Ideal Power posts revenue 75% drop in Q2 revenue, increases net loss
The Texas inverter maker blamed the drop in sales on delays in California’s incentive program and expects business to pick up in the second half of 2016 now that the problem has been resolved.
SMA grows H1 inverter output to 3.9 GW but announces two fab closures, warns of tough price pressures in 2017
Sales revenue for first six months of the year grows 15.1% to hit EUR 494.1 million, while international share of sales tops 90%. Company announces closure of Denver and Cape Town operations in preparation for tough 2017 price pressure.
Silicor recruits AM Technical Solutions to sure up deadlines for new facility
The U.S. solar silicon producer has signed an USD8.9 million project management contract with AM Technical Solutions for its first commercial-scale production facility in Iceland, which it hopes will enable it to strict to the strict deadlines that it has set itself.
Net income back in positive figures for Etrion during Q2
Swiss solar power producer Etrion recorded a quarterly net profit during the second quarter of 2016 for the first time since 2014, which it attributes to its solar activities in Japan; where it plans to continue to focus its resources.
First Solar increases presence in Turkey with 160 MW of orders this year
The U.S. company has won two large contracts to supply 160 MW of its high performance solar modules to PV projects in Turkey, which places it in a strong position to take advantage of a market that is expected to grow dramatically over the coming years.
SolarEdge growth slows in Q4 FY 2016, but year-on-year results strong
The Israeli power optimizer specialist compensated for a slowdown in the U.S. residential market by increasing its international sales, ending the fiscal year with a 50.7% revenue increase.
SunPower to shed 1,200 jobs as it cuts revenue forecast and expects 2016 loss
Extension of the ITC has stripped urgency from U.S. market, company CEO says, prompting a rethink on solar power plant timeline. SunPower will close Philippines fab as part of re-positioning of supply.
Mitsubishi to invest in US solar firm Nexamp
The Japanese corporation reaches agreement to indirectly take a near majority ownership in the firm, which specializes in community and commercial solar installations.
Yingli's preliminary Q2 results showing positive signs
China’s Yingli Green Energy likely surpassed its guidance for PV module shipments in the second quarter, but expects to post a slightly lower gross margin than in the preceding three-month period.
BayWa's midway financials boosted by company's renewable energy business
The Germany company saw a significant rise in EBIT over the same period from last year, which it puts down to its renewable energies business and its fruit business, while also citing causes for optimism over the second half of the year.
