earnings

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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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SunPower’s Q4 Revenue Falls as Higher Interest Rates and NEM 3.0 Hurt Sales

Distributed generation, storage, and energy services company SunPower Corporation posted a fourth-quarter (Q4) revenue of $356.9 million, down 28% from $498 million last...

February 16, 2024

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Staff

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Finance and M&A

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Rooftop
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Flux Power Narrows Q2 Net Loss by 52% YoY on Cost Savings

Lithium-ion storage solutions provider Flux Power Holdings’ net loss for the second quarter of the financial year (FY) 2023-24 narrowed to $0.8 million from $1.7 million,...

February 13, 2024

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Staff

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Finance and M&A
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REC Silicon Q4 Revenue Rises on Semiconductor Strength, Signals Recovery

Norway-based polysilicon manufacturer REC Silicon reported a revenue of $40.5 million in the fourth quarter (Q4) of 2023, a 28% year-over-year (YoY) rise from $31.6...

February 8, 2024

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Staff

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Finance and M&A
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Microinverter Firm Enphase’s Q4 Profit Falls 65% on Slowing Demand

Microinverter and battery storage supplier Enphase Energy’s profit for the fourth quarter (Q4) of the financial year (FY) 2023 fell 65% from last year as the...

February 7, 2024

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Staff

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Finance and M&A

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Inverters & BOS
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Nextracker’s Q3 Revenue Up 38% YoY on Higher Deliveries in US

Solar tracker firm Nextracker reported a 38% year-over-year (YoY) jump in its revenue for the third quarter (Q3) of the financial year (FY) 2023-24, helped by higher...

February 5, 2024

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Staff

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Finance and M&A

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