Financials

The solar manufacturing equipment maker has posted an EBIT of US$15 million for the six-month period. It marks a return to profitability for the Swiss company, after major restructuring and cost optimization programs over the past 18 months.

Module manufacturing giant Canadian Solar shipped 1.7 GW of modules in the second quarter of 2018, a 23.7% increase on the previous quarter, according to the company’s latest update. Net revenue, however, fell more than 50% quarter-on-quarter with the company blaming fewer project sales and lower module prices.

In the first half of the year, the PV equipment manufacturer recorded a significant increase in sales. This was largely due to orders from the solar industry.

Chinese polysilicon producer Daqo New Energy says it maintained full production capacity in June, and reiterated its full year production guidance of 22,000-23,000 MT. The company’s Q2 financials show, however, sales volume and profits fell over the previous quarter, thanks to loss of demand in China.

Taiwanese cell producer, Neo Solar Power has posted a net loss of NT$390 million (US$12.75 million) for the second quarter of 2018. Though indicative of the difficult times currently facing Taiwan’s cell manufacturers, the figures represent a 39.3% reduction compared with the previous quarter’s loss.

The company has brought its operating margin to below -1%, as it fends off component shortages, short sellers and potential tariffs.

Japanese electronics company & cell/module manufacturer, Kyocera has reported improved overall financials for the first quarter of the Japanese financial year, with a 12.3% increase in revenues. For the company’s activities in solar, however, signs are less encouraging.

In a preview of its half year financial results, Swiss equipment supplier, Meyer Burger has announced it is expecting a return to profit in the first half of 2018, recovering from a lengthy period of losses, including a major restructuring and the closure of multiple production sites.

Developer has posted positive financial results for the second quarter running, following the company’s restructuring. Though its discontinued module manufacturing operations are not included in financial results for the first quarter, the company more than tripled net income on the previous three-month period.

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.