NextEra’s Clean Energy Business’ Net Income Up 17% YoY in Q4 2022
The U.S.-based energy company NextEra Energy reported a net income of $1.52 billion for the fourth quarter (Q4) of 2022, up by 26.41% year-over-year (YoY), driven primarily due to successful ...
Nordex’s 9M Net Loss Grows to €372 Million on Supply Chain Disruptions
Germany-based wind turbine manufacturer Nordex SE reported a net loss of €371.6 million (~$385.1 million) in the first nine months (9M) of the calendar year (CY) 2022, compared to €103.7 ...
IREDA’s Loan Approvals for Renewables Swell by 89% QoQ in Q2 FY23
Indian Renewable Energy Development Agency (IREDA) has posted a profit of ₹1.84 billion (~$22.83 million) in the second quarter (Q2) of the financial year (FY) 2023, marking an increase of ...
Maxeon’s Q3 Net Loss Shrinks to $44.7 Million on Higher Shipments for Rooftop Solar Market
Solar module manufacturer Maxeon Solar Technologies' net loss narrowed to $44.7 million in the third quarter (Q3) of 2022, compared to $65.4 million year-over-year (YoY). The company said that the ...
Wind Turbine Manufacturer Suzlon’s Profit Soars to ₹564 Million in Q2 FY23
Indian wind turbine manufacturer Suzlon Energy posted a net profit of ₹564.7 million (~$6.95 million) during the second quarter (Q2) of the financial year (FY) 2023, an increase of 555% ...
Higher Operating Costs Drive Fuel Cell Firm Ballard’s Net Loss Up 39% YoY in Q3
Ballard Power Systems, a fuel cell and clean energy solutions provider, recorded a net loss of $42.88 million in the third quarter (Q3) of 2022, a year-over-year (YoY) increase of ...
Wind Turbine Maker Vestas Posts €147 Million Loss in Q3 Amid Market Uncertainties
Vestas Wind Systems, a wind turbine manufacturer, posted a loss of €147 million (~$146.33 million) in the third quarter (Q3) of the calendar year (CY) 2022, compared to a profit ...
Tata Power’s Renewables Business Revenue Up 7% YoY in Q2 FY23
Tata Power reported a profit of ₹18.19 billion (~$220.89 million) in 1H FY 2023, registering a growth of 87% over the same period a year ago. For Q2 FY 2023, ...
REC Limited’s Loan Disbursements to Renewable Energy Companies Rises by 426% in 1H FY 2023
REC Limited's consolidated net profit saw a marginal increase of 4% to ₹51.76 billion (~$628.57 million) in the first half (1H) of FY 2023, compared to ₹49.6 billion (~$602.34 million) ...
Enphase Energy’s Revenue Jumps 81% to $635 Million in Q3 2022 on Strong Demand
Microinverter-based solar-plus-storage systems company Enphase Energy recorded revenue of $634.7 million in the third quarter (Q3) of 2022, a year-over-year (YoY) increase of 81% from $351.5 million. The numbers marked ...
Sterling and Wilson Q2 Net Loss Widens to ₹2.99 Billion With Steep Fall in EPC Revenues
The consolidated net loss for Sterling and Wilson Renewable Energy (formerly Sterling and Wilson Solar) rose by 5% to ₹2.99 billion (~$36.35 million) in the second quarter (Q2) of the ...
Jinko Solar Ships Over 10 GW of Modules in Q2 2022
Jinko Solar, the Chinese solar cell and module manufacturer, has recorded a revenue of RMB18.84 billion (~$2.81 billion) in the second quarter (Q2) of the calendar year 2022, up 27.6% quarter-over-quarter ...
ReNew Power’s Revenue for Q1 FY23 Up by 48% to ₹25 Billion
Independent power producer ReNew Power posted total revenue of ₹25 billion (~$313.41 million) for the first quarter (Q1) of the fiscal year (FY) 2023, an increase of 48.8% compared to ...
REC Silicon’s Revenue Up by 26% YoY With $45 Million in Q2 2022
REC Silicon, a leading producer of advanced silicon materials, posted a revenue of $45 million in the second quarter (Q2) of the calendar year (CY) 2022, up 20% from $34.6 ...
Wind Turbine Maker Suzlon’s Revenue Up 21% YoY to ₹13.78 Billion in Q1 FY 2023
Indian multinational wind turbine manufacturer Suzlon Energy Limited posted net revenue of ₹13.78 billion (~$173.52 million) for the first quarter (Q1) of the financial year (FY) 2022-23, a year-over-year (YoY) ...
Iron Flow Battery Maker ESS Tech Posts Rise in Revenue in Q2 2022
U.S.-based manufacturer of long-duration iron flow batteries, ESS Tech, Inc., posted revenue of $686,000 for the second quarter (Q2) compared to zero revenue generation for the same period in 2021 ...
Solar Tracking Systems Company FTC Solar’s Loss Reduces to $25.62 Million in Q2 2022
U.S.-based solar tracker systems provider FTC Solar recorded a revenue of $30.7 million in the second quarter (Q2) of 2022, a year-over-year (YoY) drop of 39% compared to $50.1 million ...
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 ...
Residential Solar Company Sunrun’s Revenue Up by 46% YoY in Q2 2022
Sunrun, a U.S.-based residential solar, battery storage, and energy services company, registered total revenue of $584.6 million in the second quarter (Q2) of the calendar year (CY) 2022, up 46%, ...
Residential Solar Firm Sunnova’s Revenue Surges 121% YoY to $147 Million in Q2 2022
Sunnova, a U.S.-based residential solar company, recorded revenue of $147 million in the second quarter (Q2), a year-over-year (YoY) leap of 121% from ~$67 million last year. The company attributed ...
Enphase Energy’s Revenue Surges 66% YoY to $530 Million in Q2 2022
Microinverter-based solar-plus-storage systems company Enphase Energy recorded second-quarter (Q2) revenue of $530.2 million, a year-over-year (YoY) increase of 66% from $316.05 million in Q2 2021. The company said that the ...
ChargePoint’s Revenue Leaps 102% YoY to $86 Million in Q1 2022
Electric vehicle (EV) charging network company ChargePoint Holdings recorded revenue of $86 million in the first quarter (Q1) of 2022, a year-over-year (YoY) growth of 102% from $40.5 million in ...
REC Silicon’s Revenue Surged 23% YoY to $34.6 Million in Q1 2022
U.S.-based producer of advanced silicon materials REC Silicon recorded revenue of $34.6 million in Q1 2022, a year-over-year (YoY leap of 23% from $28.1 million in the same period last ...
Energy Storage Solutions Provider Eos Energy’s Revenue Up by 6.5% QoQ in Q1 CY 2022
U.S.-based Eos Energy Enterprises, a sustainable zinc-based energy storage solutions provider, has announced the results for the first quarter (Q1) of the calendar year (CY) 2022. The company reported a ...
Inverter Company SolarEdge’s Revenue Up 19% in Q1 2022 to $655 Million
SolarEdge, an Israel-based manufacturer of solar inverters, power optimizers, and monitoring systems, reported a revenue of $655.1 million in the first quarter (Q1) of 2022, an increase of 19% from ...
