FTC Solar’s Q3 Loss Widens to $25.6 Million

FTC Solar’s Q3 Loss Widens to $25.6 Million

U.S.-based solar tracker systems provider FTC Solar’s Q3 GAAP (generally accepted accounting principles) net loss widened to $25.6 million compared to $22.9 year-over-year (YoY) due to low demand induced by ...
/ / Finance and M&A, Solar
Array Technologies Swings to Profit in Q3 on Higher Sales Volume and Prices

Array Technologies Swings to Profit in Q3 on Higher Sales Volume and Prices

Solar tracker manufacturer Array Technologies swung to profit in the third quarter (Q3) of 2022 on the back of strong growth in sales volume and prices. The company’s quarterly net ...
/ / Finance and M&A, Solar
Solar Tracker Provider Array Technologies' Revenue Up by 63% in 1H 2022

Solar Tracker Provider Array Technologies’ Revenue Up by 63% in 1H 2022

U.S.-based solar tracking systems provider Array Technologies has announced the financial results for the first half (1H) and the second quarter (Q2) of the calendar year (CY) 2022. The company ...
/ / Finance and M&A, Solar
Array Tech to Acquire Solar Tracker Manufacturer STI Norland for $652 Million

Array Tech to Acquire Solar Tracker Manufacturer STI Norland for $652 Million

Array Technologies, a U.S.-based solar tracking systems manufacturer, has signed an agreement to acquire Soluciones Técnicas Integrales Norland (STI Norland) for €570 million (~$652.16 million) in cash and stock. The ...
/ / Finance and M&A, Solar
Daily News Wrap-Up: Indian Railways to Entirely Run on Renewable Energy by 2030

Daily News Wrap-Up: Indian Railways to Entirely Run on Renewable Energy by 2030

Here are some noteworthy cleantech announcements of the day from around the world: Union Minister of Railways Piyush Goyal has said that the entire Indian rail network would be fully ...
/ / Other, Renewable Energy
Daily News Wrap-Up_ This Solar Oyster Production System Can Help Reduce Nitrogen in Water (1)

Daily News Wrap-Up: This Solar Oyster Production System Can Help Reduce Nitrogen in Water

Here are some noteworthy cleantech announcements of the day from around the world: Bayer has signed a 10-year power purchase agreement with Iberdrola to procure clean energy supply for its ...
/ / Other, Renewable Energy