FTC Solar, Inc. registered a 2% decline in its Q2/2021 revenues that added up to $50.1 million owing to ‘slightly lower product volume’.
Canadian Solar Shipped 3.7 GW Modules In Q2/2021
Canadian Solar Grew YoY Revenues For Q2/2021 By 105%; Company Dealing With Higher Supply Chain Costs With Higher Module Pricing; Lowers 2021 Module Shipment Guidance To Between 16 GW To 17 GW
Canadian Solar has lowered its FY 2021 shipment guidance to 16 GW to 17 GW, down from 18 GW to 20 GW.
Maxeon Solar’s Q2/2021 Revenues Grew Over 6% YoY
Maxeon Solar Technologies Grew Annual Revenues In Q2/2021 By Over 6%, But Net Loss Widened; Planned US Fab To Have 3 GW Annual Performance Line Solar Cell & Module Capacity
SunPower spin-off Maxeon Solar Technologies is mostly experiencing revenue growth from the EMEA and rooftop distributed generation led by IBC technology.
COVID-19 Brought Down SMA Solar’s H1/2021 Sales
German Solar PV Inverter Manufacturer SMA Solar Technology’s H1/2021 Sales Decline 5% Due To COVID-19 Related Uncertainties, But Net Income Increases; Order Backlog Grows 12% YoY; Management Confirms 2021 Sales Guidance
While sales in the business solutions segment declined, SMA Solar saw an increase in home solutions and large scale & project solutions business during H1/2021 on annual basis.
Revenue Up, Gross Margin Down For Array Tech. In Q2/2021
Higher Input & Logistics Costs Trouble Array Technologies In Q2/2021 Even As Revenues Grew 76% YoY; Secures Up To $500 Million Capital Commitment From Blackstone Energy Partners
Higher input and freight costs pulled down Array Technologies’ gross margin for Q2/2021 to 13.2% compared to 19.3% in Q2/2020. Yet its revenues went up 76% YoY to $202.8 million and adjusted EBITDA to $16.2 million, growing 23% over same period.
Q2/2021 YoY Revenues For Shoals Technologies Go Up
Shoals Technologies Ticks All Boxes For Q2/2021 Performance; Achieves Over Revenue & Adjusted EBITDA Growth Annually; Sees Minimal Impact From Global Solar Supply Chain Pressures
Growth of its System Solutions business segment increased Shoals Technologies' revenues for Q2/2021 by over 38% to $59.7 million.
Polysilicon Prices Push Up Wacker Chemie’s Q2/2021 EBITDA
High Volumes & Polysilicon Prices Lead Wacker Chemie’s EBITDA Growth & Group Sales Volumes In Q2/2021; Management Guides 2021 Group Sales At Around €5.5 Billion
Wacker Chemie’s polysilicon business has been performing well since the beginning of 2021, and for the remainder of the year it expects the positive trend in polysilicon prices and strong demand in the chemical divisions to continue.
