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financial results

SMA exceeds €1bn in sales for first time since 2012

German inverter manufacturer SMA has managed to shake off the impact of the pandemic by posting strong revenue and profits for 2020.

SunPower posts solid Q4 results as storage drives growth

SunPower’s distributed-generation services platform, as well as storage and digital solutions, will be key to its long-term growth, CEO Tom Werner said in an earnings call this week.

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SMA passes billion-euro mark in 2020 sales, expects further growth

Despite the Corona pandemic, SMA Solar was able to significantly improve its financial results over the past year and has met its 2020 forecasts. Overall, the German PV company has installed more than 100 GW of solar inverter power globally.

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SMA swings to profit in first three quarters of 2020

Despite the coronavirus pandemic, the photovoltaic inverter maker was able to significantly increase its turnover and sales compared to the previous year.

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SunRun’s Q3 earnings reveal strong growth

Sunrun has reported a strong third quarter, as order volumes have increased significantly.

Solaredge sees slight profit growth in Q3

Despite a significant drop in turnover, the Israeli inverter maker was able to increase its net result in the third quarter of this year, in which it shipped around 1,415 MW of its products. In the first nine months of the year, the company’s revenue increased year-on-year from $1 billion to $1.1 billion.

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First Solar posts strong Q4 results, announces 445 W module

Strong net sales, 1.6 GW of bookings, plans for a 445 W panel, and environmental recognition for the Series 6 line point to another successful quarter.

Jinko posts $47m, second-quarter profit

The Chinese solar manufacturer shipped 4.46 GW of modules for turnover of $1.2 billion from April to June and expects to move 20 GW of panels this year.

SMA reports 42% increase in turnover, Meyer Burger swings to a loss

German inverter manufacturer SMA Solar Technology reported solid financial results for the first half of 2020 despite the Covid-19 crisis. Meyer Burger, however, saw sales and profits decline.

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Despite solar woes, Tesla recorded its first profitable Q1

Tesla finished the first quarter of 2020 with a positive GAAP net income, driven by the profitability of the Model Y. However, the story was not so bright for solar, storage or corporate governance.

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