financial-results

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ReNew’s Revenue, Profit Up in Q2 FY25 as Commissioned Renewable Capacity Grows

Independent renewable energy producer ReNew Power reported revenue of ₹29.9 billion ($357 million) during the second quarter (Q2) of the financial year (FY) 2025, a 4.4%...

November 20, 2024

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Gautamee Hazarika

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Markets & Policy

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Renewable Energy
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Torrent Power’s Revenue Grows 3% YoY in Q2 FY 2025

Gujarat-based Torrent Power’s revenue from operations increased 3% year-over-year (YoY) to ₹71.76 billion (~$850.1 million) in the second quarter (Q2) of the financial...

November 14, 2024

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Arjun Joshi

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Finance and M&A

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Other
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FTC Solar Posts 67% YoY Drop in Q3 Revenue Due to Lower Product Volumes

U.S.-based solar tracker systems provider FTC Solar posted revenue of $10.14 million in the third quarter (Q3) of 2024, exceeding analyst expectations by $240,680....

November 14, 2024

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Arjun Joshi

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Finance and M&A

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Other
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Daily News Wrap-Up: Top Utility-Scale Solar Developers in 1H 2024

Adani Green Energy, ReNew, O2 Power, ACME Solar, and NTPC Renewable Energy emerged as the top utility-scale solar project developers in the first half of the calendar...

November 13, 2024

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Mercom Staff

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Daily Wrap-up
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Bloom Energy Misses Q3 Revenue Estimates Despite Strong Margin Gains

Fuel cell and electrolyzer manufacturer Bloom Energy reported revenue of $330.4 million in the third quarter (Q3) of 2024, down 17.46% year-over-year (YoY) from $400.3...

November 13, 2024

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Arjun Joshi

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Finance and M&A

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Other
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PFC’s Q2 FY 2025 Proft Rises 13.6%, Loan Asset Quality Improves

Government-owned Power Finance Corporation (PFC) has recorded a net profit of ₹43.70 billion (~$524.5 million) during the second quarter (Q2) of the financial year (FY)...

November 12, 2024

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Gautamee Hazarika

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Markets & Policy

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Renewable Energy
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Array Technologies’ Q3 Revenue Dips 34% YoY, Hit by Lower Solar Tracker Sales

U.S.-based solar tracker company Array Technologies reported adjusted earnings per share (EPS) of $0.17 in the third quarter (Q3) of 2024, beating analyst estimates by...

November 12, 2024

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Arjun Joshi

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Other

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Renewable Energy
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Solar Module Manufacturer Insolation Energy’s Revenue Up 118% YoY in 1H FY25

Jaipur-based solar module manufacturer Insolation Energy reported a revenue of ₹6.13 billion (~$72.64 million) in the second quarter (Q2) of the financial year (FY) 2025,...

November 11, 2024

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Arjun Joshi

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Finance and M&A

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Other
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Sunrun’s Q3 Revenue Dips 4.6% with $537.3 Million, Misses Estimates

U.S.-based solar energy, battery, and storage services provider Sunrun reported revenue of $537.2 million in the third quarter (Q3) of 2024, a 4.62% decline...

November 11, 2024

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Arjun Joshi

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Finance and M&A

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Solar
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Market Expansion Helps Amara Raja Energy’s Revenue Growth in Q2 FY 2025

Battery manufacturer Amara Raja Energy & Mobility has recorded a revenue of ₹32.51 billion (~$385.32 million) in the second quarter (Q2) of the financial year (FY)...

November 8, 2024

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Arjun Joshi

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Finance and M&A

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Other
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KPI Green’s Revenue Increases 67% YoY in Q2 FY 2025

Surat-based KPI Green Energy, a solar and hybrid power provider, posted a total revenue of ₹3.61 billion (~$42.83 million) in the second quarter (Q2) of the financial...

November 7, 2024

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Arjun Joshi

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Finance and M&A

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Other
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Ballard Power’s Q3 2024 Loss Rises as Hydrogen Fuel Cell Adoption Slows

Fuel cell manufacturer Ballard Power Systems‘ total revenue dropped 45% year-over-year (YoY) to $14.8 million in the third quarter (Q3) of 2024, impacted by...

November 7, 2024

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Gautamee Hazarika

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Markets & Policy

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Renewable Energy
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Robust EPC Segment Revenue Drives Waaree’s Q2 FY 2025 Up 249% YoY

Waaree Renewable Technologies, the solar engineering, procurement, and construction (EPC) arm of the Waaree Group, posted a total revenue of ₹5.24 billion (~$62.24...

November 6, 2024

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Arjun Joshi

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Finance and M&A

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Other
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Energy Storage Firm Stem’s Q3 Revenue Plunges on Lower Hardware Sales

Smart energy storage company Stem‘s revenue in the third quarter (Q3) of 2024 dropped 78% to $29.3 from $133.7 million in Q3 2023 due to lower battery hardware...

November 6, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Daily News Wrap-Up: CERC Adopts Tariff for 1 GW Wind-Solar Hybrid Projects

The Central Electricity Regulatory Commission (CERC) has adopted tariffs for 1,000 MW of interstate transmission system-connected wind-solar hybrid power projects...

November 5, 2024

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Mercom Staff

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Daily Wrap-up

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