US Solar Tracker Maker Reports Higher Shipments
Array’s Q1 Revenues Improved 25% YoY; Says Slowdown In Orders As Customers Wait For IRA Clarity
Thursday, 11 May 2023
Solar tracker manufacturer from the US, Array Technologies improved its annual revenues for Q1/2023 by 25% to $376.8 million due to higher volume shipped and an increase in ASP due to ‘improved pass through pricing’ to the customers, but said its.
Growing PV Demand Boosts Shoals’ Business In Q1
Shoals’ Revenues Soar With 55% Annual Increase As US Company Updates Annual Guidance
Wednesday, 10 May 2023
Shoals Technologies Group, the US based electrical balance of system (EBOS) supplier for the PV industry, has reported 55% annual increase in revenues for Q1/2023 with $105.1 million due to higher sales volumes for solar EBOS and combine-as-you-go sy.
SolarEdge Reports Record Q1/2023 Revenues
Non-US & Europe Regions Boost SolarEdge’s Financials in First Quarter As Supply Chain Worries Ease
Monday, 08 May 2023
The year has begun with a bang for Israel based global solar PV inverter supplier SolarEdge Technologies, Inc as the company reported $943.9 million revenues for Q1/2023, with CEO Zvi Lando calling it a ‘record revenue quarter from our non-US, non-Europe region’.
Solaria Energia Reports Strong Q1 In 2023
Spanish Solar Developer Pumps In Money On Project Execution, Including €115 Million In Q1
Friday, 05 May 2023
Solaria Energia y Medio Ambiente has started the year on a high note with its Q1/2023 revenues increased 23% annually to €44.7 million and EBITDA by 21% to €40.1 million while claiming it is on track to reach 3.08 GW capacity under operation and construction by summer 2024.
JinkoSolar Shipped 13 GW+ Solar Modules In Q1/2023
Demurrage Costs In US Put Pressure On JinkoSolar’s Profitability In Q1; Expects Situation To Improve As It Expands Capacity From Wafers To Modules
Friday, 05 May 2023
Leading Chinese vertically integrated solar PV manufacturer JinkoSolar Holding has reported 12.8% sequential drop in its Q1/2023 shipments of 14.49 GW, comprising 13.04 GW modules, 1.45 GW cells and wafers, pulling down its revenues by 22.2% to $3.40 billion.
Wacker’s Polysilicon Sales Dropped In Q1/2023
Volatile Polysilicon Prices Pulled Down Demand Leading To Wacker Reporting Q1 Sales & EBITDA decline
Friday, 05 May 2023
German polysilicon producer Wacker Chemie AG blames significantly lower volumes for solar grade silicon due to volatile prices of polysilicon and a maintenance related plant shutdown for lower sales and EBITDA on annual basis for this segment in Q1/2023.
Sunrun Reports $590 Million Q1/2023 Revenues
Residential US Installer Sunrun Grew PV System Deployment By 12% Annually, Exceeding Revenue Guidance
Thursday, 04 May 2023
Leading residential solar installer Sunrun exited Q1/2023 having installed around 240 MW solar capacity, representing 12% higher installation on annual basis, exceeding high end of its guidance with $589.8 million in revenues, while reporting net loss of -$240.4 million.
SunPower’s -$51 Million Net Loss In Q1/2023
SunPower Grew Customer Count In Q1 By 27% & GAAP Revenues By 26% On Annual Basis
Wednesday, 03 May 2023
SunPower exited Q1/2023 with a 27% annual growth in customer count with the addition of 21,000 new ones, but reported GAAP net loss of -$50.7 million for the quarter.
China PV News Snippets
Q1/2023 Results Show Positive Growth For GCL Technology & GoodWe, While Hoyuan Registers Nominal Rise In Profit
Monday, 01 May 2023
As Chinese companies announce their financial results, in Q1 2023, GCL Technology published revenues of RMB 11.1 billion, while GoodWe registered RMB 1.7 billion revenue and Hoyuan confirmed a RMB 3.5 billion revenue.
LONGi 2022 Higher Operating Income Up By 60 Percent
As LONGi Shipments Increased Across The Board in 2022 – From Wafers to Modules, It Targets Silicon Wafers Shipments to Exceed 100 GW Level In 2023 For the First Time
Friday, 28 Apr 2023
World leading solar manufacturer LONGi Green Energy Technology shipped 85.06 GW monocrystalline silicon wafers and 46.76 GW monocrystalline modules in 2022, and plans to ship 130 GW wafers and 85 GW of cell and modules in 2023.
Daqo New Energy Gets Mixed Bag In Q1/2023
Daqo’s Q1 Revenues Slip With Decrease In Quarterly ASPs; Expects Growing Demand To Improve Prices
Friday, 28 Apr 2023
Leading polysilicon producer from China, Daqo New Energy saw its Q1/2023 revenues decline by over 17% QoQ and more than 44% YoY to $709.8 million as polysilicon ASPs dropped from $37.41/kg in the previous quarter to $27.83/kg as more polysilicon capa.
First Solar’s Q1/2023 Net Sales Tumble Sequentially
With Sales Down And Gross Profit Up, First Solar Starts Series 7 Production At Ohio, Saying It is Sold Out Through 2026, Excluding India
Friday, 28 Apr 2023
Solar module manufacturer in the US, First Solar, Inc has reported a quarterly decrease of $454 million in its net sales for Q1/2023 even as $548 million was an increase of $182 million from last year’s first quarter.
Growing Demand Boosts Trina Solar’s 2022 Earnings
Trina Solar Shipped Over 43 GW Solar Modules In 2022 And Targets To Sell Around 50% More In 2023
Thursday, 27 Apr 2023
Tier I Chinese integrated solar PV manufacturer Trina Solar’s 43.09 GW module shipments in 2022, up by over 73% from 24.8 GW in 2021, took its cumulative shipments to exceed 130 GW.
127% Annual Increase In Sungrow’s 2022 Net Profit
Chinese Solar Inverter Manufacturer Shipped 77 GW Inverters In 2022, Nearly Two Thirds More Than The Year Before
Thursday, 27 Apr 2023
Leading Chinese solar inverter supplier Sungrow grew its inverter shipments in 2022 by 63.83% annually from 47 GW in 2021 to 77 GW in 2022.
Enphase Q1/2023 Net Income Goes Down
Enphase Energy To Add New US Capacity To Take Global Quarterly Capacity To 10 Million+ By 2023-End
Wednesday, 26 Apr 2023
Spurred by growing demand for solar and incentives related to the Inflation Reduction Act (IRA), US based solar microinverter supplier Enphase Energy’s says it is expanding manufacturing capacity in the US in Q2/2023.
Risen Energy Shipped 13.5 GW Modules In 2022
Strong Global Demand For Solar Helps Risen Energy Grow 2022 Net Profit By Over 2000 Percent
Monday, 24 Apr 2023
Chinese solar cell and module producer Risen Energy increased its annual solar module shipments in 2022 by over 66% to 13.5 GW with 60% of these or 8.1 GW going to overseas markets, contributing to the company’s operating income growing 56.05% to RMB 29.38 billion for the year.
GCL Technology 2022 Revenues Up 113% YoY
GCL Technology Produced 104,723 MT Polysilicon In 2022 & Shipped 93,900 Ton Globally
Monday, 03 Apr 2023
Chinese producer of solar materials, GCL Technology Holdings Limited improved its annual revenues for 2022 by 113% to RMB 35.9 billion thanks to increase in selling prices for solar products as its shipments for polysilicon and silicon wafers rose by 96.4% and 21.7%, respectively.
SMA Solar Exceeds Revised 2022 Guidance
Citing Easing Of Electronic Component Supply Situation & Growing Order Backlog, SMA Increases 2023 Sales Forecast
Friday, 31 Mar 2023
Barring large scale and project solutions, both home solutions and commercial and industrial (C&I) solutions segments pushed up German solar PV inverter company SMA Solar Technology’s 2022 net sales by 8.4% YoY to €1.066 billion thanks mainly.
Emeren Achieves 3 GW Pipeline Goal In 2022
Emeren’s 2022 Annual Revenues Went Up 2% As Project Delays Marred Q4 Numbers; Plans To Strengthen IPP Business
Friday, 31 Mar 2023
Solar power developer Emeren, previously ReneSola, exited 2022 having increased its annual revenues by 2% to $81.4 million and increasing its total project pipeline to 3 GW from 2.1 GW at the end of 2021, which in 2023 it aims to grow to 4 GW.
JA Solar’s 2022 Solar Module Shipments: 38.1 GW
JA Solar Improved 2022 Operating Income By Over 76% As Net Profit Surged By 170%+ Annually
Monday, 27 Mar 2023
Chinese solar PV company JA Solar Technology grew its operating income in 2022 by over 76% to RMB 72.98 billion with solar module business contributing RMB 70.34 billion to revenues, up from RMB 39.46 billion a year back, as it shipped 38.1 GW total modules last year.
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