revenue

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FTC Solar Q4 2023 Net Loss Narrows by 45.3% YoY to $11.2 Million

U.S.-based solar tracker systems provider FTC Solar’s net loss for the fourth quarter (Q4) in 2023 amounted to $11.2 million, an improvement of 45.3% year over year...

March 14, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar
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Ballard Power Systems’s Loss Up 77% to $48.9 Million

Fuel cell manufacturer Ballard Power Systems has reported a net loss of $48.9 million in the fourth quarter (Q4) of 2023, an increase of 77.17% year-over-year (YoY) from...

March 13, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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Daily News Wrap-Up: Karnataka Lowers Retail Electricity Tariff for C&I Consumers

The Karnataka Electricity Regulatory Commission has reduced the retail electricity tariff for commercial and industrial consumers of high tension categories in the...

March 7, 2024

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Mercom Staff

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Daily Wrap-up
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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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Battery Tech Company Solid Power’s Net Loss Widens by 586% in 2023

Solid Power, which develops all-solid-state battery technology for electric vehicles (EV), recorded a net loss of $65.55 million during 2023, a 586.3% year-over-year...

February 29, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar
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Array Tech Reports $19.34 Million Q4 Profit on Higher Operational Income

Array Technologies, a utility-scale solar tracker company, reported a net profit of $19.34 million for the fourth quarter (Q4) of 2023, an improvement of 268%...

February 28, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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Sunnova’s Q4 Losses Balloon as Operating and Interest Expenses Soar

U.S.-based residential solar firm Sunnova Energy‘s fourth quarter (Q4) net loss ballooned by about 800% to $187.6 million from $20.9 million last year, hurt by...

February 23, 2024

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Staff

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Finance and M&A
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Bloom Energy Records $357 Million in Q4 Revenue, a 22.8% YoY Decline

Fuel cell manufacturer Bloom Energy, in the fourth quarter (Q4) of 2023, recorded a revenue of $357 million, marking a 22.8% year-over-year (YoY) decline from $462.6...

February 19, 2024

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Gautamee Hazarika

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Energy Efficiency

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Markets & Policy
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Captive Segment Growth Drives KPI Green’s Profit Up 47% YoY in Q3 FY24

Renewable energy solutions provider KPI Green Energy posted a net profit of ₹506.09 million (~$6.09 million) in the third quarter (Q3) of the financial year (FY) 2023-24,...

February 16, 2024

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Arjun Joshi

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Other

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Renewable Energy
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Fluence Energy Reports Record Order Intake of $1.1 Billion in Q1 FY24

Energy storage technology and solutions provider Fluence Energy recorded a revenue of $364 million in the first quarter (Q1) of the fiscal year (FY) 2023-24, registering...

February 14, 2024

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Staff

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Energy Storage

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Market & Policy
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SJVN’s Q3 Net Profit Plunges 52% as Hydropower Generation Drops

SJVN has recorded a net profit of ₹1.39 billion (~$16.74 million) during the third quarter (Q3) of the financial year (FY) 2023-24, a year-over-year (YoY) decrease of 51....

February 13, 2024

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Arjun Joshi

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Other

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Renewable Energy
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PFC Posts ₹63 Billion Net Profit in Q3 FY2024, Loan Assets Rise 18.5% YoY

Government-owned Power Finance Corporation (PFC) recorded a net profit of ₹62.94 billion (~$758 million) during the third quarter (Q3) of the financial year (FY) of 2024,...

February 12, 2024

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Gautamee Hazarika

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Markets & Policy

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Renewable Energy
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Tata Power Reports Net Profit for 17th Consecutive Quarter in Q3 FY 2024

Tata Power, an integrated power company, recorded a net profit of ₹10.76 billion (~$129.6 million) in the third quarter (Q3) of the financial year (FY) 2024, a growth of...

February 12, 2024

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Gautamee Hazarika

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Market & Policy

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Renewable Energy
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Torrent Power’s Q3 Profit Falls 46% YoY to ₹3.74 Billion As Fuel Expenses Surge

Gujarat-based power company Torrent Power recorded a profit after tax (PAT) of  ₹3.74 billion (~$45.05 million) for the third quarter (Q3) of the financial year (FY)...

February 9, 2024

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Arjun Joshi

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Other

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Renewable Energy
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Sales Volume Growth Drives Amara Raja’s Q3 Profits Up 15%

Amara Raja Energy & Mobility recorded a net profit of ₹2.55 billion (~$30.7 million) during the third quarter (Q3) of the financial year (FY) 2024, a year-over-year...

February 1, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy

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