Solar Frontier’s operating loss widens to $26.4 million in Q1
The CIS thin-film PV specialist has posted an operating loss of JPY 3 billion ($26.4 million) in the three months to March 31, from JPY 2.6 billion a year earlier. Net sales fell 41.3% on the year to JPY 22.2 billion.
Singulus reports revenue and profit increase
The German equipment provider has posted positive numbers for the first quarter of this year. The company also reports high interest for its new PV production machinery.
Panasonic’s 2016 profit falls 9.6% as solar sales sag
The Japanese electronics group posted a net profit attributable to shareholders of JPY 149.4 billion ($1.3 billion) in the fiscal year to the end of March — from JPY 165.2 billion a year earlier — as declining sales of solar panels in Japan eroded its earnings. The group’s net sales fell more than 3% on the year to JPY 7343.7 billion, although its operating profit rose to JPY 276.8 billion, from just JPY 230.3 billion a year earlier.
SolarWorld Americas maintains full operation
The U.S. subsidiary of the German manufacturer maintains full operations at its facility in Hillsboro, Oregon, although its parent company and its German units filed for insolvency last week.
PVA TePla returns to profitability in Q1
Q1 sales increased by 37% compared to a year earlier. The company also posted a positive Ebit for the first time in five years.
SolarWorld’s German units file for insolvency, provisonal administrator is named
The Bonn court has confirmed to pv magazine that Horst Piepenburg was named temporary administrator for SolarWorld. Meawhile, the company’s German units also filed for insolvency.
German PV equipment makers report revenue rise for 2016
German PV equipment providers were able to increase their sales by 20% in the past year. Demand for solar production equipment, however, is slowing.
Amtech posts revenue growth in Q2 of fiscal 2017
The U.S. supplier of automation systems for the PV industry also saw order intake and quarter-end backlog increase in the latest quarter. All of the company’s segments contributed to the turnover growth registered in this period.
Video: Dow showcases ENGAGE PV POE for encapsulant films at SNEC 2017
At its joint exhibition with Dow Corning at the SNEC show in Shanghai last month, Dow Elastomers showcased its ENGAGE PV POE solution, a polyolefin-based material that can be used in manufacturing both top and bottom encapsulant films for many module types.
Analysts “unsurprised” by SolarWorld’s bankruptcy
Leading solar analysts say that SolarWorld’s bankruptcy, announced yesterday, should not have come as a surprise. Pointing to the current “viciously competitive” cell and module market, and the ongoing dispute between Hemlock and SolarWorld subsidiary Deutsche solar GmbH, analysts from IHS Markit and BNEF, say that the writing had been on the wall for the German company for some time.
