earnings

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Fluence Energy Q2 Net Loss Narrows by 66% on Lower Costs

Fluence Energy reported a 66% narrower net loss of $12.9 million in the second quarter (Q2) of 2024 from $37.4 million last year as the energy storage company reigned in...

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Falling Battery Prices Hurt Stem’s Q1 Revenue, Loss Widens by 61%

Smart energy storage company Stem reported a net loss of $72.3 million for the first quarter of 2024, up 61% from the net loss of $44.8 million last year, as extended...

May 6, 2024

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Staff

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Finance and M&A
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Scatec’s Q1 Net Loss Narrows by 73%, Contribution from New Projects Increase

Norway-based independent power producer Scatec reported a net loss of NOK 26 million (~$2.3 million) during the first quarter (Q1) of 2024, marking an improvement of 73%...

May 2, 2024

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Gautamee Hazarika

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Markets & Policy

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Renewable Energy
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Enphase Energy Reports Net Income Drop of 75% in Q1 on Weak Demand

Microinverter and battery storage supplier Enphase Energy recorded a net income of $48 million during the first quarter (Q1) of 2024, a year-over-year (YoY) decrease of...

April 24, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Sterling and Wilson Posts Profit After 3 Years, Benefits from Falling Module Prices

The engineering, procurement, and construction (EPC) arm of Shapoorji Pallonji Group, Sterling and Wilson Renewable Energy, reported a net profit of ₹10 million (~$120,...

April 22, 2024

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Staff

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Finance and M&A
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Strong Inverter Sales Drive SMA Solar’s Revenue Growth in 2023

Germany-based solar energy equipment supplier SMA Solar Technology reported a 79% jump in its 2023 revenue on the back of strong inverter sales. The company’s...

March 28, 2024

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Staff

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Finance and M&A
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Higher Module Shipments Drive JinkoSolar’s Revenue in Q4

China-headquartered solar cell and module manufacturer JinkoSolar‘s total revenue in the fourth quarter (Q4) of 2023 rose by 9.4% year-over-year (YoY) to RMB 32.83...

March 21, 2024

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Staff

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Finance and M&A
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Canadian Solar Posts Record Year Even as Q4 Profits Plunge

Solar module maker Canadian Solar reported record 2023 numbers with an 89% surge in net income for the full year (FY), but profits in the fourth quarter (Q4) fell...

March 15, 2024

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Staff

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Finance and M&A
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Plug Power Resolves ‘Going Concern’ Doubts as 2023 Revenues Increase by 27%

Plug Power, a U.S.-based hydrogen fuel cell company, reported a revenue of $891 million for 2023, up 27% from the prior year, allaying fears about its ability to...

March 7, 2024

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Staff

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Finance and M&A
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ChargePoint’s Q4 Revenue Drops 24% as EV Adoption Slows

California-based electric vehicle (EV) charging firm ChargePoint reported a fourth-quarter (Q4) 2024 revenue that was 24% lower than last year as slowing EV adoption...

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Eos Energy’s Q4 Revenue Surges 148% on Higher Storage System Volumes

Energy storage solutions provider Eos Energy Enterprises reported a 148% surge in revenue in the fourth quarter (Q4) of 2023 to $6.6 million, driven by higher production...

March 5, 2024

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Staff

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Finance and M&A
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First Solar Swings to Profit in Q4 on Strong US Demand

U.S.-based solar module manufacturer First Solar reported a fourth-quarter (Q4) net income of $349 million, swinging to profit from last year’s loss of $7.5 million, as...

February 28, 2024

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Staff

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Finance and M&A
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Sunnova’s Q4 Losses Balloon as Operating and Interest Expenses Soar

U.S.-based residential solar firm Sunnova Energy‘s fourth quarter (Q4) net loss ballooned by about 800% to $187.6 million from $20.9 million last year, hurt by...

February 23, 2024

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Staff

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Finance and M&A
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Sunrun Swings to Q4 Loss Weighed by Lower Sales and High-Interest Rates

United States-based residential solar, battery storage, and energy services company Sunrun swung to a loss in the fourth quarter (Q4) of 2023, hurt by lower sales,...

February 22, 2024

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Staff

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Finance and M&A

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Residential

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Rooftop
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ReNew Narrows Q3 Net Loss on Higher Tariffs and Lower Module Prices

Independent renewable power producer ReNew Energy narrowed its net loss by 19% to ₹3.2 billion (~$39 million) in the third quarter (Q3) of the financial year (FY) 2024...

February 21, 2024

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Staff

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Finance and M&A

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Renewable Energy

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