3.75 GW DESRI Order For Meyer Burger In US
Meyer Burger To Accelerate Expansion Of Arizona Fab To 1.5 GW With DESRI Order Coming In
Thursday, 18 Aug 2022
European solar cell and module maker Meyer Burger Technology AG has landed itself a plum order for a long term 3.75 GW module supply with US based DE Shaw Renewable Investments (DESRI) as it reported over 200% annual improvement in consolidated net sales for H1/2022.
Shoals Technologies’ Q2/2022 Revenues Up 23% YoY
Strong Q2 For Shoals Technologies As Backlog & Awarded Orders Increase Annually
Tuesday, 16 Aug 2022
US based Shoals Technologies Group reported a healthy Q2/2022 having grown its annual revenues by 23% to $73.5 million, while backlog and awarded orders improved 63% to $327.2 million as order patterns ‘normalized’ with the White House’s 2-year.
Borosil Bullish On Strong Domestic & Global Demand
Borosil Improved Q1/FY2023 Revenues YoY; Experienced Higher Impact Of Raw Material & Energy Costs
Monday, 15 Aug 2022
Indian solar glass manufacturer Borosil Renewables Limited (BRL) saw its net revenues in Q1/FY2023 (period ending June 2022) growing 25% annually to INR 1.7 billion ($21.35 million) thanks to strong demand in the domestic as well as export markets.
SMA Solar’s H1/2022 Financials Take A Beat
Supply Chain Challenges Pull Down SMA Solar’s H1/2022 Sales, But Management Reiterates Annual Guidance
Monday, 15 Aug 2022
German solar inverter maker SMA Solar Technology AG blamed ‘persistent supply difficulties’ for electronic components’ impacting its financials in H1/2022 as net income declined to -€10.6 million compared to €13.3 million earned a year back, however its order intake continued to be high.
RWE Earnings Increase Strongly in H1/2022
RWE Focuses On Growing Green Strategy; To Invest €5 Bn In 2022 To Expand Green Portfolio
Friday, 12 Aug 2022
RWE registered strong performance in the first half of 2022. The German energy group’s adjusted EBITDA (earnings before interest, taxes, depreciation, and amortisation) at Group level was at €2,858 million.
Higher Revenue And Losses In Q2/2022 For Array Technologies
US Solar Tracker Company Array Technologies’ Revenues Improved Annually By 116% But Net Loss Widened To -$15 million
Wednesday, 10 Aug 2022
Solar tracker supplier to utility scale projects, Array technologies grew its consolidated revenue by 116% annually to $424.9 million, mainly due to $72.7 million coming in from STI Norland that it acquired, yet net loss widened to -$15 million, up from -$5.5 million in the previous year.
FTC Solar Announces Q2/2022 Financial Results
FTC Solar’s Q2/2022 Revenues Slid 38% QoQ With Lower Demand & Module Supply Challenges
Wednesday, 10 Aug 2022
US based solar tracker supplier FTC Solar has reported its Q2/2022 revenues of $30.7 million to have dropped 38% QoQ and 39% YoY, pulled down by lower demand in the US, module availability constraints and regulatory environment.
China PV News Snippets
China Aneng Wins 400 MW PV Project Bid & More From Risen, Jolywood, Eging, PowerChina
Monday, 08 Aug 2022
China Aneng to build 400 MW PV project in Hotan; Risen installs PV modules for Zhejiang Yilin Machinery; Jolywood reports RMB 231 million net profit in H1/2022; Eging PV’s 5 GW module fab to start production soon; PowerChina fishery-PV project begins construction.
Strong Q2/2022 for Sunrun
Leading US Solar Rooftop Integrator Sunrun’s Q2/2022 Installations Grew 33% YoY & Revenues 46% With ‘Surging Demand’
Friday, 05 Aug 2022
US residential solar financier and installer Sunrun posted a strong Q2/2022 with annual installations growing 33% to 246.5 MW exceeding expectations, 21% improvement in customer additions, and revenues rising 46% to $584.6 million.
Daqo New Energy’s Q2/2022 Financial Results
Citing Better-Than-Expected H1/2022 Performance, Daqo Increases 2022 Annual Guidance
Thursday, 04 Aug 2022
Leading Chinese polysilicon producer Daqo New Energy has increased its annual production volume guidance for 2022 after having achieved ‘better-than-expected’ operational performance in H1/2022 as its gross profit for Q2/2022 went up over 16% QoQ and over 200% YoY to $946.9 million.
SunPower Declares Q2/2022 Financial Results
US Residential PV Company SunPower’s Customer Tally Grew 51% & Revenues 63% Annually In Q2/2022
Wednesday, 03 Aug 2022
Riding high on customer demand, US residential solar power company SunPower Corporation improved annual revenues in Q2/2022 by 63%, and reiterated its 2022 guidance of 73,000 to 80,000 incremental customers.
SolarEdge’s Q2/2022 Financial Results Out
Europe & US Markets Drive Solar Revenues For SolarEdge In Q2/2022 As Supply Chain Challenges Continue
Wednesday, 03 Aug 2022
Israel headquartered solar PV inverter supplier SolarEdge Technologies, Inc saw its GAAP revenues surge 52% YoY to $727.8 million in Q2/2022 led by solar, and growing demand for clean energy, majorly from Europe and the US markets, however its net income went down 67% to $15.1 million.
Wacker Chemie’s Q2/2022 Financial Results
Wacker’s Q2/2022 Polysilicon Sales Went Up 61% YoY With Higher ASPs
Monday, 01 Aug 2022
Strong demand and high ASPs for solar-grade silicon led to Germany’s Wacker Chemie AG reporting 61% annual increase in polysilicon sales for Q2/2022, contributing over 26% of group sales even as higher energy and raw material prices pulled down its EBITDA by 5% sequentially.
First Solar’s Q2/2022 Financial Results
First Solar Sold Out For 3 Years; May Consider US For Another Fab If Incentives Provided
Friday, 29 Jul 2022
Increasing solar module sales has enabled First Solar to improve its net sales for Q2/2022 by $254 million from last quarter to a total of $621 million, but declined 8% YoY, as it lowered its earnings guidance for 2022 citing legacy systems business .
Aiko Solar’s H1/2022 Financial Results
Chinese Solar Cell Supplier Aiko’s H1/2022 PERC Shipments Grew 94% YoY To 16.5 GW
Friday, 29 Jul 2022
Aiko Solar reported its H1/2022 solar cell shipments as adding up to 16.5 GW, having grown by 94% annually with average shipment of large sized cells accounting for over 80% of the total, thanks to growing demand within and outside of China.
Healthy Enphase Energy’s Q2/2022 Financial Results
Strong European Sales Lead Enphase Energy To Report Another Strong Quarter In Q2/2022
Wednesday, 27 Jul 2022
US based solar microinverter and storage systems supplier Enphase Energy, Inc reported another healthy quarter in Q2/2022 with 66% annual growth in the US and 89% in Europe contributing to total revenues of $530.19 million, while GAAP net income swelled to $76.97 million.
Good Financial Results For LONGi In H1/2022
LONGi Green Energy Expects H1/2022 Operating Income To Grow By Up To 45% YoY
Tuesday, 26 Jul 2022
The world’s largest integrated solar PV manufacturer LONGi Green Energy Technology, in its preliminary financial results for the period between January 2022 and June 2022, expects to report operating income of between RMB 50 billion to RMB 51 billion.
Scatec Reports NOK 68 Million Loss For Q2/2022
Lower Ukraine Revenues Among Reasons For Norway’s Scatec Reporting Loss In Q2/2022
Tuesday, 26 Jul 2022
Norway headquartered renewable energy company Scatec has reported NOK 68 million consolidated net loss for Q2/2022, as its revenues and EBITDA too declined owing to factors including lower revenues from Ukraine.
Tesla Deployed 106 MW Solar In Q2/2022
Tesla Improves Q2/2022 Solar Installations By 25% Annually To 106 MW As Import Delays Continue
Thursday, 21 Jul 2022
American automotive and clean energy business Tesla has reported its solar installations in Q2/2022 having grown 25% annually to 106 MW, calling it the company’s strongest quarterly result in over 4 years.
JA Solar Expects Net Profit Growth For H1/2022
China’s JA Solar Shipped Between 8 GW To 9 GW Solar Modules During Q2/2022
Tuesday, 19 Jul 2022
Chinese vertically integrated solar PV manufacturer JA Solar expects to report annual net profit growth of 124.28% to 152.32% for the period H1/2022, and counts its solar module shipments during the period as adding up to nearly 16 GW.
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