quarterly-results

thumbnail
Canadian Solar’s Q1 Profits Dip 85% on Lower Module Demand and Prices

Solar module manufacturer Canadian Solar posted a net income of $12.35 million in the first quarter (Q1) of 2024, an 85.25% year-over-year (YoY) drop from $83.71 million...

thumbnail
Stem Reports First-Ever Positive Quarterly EBITDA in Q4 as Sales Surge

Smart energy storage company Stem’s fourth quarter (Q4) net loss widened by 6.8% to $37.7 million from the net loss of 35.3 million in Q4 2022. The lower gross profit...

February 29, 2024

/

Satish Shetty

/

Energy Storage

,

Market & Policy
thumbnail
REC Limited Records Highest-Ever 9M Profit of ₹100 Billion in FY24

Public infrastructure finance company REC Limited recorded a revenue of ₹120 billion (~$1.44 billion) for the third quarter (Q3) of the financial year (FY) 2023-24, a 23....

January 23, 2024

/

Satish Shetty

/

Finance and M&A

,

Renewable Energy
thumbnail
IREDA’s Q3 Profit Surges 67%, NPAs Continue to Decline

The government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported a 67% year-over-year (YoY) increase in profit after tax for the third quarter...

January 22, 2024

/

Arjun Joshi

/

Other

,

Renewable Energy
thumbnail
ChargePoint’s Q3 Revenue Drops 12% YoY as Demand for Charging Infra Dwindles

Electric vehicle (EV) charging solution provider ChargePoint’s revenue for the third quarter (Q3) of 2023 came in at $110.3 million, a 12% year-over-year (YoY) decrease...

December 7, 2023

/

Gautamee Hazarika

/

Electric Vehicles

,

Market & Policy
thumbnail
IREDA Reports 54% Jump in Profits in Q2 as Non-Performing Assets Continue to Drop

The government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported a 54% year-over-year (YoY) increase in profit after tax for the second...

October 23, 2023

/

Satish Shetty

/

Finance and M&A

,

Other

,

Renewable Energy
thumbnail
Flux Power Narrows Net Loss in Q4 FY23, Reports 44% YoY Improvement

Lithium-ion storage solutions provider Flux Power Holdings’ net loss for the fourth quarter (Q4) of the fiscal year (FY) ended June 30, 2023, was $1.5 million as...

September 27, 2023

/

Gautamee Hazarika

/

Energy Storage

,

Market & Policy
thumbnail
Scatec Posts a Profit of $38 Million in Q2 on Increased Project Development

Norway-based independent power producer Scatec reported a net profit of NOK402 million (~$38.07 million) in the second quarter (Q2) of 2023, a significant improvement...

August 21, 2023

/

Satish Shetty

/

Other

,

Renewable Energy
thumbnail
Lower Finance Costs Take ReNew’s Profit to ₹2.98 Billion Q1 FY24

Independent renewable power producer ReNew recorded a net profit of ₹2.98 billion (~$35.86 million) for the first quarter (Q1) of the financial year (FY) 2023-24, from a...

August 21, 2023

/

Satish Shetty

/

Finance and M&A

,

Other

,

Renewable Energy
thumbnail
Energy Storage Firm Fluence Continues to Narrow Losses in Q3, as Deployments Surge

Energy storage technology and solutions provider Fluence Energy’s net loss narrowed to $35.05 million in the third quarter (Q3) of the fiscal year (FY) 2022-23, a 42%...

August 16, 2023

/

Satish Shetty

/

Energy Storage

,

Market & Policy
thumbnail
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

/

Gautamee Hazarika

/

Markets & Policy

,

Solar
thumbnail
Sunrun’s Q2 Net Loss Increased by 62.4% YoY as Solar System Sales Drop

United States-based residential solar, battery storage, and energy services company Sunrun recorded a net loss of $340.72 million during the second quarter (Q2) of 2023,...

August 3, 2023

/

Gautamee Hazarika

/

Markets & Policy

,

Solar
thumbnail
SolarEdge’s Q2 Net Income Soars by 692% on Higher Solar Inverter Shipments

SolarEdge, an Israel-based solar inverter manufacturer, has posted a net income of $119.5 million during the second quarter (Q2) in 2023, a year-over-year (YoY) growth...

August 2, 2023

/

Gautamee Hazarika

/

Inverters & BOS

,

Markets & Policy

,

Solar
thumbnail
Daily News Wrap-Up: Outstanding Dues of State Power DISCOMs Reduced by Half in a Year

The Union Minister of New Renewable Energy and Power, R. K. Singh, in a written reply to Lok Sabha, stated that the effective enforcement of the Electricity (Late...

July 31, 2023

/

Mercom Staff

/

Daily Wrap-up
thumbnail
Higher Wind Turbines Sales Drive Nordex’ 1H 2023 Revenue Up 27%

Germany-based wind turbine manufacturer Nordex Group reported revenue of €2.8 billion (~$3 billion) in the first half (1H) of 2023, a year-over-year (YoY) increase of 27....

July 28, 2023

/

Gautamee Hazarika

/

Markets & Policy

,

Wind

1

2

3

...

5