net-income

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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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SMA Solar’s Q3 Net Income Soars to $82 Million, Up 256% YoY

Germany-based solar energy equipment supplier SMA Solar Technology reported a net income of €76.94 million (~$82 million) during the third quarter (Q3) of 2023, a...

November 10, 2023

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Gautamee Hazarika

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Markets & Policy

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Solar
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Shoals Technologies Sees Q3 2023 Financial Setback with $9.8 Million Net Loss

Shoals Technologies Group, a manufacturer of electrical balance of systems (EBOS) for solar, energy storage, and eMobility reported a net loss of $9.8 million for the...

November 9, 2023

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Gautamee Hazarika

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Markets & Policy

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Solar
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Amara Raja’s Q2 FY24 Profit Up 12.5% YoY as Sales Volume Grows

Amara Raja Energy & Mobility recorded a profit of ₹2.26 billion (~$27.1 million) during the second quarter (Q2) of the financial year (FY) 2024, a year-over-year...

November 3, 2023

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Gautamee Hazarika

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Energy Storage

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Markets & Policy
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Daqo New Energy’s Q2 Net Income Plunges 83.5% YoY as Polysilicon Prices Drop

China-based photovoltaic (PV)-grade polysilicon manufacturer Daqo New Energy Corporation, in the second quarter (Q2) of the financial year (FY) 2023, reported a net...

August 4, 2023

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Gautamee Hazarika

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Markets & Policy

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Solar
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First Solar’s Q2 Net Income Surges 205% YoY on Increased Module Sales

U.S.-based solar module manufacturer First Solar recorded a net income of $170.58 million in the second quarter (Q2) of 2023, an increase of 205% year-over-year (YoY)...

July 28, 2023

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Rakesh Ranjan

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Finance and M&A

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Solar
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Iberdrola’s Q1 Profit Soars 40% to $1.6 Billion on Higher Demand in Europe

Spain-based independent power producer Iberdrola recorded a net profit of €1.5 billion (~$1.6 billion) for the first quarter (Q1) of the financial year (FY) 2023, an...

May 2, 2023

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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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First Solar Swings into Net Income of $43 Million in Q1 on Higher Sales

U.S.-based solar module manufacturer First Solar recorded a net income of $42.6 million in the first quarter (Q1) of the financial year (FY) 2023, compared to a net loss...

April 28, 2023

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Arjun Joshi

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Other

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Renewable Energy

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