Supply Chain Disruptions, Delayed Product Sales Hit ReneSola’s Financials in Q2 2022

Supply Chain Disruptions, Delayed Product Sales Hit ReneSola’s Financials in Q2 2022

ReneSola Power, a solar developer, posted net revenue of $8.6 million for the second quarter (Q2) of 2022, a year-over-year (YoY) fall of 54% from $18.88 million. The company attributed ...
/ / Finance and M&A, Solar
Torrent Power Records a 110% YoY Increase in Revenue in Q1 FY23

Torrent Power Records a 110% YoY Increase in Revenue in Q1 FY23

Gujarat-based power company Torrent Power recorded revenue of ₹66.19 billion (~$832.01 million) in the first quarter (Q1) of the financial year (FY) 2023, a year-over-year (YoY) increase of 110% compared ...
/ / Other, Renewable Energy
Energy Storage Firm Stem Posts 166% Growth in Revenue, Secures Supply Chain for 2022

Energy Storage Firm Stem Posts 166% Growth in Revenue, Secures Supply Chain for 2022

Stem, a smart energy storage company, posted revenue of $44.1 million in the first quarter (Q1) of 2022, a year-over-year (YoY) spike of 166% from $15.4 million in the same ...
Shoals Technologies’ Revenue Rises 49% YoY to $68 Million in Q1 2022

Shoals Technologies’ Revenue Rises 49% YoY to $68 Million in Q1 2022

Manufacturer of the solar balance of system components, Shoals Technologies Group, recorded revenue of $68 million in the first quarter (Q1) of 2022, a year-over-year (YoY) increase of 49% from ...
Battery Storage Company Flux Power's Revenue Up by 89% YoY in Q3 FY 2022

Battery Storage Company Flux Power’s Revenue Up by 89% YoY in Q3 FY 2022

U.S.-based lithium-ion storage solutions provider Flux Power Holdings recorded $13.2 million in revenue in the third quarter (Q3) of the fiscal year 2022, an increase of 89% from $7 million ...
SMA Solar Technology’s Net Income Up 22% to €28 million in FY 2021

SMA Solar Technology’s Net Income Up 22% to €28 million in FY 2021

SMA Solar Technology AG, a German solar equipment supplier, recorded revenue of €221 million (~$232 million) in the first quarter (Q1) of 2022, a year-over-year (YoY) decline of 8% from ...
Ballard Power Systems’ Revenue Rises to $21 Million in Q1 2022

Ballard Power Systems’ Revenue Rises to $21 Million in Q1 2022

Ballard Power Systems, a fuel cell, and clean energy solutions provider recorded a revenue of $21 million in the first quarter (Q1) of 2022, a year-over-year (YoY) surge of 19% ...
Solar Tracking Systems Company FTC Solar’s Revenue Dips 25% in Q1 2022

Solar Tracking Systems Company FTC Solar’s Revenue Dips 25% in Q1 2022

U.S.-based solar tracker systems provider FTC Solar recorded a revenue of $49.5 million in the first quarter (Q1) of 2022, a year-over-year (YoY) drop of 25%compared to $65.7 million in ...
Atlantica's Renewable Business Revenue Dips 8.7% YoY to $182.1 Million in Q1 2022

Atlantica’s Renewable Business Revenue Dips 8.7% YoY to $182.1 Million in Q1 2022

Sustainable infrastructure company Atlantica, which manages and invests in renewable energy, reported first-quarter (Q1) revenue of $247.5 million, a year-over-year (YoY) decline of 7.6% from $268.1 million in the same ...
Renewable Energy Solutions Provider Scatec Posts $106 Million Revenue in Q1

Renewable Energy Solutions Provider Scatec Posts $106 Million Revenue in Q1

Europe-based independent power producer Scatec recorded first-quarter (Q1) revenue of NOK1014 million (~$106.2 million), a year-over-year (YoY) surge of 25% from NOK954 million (~$100.40 million) in the same period last ...
Borosil Renewables Income Surges by 30.9% to $6.65 billion in FY 2021

Borosil Renewables Income Surges by 30.9% to ₹6.65 Billion in FY 2021

India-based solar glass manufacturer Borosil Renewables announced the fourth quarter (Q4) and full-year financial results for 2021-22. The company’s net income for 2021-22 was ₹6.65 billion (~$86.38 million), an increase ...
Sunnova Records 59% YoY Increase in Revenue With $65.7 Million in Q1 2022 1169376477

Sunnova Records 59% YoY Increase in Revenue With $65.7 Million in Q1 2022

U.S.-based residential solar company Sunnova reported revenue of $65.7 million in the first quarter of 2022, a year-over-year (YoY) increase of 59% compared to $41.3 million in the same period ...
Polysilicon Manufacturer Daqo Reports a YoY Revenue Surge of 399% in Q1 2022

Polysilicon Manufacturer Daqo Reports a YoY Revenue Surge of 399% in Q1 2022

Daqo New Energy Corporation, a Chinese solar photovoltaic-grade polysilicon manufacturer, reported a revenue of $1.2 billion in the first quarter (Q1) of 2022, a year-over-year (YoY) increase of 399% compared ...
TotalEnergies’ Net Income Surges 48% YoY to $4.9 Billion in Q1 2022

TotalEnergies’ Net Income Surges 48% YoY to $4.9 Billion in Q1 2022

French oil and gas company TotalEnergies reported a first-quarter net income of $4.9 billion, a 48% year-over-year (YoY) increase compared to $3.3 billion in Q1 of 2021. The oil and ...
/ / Finance and M&A, Other
NextEra's Clean Energy Business Records Net Income of $628 Million in Q1 2022

NextEra’s Clean Energy Business Records Net Income of $628 Million in Q1 2022

The U.S.-based energy company NextEra Energy reported first-quarter earnings of $1,455 million, a year-over-year (YoY) increase of 9.3% compared to $1,330 million in 2021. NextEra Energy is headquartered in Florida ...
/ / Finance and M&A, Other
Tesla Records an 81% YoY Surge in Revenue with $18.7 Billion in Q1 2022

Tesla Records an 81% YoY Surge in Revenue with $18.7 Billion in Q1 2022

Tesla registered a record revenue of $18.7 billion in the first quarter of 2022, a year-over-year (YoY) increase of 81% compared to $10.3 billion in Q1 of last year. Growth ...
/ / Other, Press Releases
ReneSola’s Net Income Up 147% YoY in 2021, Expands its Solar Project Pipeline to 2.2 GW

ReneSola’s Net Income Up 147% YoY in 2021, Solar Project Pipeline Expanded to 2.2 GW

ReneSola Power, a fully integrated solar project developer and operator, announced the financial results for the fourth quarter (Q4) of 2021. The company recorded a net revenue of $22.8 million, ...
Azure Power Registers 16.2% YoY Rise in Revenue in Q4 2021

Azure Power Registers 16.2% YoY Rise in Revenue in Q4 FY2021

Azure Power posted a 16.2% year-over-year (YoY) rise in its revenue in the fourth quarter (Q4) of the financial year (FY) 2021, driven by projects commissioned in FY 2021. Other reasons ...
/ / Finance and M&A, Solar
SolarEdge Posts $405.5 Million in Revenues in Q1 2021 (1)

SolarEdge Posts $405.5 Million in Revenues in Q1 2021

Israel-based SolarEdge Technologies, a manufacturer of power optimizers, solar inverters, and monitoring systems, reported revenues of $405.5 million in the first quarter of 2021 – up 13% from $358.1 million ...
Solar Module Manufacturer Websol Reports 21.3% Rise in Revenue in Q3 of FY 2021

Solar Module Manufacturer Websol Reports 21.3% Rise in Revenue in Q3 of FY 2021

The Kolkata-based solar cells and modules manufacturer, Websol Energy Systems, has announced the financial results for the third quarter (Q3) of the financial year 2021 (FY21). The company reported a ...
/ / Markets & Policy, Solar
Tata Power Records 10% Rise in Net Profit, Higher Solar EPC Revenue in Q2 of FY 2021

Tata Power Records 10% Rise in Net Profit, Higher Solar EPC Revenue in Q2 of FY 2021

Tata Power announced its earnings for the quarter ended September 30, 2020 (Q2) of the financial year 2020-2021, and posted a net profit of ₹3.71 billion (~$49.8 million), a 10% ...
/ / Markets & Policy, Solar
Azure Power Posts 16% Revenue Increase in Q1 2021

Azure Power Posts 16% Revenue Increase in FY Q1 2021

Azure Power has announced the consolidated results for the first quarter (Q1) of the financial year (FY) 2021. According to the financial statement released by the company, the company registered ...
/ / Markets & Policy, Solar
Jinko Solar Signs 240 MW Solar Module Supply Deal in Vietnam

JinkoSolar Bags 10.7 GW of Orders in 2019, Announces Mono Wafer Capacity Expansion of 5 GW

Chinese solar module, cell, and wafer manufacturer, JinkoSolar, has announced that it has already received orders of 10.7 GW for the current year. The company also announced that it is ...
Renewables Help Tata Power Increase Its Consolidated Profit After Tax by 85% in Q2 FY19

Renewables Help Tata Power Increase Its Consolidated Profit After Tax by 85% in Q2 FY19

Tata Power’s Q2 FY19 consolidated profit after tax (PAT) was up 85 percent at ₹3.93 billion (~$53.53 million) as compared to ₹2.13 billion (~$29.01 million) in the previous year. Standalone ...
/ / Markets & Policy, Solar