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Quarterly financials

REC Silicon to suspend production at Moses Lake poly factory

Norway-headquartered REC Silicon has revealed plans to halt operations at its Moses Lake facility in the U.S. in 17 days’ time. The company says it has taken the decision to maintain liquidity for its semiconductor business with American workers set to pay the price for President Trump’s trade war with China.


Singulus reports fall in sales and profit

German PV equipment supplier Singulus Technologies has reported a fall in both sales and profit year on year for the first quarter of 2018. The company, however, points out that its order books are full.

SunPower to exit utility-scale solar development

The company is pivoting to DG solar and expanding its manufacturing as it continues to struggle with profitability.


REC Silicon posts revenue increase for Q4 2017

Norwegian headquartered manufacturer, REC Silicon has posted revenue of $78 million for the fourth quarter of 2017, a 3.4% increase over the previous quarter’s $75.5 million. The company also increased its EBITDA to $10.3 million, up from $3.6 million the previous quarter.


Datang posts $81.2 million net profit in H1

China Datang Corporation Renewable Power’s net profit more than doubled in the first half of 2017 to CNY 541.77 million ($81.2 million), as utilization hours of its solar projects rose from from the preceding year.


Canadian Solar holds firm in Q1 with slight profit and revenue increase

The Chinese solar company increased its revenue sequentially despite falling shipments having begun monetizing new power plants globally. Gross profit rose to $91.4 million.


Amtech quarterly results show growth in orders and revenues

The equipment maker’s results for Q1 fiscal 2017 show a dip in revenue but growth in orders for solar equipment compared to the previous quarter.


Scatec Solar enjoy a strong end to 2016 with revenue and EBIT increases

Norwegian integrated solar power producer Scatec Solar has posted strong quarterly and yearly results, which show increases in all of the right areas, including significant revenue and EBIT growth, as well as an increase in power production.

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