Torrent Power Records a 110% YoY Increase in Revenue in Q1 FY23
Gujarat-based power company Torrent Power recorded revenue of ₹66.19 billion (~$832.01 million) in the first quarter (Q1) of the financial year (FY) 2023, a year-over-year (YoY) increase of 110% compared ...
Energy Storage Firm Stem Posts 166% Growth in Revenue, Secures Supply Chain for 2022
Stem, a smart energy storage company, posted revenue of $44.1 million in the first quarter (Q1) of 2022, a year-over-year (YoY) spike of 166% from $15.4 million in the same ...
Shoals Technologies’ Revenue Rises 49% YoY to $68 Million in Q1 2022
Manufacturer of the solar balance of system components, Shoals Technologies Group, recorded revenue of $68 million in the first quarter (Q1) of 2022, a year-over-year (YoY) increase of 49% from ...
Battery Storage Company Flux Power’s Revenue Up by 89% YoY in Q3 FY 2022
U.S.-based lithium-ion storage solutions provider Flux Power Holdings recorded $13.2 million in revenue in the third quarter (Q3) of the fiscal year 2022, an increase of 89% from $7 million ...
SMA Solar Technology’s Net Income Up 22% to €28 million in FY 2021
SMA Solar Technology AG, a German solar equipment supplier, recorded revenue of €221 million (~$232 million) in the first quarter (Q1) of 2022, a year-over-year (YoY) decline of 8% from ...
Ballard Power Systems’ Revenue Rises to $21 Million in Q1 2022
Ballard Power Systems, a fuel cell, and clean energy solutions provider recorded a revenue of $21 million in the first quarter (Q1) of 2022, a year-over-year (YoY) surge of 19% ...
Solar Tracking Systems Company FTC Solar’s Revenue Dips 25% in Q1 2022
U.S.-based solar tracker systems provider FTC Solar recorded a revenue of $49.5 million in the first quarter (Q1) of 2022, a year-over-year (YoY) drop of 25%compared to $65.7 million in ...
Atlantica’s Renewable Business Revenue Dips 8.7% YoY to $182.1 Million in Q1 2022
Sustainable infrastructure company Atlantica, which manages and invests in renewable energy, reported first-quarter (Q1) revenue of $247.5 million, a year-over-year (YoY) decline of 7.6% from $268.1 million in the same ...
Renewable Energy Solutions Provider Scatec Posts $106 Million Revenue in Q1
Europe-based independent power producer Scatec recorded first-quarter (Q1) revenue of NOK1014 million (~$106.2 million), a year-over-year (YoY) surge of 25% from NOK954 million (~$100.40 million) in the same period last ...
Borosil Renewables Income Surges by 30.9% to ₹6.65 Billion in FY 2021
India-based solar glass manufacturer Borosil Renewables announced the fourth quarter (Q4) and full-year financial results for 2021-22. The company’s net income for 2021-22 was ₹6.65 billion (~$86.38 million), an increase ...
Sunnova Records 59% YoY Increase in Revenue With $65.7 Million in Q1 2022
U.S.-based residential solar company Sunnova reported revenue of $65.7 million in the first quarter of 2022, a year-over-year (YoY) increase of 59% compared to $41.3 million in the same period ...
Polysilicon Manufacturer Daqo Reports a YoY Revenue Surge of 399% in Q1 2022
Daqo New Energy Corporation, a Chinese solar photovoltaic-grade polysilicon manufacturer, reported a revenue of $1.2 billion in the first quarter (Q1) of 2022, a year-over-year (YoY) increase of 399% compared ...
TotalEnergies’ Net Income Surges 48% YoY to $4.9 Billion in Q1 2022
French oil and gas company TotalEnergies reported a first-quarter net income of $4.9 billion, a 48% year-over-year (YoY) increase compared to $3.3 billion in Q1 of 2021. The oil and ...
NextEra’s Clean Energy Business Records Net Income of $628 Million in Q1 2022
The U.S.-based energy company NextEra Energy reported first-quarter earnings of $1,455 million, a year-over-year (YoY) increase of 9.3% compared to $1,330 million in 2021. NextEra Energy is headquartered in Florida ...
Tesla Records an 81% YoY Surge in Revenue with $18.7 Billion in Q1 2022
Tesla registered a record revenue of $18.7 billion in the first quarter of 2022, a year-over-year (YoY) increase of 81% compared to $10.3 billion in Q1 of last year. Growth ...
ReneSola’s Net Income Up 147% YoY in 2021, Solar Project Pipeline Expanded to 2.2 GW
ReneSola Power, a fully integrated solar project developer and operator, announced the financial results for the fourth quarter (Q4) of 2021. The company recorded a net revenue of $22.8 million, ...
Azure Power Registers 16.2% YoY Rise in Revenue in Q4 FY2021
Azure Power posted a 16.2% year-over-year (YoY) rise in its revenue in the fourth quarter (Q4) of the financial year (FY) 2021, driven by projects commissioned in FY 2021. Other reasons ...
SolarEdge Posts $405.5 Million in Revenues in Q1 2021
Israel-based SolarEdge Technologies, a manufacturer of power optimizers, solar inverters, and monitoring systems, reported revenues of $405.5 million in the first quarter of 2021 – up 13% from $358.1 million ...
Solar Module Manufacturer Websol Reports 21.3% Rise in Revenue in Q3 of FY 2021
The Kolkata-based solar cells and modules manufacturer, Websol Energy Systems, has announced the financial results for the third quarter (Q3) of the financial year 2021 (FY21). The company reported a ...
Tata Power Records 10% Rise in Net Profit, Higher Solar EPC Revenue in Q2 of FY 2021
Tata Power announced its earnings for the quarter ended September 30, 2020 (Q2) of the financial year 2020-2021, and posted a net profit of ₹3.71 billion (~$49.8 million), a 10% ...
Azure Power Posts 16% Revenue Increase in FY Q1 2021
Azure Power has announced the consolidated results for the first quarter (Q1) of the financial year (FY) 2021. According to the financial statement released by the company, the company registered ...
JinkoSolar Bags 10.7 GW of Orders in 2019, Announces Mono Wafer Capacity Expansion of 5 GW
Chinese solar module, cell, and wafer manufacturer, JinkoSolar, has announced that it has already received orders of 10.7 GW for the current year. The company also announced that it is ...
Renewables Help Tata Power Increase Its Consolidated Profit After Tax by 85% in Q2 FY19
Tata Power’s Q2 FY19 consolidated profit after tax (PAT) was up 85 percent at ₹3.93 billion (~$53.53 million) as compared to ₹2.13 billion (~$29.01 million) in the previous year. Standalone ...