Sunrun’s Q3/2021 Financial Results
Sunrun Deployed 219 MW New Solar Capacity In 3rd Quarter
To navigate through the current ‘dynamic’ supply chain environment with elevated logistics and material costs, leading US residential solar installer Sunrun said it ‘selectively’ and ‘modestly’ raised prices several times during Q3/2021 to mitigate some of the effects.
First Solar’s Q3/2021 Financial Results
Elevated Freight Costs Impact First Solar’s 3rd Quarter Business
American CdTe solar thin-film module maker First Solar, Inc. has reiterated its 2021 net sales guidance despite its Q3/2021 net sales declining 37% over previous year and 7% over last quarter to $584 million.
SolarEdge Releases Q3/2021 Financial Results
Record Q3/2021 Revenues, SolarEdge Exits With Large Backlog
SolarEdge reported record revenues in Q3/2021 with $526.4 million, reflecting a 10% sequential increase It shipped 1.9 GW capacity in the reporting quarter and had more than 4 GW AC orders for Q4/2021 and Q1/2022 while exiting 3rd quarter It has fore.
Aiko Solar Releases Q3/2021 Financial Report
Chinese Cell Maker Aiko’s Q3/2021 Operating Income Up, Profit Down
Aiko Solar, the PERC solar cell manufacturer from China, has reported its Q3/2021 financial results, reflecting an annual increase of 69.05% YoY for its operating income that added up to RMB 4.33 billion.
Daqo Releases Q3/2021 Financial Results
Chinese Polysilicon Maker’s Q3/2021 Revenues Surged Over High Prices
With more than 30% sequential increase in the average selling price (ASP) of polysilicon in Q3/2021 at $27.55 per kg, Chinese polysilicon maker Daqo New Energy reported a strong quarter with ‘record-high’ production volume of 21,684 per metric ton (MT).
$351 Million Q3/2021 Revenues For Enphase
Revenues Up, Net Income Down in Q3/2021 For US Microinverter Maker
Despite chip shortages being faced by manufacturers globally, Enphase Energy was able to increase its sequential revenues in Q3/2021. For Q4/2021 it has guided for revenues in the range of $390 million to $410 million.
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.
