Canadian Solar: Higher shipments and revenues, but falling gross margin
Unlike many of its peers, Canadian Solar seems to have pulled through the third quarter (Q3) of 2011 rather well, having recorded both sequential and annual photovoltaic module shipment and revenue increases. The companys gross margin, however, took a big hit.
Yingli ups shipping record, but posts falling gross margin
Yingli Solar may have seen another quarter reach “historical” photovoltaic module shipping highs, but its financial figures have been impacted by the weak solar market conditions. The companys gross margin and operating results were hit particularly hard.
ReneSola posts Q3 loss
While its second quarter (Q2) 2011 gross figures were impressive, recording a USD$45.9 million profit, ReneSola has posted a loss of $7.7 million, for the third quarter (Q3) 2011.
JinkoSolar endures rough Q3
As one of the few solar companies to post positive second quarter (Q2) 2011 financial figures, Q3 must have come as quite a shock for JinkoSolar, which experienced significant declines.
LDK Solar posts second consecutive quarterly loss
Vertically integrated photovoltaic manufacturer LDK Solar has announced its third quarter (Q3) results for 2011, revealing a USD$17 million loss.
China's Trina also sees big Q3 losses
It seems there is no escape from the third quarter (Q3) woes this year. Trina is the next solar company to post weak financial figures on the back of the “challenging” market conditions. Questions also remain over new technology plans.
Solar lobby rallies against sudden FIT changes
In the latest move in its campaign against the governments halving of its feed-in tariff (FIT), the UK Solar Future campaign rallied today at the Houses of Parliament.
Suntech positive despite Q3 declines
Suntech, affected by the depreciation of the euro, has posted third quarter (Q3) 2011 declines across the board. The company believes the current market troubles will continue into the first half of 2012. However, by mid-year, it expects to return to profitability.
Hanwha also posts significant financial losses
Another victim of the depressed market conditions, Hanwha SolarOne has seen third quarter (Q3) 2011 losses, leading to full year module shipment guidance reductions. Like many, the company believes the financial woes will continue into the first half of 2012.
Forum Solarpraxis: More foreign investment and lobbying needed
After an opening day that seemed somewhat overly focused on the German market, the second day provided a whistle-stop, round-the-world tour encompassing both prominent and emerging markets from Europe and beyond. The key issues to emerge were a need for more foreign investment and lobbying against other power sources.
