Array Technologies Swings to Profit in Q3 on Higher Sales Volume and Prices

Array Technologies Swings to Profit in Q3 on Higher Sales Volume and Prices

Solar tracker manufacturer Array Technologies swung to profit in the third quarter (Q3) of 2022 on the back of strong growth in sales volume and prices. The company’s quarterly net ...
/ / Finance and M&A, Solar
ReneSola Power’s Revenue Dips 85% YoY to $3.5 Million in Q1 2022

ReneSola Power’s Revenue Dips 85% YoY to $3.5 Million in Q1 2022

China-based supplier of green energy products ReneSola Power recorded a revenue of $3.5 million in the first quarter (Q1) of the current fiscal year (FY), a year-over-year (YoY) dip of ...
ChargePoint’s Revenue Leaps 102% YoY to $86 Million in Q1 2022

ChargePoint’s Revenue Leaps 102% YoY to $86 Million in Q1 2022

Electric vehicle (EV) charging network company ChargePoint Holdings recorded revenue of $86 million in the first quarter (Q1) of 2022, a year-over-year (YoY) growth of 102% from $40.5 million in ...
Energy Storage Firm Stem Posts 166% Growth in Revenue, Secures Supply Chain for 2022

Energy Storage Firm Stem Posts 166% Growth in Revenue, Secures Supply Chain for 2022

Stem, a smart energy storage company, posted revenue of $44.1 million in the first quarter (Q1) of 2022, a year-over-year (YoY) spike of 166% from $15.4 million in the same ...
Shoals Technologies’ Revenue Rises 49% YoY to $68 Million in Q1 2022

Shoals Technologies’ Revenue Rises 49% YoY to $68 Million in Q1 2022

Manufacturer of the solar balance of system components, Shoals Technologies Group, recorded revenue of $68 million in the first quarter (Q1) of 2022, a year-over-year (YoY) increase of 49% from ...
Solar Tracking Systems Company FTC Solar’s Revenue Dips 25% in Q1 2022

Solar Tracking Systems Company FTC Solar’s Revenue Dips 25% in Q1 2022

U.S.-based solar tracker systems provider FTC Solar recorded a revenue of $49.5 million in the first quarter (Q1) of 2022, a year-over-year (YoY) drop of 25%compared to $65.7 million in ...
Tata Power’s Revenue Up 28% YoY to ₹425 Billion in FY22

Tata Power’s Revenue Up 28% YoY to ₹425 Billion in FY22

Tata Power recorded revenue of ₹425.76 billion (~$5.53 billion), a 28% year-over-year (YoY) surge from ₹332.39 billion (~$4.31 billion) in the financial year (FY) 2021-22. Tata Power’s consolidated profit after ...
NextEra's Clean Energy Business Records Net Income of $628 Million in Q1 2022

NextEra’s Clean Energy Business Records Net Income of $628 Million in Q1 2022

The U.S.-based energy company NextEra Energy reported first-quarter earnings of $1,455 million, a year-over-year (YoY) increase of 9.3% compared to $1,330 million in 2021. NextEra Energy is headquartered in Florida ...
/ / Finance and M&A, Other
NextEra Energy’s Net Income Jumps 22% YoY to $3.57 Billion in 2021

NextEra Energy’s Net Income Jumps 22% YoY to $3.57 Billion in 2021

NextEra Energy, a U.S.-based energy company, has reported a net income of $3.57 billion for 2021, a 22% year-over-year increase compared to $2.91 billion last year. Its fourth-quarter (Q4) results ...
/ / Finance and M&A, Other
Freight Charges and Bottlenecks Bring First Solar’s Net Sales Down by 7% in Q3 2021

Freight Charges and Bottlenecks Bring First Solar’s Net Sales Down by 7% in Q3 2021

First Solar, a U.S.-based manufacturer of solar modules, has released its financial results for the third quarter of 2021 (Q3 2021). The firm’s net sales in Q3 2021 stood at $584 ...
/ / Finance and M&A, Solar
String Inverter Supplier Ginlong Solis’ Revenue Doubles YoY to $224 Million in 1H 2021

String Inverter Supplier Ginlong Solis’ Revenue Doubles YoY to $224 Million in 1H 2021

Photovoltaic inverter manufacturer Ginlong Technologies (Solis) has recorded a 99.8% year-over-year (YoY) growth to RMB 1.45 billion (~$223.8 million) in the first half (1H) of 2021 from RMB 727 million (~$112.20 ...
/ / Finance and M&A, Solar
Meyer Burger Reports a Net Loss of CHF 64.47 Million in 2020

Meyer Burger Reports a Net Loss of CHF 64.47 Million in 2020

Meyer Burger, a Switzerland-based engineering company, has unveiled its plans to enter the U.S. solar market, intending to start solar cell sales in the second half of 2021. In June, ...
/ / Finance and M&A, Solar
Residential Solar Company Sunrun Installs Over 600 MW of Solar in 2020

Residential Solar Company Sunrun Installs Over 600 MW of Solar in 2020

U.S.-based residential solar, storage, and energy services provider Sunrun has announced that its total revenue in the fourth quarter of 2020 (Q4 2020) stood at $320.4 million, a 31% increase ...
First Solar Reports 34% Year-Over-Year Slide in Net Sales in Q4 2020

First Solar Reports 56% Year-Over-Year Slide in Net Sales in Q4 2020

U.S.-based solar module maker First Solar has announced that its net sales in the fourth quarter of 2020 (Q4 2020) stood at $609.2 million, down 56% from about $1.4 billion in ...
SolarEdge’s Revenue Inches Up in The Final Quarter of 2020

SolarEdge’s Revenue Inches Up in the Final Quarter of 2020

SolarEdge Technologies, an Israel-based solar inverter provider, announced that its revenue in the fourth quarter of the year ended December 31, 2020 (Q4 2020) was up 6% with $358.1 million ...
JSW Announces Sustainability, Renewable Energy Generation Roadmap

JSW Announces Sustainability, Renewable Energy Generation Roadmap

Mumbai-based power producer JSW Energy announced plans to double its power generation portfolio with renewable and hydropower-based generation sources contributing to 70% of its total capacity in the medium term ...
Sterling and Wilson Solar’s Revenue Up 22% in Q3 FY 2021

Sterling and Wilson Solar’s Revenue Up 22% in Q3 FY 2021

Sterling and Wilson Solar’s (SWSL) revenue from operations stood at ₹13.11 billion (~$180.8 million) in the third quarter (Q3) of the financial year 2021 (FY 2021), up 22% from ₹10.76 ...
Power Finance Corporation’s Revenue Up 16% in Q3 FY 2021

Power Finance Corporation’s Revenue Up 16% in Q3 FY 2021

The Power Finance Corporation (PFC) has reported a rise in its revenue in the third quarter (Q3) of the financial year 2021 (FY 2021) with ₹184.42 billion (~$2.5 billion), up ...
/ / Finance and M&A, Grid
Azure Power Posts 15.6% Rise in Revenue in Q3 FY 2021 Due to Higher Operational Capacity

Azure Power Posts 15.6% Rise in Revenue in Q3 FY 2021 Due to Higher Operational Capacity

Azure Power posted a 15.6% rise in its revenue in the third quarter (Q3) of the financial year 2021 (FY 2021) on the back of an increase in its operational ...
Torrent Power Posts Decline in Revenue, Net Profit in Third Quarter of FY 2020

Torrent Power Posts Decline in Revenue, Net Profit in Third Quarter of FY 2020

Gujarat-based power generation company Torrent Power reported a slight decline in its revenue in the third quarter (Q3) of the financial year 2020 (FY 2020) to ₹29.53 (~$405.3 million) billion, down 4.3% ...
REC Limited’s Net Profit Hits All-Time High in Q3 FY 2021

REC Limited’s Net Profit Hits All-Time High in Q3 FY 2021

REC Limited has announced that it has registered a net profit of ₹22.6 billion (~$310.9 million) in the third quarter (Q3) of the financial year (FY) 2021, an increase of 38% ...
Tata Power Reports 8% Rise in Total Revenue, 22.3% Increase in Profits

Tata Power Reports 8% Rise in Total Revenue, 22.3% Increase in Profits

Tata Power has said its total revenue in the third quarter (Q3) of the financial year 2021 (FY 2021) stood at ₹77.4 billion (~$1.06 billion), up 8% from ₹71.7 billion (~$986 ...
Suzlon’s Net Revenue Jumps in Q3 FY 2021 Following Debt Restructuring

Suzlon’s Net Revenue Jumps in Q3 FY 2021 Following Debt Restructuring

Suzlon Energy Limited has announced a 43% jump in its net revenue in the third quarter (Q3) of the financial year (FY) 2021 on the back of a ramp-up in its ...
Adani Green Posts 31% Revenue Growth YoY in Q3 FY 2021 as Solar Sales, Capacity Soar

Adani Green Posts 31% Revenue Growth YoY in Q3 FY 2021 as Solar Sales, Capacity Soar

Adani Green Energy Limited (AGEL) reported a 61% rise in total income in Q3 2021 compared to the same quarter the previous year. During the quarter, AGEL earned ₹8.43 billion ...
Month in a Minute_ Top Headlines from Indian Renewable Sector in November 2020

Month in a Minute: Top Headlines from Indian Renewable Sector in November 2020

Here is a recap of some of the most important headlines from November 2020: Blueleaf Energy, a Singapore-based renewable energy company, announced that it acquired a majority stake in an ...