revenue

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IEX Reports 16.9% Growth in Q3 FY 2025 Profit, Trades 30.5 BU of Energy

Indian Energy Exchange (IEX) reported a consolidated revenue of ₹1.605 billion (~$19.32 million) for the third quarter (Q3) of the financial year (FY) 2025, up 13.7%...

January 24, 2025

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Staff

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Market & Policy

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Renewable Energy
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IndiGrid’s Revenue Flat at ₹7.7 Billion in Q3 FY 2025, Profit Drops 37%

India Grid Trust (IndiGrid), a power infrastructure investment trust, reported consolidated revenue of ₹7.72 billion (~$89.53 million) in the third quarter (Q3) of the...

January 24, 2025

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Arjun Joshi

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Finance and M&A

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Other
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EPC Growth Propels Sterling and Wilson to Fourth Straight Profitable Quarter

Sterling and Wilson Renewable Energy, the engineering, procurement, and construction (EPC) arm of the Shapoorji Pallonji Group, posted a net profit of ₹171.4 million...

January 16, 2025

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Arjun Joshi

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Finance and M&A

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Other
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IREDA’s Q3 Profits Record a 27% YoY Increase

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported a profit after tax of ₹4.25 billion (~$49.52 million) during the third quarter...

January 10, 2025

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Tina Freese

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Other

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Renewable Energy
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ChargePoint Q3 FY 2025 Revenue Exceeds Guidance Despite 10% YoY Decline

U.S.-based electric vehicle charging solutions company ChargePoint reported revenue of $100 million for the third quarter (Q3) FY 2025, exceeding its guidance range of...

December 10, 2024

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Gautamee Hazarika

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Electric Vehicles

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Markets & Policy
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Daily News Wrap-up: KERC Eases Rooftop Solar Installation Rules

The Karnataka Electricity Regulatory Commission (KERC) has issued an order to simplify the adoption of rooftop solar systems for consumers with sanctioned loads of up to...

December 9, 2024

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Mercom Staff

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Daily Wrap-up
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Canadian Solar Misses Revenue Expectations as Module Prices Fall

Solar module manufacturer Canadian Solar‘s third quarter (Q3) 2024 revenue and earnings fell short of analyst expectations as average selling prices for solar...

December 9, 2024

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Arjun Joshi

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Finance and M&A

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Other
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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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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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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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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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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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Battery Tech Firm Solid Power Reports 26.94% YoY Fall in Q3 Revenue

Solid Power, which develops solid-state battery technology for electric vehicles, reported a revenue of $4.7 million in the third quarter (Q3) of 2024, reflecting a 26....

November 12, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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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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