net-income

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Fluence Energy’s Q4 Revenue Up 82% YoY, Driven by Energy Storage Deployments

Utility-scale energy storage firm Fluence Energy recorded a revenue of $1.2 billion in the fourth quarter (Q4) of fiscal year (FY) 2024, up 82% year-over-year (YoY), on...

November 27, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Shoals’ Revenue Drops 23.9% in Q3 2024 Amid Project Delays and Supply Chain Issues

U.S.-headquartered Shoals Technologies Group, a manufacturer of electrical balance of systems (EBOS) for solar, energy storage and emobility, reported a 23.9%...

November 14, 2024

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Gautamee Hazarika

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Markets & Policy

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Renewable Energy
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Eos Energy Q3 Revenue of $854,000 Misses Estimates by 87%

Energy storage solutions provider Eos Energy Enterprises reported a revenue of $854,000 for the third quarter (Q3) of 2024, a 24.9% year-over-year (YoY) increase from...

November 11, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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IEX Reports 25% Jump in Q2 FY 2025 Profits, Trades 36.7 BU of Energy

The Indian Energy Exchange (IEX)  has reported a consolidated revenue of ₹1.68 billion (~$20.1 million), an increase of 26.2% year-over-year (YoY) in the second quarter...

October 28, 2024

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Gautamee Hazarika

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Markets & Policy

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Renewable Energy
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Enphase’s Q3 Revenue Drops 31% YoY Amid European Demand Slump

Microinverter and battery storage supplier Enphase Energy reported a revenue of $380.9 million in the third quarter (Q3) of 2024, a 31% drop from $551.08 million a year...

October 24, 2024

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Arjun Joshi

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Finance and M&A

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Other
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Amara Raja Energy & Mobility’s Revenue Rises 13% in Q1 FY 2025

Battery manufacturer Amara Raja Energy & Mobility has announced a profit before tax of ₹3.29 billion (~$39.1 million) for the first quarter of the financial year FY...

August 5, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar
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Nextracker’s Net Income Up 95% YoY in Q1 FY 2025 as Global Demand Grows

Solar tracker firm Nextracker has recorded a net income of $139 million, a 95% year-over-year (YoY) increase compared to $71 million for the first quarter (Q1) of the...

August 5, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar
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Gensol Engineering’s Q4 Profit Soars 310% YoY to ₹348.2 Million

Engineering and consulting firm Gensol Engineering posted a net profit of ₹348.2 million (~$4.1 million) during the fourth quarter (Q4) of 2024, a year-over-year (YoY)...

May 30, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar
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Suzlon Energy’s Q4 Income Rises 29.85% YoY as Order Book Swells

Wind turbine manufacturer Suzlon Energy recorded a total income of ₹21.79 billion (~$262 million) during the fourth quarter (Q4) of 2024, a year-over-year (YoY) increase...

May 27, 2024

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Gautamee Hazarika

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Markets & Policy

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Wind
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Eos Energy Narrows Loss in Q1 2024, Cuts Direct Material Cost

Energy storage solutions provider Eos Energy Enterprises narrowed its first quarter, 2024 net loss by 34.7% to $46.71 from $71.6 million in the same quarter of 2023....

May 16, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Fuel Cell Firm Ballard Posts $14.5 Million Revenue, Proposes New 3 GW Facility

Fuel cell manufacturer Ballard Power Systems recorded a net loss from continuing operations in the first quarter (Q1) of 2024 amounted to $41.1 million, recording an...

May 8, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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Enphase Energy Reports Net Income Drop of 75% in Q1 on Weak Demand

Microinverter and battery storage supplier Enphase Energy recorded a net income of $48 million during the first quarter (Q1) of 2024, a year-over-year (YoY) decrease of...

April 24, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Shoals’ Q4 Revenue Surges by 38%, Driven by Higher Sales

Shoals Technologies Group, a manufacturer of electrical balance of systems (EBOS) for solar, energy storage, and eMobility reported a net income of $16.6 million during...

March 1, 2024

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Gautamee Hazarika

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Markets & Policy

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Other

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Renewable Energy
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Tesla’s Net Income in 2023 Drops 23%, Energy Storage Deployments Surge 125%

U.S.-based electric vehicle (EV) maker Tesla reported a net income of $2.4 billion in the fourth quarter (Q4) of the financial year (FY) 2023, a 39% year-over-year (YoY)...

January 25, 2024

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Gautamee Hazarika

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Electric Vehicles

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Energy Storage

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Market & Policy
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Tracker Firm FTC Solar’s Net Loss Narrows by 34% YoY as Product Margins Improve

U.S.-based solar tracker systems provider FTC Solar‘s net loss of $16.94 million during the third quarter (Q3) of the financial year (FY) 2023, a year-over-year (YoY)...

November 13, 2023

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Gautamee Hazarika

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Markets & Policy

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Solar

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