financial results

Enphase virtually increases revenue in Europe amid increasing rate of interest in home electrification

Microinverter vendor Enphase Energy virtually increased its Q2 2022 revenue year-on-year as homeowner demand for self-consumption boosts on the back of increasing energy rates.

Jul 28, 2022 // Manufacturing News, Markets & Finance News, Enphase Energy, Inverters, financial results, residential, electric vehicles, microinverter, residential storage, company results, Q2 2022

Daqo anticipates more than quadrupling of H1 profit among poly rates rise

A subsidiary of polysilicon manufacturer Daqo New Energy is anticipating net profit throughout the first half of 2022 to be greater than four times greater than the same period last year.

Jul 12, 2022 // Manufacturing News, Markets & Finance News, China, polysilicon, financial results, Asia, Daqo New Energy, Daqo, upstream, company results

ReneSola looking at EU development after tailwinds counter United States, China travails

Solar developer ReneSola Power is seeking to expand into more European markets after slowdowns in the United States and China contributed to a revenue collapse in its opening up quarter.

Jun 9, 2022 // Plants, Large-Scale, Commercial, Markets & Finance News, USA, Poland, China, Europe, financial results, Asia, North America, renesola, ReneSola Power, company results, growth markets

iSun cuts guidance as module procurement struggles cause project delays

United States solar EPC business iSun doubled its Q1 revenue year-on-year but has lowered its 2022 guidance as a result of module procurement challenges within its utility-scale unit.

May 19, 2022 // Markets & Finance News, USA, EPC, financial results, North America, procurement, company results, AD/CVD

Eos manufacturing development underway, 14% decrease in materials prices for zinc battery storage

Eos Energy Enterprises, the US-headquartered supplier of stackable zinc battery storage space system modern technology, added 65MWh of production capacity in the initial quarter of this year.

May 12, 2022 // Markets & Finance News, Storage, manufacturing, financial results, Zinc, capacity expansion, Eos Energy Enterprises, long-duration energy storage, quarterly results, zinc-air

SMA Solar's sales decline as minimal chip supply dents Q1 performance

Inverter supplier SMA Solar Technology remains to be influenced by substantial obstacles about the limited electronic supply of electronic components.

May 12, 2022 // Markets & Finance News, financial results, sma solar technology, Jürgen Reinert, company results, semiconductor shortage, sma solar, inverter supplier

FTC Solar takes out 2022 assistance citing 'progressively uncertain' AD/CVD situation

US solar tracker supplier FTC Solar has actually withdrawn its support for the year as well as warned of material unpredictabilities brought on by the US AD/CVD examination.

May 12, 2022 // Markets & Finance News, USA, financial results, trackers, finance, North America, ftc solar, AD/CVD, HX Tracker, quarterly results

Ukraine conflict dents Scatec's opening quarter earnings

Russia's invasion of Ukraine was blamed for a collapse in Q1 earnings recorded by independent power manufacturer (IPP) Scatec.

May 10, 2022 // Markets & Finance News, Scatec, Ukraine, Europe, financial results, Asia, BESS, Philippines, green hydrogen, green ammonia, development pipeline

SunPower to buy platform upgrades as domestic solar customer backlog gets to new record

US household solar installer SunPower's backlog soared to a record 13,800 customers entering Q2 2022 with the installer validating a series of financial investments it is making to meet surging demand.

May 9, 2022 // Residential, Markets & Finance News, Rooftop PV, USA, SunPower, financial results, North America, Battery Energy Storage, Peter Faricy, sunvault

EDPR includes 465MW of renewables capacity in Q1 following Sunseap acquisition

EDP Renewables (EDPR) added an overall of 465MW of wind as well as solar capacity in Q1 2022, generally because of its acquisition of Singaporean designer Sunseap, while it recorded a net earnings of EUR66 million (US$ 69.8 million), up 75% on the previous year.

May 9, 2022 // Markets & Finance News, EDP, financial results, EDP Renewables, apac, EDPR, Sunseap, capacity expansion

BayWa Q1 revenue enhanced by solar module trading 'boom'.

German empire BayWa took advantage of high need for solar modules throughout the very first quarter of 2022, with its revenues reinforced by the sale of an operational PV plant in the US.

May 6, 2022 // Markets & Finance News, USA, Spain, PPA, Texas, Europe, financial results, North America, baywa r.e., BayWa, company results, project sale, distributors, nestle, solar wholesale, suppliers

Sunrun includes 30,000 customers, 213MW of solar in Q1 2022 as it seeks to protect itself versus United States headwinds

Leading United States solar installer Sunrun added 29,463 customers in Q1 2022, a 20% get on the exact same period last year, with monitoring now anticipating mounted solar capacity to be 25% or better for the full year 2022, up from the previously forecast 20%.

May 5, 2022 // Residential, Markets & Finance News, Rooftop PV, USA, Sunrun, financial results, North America, AD/CVD, customer acquisition

SolarEdge posts record quarterly revenue as European shipments soar

Inverter manufacturer SolarEdge gained from high need for its products in Europe to raise revenues to a quarterly record while browsing a scarcity of digital components.

May 3, 2022 // Manufacturing News, Markets & Finance News, Inverters, financial results, SolarEdge, covid-19, shipping, electricity prices

Tesla: Energy storage demand 'remains substantially over' manufacturing capacity

Tesla made 846MWh of battery energy storage space system (BESS) deployments in the initial quarter of this year as well as is looking ahead to the opening of a committed grid-scale BESS manufacturing facility to meet demand.

Apr 29, 2022 // Storage, TESLA, financial results, lfp, COVID19, deployment figures, earnings, lithium iron phosphate, manufacturing

Tesla's solar release falls 48% due to 'import delays' on components

Tesla CEO Elon Musk said he expects the business to address component shortages that limited the development of its solar organization in the initial quarter of 2021, as installs reduced 48% year-on-year.

Apr 21, 2022 // Markets & Finance News, TESLA, ENERGY STORAGE, Elon Musk, financial results, residential, powerwall, delays, solar roof tile

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