financial-results

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Power Distribution Businesses Drive Torrent’s Net Profit Up 142% in Q4

Gujarat-based power company Torrent Power’s total comprehensive income jumped by 142% year-over-year (YoY)in the fourth quarter (Q4) of the financial year (FY) 2025 to...

May 15, 2025

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Melvin Mathew

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Finance and M&A

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Solar
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Daily News Wrap-Up: Solar’s Share in India’s Installed Power Capacity Rises

Solar power accounted for 22% of India’s total installed power capacity and 47.6% of the total installed renewable energy capacity at the end of the first quarter (Q1)...

May 15, 2025

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Melvin Mathew

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Daily Wrap-up
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Daily News Wrap-Up: GEDA Floats EoI for Solar-E Waste Material Recovery

The Gujarat Energy Development Agency (GEDA) invited expressions of interest (EoI) for a research study to recover valuable materials from solar and electronic waste...

May 14, 2025

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Mercom Staff

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Daily Wrap-up
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Fluence Lowers 2025 Guidance Despite Beating Revenue Estimates in Q2

Utility-scale energy storage firm Fluence Energy recorded a revenue of $431.6 million in the second quarter (Q2) of the fiscal year (FY) 2025, a 31% year-over-year (YoY)...

May 14, 2025

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Arjun Joshi

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Finance and M&A

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Other
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Higher Sales Volume Pushes FTC Solar’s Revenue by 65%

U.S.-based solar tracker systems provider FTC Solar achieved a revenue of $20.8 million in the first quarter (Q1) of 2025, a 65.3% year-over-year (YoY) increase from $12....

May 14, 2025

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Tina Freese

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Finance and M&A

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Press Releases
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Rise in Product Shipment Volume Drives Eos Energy’s Revenue Up 58% YoY

U.S.-based energy storage solutions provider Eos Energy Enterprises reported a 58% year-over-year (YoY)increase in revenue from $6.6 million to $10.5 million in the...

May 13, 2025

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Melvin Mathew

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Finance and M&A

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Solar
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Increase in Power Production Pushes Scatec’s Revenue by 41.6% in Q1 2025

Norway-based renewable energy solutions provider Scatec posted a 41.6% year-over-year (YoY) rise in consolidated revenue to NOK1.81 billion (~$174.28 million) in the...

May 12, 2025

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Melvin Mathew

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Finance and M&A

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Renewable Energy
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Daily News Wrap-Up: Winners of SJVN’s 1.2 GW Solar With ESS Auction Announced

SAEL Industries, Jindal India Renewable Energy, Sembcorp Green, JBM Renewables, Fastnote Biofuels (Hindustan Power), and Reliance NU Energies won SJVN’s auction to...

May 12, 2025

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Mercom Staff

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Daily Wrap-up
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REC’s Q4 Net profit Up 21% YoY, Loan Approvals for Renewables Surge

Public infrastructure finance company REC Limited recorded a total income of ₹153.48 billion (~$1.79 billion) for the fourth quarter (Q4) of the financial year (FY) 2025,...

May 9, 2025

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Arjun Joshi

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Finance and M&A

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Other
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SolarEdge Beats EPS and Revenue Expectations in Q1 2025

Israel-based solar inverter manufacturer SolarEdge reported a revenue of $219.5 million in the first quarter (Q1) of 2025, reflecting a 7% year-over-year increase from...

May 9, 2025

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Arjun Joshi

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Finance and M&A

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Other
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Ballard Misses Revenue Expectations in Q1 2025 Despite 6% YoY Uptick

Fuel cell manufacturer Ballard Power Systems reported a revenue of $15.4 million in the first quarter (Q1) of 2025, a 6% year-over-year (YoY) increase, supported by...

May 8, 2025

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Arjun Joshi

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Finance and M&A

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Other
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Lower Operating Costs, Bookings Drive Stem’s Q1 2025 Revenue Up 27%

Smart energy storage company Stem reported a 27% revenue increase in the first quarter (Q1) of 2025 to $32.5 million, against the expected $31.27 million, from $25.5...

May 2, 2025

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Tina Freese

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Energy Storage

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Finance and M&A
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First Solar Misses EPS Expectations in Q1, Scales Down 2025 Guidance

U.S.-based solar module manufacturer First Solar reported a revenue of $844.57 million in the first quarter (Q1) of 2025, a 6.4% year-over-year (YoY) increase from $794....

April 30, 2025

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Arjun Joshi

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Finance and M&A

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Other
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Robust Capacity Additions Push Adani Green’s Q4 Revenue Up 37% YoY

Renewable energy company Adani Green Energy (AGEL) generated revenue of ₹26.66 billion (~$312.88 million) from power supply in the fourth quarter (Q4) of the financial...

April 29, 2025

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Arjun Joshi

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Finance and M&A

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Other
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Enphase Lowers Q2 Revenue Guidance, Fears Adverse Impact from China Tariffs

U.S.-based microinverter and battery storage supplier Enphase Energy reported a 35.22% year-over-year (YoY) rise in revenue to $356.1 million in the first quarter (Q1)...

April 29, 2025

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Melvin Mathew

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Energy Storage

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Finance and M&A

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