Panda Green Energy 1H 2018 results: Revenue up, EPS down
Today, Panda Green Energy Group Limited posted its results for the first half of the business year 2018. The company made itself a name when it started constructing Panda-shaped solar parks in 2017.
Jinko sees Q2 profits slightly increase, confirms shipment outlook for fiscal 2018
The Chinese manufacturer has seen its revenue decline significantly in the second quarter of this year, despite quarterly shipments dropping just 3.1%. This performance, which confirms a trend that was already clear in fiscal year 2017, was mainly due to lower solar module ASPs. Quarterly net profit, however, has more than doubled. Despite recent developments in the Chinese PV market, the company maintains its shipment outlook for full fiscal year 2018, in which it hopes to ship between 11.5 GW and 12 GW.
Canadian Solar sees revenue more than double in Q1, reports slightly increasing ASPs
The Chinese-Canadian module manufacturer saw its quarterly revenue exceed its forecast, while posting a net profit of $43.8 million. Meanwhile, its portfolio of solar projects in development has reached 2.3 GW.
Vivint Solar grows revenue on lower volume
The US residential solar power company continues its focus on higher profits, hinting at strong growth potential in coming quarters as sales teams settle into their new pipelines.
SMA confirms guidance for 2018
In the first quarter, SMA saw its sales increase slightly, while EBITDA improved compared to the same period of the previous year. Net profit, however, was significantly below the level of the first quarter of 2017.
Shunfeng trims net loss, improves sales
The Chinese PV manufacturer shipped 3.85 GW of solar PV products last year, including 37.6 MW of wafers, 1,346 MW of solar cells, and 2,475 MW of PV panels. China was still the company’s largest market, accounting for 74.9% of total sales.
JinkoSolar posts strong shipments increase for 2017, but lower profits
Last year, the Chinese solar PV module maker shipped 9.8 GW, and achieved a revenue of US$4 billion. Both gross and net profit, however, declined due to lower ASPs, higher polysilicon prices and increased output from OEM partners.
Daqo sees turnover and profits increase significantly in Q4 and full fiscal 2017
The Chinese polysilicon provider reports overall increasing sales and production, as well a considerable increase in polysilicon ASPs for the second half of last year.
SMA raises revenue outlook for 2017
Despite raised forecasts, last year’s revenue and EBIDTA were lower than those registred in 2016. Shipments grew year-on-year, from 8.2 GW to 8.5 GW.
Huajun Holdings reports 29% revenue drop in its solar business
The Chinese group, which operates in the solar sector through its unit Huajun Ectricpower Limited, saw its solar segment achieve a turnover of RMB 545.7 million (US$82.4 million) in the first half of fiscal 2017.
