loss

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Daqo Q2 2024 Revenue Falls 65% YoY Amid Plummeting Polysilicon Prices

China-based polysilicon manufacturer Daqo New Energy Corporation reported a significant decline in both revenue and net income for the second quarter (Q2) of 2024 due to...

August 29, 2024

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Arjun Joshi

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Finance and M&A

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Other
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Canadian Solar Posts $47.98 Million Loss in Q2 2024

Canada-based solar module company Canadian Solar ran up a loss of $47.98 million in the second quarter (Q2) of 2024 from a profit of $124.73 million in the same quarter...

August 28, 2024

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Staff

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Renewable Energy

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Solar
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Fluence Narrows Loss in Q3 FY 2024, Sees Growth in Energy Storage Demand

Fluence Energy, a utility-scale energy storage firm, reported a revenue of $483.31 million in the third quarter (Q3) of the financial year (FY) 2023-24, a 10%...

August 12, 2024

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Arjun Joshi

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Finance and M&A

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Other
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Non-cash Charges Push Plug Power’s Net Loss Up in Q2 2024

Hydrogen fuel cell solutions provider Plug Power‘s second quarter (Q2) 2024 revenue dropped 44.88% year-over-year to $143.4 million from $260.18 million. The...

August 12, 2024

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Staff

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Finance and M&A

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Renewable Energy
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Solar Tracker Firm Array Tech’s Revenue Dips 50% YoY in Q2 2024

U.S.-based solar tracker company Array Technologies reported a revenue of $255.77 million in the second quarter (Q2) of 2024, a 50% year-over-year (YoY) decrease from...

August 12, 2024

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Staff

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Finance and M&A

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Solar
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Sunrun Narrows Loss in Q1 2024 as Storage Installations Grow 15% YoY

U.S-based solar energy, battery, and storage service provider Sunrun incurred a net loss of $87.8 million in the first quarter (Q1) of 2024 due to the company...

May 10, 2024

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Staff

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Finance and M&A

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Solar
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Solar Industry Loses $4.6 Billion in 2023 Due to Equipment Underperformance

The solar industry faced a notable increase in underperformance from faults and issues with photovoltaic (PV) equipment, rising to 4.47% in 2023 from 3.13% in 2022. This...

April 5, 2024

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Arjun Joshi

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Markets & Policy

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Solar
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Energy Storage Firm Fluence Cuts Q2 Loss to $37 Million on Higher Deployments

Energy storage technology and services provider Fluence’s net loss narrowed to $37.4 million for the second quarter (Q2) of the financial year (FY) 2023 from a loss of...

May 12, 2023

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Gourav Mishra

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Energy Storage

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Market & Policy
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Scatec’s Q1 Revenue Rises 21% to $87 Million on Higher Power Production

Norwegian independent power producer Scatec’s total revenue rose 21% year-over-year (YoY) to NOK919 million (~$87 million) for the first quarter (Q1) of the financial...

May 10, 2023

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Gourav Mishra

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Markets & Policy

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Solar
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Ballard Power’s Q4 Net Loss Narrows to $34.4 Million

The net loss of fuel cell and clean energy solutions provider Ballard Power Systems narrowed to $34.4 million in the fourth quarter (Q4) of the financial year (FY) 2022...

March 20, 2023

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Gourav Mishra

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Other

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Renewable Energy
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Jinko Solar’s Q4 Net Income Rises 33% on Increased Module Shipments

Chinese cell and module manufacturer Jinko Solar‘s adjusted net income for the fourth quarter (Q4) of the financial year (FY) 2022 rose to RMB312.4 million ($45.3...

March 13, 2023

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Arjun Joshi

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Other

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Renewable Energy
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EV Charging Company ChargePoint Posts 93% Revenue Increase YoY in Q4

Electric vehicle (EV) charging solution provider ChargePoint’s net loss widened to $78 million for the fourth quarter (Q4) of the financial year (FY) 2022 from $60...

March 7, 2023

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Gourav Mishra

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Electric Vehicles

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Finance and M&A
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Eos Energy’s Q4 Loss Widens YoY to $56.6 Million on Higher Interest Expenses

The net loss of Eos Energy, a sustainable zinc-based energy storage solutions provider, widened to $56.6 million for the fourth quarter (Q4) of the financial year (FY)...

March 2, 2023

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Gourav Mishra

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Energy Storage

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Finance and M&A
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Daily News Wrap-Up: NTPC REL Tenders 310 MW of Solar Projects

NTPC Renewable Energy (NTPC REL) has invited bids to develop 310 MW floating and ground-mounted solar projects at Damodar Valley Corporation (DVC) reservoirs. The tender...

February 24, 2023

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Mercom Staff

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Daily Wrap-up
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Sunnova’s Q4 Net Loss Doubles to $61.9 Million on Higher Operating Expenses

U.S.-based residential solar company Sunnova posted a net loss of $61.9 million for the fourth quarter (Q4) of 2022 compared to $31.2 million year-over-year. The higher...

February 23, 2023

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Gautamee Hazarika

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Finance and M&A

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Rooftop

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Solar

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