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.
First Solar posts strong Q2, sells O&M unit to NovaSource
Another stalwart of the solar industry was able to take the necessary precautions in order to maintain a sense of normalcy during the pandemic, leading to a quarter of increased sales, net cash, and a positive outlook to finish off the year.
SunPower survived shutdowns to post strong Q2
Supply chain and manufacturing disruptions will lead to shipping decreases in the third quarter, but SunPower’s pre-pandemic measures ensured strong performance, solid demand, and higher installations.
Enphase Q2 micro-inverter revenue falls despite demand ‘rebound’
Coming off a strong, profitable first quarter, Enphase sees the second-quarter results of Covid-19 in compressed revenue and a swing to a loss. Gross margins remain strong.
SolarEdge up 12% after hours on second-quarter revenue and solid earnings – despite Covid-19
The inverter and energy storage company was able to maintain its streak of profitable quarters in what was expected to be a hard period for solar and the Israeli business said it sees “signs of recovery in the U.S.”
Tesla solar business hits new lows in revenue, deployment
It was a series of firsts, including a strong full year and Megapack turning a profit, that factored into CEO Elon Musk explaining that he has “never been more optimistic or excited about the future of Tesla.” Austin, Texas, has been confirmed as the site of the next Gigafactory.
Renesola warns of Covid-19 project disruption
The solar plant developer, which is now based in the States, was upbeat in its first-quarter figures but balance sheet borrowings remain a concern.
Canadian Solar sees turnover and profits surge
The Chinese-Canadian solar manufacturer reported a 41% year-over-year increase in total module shipments to 2.2 GW in the first quarter. Revenue grew by 70% to $826 million, while net profit improved significantly from $17.2 million to $110.6 million.
Chinese PV Industry Brief: Lower wafer prices, new modules, and a factory under construction
Longi has announced more cuts to wafer prices, while cell manufacturer Tongwei has started building the first phase of its 30 GW Jintang PV manufacturing base. Risen Energy has also released solid financials, while JA Solar has unveiled plans to start selling its 500 W-plus solar modules.
