financial results

Canadian Solar Reports Earnings of $240 Million, Module Sale of 21.1 GW in 2022
The solar supplier has actually introduced its fourth quarterly and also full yearly 2022 results. Canadian Solar achieved record revenues of $7.47 billion last year which is a dive of 42% YoY. Worldwide solar maker Canadian Solar Inc. has actually announced its financial results for the 4th quarter and full year ended December 31, 2022.
Mar 22, 2023 // Markets & Finance News, Canadian Solar, Solar Energy, financial results, Solar Power, Shawn Qu, solar company, fourth quarterly results, Net Income, net revenue, solar module shipments, total revenue
Chinese Battery Giant CATL Announces 2022 Results, Almost Doubles Profit
Its net profit boosted by 93 per cent to $4.4 billion in 2022 year on year. Revenue from the power battery service enhanced by 159 percent as net sales in this segment greater than doubled to 242 GWh last year.
Mar 13, 2023 // Markets & Finance News, Storage, financial results, EV batteries, CATL, growth rate, Contemporary Amperex Technology Limited, Energy Storage Business, financial results 2022, net profit, power battery business
LONGi ships 18GW+ of modules in H1, calls TOPCon 'transitionary' as it targets HPBC development
Solar Module Super League (SMSL) participant LONGi Green Energy shipped 39.62 GW of monocrystalline silicon wafers, of which 20.15 GW was sold on the surface and also 19.47 GW for interior usage, according to its monetary results for the initial fifty percent of the year.
Aug 29, 2022 // Manufacturing News, Markets & Finance News, China, pv modules, financial results, Asia, longi solar, finance, LONGi, longi green energy, topcon, inner mongolia, hpbc
Shoals beats 'challenging environment' with record revenue and also profit in Q2
US solar product supplier Shoals Technologies Group saw record revenue as well as gross profit in the second quarter of 2022 because of strong demand for its combine-as-you-go system as well as a large number of new customers buying up components.
Aug 16, 2022 // Markets & Finance News, USA, financial results, North America, BOS, shoals technologies, shoals, big lead assembly
Array Technologies 'on the path to restoring historical margins' as it rebounds from 2021
United States solar tracker supplier Array Technologies has actually gotten better from a difficult 2021 by posting solid Q2 2022 financial results generally due to its acquisition of STI Norland, while upcoming tailwinds could buoy its efficiency additionally still moving with the year.
Aug 11, 2022 // Markets & Finance News, USA, financial results, trackers, North America, Array Technologies, sti norland, supply chain disruption
FTC Solar's revenue plummets from 2021 as it condemns US import constraints for dampening demand
US solar tracker manufacturer FTC Solar has actually reduced its net losses compared to last quarter and also Q2 2021 however has seen its revenue collapse, condemning a hostile solar market environment in the US that has seen project hold-ups and also cancellations, which it stated it now hoped was pertaining to an end.
Aug 10, 2022 // Markets & Finance News, financial results, trackers, ftc solar, us, tracker manufacturing, AD/CVD, UFLPA, Inflation Reduction Act, IRA
Clearway Energy sees renewable sales rise 31%, while sale of thermal business provides massive cash injection
Clearway Energy's sale of its thermal organization to investment company KKR throughout Q2 netted profits of US$ 1.29 billion, as well as saw its net income skyrocket from the US$ 32 million it recorded in Q2 2021.
Aug 10, 2022 // Markets & Finance News, financial results, Roth Capital, KKR, Clearway Energy Group, TotalEnergies, Inflation Reduction Act
Vistra claims battery storage portfolio will certainly reach 1,213 MW by 2026
Vistra Energy will certainly have more than 1,213 MW of battery storage in operation in its portfolio by 2026, the US power generation business has claimed.
Aug 9, 2022 // Storage, USA, ITC, financial results, solar-plus-storage, North America, coal, Illinois, decarbonisation, Vistra Energy, Inflation Reduction Act, standalone battery storage
AES on track for 2022 renewables contract targets, driven by United States market
Energy technology company AES Corporation is still on track to reach its target of 4.5-5.5 GW in long-lasting renewables and also energy storage contracts in 2022, having actually currently signed 1,618 MW in the year to date, according the firm's Q2 economic report.
Aug 8, 2022 // Markets & Finance News, PPA, pv power plants, financial results, AES, us, AES Corporation, project pipeline
Daqo's Q2 profits treble Y-o-Y, lower polysilicon production costs result in record quarterly profits
Primarily driven by a 28% decrease in its polysilicon production cost, Daqo New Energy recorded its best manufacturing volume and also profits in Q2 2022.
Aug 4, 2022 // Manufacturing News, Markets & Finance News, financial results, Daqo New Energy, xinjiang daqo, polysilicon production
Continued demand for residential solar sees SunPower bag record 19,700 new customers
Continued demand from Americans for rooftop solar has led residential solar installer SunPower to include a record all time high of 19,700 customers in Q2 2022, a 51% year-on-year increase.
Aug 4, 2022 // Residential, Markets & Finance News, USA, SunPower, financial results, North America, company results, residential rooftop
ENGIE's tender-winning Guam solar-plus-storage project cancelled
ENGIE has pulled out of a large-scale solar-plus-storage project contract in the Western Pacific US island territory of Guam.
Aug 2, 2022 // Plants, Large-Scale, Commercial, Storage, USA, Engie, financial results, solar-plus-storage, power purchase agreement, North America, project news, NHOA, cancellation, island grids, pacific islands, system integrator
Mytilineos' profits soar to US$ 168m in H2 2022 as renewable sales double
Renewables programmer Mytilineos has seen its profits soar to EUR166 million (US$ 168.56 million) in H1 2022, with renewables sales nearly doubling.
Aug 1, 2022 // Markets & Finance News, Chile, South america, financial results, Renewable Energy, Mytilineos, turnover, financial update
Iberdrola sees earnings soar with worldwide business offsetting Spain's results
Iberdrola has recorded a net earnings of EUR2.07 billion (US$ 2.1 billion) in the very first half of 2022 because of solid performances in its international service offsetting unfavorable results in Spain.
Jul 29, 2022 // Markets & Finance News, USA, Spain, UK, Iberdrola, solar pv, South america, Europe, financial results, Brazil, North America, distribution network, transmission network
Scatec ramps up PV project development after earnings dip
Independent power producer (IPP) Scatec has actually increase project development activity after witnessing its profits fall by almost 14% year-on-year.
Jul 28, 2022 // Markets & Finance News, Scatec, IPP, South america, financial results, Brazil, Asia, Africa, South Africa, Pakistan, green hydrogen, Independent Power Producer