trackers

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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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Lower Manufacturing Costs Drive FTC Solar’s Loss Down in Q2 2023

U.S.-based solar tracker systems provider FTC Solar‘s net loss narrowed to $7.2 million for the second quarter (Q2) of the financial year (FY) 2023 from $18.2...

August 10, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Solar Tracker Company Soltec’s Q1 Net Loss Narrows to €9.6 Million

Solar tracker maker Soltec Power Holdings’s net loss narrowed to €9.6 million (~$10.4 million) in the first quarter (Q1) of the financial year 2023 compared to a net...

May 15, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Gensol Acquires Solar Tracker Maker Scorpius for ₹1.35 Billion

Gensol Engineering, a part of solar engineering, procurement, and construction (EPC) company Gensol Group, has acquired India-based solar tracker manufacturer Scorpius...

March 23, 2023

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Gourav Mishra

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Other

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Renewable Energy
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Soltec’s Profit Surges to €13.1 Million in 2022 on Strong Demand for Solar Trackers

Solar tracker maker Soltec Power Holdings recorded a net profit of €13.1 million ($14 million) in financial year (FY) 2022, a year-over-year (YoY) increase of 1191%...

March 3, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Solar Tracker Firm NEXtracker Raises $638 Million in IPO

Integrated solar tracker and software solutions firm NEXtracker, a subsidiary of diversified manufacturing company Flex, has raised $638 million in an initial public...

February 10, 2023

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Gourav Mishra

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Finance and M&A

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Solar
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The Indian Solar Markets’ Top Players in 2020

Solar installations in the calendar year (CY) 2020 totaled 3.2 GW, a 56% decline compared to 7.3 GW of capacity added in 2019. The Covid-19 outbreak brought the solar...

April 29, 2021

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Raj Prabhu

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Mercom Research Focus

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Other
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India’s Solar Market Share Leaders for First Half of 2018 Revealed

India’s solar installations recorded in the first half (1H) of calendar year 2018 totaled almost 5 GW and the country’s total installed capacity has exceeded 25 GW....

October 15, 2018

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Sampath Krishna

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Mercom Research Focus

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Other
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Trina Solar Acquires Spain’s Solar Tracker Manufacturer Nclave Renewables

Trina Solar, a Chinese solar module and cell manufacturer has completed the acquisition of Nclave Renewable S.L., a Spanish solar tracker system manufacturer. The value...

May 21, 2018

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Nitin Kabeer

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Finance and M&A

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Solar

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